Superpap's positive mutterings about debt/savings...

postingalwaysposting

Thanks all...

Sarah i dont think i would go that far... But you never know do you?
Gem, thanks hun
Rog, i am glad you approve. You were the one i was waiting for. It does look a bit swish now dosent it. There is a draw back though, because the pics are bigger they are taking up quite a lot of my web space... however you can buy more at £3 a month so i am not too bothered about that. Got a bit of space yet.

Yorkielass

my crafting is going ok thanks PAP, I just do it for fun/to make cards for friends and families birthdays really but I enjoy it which is the main thing and it keeps me busy.

Your website looks great - very professional

I agree with the wishing I could work from home crafting all the time - one day maybe

postingalwaysposting

Yorkie, thats why i do it too, to keep my old brain ticking. Also it easier to express yourself through crafts than it is talking to people iyswim. We can all dream eh

~~~~

Evening all. This is a very late update I know but its all snaggs fault for introducing me to the bbc iplayer :rotfl:
My ebay stuff finished tonight and I made a grand sum of £29.73 :T Not too bad for tat that was heading for the charity shop. I also listed another 10 items to end next thursday (when I am off). I will list a few more items in turbo lister ready to put up saturday night for free listing.

take care all :A

Gemmzie

Looking good PAP :T Wish I could save £150 a month and still have £200 spare, very healthy SOA

postingalwaysposting

Gem, I know I do feel guilty sometimes when you see others soa and they are scrimping to pay debts off. But on the otherhand I am in a good position, ie no outgoings and living at home so now I want to get some financial security in the form of my savings.

Also I dont know when the new finacial years starts? because I would have to fill my Isa by that time the following year iyswim... another mini target.

SarahNeedle1872

Don't feel guilty PaP...... you are lucky that you live at home and have minimal outgoings, but you still had debt that you have cleared yourself! Don't apologise for the situation you are in.... think about it logically, would u having a rubbish/tight SOA actually help anyone else with their debt? No.
Ur in a good position because u have been on both sides, and cleared debt... twice, and are now on hand to give great advice/encouragement....

On a completely different note, I just noticed that ur sig has gone from 4 to 3 lines..... I can't figure out whats missing?:o

Sarah x

Gemmzie

postingalwaysposting wrote: »

Gem, I know I do feel guilty sometimes when you see others soa and they are scrimping to pay debts off. But on the otherhand I am in a good position, ie no outgoings and living at home so now I want to get some financial security in the form of my savings.

I have worked out that if my essental outgoings still stay at £210.50 and running on the worse wage i have had ie £700 I have £489.50 disposable income per month. Obviously I will still have to pay argos but mums giving me that money I just have to be strict and not spend it!

So if I can 'live' on £150 a month ~ this includes animal food/monthly card kit/mags/toiletries/food/craft stuff... then technically I could save £339.50 per month. This means within 6 months (not including ebay/quidco etc) i could save £2037 :j So technically I would/could save £2502 ~ which is my yearly target met by september

Obviously that wont happen because I have to budget in my yearly holiday with that but I dont think thats too bad you know... I wont religously do it though but it will be interesting to know if I could live on £150 a month. You know just as a mini challenge.

Also I dont know when the new finacial years starts? because I would have to fill my Isa by that time the following year iyswim... another mini target.

You don't have to feel guilty at all! You're young, live at home and are setting yourself up so you can move out without getting into debt. Good on you for it!

The new financial year is 5th April, you can put £3k in up until then. Then the next tax year it's £3.6k

Yorkielass

that's brilliant PAP and so sensible to be trying to save. I went over to the mortgage board a couple of times this week for the first time as our fixed rate comes to an end at the end of the year and I was seeing what offers are about at the moment, how things are looking etc and couldn't believe the number of people in their 20s with no savings, no deposit etc wanting to buy a house - savings are definately the way forward. We were very lucky that OH's grandparent left him some money (well a lot of money to us) and my parents are in a position to help too and we had a good deposit when we bought our house but it's tight on our current wages and getting some 'rainy day' savings together is my real aim this year. I already have money going out regularly to save up for car expenses, holiday and birthdays maybe I should set up standing orders for a regular amount into each of our ISAs too - you've inspired me I'll have a look tonight and see if that's achievable - thanks and enjoy the rest of your day off (I'm on my own at work hence a sneaky go on here )

postingalwaysposting

Sarah, Well yes I suppose I am the result of this website working ~ twice. I do see your point about if my soa was worse it wouldnt help anyone, I guess when you are in the position I am you would grab it with both hands too. Thats exactlly what I am doing and I will hold on till mum kicks me out of the next chapter in my life is revilled to me... Bring on the savings.

*Oh the sealed pot is missing, I want to add that to this 'big plan' savings so I didnt want to count it... I will once its full though Got a way to go yet though as I am still only filling it with £1 and £2 *

Gem, Thanks... I guess I will never get this chance again (ie low outgoings) so best do I while I can Thanks about the info about the new year, I didnt know. I think I have £90 I can put in before april but I am not sure. I 'used to' have my Isa with natwest but I kept putting money in then taking it out beacuse I was link to my current account. Thats why I have swaped it to halifax... as I cant 'get' at it then. Will start my first standing order to them to go out on the 15th of april ~ thanks.

Yorkie, Thanks. I know youngsters seem to think its fine to get 100% interest only mortgages. I however want to make sure i can afford this house and not be stuck in a mortgage for years to come.

The thread that got me thinking was the one about buying a house outright or large deposit and low mortgage. See if I am still single on my wage now the bank will only give me approx £40k now most studios in bristol are £89k~£100k. So obviously I am knocked out of the market but the grand dream is to have a place by the time I am 30. I am now 22 so technically i have 8 years... Now saving at £3.6k per year that will give me £21,600 aprrox give or take a bit... So inless the house prices increase beyond those figures above I could 'easily' have a little flat. thats without getting a better job/looking in a different area... so it can be done.

Glad to think I have inspired you... people always seem to put off savings its easier to swallow up what you used to pay on debt on your lifestyle. I know i did it once, but there comes a point where people have to stop and look at what their life maybe like in a few years time.

I must say though I would have never done this if I wasnt part of this forum. So I have a lot to thank you all for :A

Yorkielass

sounds like a great plan PAP. I do have some savings left and I haven't spent much of my Olympic Challenge fund (and the money I have spent has bought me 'big things' like a nano and my new computer that I couldn't have had otherwise' but the saving something monthly and setting up a standing order to do it that's what I think I need to do, our ISAs have been neglected this year :rolleyes: