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Buying a little piece of Middle England; Manifesting my way to mortgage free.

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  • Congrats on the job
    love 🐞

    Grow your own: £14.66
  • HotDog2020
    HotDog2020 Posts: 593 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    I got the job!
    Not sure on start date or anything, they have offered me 24 hours a week. Will need to wait on another team to call me regarding start date now, although I suspect I need to wait for references etc to get back to them first. 
    Ohh Fantastic, congratulations, I hope all leads the right way...good luck. HotdogX
  • redofromstart
    redofromstart Posts: 5,864 Forumite
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    edited 8 October 2024 at 7:04PM
    Term time only is generally 39 weeks plus holiday pay - under the last iteration of the part year workers stuff, that I paid any attention to, you had to get minimum 5.6 weeks per year holiday on top if it is a permanent contract. So the maths goes X per hour x 24 x 44.6 then divide by 12 to give your monthly salary.  This may have changed.  When it was pro rata to weeks worked it was 43.2 weeks including your holiday pay.

    Things I plan to never need to know again!
  • ~FlowerPot~
    ~FlowerPot~ Posts: 1,621 Forumite
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    ooh, well done on the job DFW
    and very pleased for you that DP enjoyed his first day too.

    flowers x
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  • KajiKita
    KajiKita Posts: 7,810 Forumite
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    beanielou said:
    Why do you think that you feel flat?  
    I was wondering the same ….

    Perhaps it’s because it is a job for a wage rather than your dream, which you are just starting to get glimpses of (building training courses etc.).
    If this is the case, you can use this role as a stepping stone / bridge / transition into what you actually want to do. Giving you some income but also some time to gradually build your training / courses portfolio and learn how to do some of the admin tasks and structures around it that you need (I saw your comments on Watty’s diary). 
    Am I making sense?

    KK
    As at 15.08.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £232,244
    - OPs to mortgage = £12,048  Interest saved £5,675 to date
    Fixed rate 3.85% ends October 2030

    Read 43 books of target 52 in 2025, as @ 17th August
    Produce tracker: £299 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • skint_spice
    skint_spice Posts: 13,438 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Congrats on the new job, extra money but time to work on the dream 🎉
    Mortgage OP 2025 £6250/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,210


    Money making challenge £38/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • ruby_eskimo
    ruby_eskimo Posts: 4,795 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    KajiKita said:
    beanielou said:
    Why do you think that you feel flat?  
    I was wondering the same ….

    Perhaps it’s because it is a job for a wage rather than your dream, which you are just starting to get glimpses of (building training courses etc.).
    If this is the case, you can use this role as a stepping stone / bridge / transition into what you actually want to do. Giving you some income but also some time to gradually build your training / courses portfolio and learn how to do some of the admin tasks and structures around it that you need (I saw your comments on Watty’s diary). 
    Am I making sense?

    KK
    Congrats on the job!  And agree with KK, you can use the hours you aren't working and the holidays to build the dream that you're starting to realise.  

    Hope DP's second day is as good as the first and you manage to get the 20 hours pay sorted 🤞
    Emergency Fund - £8572.39 / £10,000 :: Mortgage OP 2025 - £
    LISA 24/25 - £3200 / £4000 :: NSD 2025 - 2 / 150 :: Books Read: 1 / 52 :: Decluttering - 4 / 1000
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • Morning all :smiley: thanks for the congrats 🥰
    I think you're definitely right KK it is because I'm doing it for the wages. Also I guess I don't start for possibly a month so I don't think I will feel excited/ nervous until much closer to it being real. 

    I didn't sleep well last night, was hot and cold, hot and cold ALL night ugh. Very tired today but am up, showered, dressed and ready to meet a friend in a bit. Will also pop into the library before I meet her, need to return some books and will have a look see if there is anything else I fancy. 

    I got my NSD yesterday but I have lost count once again :lol: I am a bit rubbish at this keeping track malarky. 
    I need washing up liquid today and actually put it off yesterday to achieve my NSD because I knew I was meeting a friend and would be buying something today (my turn as she got it last time).

