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  • FIRST POST
    • Bobarella
    • By Bobarella 25th Jul 16, 7:16 PM
    • 10,441Posts
    • 69,775Thanks
    Bobarella
    Budget Wars - A New Hope (with apologies to George Lucas)
    • #1
    • 25th Jul 16, 7:16 PM
    Budget Wars - A New Hope (with apologies to George Lucas) 25th Jul 16 at 7:16 PM
    A New Hope is a very fitting title for my first ever DFW diary. For the first time in around 18 months I really have hope. I am one of those people who has always seen September as the start of the year. Because of back to school I suppose. And this year is the first September I can honestly say I am 100% looking forward to in years.

    My situation is complicated but to simplify, I took the enormous step to not only become self employed but to sell my family home to finance my new business in 2011. I turned my back on a very well paid career to go out on my own.
    In that period I have had many challenges. Gone to hell and back owing wages and HMRC. Dont worry the wages were paid back long ago as quickly as I could. And I repaid HMRC.
    The stress of being responsible for other peoples lives is intense if you've never been there. At my lowest point I deactivated my voicemail to avoid the energy company being able to contact me.

    At one point I owed around £40,000 all business related. Primarily on a loan, but some CC.

    Time and again I bashed my head against my mental bars and wondered if I could physically carry on. But I did. Through hell and high waters. Quite literally in fact....

    This last year has not been easy. I worked as the sole employee of my business during my entire pregnancy with DD and went into labour whilst still at work. When my baby was 4 months old I got seriously ill and spent a week in hospital. My lovely FIL was diognosed with the big C 2 months ago. And life has wobbled along precariously as always.

    The reason for my new hope is I finally made a big decision. To stop the business I am running & build another. It wont be easy but it will get me out of the hole I am in & allow me to take on paid employment around the new business. I have 4 days left of my old situation and then good night vienna!

    I love MSE. It and the people of it have been such a comfort. And now I am hoping to use this diary as a place for me to record my baby steps towards a life less stressful, adrenaline filled & chaotic.

    Bob
    Last edited by Bobarella; 25-07-2016 at 7:34 PM.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
Page 97
    • paj1193
    • By paj1193 20th Sep 17, 7:47 PM
    • 6 Posts
    • 13 Thanks
    paj1193
    Good luck and I hope to see a post in the near future about your successes
    • apple muncher
    • By apple muncher 20th Sep 17, 8:20 PM
    • 7,469 Posts
    • 56,257 Thanks
    apple muncher
    Thank you for sharing your news bob. I have everything crossed for you x
    NST Survive July #4; NSD 9/15; Ex 13/20 ; craft / (77); remove 29 (509)
    2018 Pay off: £2334; 2
    018 sell £49.10; WLOSW /10

    Mortgage £20,809 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • f0xh0les
    • By f0xh0les 20th Sep 17, 8:51 PM
    • 1,548 Posts
    • 12,788 Thanks
    f0xh0les
    Glad you are back, missed you.
    MFW START DATE May 16 £118,340 : Oct17 - £109,495.00Dec17 £108,800Jan 18 £108,392.98 March 18 £108,504.72April £108,099May £106,999June 105,999.99
    July 105,300.00
    NEXT GOAL is sub £105k before JulyMortgage-free wannabe 2018 #65
    • Hiddenidenity
    • By Hiddenidenity 20th Sep 17, 9:04 PM
    • 5,213 Posts
    • 26,743 Thanks
    Hiddenidenity
    Glad you are back, missed you.
    Originally posted by f0xh0les
    Me too!!

    Fingers crossed all that looks good on the horizon comes off and you are back to life being slightly easier as soon as possible!

    x
    • UncannyScot
    • By UncannyScot 20th Sep 17, 9:09 PM
    • 1,503 Posts
    • 8,407 Thanks
    UncannyScot
    Good positive vibes Bob
    Glad your back, missed ya
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Purplemumof2
    • By Purplemumof2 21st Sep 17, 5:18 AM
    • 6,179 Posts
    • 22,697 Thanks
    Purplemumof2
    Morning Bob,

    Sounds like things may be turning a corner, I have everything crossed that the surveyors get the rates reduced.

