EssexHebridean wrote: »
There are plenty of ways of being tough without being rude, and judgemental, would be my take on things.
OK - looking at the SOA - it's a bit tricky due to the way it's laid out/formatted, but let's have a go. Comments in red as usual.
I can well see why your current situation makes you nervous - it would be scaring the life out of me! I take it that you're not even thinking about doing anything more to the house until you have at least double the cost of the next bits cleared off the cards? If you are I can only urge you to rethink - at the moment if your wife's income fell for any reason it would be enough to cause you massive issues - never mind what if anything happened with your own job.
You say you have done matched betting before - could you return to that for a while?
Takmon wrote: »
It's worth pointing out that when your children are older they won't be looking back and thinking how great their childhood was because they had a brand new bathroom and a newly redecorated house to live in.
They will probably have the most fond memories of the £840 you spend each year on 4 weeks holiday where they have quality time with their parents having fun.
They certainly won't be looking back fondly at their parents barely making ends meet and pushing their finances to the limit due to excessive spending and stressing over how everything will be paid off. I'm not saying you are stressed over this situation (I certainly wouldn't be happy in your financial situation) but it's definetly worth thinking about.
andydownes123 wrote: »
I will add from a psychology perspective (my area) you do mention 'not regretting' three times (inc. title) in quite an assertive way, as if you know you probably do regret it, and don't want to admit it. Is it validation from us for the decisions you made you want or honest observations?
determined_new_ms wrote: »
all kudos to you for taking on such a major renovation. We have renovated a house and it's hard work. But please can I caution you to reconsider the cost of your outstanding work? I believe you can get a high standard at a much lower cost. We spent £10k on renovating our house and did every room, knocked walls down. I lot of the stuff I sourced - kitchen I happened to be in a supermarket and saw a woman was selling off an ikea kitchen for £150. I then went to ikea and bought new doors/drawers. Solid oak worktops I got off of ebay I think for around £220/50 - we needed 5 meters. I got a beautiful marble fireplace and surround from ebay £80 ad paid the guy £20 to deliver it - I was super lucky with this as it was miles away! I paid a builder to knock out the wall and install and he charged me £180 for the work. We were quoted £1500 by the local fireplace business. We had woodworm in the joists and it cost a couple of hundred to have it cut out, treated and joists replaced.
The biggest cost was actually the garden and it cost £1800 to have turfed and then the other half I paid about £1k for crazy paving and a builder to lay. Got the slabs from a reclamation yard.
Bathroom was completely ripped out and tiled all walls. Prob cost in the region of £600
I am currently redecorating and expect the whole house to cost £1k. I am going to paint the floorboards in our room with a paint called Frenchic. it's fairly expensive but looks great probably costing £40 instead of a few hundred for a carpet.
There's a great page on facebook that is called DIY on a budget. I've found it inspiring enough to crack on with what needs doing!
Just a thought!
Other than that I think there are some costs that can be cut from your regular costs to bring your surplus somewhere a little more comfortable.
JayRitchie wrote: »
When you mention remortgaging do you mean to get a larger amount to clear some of the debts?
Any chance of pay increases?
theoretica wrote: »
You own a caravan and only use it for four weeks a year? Any way you could get it to pay its way for some of the other 48? Perhaps you could sort insurance so a trusted friend or colleague might occasionally hire it or borrow it for favours in kind.
I agree with making sure you finish the work on the house without spending more than you need to.
MrGorsky wrote: »
Income from rental property .........220 net of tax
...claim council tax rebates from Ofgem
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