    The squirrel killer next door has her trap out again :disappointed: it makes me really sad every time I see it and I can't bring myself to even say hello to her any more. I avoid leaving the house until she isn't hovering (she's retired, she is usually hovering). It is a real shame but I just can't understand why she is doing it. I had great neighbours in my last house and really hoped to have the same here but so far we have irritating yappy dogs one side and someone who enjoys killing wildlife the other. I never got out in the garden yesterday and it wasn't because of rain, that did eventually stop, but it was because she was out there with a friend very loudly being noisy about rodents. For the record all I have seen is squirrels, no rats....so I assume she is referring to them. I plan to go out there today and put some food out for the birds, and if the squirrels get it and decide my garden is safer than hers then so be it :smiley: 

    DP & I bought 10 dvds for £2 at the charity shop the other week, we are working our way through them. I refuse to pay for the tv license, I quit N3tflix when the prices were first raised really high a few years ago and my D1sney is about to be cut off as my sis lends me her log in (saw no household sharing any more) so we buy cheap dvds usually or see what is on Pr1me for entertainment. I have one dvd to go back to the CS so far out of about 7 we have watched....will watch the rest before taking it as there might be more to add to the pile. I prefer old movies anyway so this works well for us and is cheap :smile: The one to go back was a very depressing war film with bruce willis. I just wanted to cry all the way through! Our fave out of the pile so far is an oldie but goodie- Taken. 

    I also have some books we picked up off a charity table in the SM - 2 can go straight back, weren't for me. I will see if there is anything else there as I take it back and swap over with a few coins for charity popped in. Constantly decluttering is the way forward for me :lol:

    DP is working from home today, good job as he didn't sleep well either also good because it will save our fuel. He hasn't received company CC yet for expenses so it is all coming out of our budget atm. So that will save a few pennies. I will get him to drop me off in town later too so we save £3 on parking when I meet my friend. Hoping for a LSD (less than a £10er). 

    Right off to do some bits now before heading out...
    MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!
    Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. Aug-£200.
    Total- £1362.23
    Goal pay off 1% of current mortgage in 1 year. £1650

    EF- first goal £300
  • Term time only is generally 39 weeks plus holiday pay - under the last iteration of the part year workers stuff, that I paid any attention to, you had to get minimum 5.6 weeks per year holiday on top if it is a permanent contract. So the maths goes X per hour x 24 x 44.6 then divide by 12 to give your monthly salary.  This may have changed.  When it was pro rata to weeks worked it was 43.2 weeks including your holiday pay.

    Things I plan to never need to know again!
    Hmm how do I work it out then if the wages on the advert are XX pro rata per annum and not hourly? I used Ai chat thing to try and work it out but wasn't sure if I was actually asking the right questions. The ad obviously says how many weeks you work but not what your holiday entitlement is or anything...I find these things so confusing. I would just like some sort of idea on what to expect. 
    MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!
    Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. Aug-£200.
    Total- £1362.23
    Goal pay off 1% of current mortgage in 1 year. £1650

    EF- first goal £300
  • ok, so, assuming the pro rata salary was based on the full time equivalent, it shouldn't matter how much holiday there is to work out the hourly rate you just divide that annual salary by the standard working weeks hours for a full time person (usually 37.5, or 37 for most councils) and then divide by 52 to give you a rough estimate of the weekly wage. 

    So a full time job paying real living wage would be £12 x 37 x 52 weeks = £23,088 annual salary.  This would then be advertised as pro rata to £23,088, term time only 24 hours.  You work it backwards to get the full time equivalent rate of £12 per hour, then £12 x 24 x 43.2 (worst case!) which gives a pro rata salary of £12, 441.  Assuming they pay on an even rate through the year as standard for education (equalised pay) then that would be £1036 per month.

    (and yes I know some councils use 52.1 weeks etc, I am trying to make this a simple estimate)

    Hope this helps.  May be worth checking their web site to see if they post their pay scales, in which case that often confirmed the hourly rate. 


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