2008 - Live on £4000 for a full year.

FrankieM

I registered when I started mystery shopping..not had any paper work or tax return stuff come through, I'm sure they'll sort it out...but I know what you mean...!

I did jackpot joy on greasypalm today. Didn't win, but the cashback takes me over the limit to get a pay at some point now. I think I'm going to give the other sites a go too. I'm just trying to work out who gives the biggest cashback between quidco and greasypalm.
I haven't actually split my totals so I know how much I'm spending on what...I've never really bothered. I'm sure it would be good to know..

Frugaldom

Catshark88 - We just recently registered my DD and it took her months to get started up because of all the waiting about for paperwork, grant applications, loans, business banking etc and it ended up she spent the first 5 months in a pre-trading state that had to be put down to market research, testing the market, business planning, trials etc, etc, etc. When we eventually got everything in order, it meant that her actual account was showing as being in place several months before her official start date. If you are a newly set up business then decide when your OFFICIAL start date was (within 3 months) and go from then. But you need to write through everything accrued before that, whatever was spent or generated during the preliminary setting up stages. I think this is what you mean?

Did you receive invoices for your National Insurance payments? DD doesn't earn enough to pay these yet but I've (hopefully not wrongly) advised her to pay the Class 2 on a voluntary basis rather than apply for the small earnings exemption. I was always told that it's better to pay something than nothing and it isn't expensive. Hope this helps

PS: We had to really hound the tax office to get DD's tax reference number.

mah_jong

Ok

Totals for the week, I shall update my footer come the 31st when all the info has been collated.

1.82

so small, I can list the items, doves yeast 1.09 and 1 litre of milk 73p.

I had plenty of fruit and veg from last weeks spends and I have continued to eat the meals from the freezer. I have not been surprised after defrosting anything yet!

mah

catshark88

Nykmedia, Thank you so much, that is really helpful info. I was going down the NI exempt route as I have a young child and think that NI payments are being made for me already because of that. However, I think that you are probably right about the benefit of my making the contributions myself.

Having the actual business idea and getting it off the ground seems a piece of cake comapred with the paperwork side!

CS88

sophiesmum_2

Good evening fellow frugalites:D , hope you are all having a relaxing evening. Been a busy week at work and was so happy to finish for the weekend this afternoon. Looking forward to a bit of destressing at the weekend:j

Just took DD to Asda as it has post box and she was posting her first ever e bay sale (on my account;) ) I think i am finally making a frugalite of her
I spent £3.98 on a bag sealer while I was there (kitchen gadgets again:o ) and £1 on air fresheners for my car as I am sick of it smelling of straw and horses courtesy of DD:rolleyes: , now I can smell citrus scented chemicals instead, not sure which is worse

CharliesAngel

Don't forget the clocks go forward this weekend!!!!

CA x

Mollymop5

Evening everyone.I got a nice surprise today.My quidco payment was in my bank as was my pay for the 3 hours per week cleaning I have been doing in the local library.Best bit is they somehow managed to pay me twice :T .
I'm sure they will ask for it back but for now i can pretend I'm better off lol

Frugaldom

Evening all and well done all you Quidco payees! I'm looking forward to the next quarter of 2008, which starts in 4 days time with the new thread
If my calculations are correct, I'm due an oilyhand payout of £30+, a £20 cheque from mutual, a £10 Woolies voucher and £15 M&S voucher! :T

This is YDC charity week on eBid, which means I'll be spending some time listing stuff this weekend to raise a few more pounds for part of my cyberdosh challenge. (I'm hoping to raise £500 for my chosen charity during 2008.)

Weather doesn't look like it will be any good for planting potatoes, so I'll probably bake a batch of bread to try out Mr A's wholemeal flour, plus there are no biscuits left to offer tomorrow's visitor with their cuppa, so some of Twinks Hobnobs should do the trick. We love them!

My next monthly shop is drawing closer and closer, yet the freezer is filling instead of emptying! We do eat 3 times a day but the new grocery budget is working like the amazing, magical, self-filling food store and I don't know how! Tonight I used up some mushrooms, red & green peppers, carrots and onions, tin of tomatoes and the remainder of the tomato puree with half a pound of minced beef, but ended up with 6 portions instead of 3, so 3 have gone into the freezer. I also boiled a pot of (whoopsed) potatoes and have them mashed and into the freezer along with 3 lots of chicken soup.

The one thing I can't believe is that I am managing to save extra money, tucking it away everywhere like a demented squirrel with OCD! When you are clearing debts and paying bills you just feel skint, but once they are all but gone and you are still finding new ways of cutting costs, things take on a whole new dimension! I now have an account for £2 coins, one for ciggy savings, one for the house fund, one for my 4k challenge/cost of living, an ISA and a life assurance savings bond. Then there's the stooze accounts! And do you know what's worse? Every time I open an account, someone somewhere gives me pounds, points or vouchers! :j I really, really wish I had discovered all of this about 25 years ago because then I could be planning my retirement! I'm also hoping that I can now save enough in those accounts to make them worth having! (Still aiming for solvency and a money neutral lifestyle, not quite reached the heights of going for the glory of riches, but the Premium Bond draw is next week and that's exciting enough! :rotfl:)

mini_huny_money

MarkyMarkD wrote: »

If you put money into the state pension, in any form, and die before you are old enough to claim, it's lost. It goes into the government coffers and pays for everything that otherwise other taxpayers would have to pay for. Similarly, if you pay lots in but only get a tiny bit out, that's hard luck. The other side of the coin is that if you live to 120, you will get way more out of the state pension than you put in.

Similarly with private pensions, save that if you die before retirement, the value of your fund will be paid into your estate. If you die after retirement, but relatively young, then it's hard luck but will benefit either your employer or the insurer depending where the risk lies.

Although it sounds unfair, it's all about cross-subsidy. Those who die young (and therefore, to be harsh about it, don't need the money) subsidise those who live forever (who clearly do need something to live on).

I don't support the idea that this is unfair; it's about meeting people's needs.

People who argue for keeping money in other forms, because they don't want it to be "lost" if they die young, are being blind (generally) to the risk that they'll live forever, and their savings will run out and they'll be left on means-tested state benefits (and the state pension).

Both scenarios are a gamble. But the pension gamble is a better way of ensuring that you will have enough money to live on however long you live.


Regarding life policies, the same applies. If it's a term assurance policy, and you don't claim during the term, that's it - the policy is over. The risk against which you insured never arose so nothing is due.

For an endowment type policy, the fund has a value. But essentially an endowment is a savings plan plus a life policy bolted together, where the life policy makes up the shortfall in the as-yet-unearned part of the endowment's value.


It's no different insuring your life to insuring your car. You don't get your car insurance premium back just because you don't have a crash.

\

Hya Marky, just catching up on the posts and cos I;ve got a few pages still to read, my question mightve been answered, if so, sorry

I'm an NHS worker with when I retire over 30 years of superann contributions. I was under the impression that an individual can will their superann to their next of kin........if an individual has not asked for their superann to be willed to their next of kin........ONLY THEN......its lost to the Govt coffers

Frugaldom

mini_huny_money wrote: »

...I'm an NHS worker with when I retire over 30 years of superann contributions. I was under the impression that an individual can will their superann to their next of kin........if an individual has not asked for their superann to be willed to their next of kin........ONLY THEN......its lost to the Govt coffers

I cashed mine in when I left nursing many, many moons ago. OOPS! I think I bought a horse with it, but don't tell Bails!