    Lovely to see your post xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6130.00 Cap 1: £305.35 BC: £TBC

    POAMAYC 2018 #041 PD £6559.32/£7000
    Savings for Christmas £191.84/£365
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • parsniphead
    • By parsniphead 21st Sep 17, 5:25 AM
    • 2,526 Posts
    • 16,121 Thanks
    parsniphead
    Fingers crossed Bob. I hope this goes the way you want.
    My mini challenge: pay off MBNA by 31/08/18. £502/£502 100% (paid off 30/06/18 - 2 months early )
    Next small debt victim £20/£367 - you're going by 31/08/2018
    Total outstanding consumer debt - £735.68/ £7864.52 9.3%
    • kirtsypoos
    • By kirtsypoos 21st Sep 17, 11:30 AM
    • 3,424 Posts
    • 15,000 Thanks
    kirtsypoos
    The rates thing sounds amazing, everything crossed that it comes off for you, you really do deserve a break! x
    PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Original Debt: £0/31010.23 (100% paid)
    Mortgage - £158.500.00 (2017/2018 O/P £3491.79) PAYDBX 17 - £18,442.82
    PAYDBX 18 #006 £3850.92/£4000
    • enthusiasticsaver
    • By enthusiasticsaver 21st Sep 17, 1:38 PM
    • 6,679 Posts
    • 14,163 Thanks
    enthusiasticsaver
    Just caught up on your diary Bob and really sorry you are having a tough time particularly with a little one to look after. Self employment is a minefield I was never brave enough to embark on. You are so dependent on other people doing what they say they will do and as we know they often don't come through. I hope at least you manage to get your rates bill reduced and your cash flow improves somewhat.

    Does your local council have a self employed traders committee or group or something where you could put out feelers to share experiences/contacts etc?

    As you say it is difficult to call time on it and try to go for working for someone else until you know the business is completely dead. The ups and downs must be completely frustrating. Perhaps it might be easier when your daughter has some paid nursery hours so you could have some back up employment to your business?
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Bobarella
    • By Bobarella 21st Sep 17, 2:31 PM
    • 10,441 Posts
    • 69,775 Thanks
    Bobarella
    Just caught up on your diary Bob and really sorry you are having a tough time particularly with a little one to look after. Self employment is a minefield I was never brave enough to embark on. You are so dependent on other people doing what they say they will do and as we know they often don't come through. I hope at least you manage to get your rates bill reduced and your cash flow improves somewhat.

    Does your local council have a self employed traders committee or group or something where you could put out feelers to share experiences/contacts etc?

    As you say it is difficult to call time on it and try to go for working for someone else until you know the business is completely dead. The ups and downs must be completely frustrating. Perhaps it might be easier when your daughter has some paid nursery hours so you could have some back up employment to your business?
    Originally posted by enthusiasticsaver
    Hello ES

    Thanks for your post.

    I have been ramping it up on the networking front lately to meet others in a similar boat, not sure if the council do much to be honest.

    The issue I have is I wont get a second go, so there is no good trying to do it all again when I do get any nursery hours. Its a now or never situation for this particular business. Because I spent a fortune doing it up in the first place. If I cant afford to keep it, the keys go back to the landlord and I walk away with nothing but experience, and a few extra wrinkles.... that is why it is doubly hard, because I either keep going or stop and say enoughs enough, and really Im the only one who knows if I should do that. And I dont!

    Undoubtably things would be a million percent easier if I did have some child care, but I cant hide behind that as the reason it didn't work if it wont. It is the business itself.

    And on that note whizzing off on the school run!

    Take care

    Bob
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • mummytogirls
    • By mummytogirls 21st Sep 17, 4:38 PM
    • 6,189 Posts
    • 22,758 Thanks
    mummytogirls
    Oh Bob, I really hope things pick up soon for you. Fingers crossed on the rates, that will be a step in the right direction xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £5419.83 - 08/04/18 - 76.61% paid off
    • crazy_cat_lady
    • By crazy_cat_lady 21st Sep 17, 6:19 PM
    • 3,600 Posts
    • 30,858 Thanks
    crazy_cat_lady
    So lovely to hear from you Bob - although sorry times are still tough. My fingers are very firmly crossed for good news on the rates front.
    June Odessy NSD 6/10 DFD 6 Nov 15 - paid £28,447
    • Seasidegal58
    • By Seasidegal58 21st Sep 17, 7:22 PM
    • 2,030 Posts
    • 12,541 Thanks
    Seasidegal58
    So pleased to see you posting again bob. Hope all goes well with the appeal.

    SSG x
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/07/2018: £776.27
    MONTHS TO RETIREMENT: 34!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • Scott_Weiland
    • By Scott_Weiland 21st Sep 17, 7:42 PM
    • 779 Posts
    • 2,030 Thanks
    Scott_Weiland
    Great to see you posting Bob
    Cashback Earnings YTD £46.04 Survey Earnings YTD £182.66
    "Always always train, be the best version of you that you can physically be"
    • f0xh0les
    • By f0xh0les 22nd Sep 17, 2:07 PM
    • 1,548 Posts
    • 12,788 Thanks
    f0xh0les
    Experience is never wasted Bobs.

