Tm's MFW ramblings

I hope so Squirrel! They are a family with 4 kids, 3 live with them 1 doesn't (teenage girl fell out with mum), and number 5 is imminent. The rent is paid with HB. Due to the area the property is in, I am unlikely to find tenants who would be working or if they are, they are unlikely to be earning enough to be paying the rent fully themselves. So while some LL are not keen on DSS, I see it that as long as they have the means to pay the rent, I'm not bothered where it comes from. I set the rent at the 3 bed LHA rate for the area - no point charging something that people can't afford.

I didn't set out to become a LL (got trapped in negative equity, although that is no longer the case) and I've not got £££££ signs pinging at the thought of my rental income. However, now that it is finally starting to turn a profit AND I have tenants that pay the rent and want to stay long term.... well I think it'd be silly to give that up.

Still shuffling that 4.79% loan around, trying to swap it to interest free! Have used the BTL tax money (bill not due till Jan) and more Santander 123 card stoozing.

Balance today is £565.01 (with no OPs it would be £6928.56 and 40 months to go!)

I've shifted the remaining £3370 to interest free (I owe Ed one of these :beer: )

Car insurance isn't due until November... I'm tempted to use the 'set aside' money to pay it all off today, then make repaying the car insurance pot the number one job.... off to ring for a settlement figure......

I'm constantly looking. But I'm in the trap of needing to match my current income. So comparable jobs are not high enough salary. Or, if they are, they want specifics that I dont have. I made the mistake of taking on a lot of tasks, projects and responsibilities but without the proper recognition/titles. So on paper I don't look as if I know as much as I do. Plus got screwed over by work and returned from a year mat leave to a position that a school leaver could do . So my previous experience is 3 years old and getting older by the day....my knowledge is becoming out of date.

Over the last two years I've had 3 job offers but none of them could get close financially.

Once we are debt free and childcare free, I can look at taking lower money perhaps.


Home improvement wise. Well! We have managed the downstairs wc replacement (which also included new pipework, plastering and tiling). We've done bits and pieces of decorating and fixing things , and some work to the garden, but nothing huge unfortunately. I've been doing Konmari so have decluttered a LOT. I'm hoping once that process has finished I will have some motivation to do some more decorating

pavlovs_dog, you've prompted me to have a look at the debt balance, as I've not thought about it in terms of those 1% for a little while:

Balance 01/01/2015: £8559.66
Balance 18/06/2015: £5894.65
% paid: 31.13

So we are a little behind target (should be at 32.5% to hit target of 65% paid in 2015), it's £117.27 which I'm not too concerned about, I'm sure we can make that up in the next 6 months. Of course it is now all interest free too whereas it wasn't at the start of the year.

OH, spendy OH, is getting on board a little more with the debt busting. This is momentous news from he who would like to spend every penny on fun :rotfl::T He's been putting extra in the joint account voluntarily meaning we've had a few nice family days out, a few takeaways, but also have a healthy £1k sat aside for wedding bits and pieces. Only 6 weeks to go :eek: I'm pretty sure plenty of that money will be left over, and he wants to put what's left against the debt - woohoo!! :money: