Renovations and Repayments.
Comments
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Thank you, Daisy. I am taking my time over deciding what is right for me and am not going to be making rash decisions. Today we've switched off from everything and had a day in with our son.
You are right about my parents. I wish I could defend them and say they wouldn't change their mind but I cannot really trust them.2018 totals:
Savings £11,200
Mortgage Overpayments £5,5000 -
Mrs. K. and I have discussed our targets for October. We want to do a little better on the finances front than this month. My wife has suggested we save my director's salary towards doing some more work on the house. She thinks finishing the house properly before moving onto clearing the mortgage is the best idea as we are currently not very committed to clearing the mortgage and halt any overpayments to work on the house. Therefore, she wants to move the renovations forwards and live on her salary (which is doable). I think this seems a good plan, so we're going to try to have a sensible October.
September has seen our spending on clothes and other goods go to the kind of levels we used to spend. A lot of things we've bought we didn't need, we've eaten out a lot and drank far too much wine. So, we're going to draw a line under it.
October targets / financials are as follows:
Director's salary into savings.
Food budget: £400.
Alcohol free days (agreed with Mrs. K.): 21.
Eating out: 4.
Meat free: 10.
NSDs: 10.
Buy son's main birthday present.
Review utility suppliers (contracts expiring soon).
Get a new 'phone (Mrs. K.), no doubt this is going to be an iPhone 8, so getting the best deal there is. To be fair to her she's not upgraded her 'phone in a long time, for the past few years she's had a SIM only contract.
Car spends: £100.2018 totals:
Savings £11,200
Mortgage Overpayments £5,5000 -
My wife has suggested we save my director's salary towards doing some more work on the house. She thinks finishing the house properly before moving onto clearing the mortgage is the best idea as we are currently not very committed to clearing the mortgage and halt any overpayments to work on the house.
Re the teaching, I think there is a lot to be said for carrying on at least until you move schools as I've no doubt you would find the experience very different. If you give up now I think it could be detrimental to you in the longer term (the old 'can't achieve anything' view of the world) so please take that into account when deciding.
As to turning up on your first day wearing your old school tie - what exactly were you trying to achieve? That's the type of thing the old 'superior' Alex would have done - or was it a type of 'comfort blanket' thing? (In which case your lucky pants would have been better :rotfl:).A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effortMortgage Balance = £0"Do what others won't early in life so you can do what others can't later in life"0 -
Delighted to hear that you and MrsK are getting on so well Alex.:) Heartily approve of spending some money on the house. The new bathroom has given a lot of pleasure and comfort. What's next?Re the teaching, I think there is a lot to be said for carrying on at least until you move schools as I've no doubt you would find the experience very different. If you give up now I think it could be detrimental to you in the longer term (the old 'can't achieve anything' view of the world) so please take that into account when deciding.
As to turning up on your first day wearing your old school tie - what exactly were you trying to achieve? That's the type of thing the old 'superior' Alex would have done - or was it a type of 'comfort blanket' thing? (In which case your lucky pants would have been better :rotfl:).
Both very good points gallygirl.
I'm sure you can see that there is a whole lot more in 'old school tie' than simply encouraging the pupils to have pride in their school. It signifies (especially to colleagues) the big divide between your respective likely backgrounds and circumstances. It's why so many people find it hard to listen to lessons in austerity from the likes of Dave, George (aka Gideon) and Boris. You are in a privileged position that you can afford not to be a teacher (or anything else) if you don't want to. You have the back up of the family business and MrsK's salary. Very few teachers are in that position.
I think it highly unlikely that you could be a teacher and only work 40 hours a week. It has the advantage of flexibility that you could work just about 33 in term time on the school premises but there will still be a lot of PPA out of contact hours.
Unless you are going to do a complete about turn from your thinking in recent months then I'm sure you'll not like yourself if you give up the course now. If the development project involves funding from your parents or even MrsK that could become fraught if they decided to pull the strings attached at any point.
