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  • FIRST POST
    • Dinah93
    • By Dinah93 15th Jun 16, 10:46 AM
    • 11,300Posts
    • 45,567Thanks
    Dinah93
    The Ultimate Incentive muddles along
    • #1
    • 15th Jun 16, 10:46 AM
    The Ultimate Incentive muddles along 15th Jun 16 at 10:46 AM
    Part 12. I have now been limping around these forums for the best part of a decade. I cleared it all, it all came back. It was nearly gone again, and it's grown almost to the max again. Somehow nearing that 16k debt figure always signals a change in the winds, something happens to make our finances go in a better direction for a few months, but then we hit a bump, fall off the wagon, down a cliff and into the deep dark sea. As well as a few maternity leaves and redundancy the biggest bump these last few years has been NIMs depression, where we can have no wages coming into the house for months on end, but also no ability to contribute in other ways so that I can work or even so I can do some home based money making.

    While the depression isn't in the best place right now, we are both committed to making it work as best we can, and my diary has always helped me, with the support and chatter of my amazing threadies. So, time to work out where we stand, and fill you in on what we plan to do about it.
    Debt January 1st 2018 65,773.65
    Debt March 1st 2018 57,572.93
    8,220.23/12.49% paid off
    Met NIM 23/06/2008
Page 37
    • wendz86
    • By wendz86 5th Dec 17, 10:48 AM
    • 7,090 Posts
    • 24,606 Thanks
    wendz86
    Hi,

    Hope Grace is ok after the hospital trip and nearly op, sounds like shes a really brave girl.

    IVA does sound like the best option. Those outgoings really are crazy but sound unavoidable too. We will all be here to support you.

    Archers - congratulations on the new house!

    Having a few childcare dramas at the moment which is fun in the run up to Christmas . Poor childminder ended up in hospital and is out of action for a few weeks. Ex is actually off work too as he had his shoulder broken at work but has now moved away and can't drive . Annoyingly half hour by car but has to get train into london and out again to come over. So now juggling between one of the childminders friends who doesn't do school runs, neighbour is taking Poppy to school in the mornings and my mums coming up to help out some days when ex can't be there. Could be worse but is a bit stressful!
    • Cinny91
    • By Cinny91 7th Dec 17, 8:08 AM
    • 5,878 Posts
    • 25,162 Thanks
    Cinny91
    Glad Gracie is doing ok despite the hiccup at the hospital, but I suppose things like that can't be helped!

    But I'm really sorry to hear you're needing to go down the IVA route, as it did seem like the mortgage one was better suited, I'm sure it'll be a relief to get on a plan and have a proper end date in sight!

    Had an awful weekend and week so far. My brother had a seizure and went into cardiac arrest on Saturday night. He was in a coma until Monday dinner time and is very slowly piecing things together. He can remember up until Friday but his short term memory is shot. Its kind of funny talking to him, it's like he's downed 10 pints and thinks we're in a hotel on holiday, but it's also heartbreaking because it just keeps slapping me in the face how serious this is and how easily we could have been planning a funeral this week.

    Won't lie, I've restarted Christmas shopping to just try and keep myself busy
    • roomontheend
    • By roomontheend 7th Dec 17, 11:14 AM
    • 422 Posts
    • 1,677 Thanks
    roomontheend
    Oh Cinny, that is terrible. Has he had them before? My dd started with them last year, very scary time. But after loads of test they said it is not epilepsy and has been brought on by stress. Think of you x
    Total debt Feb 2012 = 54354.11
    Paid = 22641.01 Current = 31713.10
    Paid = 28,360.07 Current = 25,994.0
    Paid = 29,428.79 Current = 24,925.32
    Paid = 30,277.72 Current = 24,076.39
    Paid =. Current = 22,910.64
    • wendz86
    • By wendz86 7th Dec 17, 11:56 AM
    • 7,090 Posts
    • 24,606 Thanks
    wendz86
    So sorry about your brother Cinny, must be so scary for you all x
    • Cinny91
    • By Cinny91 7th Dec 17, 1:51 PM
    • 5,878 Posts
    • 25,162 Thanks
    Cinny91
    I think the seizure was secondary to his heart problems. At the moment they think it's a faulty valve, something genetic that was a ticking time bomb but because he's never had any issues (fainting etc) it's gone undetected. That must have been so scary for you with your DD, ROTE Especially with it happening a few times? He's having an ICD fitted which will basically kick his heart back into a good rhythm if it happens again.
    • Dinah93
    • By Dinah93 8th Dec 17, 1:42 PM
    • 11,300 Posts
    • 45,567 Thanks
    Dinah93
    Oh gosh Cinny, so scary. How is he doing today?
    Debt January 1st 2018 65,773.65
    Debt March 1st 2018 57,572.93
    8,220.23/12.49% paid off
    Met NIM 23/06/2008
    • jwil
    • By jwil 8th Dec 17, 4:16 PM
    • 8,516 Posts
    • 26,057 Thanks
    jwil

