Small steps lead to big changes...

WinterWarrior

It is very hard. This is why I can’t bring myself to replace my car with my car fund. I need an emergency back up fund first! I think this is the struggle of most of us who are unused to savings. Spending a loan is somehow so much easier (and why they need to be avoided). Your bathroom will be so lovely though and you’ll save again. 

savingholmes

Your bathroom will be used every day. 

I sympathise on not liking emptying your EF. Good the restructure is delayed.

beanielou

I get it about the no savings.  As you say though you are in a much better financial situation. 
All will be well.

jwil

doingitanyway said:

jwil said:

I had a big anxiety attack last night about not having any savings again.  I have reminded myself that we're not in the same position as before, and can actually access credit now if we need to, so it's not the end of the world.  Plus, I know I can add a little bit to savings each month so it will build up again.  I haven't slept well at all over the last few nights, so feel rubbish today.  

I can understand your anxiety about having no savings but think about your PADs and your ability to rebuild savings. It will be worth it in the end and you will have built up savings in no time.

I have a similar anxiety as I won't have a safety net if I do get my house but I will rebuild too 

Thank you.  It's very stressful isn't it, but we will both get there again, and at least we've both dipped into our savings for positive reasons which will benefit us - more so in your case!

jwil

WinterWarrior said:

It is very hard. This is why I can’t bring myself to replace my car with my car fund. I need an emergency back up fund first! I think this is the struggle of most of us who are unused to savings. Spending a loan is somehow so much easier (and why they need to be avoided). Your bathroom will be so lovely though and you’ll save again. 

It's really hard emptying those pots, even if they are there for that reason!  Thank you

savingholmes said:

Your bathroom will be used every day. 

I sympathise on not liking emptying your EF. Good the restructure is delayed.

Thank you.  It will hopefully bring us lots of joy!

beanielou said:

I get it about the no savings.  As you say though you are in a much better financial situation. 
All will be well.

It's very stressful isn't it.  Thank you.

jwil

Although I still didn't sleep brilliantly last night, I had one good stretch of about 4 hours, so I feel better in that sense today.

My PBs arrived in my account, so the balance after the deposit has been sent to my PAD account which pays over 4% interest.  I will at least gain a few pennies before I have to pay the balance.  I won't count it as a pad though  

Little jwil enjoyed his day yesterday and hopefully will again today.  We've got parents evening tonight where we meet the new teachers.  Little miss is on a school trip today.  I feel better that the election is almost here, and will be glad to see the back of tomorrow (and will feel much better about it if I manage to put the pay back into savings in August!).

Electrician disconnected the shower yesterday, and the plumber is delivering the tiles round today.  It's starting to happen!  It's a bit of a pain not having a shower, but we will survive.  Friday before he arrives, I will empty the airing cupboard so it doesn't all get dusty and that will be my prompt to sort through and declutter the contents.  There's a lot in there that can probably go now, so that will be another positive job completed.

Today is my last day in the office before Monday, so I want to tick some bits off my to do list that are preying on my mind.  That will be another result.

I'm much more rational when I'm not sleep deprived  

jwil

Today's PAD - £2

Jan - £319
Feb - £135
Mar - £129
Apr - £114
May - £118
June - £93
July - £6

Sunshine_girl2

I am vote counting tomorrow night , I will be glad when Friday night arrives . Look forward to hearing the bathroom is done . Have a good day. 

in_need_of_direction

I too get very possessive of savings but don’t regret a penny spent on a new bathroom 2 years ago.  It helped to look at it as increasing the value of an asset.

EssexHebridean

It is ALWAYS anxiety inducing spending big chunks of money on things, even when those things are necessary and saved for. Remember how far you've come in this wonderful MSE world we all inhabit though. No consumer debt AND in a position where you are paying up front for GETTING THE BATHROOM DONE for goodness sake! I've said it before - when we've spent so long making adjustments to get debt free. mortgage free or whatever, and then building up savings, to see the account balances no longer reflecting that is a massive jolt. Just think though - it won't be that long before you will be able to go and look at your lovely "savings" in the shape of that bathroom!