Completing the course and getting QTS would give you options. You could decide to do part time work after that which would fit in with any projects.
You're bright, skilled and resourceful so you'd always find a way of earning a living of sorts but you've been dissatisfied with the lack of financial independence from your wife and family before. It would a shame to see it happen again.:)0 -
Also, i’m Sorry to pile on here Alex but in the run up to starting your course you were talking about that a lot, and I don’t remember any mention of new property projects or a new found enthusiasm for the family business. Is it at all possible that the disappointment you are feeling about your course is leading to you jumping on to this distraction that is more in your comfort zone and convincing yourself it could be ‘the answer’?0
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Just popping in to say "Chin up" Alex. Teacher training was a very hard year even as a 20/21 year old.0
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Personally I don't see the point in clearing the mortgage at the expense of living comfortably in your own home. I'm not suggesting people spend all their money on redoing things that don't need replacing, but planned projects in my opinion should be given priority. What are you planning on doing next? And what timescale, bearing in mind how busy you are?
Re the teaching, I think there is a lot to be said for carrying on at least until you move schools as I've no doubt you would find the experience very different. If you give up now I think it could be detrimental to you in the longer term (the old 'can't achieve anything' view of the world) so please take that into account when deciding.
As to turning up on your first day wearing your old school tie - what exactly were you trying to achieve? That's the type of thing the old 'superior' Alex would have done - or was it a type of 'comfort blanket' thing? (In which case your lucky pants would have been better :rotfl:).
Seconded re mortgage. It's great to pay it off early and will save you a bucket load of money but there is (presumably) a plan to pay it off at the right time ie an endowment policy or the repayment method so get the house comfortable before going into over payments too much - no point the house being all your own but it's a broke down wreck of a place rather than a comfortable home lol
Daisy xx2022: 3🏅 4⭐ 2023: 5🎖🏅🏅 🎖🏅6 ⭐⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ Never save something for a special occasion. Every day in your life is a special occasion. Take hold of every moment - anon I'm a clutterbug butterfly 🦋 The difference between what you were yesterday and what you will be tomorrow is what you do today Well organised clutter is still clutter - Joshua Becker If you aren't already using something in your home, you won't start using it more by shoving it in a cupboard- AJMoney0 -
Personally I don't see the point in clearing the mortgage at the expense of living comfortably in your own home. I'm not suggesting people spend all their money on redoing things that don't need replacing, but planned projects in my opinion should be given priority. What are you planning on doing next? And what timescale, bearing in mind how busy you are?
Re the teaching, I think there is a lot to be said for carrying on at least until you move schools as I've no doubt you would find the experience very different. If you give up now I think it could be detrimental to you in the longer term (the old 'can't achieve anything' view of the world) so please take that into account when deciding.
As to turning up on your first day wearing your old school tie - what exactly were you trying to achieve? That's the type of thing the old 'superior' Alex would have done - or was it a type of 'comfort blanket' thing? (In which case your lucky pants would have been better :rotfl:).
Hi Gally,
We are planning to renovate the kitchen and other rooms. The other rooms shouldn't take too much effort but the kitchen will. I don't have a timescale at the moment as we are OK for the moment. Would be nice to have the money there, ready to go when we decide.
I don't really know what to do re. teaching at the moment. I've spent the last few weeks counting down to half term and nothing about it is inspiring me. That's not how I wish to live. There is a part of me saying finish the qualification and try it for a year but another part saying leave without having to pay for the course (£9,250) but use the knowledge I've gained (mainly about myself) to make a better go of the business.
I wasn't trying to be "superior" to anybody. I thought it would be a nice thing to do. Clearly not.Delighted to hear that you and MrsK are getting on so well Alex.:) Heartily approve of spending some money on the house. The new bathroom has given a lot of pleasure and comfort. What's next?
Both very good points gallygirl.
I'm sure you can see that there is a whole lot more in 'old school tie' than simply encouraging the pupils to have pride in their school. It signifies (especially to colleagues) the big divide between your respective likely backgrounds and circumstances. It's why so many people find it hard to listen to lessons in austerity from the likes of Dave, George (aka Gideon) and Boris. You are in a privileged position that you can afford not to be a teacher (or anything else) if you don't want to. You have the back up of the family business and MrsK's salary. Very few teachers are in that position.
I think it highly unlikely that you could be a teacher and only work 40 hours a week. It has the advantage of flexibility that you could work just about 33 in term time on the school premises but there will still be a lot of PPA out of contact hours.
Unless you are going to do a complete about turn from your thinking in recent months then I'm sure you'll not like yourself if you give up the course now. If the development project involves funding from your parents or even MrsK that could become fraught if they decided to pull the strings attached at any point.
Completing the course and getting QTS would give you options. You could decide to do part time work after that which would fit in with any projects.
You're bright, skilled and resourceful so you'd always find a way of earning a living of sorts but you've been dissatisfied with the lack of financial independence from your wife and family before. It would a shame to see it happen again.:)
Thank you, maman. See above re. house.
I wasn't trying to cause any sort of friction between myself and the staff at the school. Clearly they had other ideas and didn't wish to get to know me.
You're right about not being able to do everything needed in 40 hours. At the moment, I have no other time. I didn't think I'd be the one saying this as I believe I did my research and volunteered. However, I wasn't prepared for the environment I've entered into and am not sure I want to gain QTS and work in the school environment. I'm struggling to even get along with pupils.Red-Squirrel wrote: »Also, i’m Sorry to pile on here Alex but in the run up to starting your course you were talking about that a lot, and I don’t remember any mention of new property projects or a new found enthusiasm for the family business. Is it at all possible that the disappointment you are feeling about your course is leading to you jumping on to this distraction that is more in your comfort zone and convincing yourself it could be ‘the answer’?
I don't know, Red Squirrel. However, I don't think it's a bad thing even if I am. Without meaning to be vulgar about it, I could work 25 hours per week and easily clear more than twice a teaching salary just making an effort with the property business. I suppose my attitude of not caring about the money leading up to the course has been thwarted by the realisation of potentially being paid c.£23,000 before tax to work 50+ hours with slow progression to about £32,000 p/a before tax. I hadn't expected this but it seems an insult for the amount of work put in, then that isn't good enough so far as the profession / employer is concerned. I'm sure I'd feel differently if I were enjoying the work but I'm not.2018 totals:
Savings £11,200
Mortgage Overpayments £5,5000 -
smallholdingsister wrote: »Just popping in to say "Chin up" Alex. Teacher training was a very hard year even as a 20/21 year old.
Thank you, smallholding.
I'm really struggling with it, I'm afraid.daisy_1571 wrote: »Seconded re mortgage. It's great to pay it off early and will save you a bucket load of money but there is (presumably) a plan to pay it off at the right time ie an endowment policy or the repayment method so get the house comfortable before going into over payments too much - no point the house being all your own but it's a broke down wreck of a place rather than a comfortable home lol
Daisy xx
:rotfl: The house has been a broke down wreck of a place many year before we even laid eyes on it.2018 totals:
Savings £11,200
Mortgage Overpayments £5,5000 -
October targets / financials are as follows:
Director's salary into savings.
Food budget: £400.
Alcohol free days (agreed with Mrs. K.): 21.
Eating out: 4.
Meat free: 10.
NSDs: 10.
Buy son's main birthday present.
Review utility suppliers (contracts expiring soon).
Get a new 'phone (Mrs. K.), no doubt this is going to be an iPhone 8, so getting the best deal there is. To be fair to her she's not upgraded her 'phone in a long time, for the past few years she's had a SIM only contract.
Car spends: £100.
So much for the food target. :rotfl: My mother went shopping for us and we come home to a bill for £120.2018 totals:
Savings £11,200
Mortgage Overpayments £5,5000
This discussion has been closed.
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