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Keeping afloat till I can get round to the debts!

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  • So today's news is my job role is terminated with immediate effect..I'm still employed and HR will be in touch over the next few days to explain the consultancy period and advise on options etc but the service I do as my job role has finished as of today's meeting 
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just under 65k

    June 25 Debts in my name only £5170. DH can't keep track...
  • slm6002
    slm6002 Posts: 4,392 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I'm so sorry to hear this.  Is there likely to be any redundancy pay for you to keep you going until you find another?
    Me, DD1 19, DS 17, DD2 14, Debt Free 04/18, Single Mum since 11/19
    Debt £2547.60 / £2547.60
  • Rud0lf
    Rud0lf Posts: 225 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Oh no, was this expected in any way or completely out of the blue? At least there is a role for now, hopefully it will end up being a positive move and you'll end up doing something you enjoy more xx
    Mortgage free 2021 

    Debt free 2024

    Starting to save for early retirement whilst balancing having fun whilst we can!

    4275/8000 savings 
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    Save £12k in 2025 #51 £9134/£16000
  • NeverendingDMP
    NeverendingDMP Posts: 2,228 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    edited 7 September 2023 at 10:34PM
    slm6002 said:
    I'm so sorry to hear this.  Is there likely to be any redundancy pay for you to keep you going until you find another?
    I hopefully can be redeployed it's just whether there is anything suitable/what I want they are willing to let me do instead (beggars can't be choosers) redundancy pay was mentioned but I've not had full details yet. I think I'd rather avoid that and know I'm still working somewhere without the hassle of a gap/applying elsewhere. Though I'm looking around as well
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just under 65k

    June 25 Debts in my name only £5170. DH can't keep track...
  • Rud0lf said:
    Oh no, was this expected in any way or completely out of the blue? At least there is a role for now, hopefully it will end up being a positive move and you'll end up doing something you enjoy more xx
    Half expected. In a nut shell the service I work for has been cut and now no longer will be funded. And yes change should be embraced and it will take me in a new direction (hope that turns out to be true)
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just under 65k

    June 25 Debts in my name only £5170. DH can't keep track...
  • slm6002
    slm6002 Posts: 4,392 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Either way we will be here cheering you on and keeping our fingers crossed for you :)
    Me, DD1 19, DS 17, DD2 14, Debt Free 04/18, Single Mum since 11/19
    Debt £2547.60 / £2547.60
  • Thanks everyone.plodding along for now till HR get in touch to formally start it all. Not that I'm rushing things but I think being told the service is finitio and my job is kaput then not having the HR input on the same day about timeframes is crap management 
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just under 65k

    June 25 Debts in my name only £5170. DH can't keep track...
  • jwil
    jwil Posts: 22,015 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That's awful!  Hopefully it will turn into a good opportunity for you though.
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • So 2 days later I've had an email with a link in for the staff wellbeing service in case I wish to seek support. Now I know I'm employed for time being and still have income etc but surely when you drop a clanger like your job role no longer exists as from this minute you are supposed to do a bit more than that. Randomly did tiny bits of work to help the admin team to pass the time. Can't say I was working at full speed though

    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just under 65k

    June 25 Debts in my name only £5170. DH can't keep track...
  • jwil
    jwil Posts: 22,015 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    So 2 days later I've had an email with a link in for the staff wellbeing service in case I wish to seek support. Now I know I'm employed for time being and still have income etc but surely when you drop a clanger like your job role no longer exists as from this minute you are supposed to do a bit more than that. Randomly did tiny bits of work to help the admin team to pass the time. Can't say I was working at full speed though

    I don't blame you to be honest, and yes, wellbeing support should be a priority in that situation!
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
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