    Whether you continue or not.

    Hugs.
    MFW START DATE May 16 £118,340 : Oct17 - £109,495.00Dec17 £108,800Jan 18 £108,392.98 March 18 £108,504.72April £108,099May £106,999June 105,999.99
    July 105,300.00
    NEXT GOAL is sub £105k before JulyMortgage-free wannabe 2018 #65
    • greent
    • By greent 27th Sep 17, 10:35 PM
    • 7,148 Posts
    • 72,734 Thanks
    greent
    Glad to see you back on here again, Bob. Have you G00gled the people looking at the rates? - I only ask because the charity I was a trustee and treasurer for had a very similar offer from a company re our rates. I searched them and found conflicting reviews but the most worrying bit was that not everything they had promised was true. They became quite a pest, phoning myself and other trustees at least once a week and not really taking no for an answer. They were very much of the ppi-chaser type company (they also do that as well - in fact have tv ads for it) - not saying yours is for one minute, but it's just a possible heads up for you - and I hope that isn't the case & that it is all successful. xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £542.92/£1000 PAYDOX18 (#15) Done £18918.90
    • Bobarella
    • By Bobarella 3rd Oct 17, 11:18 AM
    • 10,441 Posts
    • 69,775 Thanks
    Bobarella
    Glad to see you back on here again, Bob. Have you G00gled the people looking at the rates? - I only ask because the charity I was a trustee and treasurer for had a very similar offer from a company re our rates. I searched them and found conflicting reviews but the most worrying bit was that not everything they had promised was true. They became quite a pest, phoning myself and other trustees at least once a week and not really taking no for an answer. They were very much of the ppi-chaser type company (they also do that as well - in fact have tv ads for it) - not saying yours is for one minute, but it's just a possible heads up for you - and I hope that isn't the case & that it is all successful. xx
    Originally posted by greent
    No, didnt google them. Didnt even think to. Well they have my money now so no point worrying (about that at least)
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • Bobarella
    • By Bobarella 3rd Oct 17, 11:33 AM
    • 10,441 Posts
    • 69,775 Thanks
    Bobarella
    Morning

    Not the best of updates (again) just seem to be struggling and struggling and not getting anywhere. I am taking money, but its not enough. My enquiries for last month went up by around 20 on the month before, and some of them are incredible. But they dont come off. I seem to end up with the chaff all the time, and even then have to chase around for the few pennies that they owe me. Some people literally have no conscience.

    We don't have enough in our family budget to go around. So its like one thing is infecting the other, we keep bailing out the business, so we have no money, but the business bills must be paid, so we bail it out.

    I have had a major equipment failure again since I last updated. Which means another large bill coming my way today, I don't yet know how much, and hopefully it can even be fixed.

    Literally drowning here. The problem is, I know I need to find other paying work. But trying to do that when you have limited hours in the day, a child to look after who doesnt nap, a failing business to run, makes it sickeningly impossible. I have ventured onto various sites and the sort of money I could get makes it completely impossible with childcare.

    Things are so bad, I just feel backed into a corner and cant see how anything can end well.

    We had a family emergency yesterday, all fine now, but that pointed out to me from the emails and messages I was still getting, that people dont care a jot about me, its only them. Thats people im working with btw not just generally.

    We are broke, everything is complicated and difficult, and right now I just cant see a way out that makes anything remotely easier.

    Im writing this update for me to just have a place to vent to be honest, rather than for any replies.

    I just really wish something would happen that would get me out of here!

    Bob
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • sweetpea26
    • By sweetpea26 3rd Oct 17, 12:05 PM
    • 707 Posts
    • 4,657 Thanks
    sweetpea26
    I am so sorry to hear that you are going through so much Bob. You are always so thoughtful when replying to all on this forum. I sincerely hope and pray that you can find a resolution. God bless.
    • kirtsypoos
    • By kirtsypoos 3rd Oct 17, 12:13 PM
    • 3,424 Posts
    • 15,000 Thanks
    kirtsypoos
    I honestly don't know how you cope Bob, I truly hope things turnaround soon for you - Lord knows, you deserve it!
    PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Original Debt: £0/31010.23 (100% paid)
    Mortgage - £158.500.00 (2017/2018 O/P £3491.79) PAYDBX 17 - £18,442.82
    PAYDBX 18 #006 £3850.92/£4000
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