    CAB can arrange a DMP but in our situation it wouldn't be a good fit as we'd be paying it for about 15-20 years as interest keeps being added on.
    Originally posted by Dinah93
    Just delurking - I'm not paying any interest on my (self managed) DMP. I'm not aware of anyone else that is either once the accounts get defaulted.

    There's a DMP thread on here with loads of information, and how to get the best out of them. The good thing is that they are informal and you can sort out your budgets yourself. If you manage to raise any extra you can save it towards full and final settlements which can significantly knock your DFD down even if it looks high to start with.

    It's also worth sending CCA requests to your creditors to see if they are enforceable. Two of mine were unenforceable, and one of them got written off completely (although that is rare).

    Sorry if I'm teaching you to suck eggs and you already know all this, you might find that an IVA is the way you want to go anyway as it does have a definite end date.
    "If you can dream it, you can do it". Walt Disney
    • Cinny91
    • By Cinny91 9th Dec 17, 7:54 PM
    • 5,878 Posts
    • 25,162 Thanks
    Cinny91
    He's coming on leaps and bounds! He understands where he is now, and what happened. He's a little fuzzy on time scales (can easily confuse today with yesterday etc) but who isn't sometimes? He's getting his little gizmo fitted after the weekend and once he's stable following that operation he'll be able to come home

    One silver lining is that his girlfriend finally feels like part of the family, and with all those hours spent at his side with my mum while he was in a coma she admitted how she was intentionally off and put herself between the family and my brother because she was jealous of our closeness. If anyone remembers all those issues we had with her years ago! So that'll be nicer for my Brother when he's home.
    • roomontheend
    • By roomontheend 12th Dec 17, 12:33 PM
    • 422 Posts
    • 1,677 Thanks
    roomontheend
    Oh it must be such a relief to you all. He will be like a man when he gets his lecky washer fixed and has some rest time. The confusion my go on for a while but generally it will fix itself. So will he be out of hospital for Christmas?
    Total debt Feb 2012 = 54354.11
    Paid = 22641.01 Current = 31713.10
    Paid = 28,360.07 Current = 25,994.0
    Paid = 29,428.79 Current = 24,925.32
    Paid = 30,277.72 Current = 24,076.39
    Paid =. Current = 22,910.64
    • Cinny91
    • By Cinny91 27th Dec 17, 8:45 AM
    • 5,878 Posts
    • 25,162 Thanks
    Cinny91
    Unfortunately he wasn't home for Christmas. He's booked in for surgery tomorrow, but this is to either repair/replace a heart valve. I'm hoping they can repair it, I don't like the thought of him being cut open like a watermelon.

    Hope everyone had a nice Christmas! Oscar was completely spoilt with a farm set, ice cream cart and fire engine. His favourite thing, however, is a 6.something postman pat van I bought on a whim during the Black Friday sales. Typical!

    Anyone have any goals/resolutions for 2018?
    • clearmydebts
    • By clearmydebts 27th Dec 17, 10:43 AM
    • 6,093 Posts
    • 17,588 Thanks
    clearmydebts
    Unfortunately he wasn't home for Christmas. He's booked in for surgery tomorrow, but this is to either repair/replace a heart valve. I'm hoping they can repair it, I don't like the thought of him being cut open like a watermelon.

    Hope everyone had a nice Christmas! Oscar was completely spoilt with a farm set, ice cream cart and fire engine. His favourite thing, however, is a 6.something postman pat van I bought on a whim during the Black Friday sales. Typical!

    Anyone have any goals/resolutions for 2018?
    Originally posted by Cinny91
    Sorry to hear he didn't get out for Christmas Cinny. Really hope the op goes well.

    Evie fractured her ankle on the 23rd so we've been pretty much homebound but good excuse to stuff our faces! They didn't ask for much from Santa but were delighted with what they got and have played with every thing which is great.

    2018: as always get rid of as much of the debt as possible and would like to get my kitchen done. We are due tax back so hope to get rid of my credit card and then reduce the limit from 8000 to 2000. That should keep me on the straight and narrow. I would also love to pass my driving test in 2018.

    Have you anything Cinny?
    Total debt (starting September 2016): 19,500/27,000
    BOI credit card: 4,700/7,000
    Loan:14,800/
    Savings: 0
    • kavics17
    • By kavics17 27th Dec 17, 7:25 PM
    • 2,220 Posts
    • 6,371 Thanks
    kavics17
    Sorry to hear about your brother Cinny.

    We have had the best christmas since Leo died. Spent lots of time with new guy, visited his family, my family and played a lot with mini Kavics. She thought everything was magical so mission accomplished I guess.

    I need to make lots of decisions in the new year so decided not to stress about them but face them as they come. I might try to change my job too as I feel really stressed, also will budget month by month. No other ones, just will try to focus on things.
    • wendz86
    • By wendz86 29th Dec 17, 8:32 AM
    • 7,090 Posts
    • 24,606 Thanks
    wendz86
    Sorry to hear your brother wasn't pout of hospital Cinny. I hope the surgery went well yesterday.

    Hope Evie is ok with her ankle too CMD.

    Christmas was lovely here, first one without kids with me all day but I had them till late Christmas day morning and had a lovely relaxing afternoon with my parents.

    Haven't really got any new years resolutions apart from lose the stone I've gained in the last few weeks and try and be less wasteful with money.
    • ruby_eskimo
    • By ruby_eskimo 31st Dec 17, 9:03 PM
    • 2,244 Posts
    • 12,554 Thanks
    ruby_eskimo
    Just de-lurking to say I hope everything went well with your brother's operation Cinny and that Evie's ankle is ok CMD.

    The Tuesday before Christmas I got rear-ended on the motorway on my way to work. Luckily I managed to walk away from it with some aches and pains and nothing too serious but could have been so much worse. Car's been written off and the money they've offered me is more than I thought they would but not enough to replace the car. I'm very lucky that my parents have loaned me some cash to buy a new one which I pick up on Saturday. But it's not exactly what you want just before Christmas!

    Happy new year to you all, here's hoping that 2018 goes a lot smoother than 2017!
    Emergency Fund - 0 / 5,000 :: Decluttering - 0 / 1095
    Sealed Pot 2018 #24 :: VSP #29 - 0:: NSD 2018 - 6 / 200 Weight Loss: 44.6 / 58lbs January GC - 109/ 200
    Engaged 9th December 2010 Married 29th October 2015
    • Dinah93
    • By Dinah93 1st Jan 18, 9:42 PM
    • 11,300 Posts
    • 45,567 Thanks
    Dinah93
    Hope the surgery went well Cinny.

    How is Evie CMD?

    Glad you're okay Ruby.

    New Year, I'm working smarter, not more. If that means sending the 20 boxes of stuff 'for ebaying' to the charity shop, so be it. I've made 3400 in the last 4 days selling places on my courses, and they're not quite full yet. I do have room hire to take off that, and I need a bit more equipment as I increased my class sizes, but I'm still a good 3k in the clear. That's going off credit cards. February hopefully will be not too far behind it. This should be my monthly income going forwards if I focus on work, which would mean we could politely stick two fingers up to IVAs, DMPs and really make headway. The turn around in our finances compared to a month ago has been epic.
    Debt January 1st 2018 65,773.65
    Debt March 1st 2018 57,572.93
    8,220.23/12.49% paid off
    Met NIM 23/06/2008
    • Cinny91
    • By Cinny91 2nd Jan 18, 11:36 AM
    • 5,878 Posts
    • 25,162 Thanks
    Cinny91
    Happy New Year everyone

    Poor Evie, and right before Christmas! And sorry to hear about your accident too Ruby. What rotten luck we've had!

    So lovely to have a positive post from you, Dinah I really hope 2018 is a good year for all of us, but after how your 2017 started I think you're owed a big boost in 2018.

    Brother's surgery was cancelled as there was a flu outbreak on his ward, but he's booked in again tomorrow. So hopefully it doesn't get cancelled a second time.

    No massive resolutions over here. Determined to get this bloody loan paid off, aiming to keep the dining room table for just dining on and not a dumping ground. You know, thrilling stuff
    • Dinah93
    • By Dinah93 2nd Jan 18, 11:56 AM
    • 11,300 Posts
    • 45,567 Thanks
    Dinah93
    Hear you on the dumping ground. Currently we refer to the study as 'the room of doom'. It doesn't help that it doesn't actually have a desk.

    2/4 assignments handed in. Wanted them all in by yesterday but didn't quite happen despite 14 hours going cross eyed on the laptop. Should get 3/4 handed in tonight as it is close.

    122.50 of places sold so far today, sounds like amazing numbers, and it is, but I then go through about 4 weeks with almost no income before the next course opens for booking. It'll be interesting to see what demand remains like after the January bubble, I currently have 80 people booked onto 6 taster workshops in February, if even 25% of them converted onto the full course after half term I don't even know where I would put them!
    Debt January 1st 2018 65,773.65
    Debt March 1st 2018 57,572.93
    8,220.23/12.49% paid off
    Met NIM 23/06/2008
    • wendz86
    • By wendz86 2nd Jan 18, 3:58 PM
    • 7,090 Posts
    • 24,606 Thanks
    wendz86
    Working smarter not more sounds like a great idea Dinah. I think time is worth a lot and you can't work yourself into the ground.

    I have started the month well with a 7 amazon voucher back from delay repay on the trains. Planning to split any money i make between my holiday fund and birthday fund for the girls.
    • Dinah93
    • By Dinah93 2nd Jan 18, 7:51 PM
    • 11,300 Posts
    • 45,567 Thanks
    Dinah93
    Just calculated that if I continue to run the same timetable I have now at 80% occupancy (currently at 96%) for 39 weeks a year (term times), same workshops etc then I'd be earning around 48,000 a year. If I grow it at all the only way is up. That's not a bad wage 1 year into self employment
    Debt January 1st 2018 65,773.65
    Debt March 1st 2018 57,572.93
    8,220.23/12.49% paid off
    Met NIM 23/06/2008
    • Dinah93
    • By Dinah93 3rd Jan 18, 3:39 PM
    • 11,300 Posts
    • 45,567 Thanks
    Dinah93
    New year not so new to do list
    1. register on yoga near me type websites
    2. do lesson plan for assessment
    3. list nearly new sale stuff of good value on ebay
    4. find funding sources for mum
    5. do business plan for mum
    6. Order 4 more strops
    7. Finish Amazon fulfilment printing set up
    8. Label and send items to amazon
    9. Pregnancy yoga assignment
    10. Sent out a random ppi query (very unlikely)
    11. Take complaint to ombudsman/L&G
    12. Plan lessons for new term - renew and restore workshop, yoga shred, pregnancy first few lessons
    13. Complete assignment 6
    14. Order updated flyers
    15. NIM uniform tax claim
    16. 2016-2017 Tax Return
    17. Find somewhere for phone and computer repairs
    18. Set up M&S minimum payment
    19. Shpock wardrobe
    20. Schpock mirror table
    21. Update mailing list
    22. Chase up why NIM is being charged twice for his 3
    23. See if we qualify for different water tariff
    24. Investigate printful
    25. Send old and new power companies meter readings
    26. Sort refunds for all students who need them
    27. Pay pregnancy yoga fees
    28. Pay assessment fee
    29. Sort new car insurance
    30. Post amazon parcels and Christmas present return(mum and I got Ben the same game )
    31. Email potential cover teacher
    32. Loose the plot entirely with Victorian Plumbing
    33. Book Ben onto an activity (gymnastics, french, football... he said biscuits when I asked what he wanted to learn to do)
    34. Create aerial flash cards
    35. Create yoga flash cards
    36. Timetables (yoga & family)
    37. Invoices
    38. Pay mortgage Monday 8th
    39. Pay council tax Monday 8th
    40. Request new bank card.... again
    41. HSBC Credit card payment
    42. Work out all credit card interest rates so I can throw a large chunk of money off the biggest one
    43. Do current debt update, face the sig, feel the fear
    44. Send money to Jane
    45. Pay Andrea
    46. Listen to all messages on both answerphones
    Last edited by Dinah93; 03-01-2018 at 10:57 PM.
    Debt January 1st 2018 65,773.65
    Debt March 1st 2018 57,572.93
    8,220.23/12.49% paid off
    Met NIM 23/06/2008
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