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    • in need of direction
    • By in need of direction 20th Apr 17, 3:59 PM
    • 4,993Posts
    • 28,742Thanks
    in need of direction
    A whole new world, for now
    • #1
    • 20th Apr 17, 3:59 PM
    A whole new world, for now 20th Apr 17 at 3:59 PM
    So, hereís the new thread Iíve been promising myself for a few months. My old one, that served me so well, is http://forums.moneysavingexpert.com/showthread.php?t=4855808

    A potted history of me. Iím 49, live in NI with OH, DD and dog and DS is London based.
    Have been in debt for a lot of my life and came here post personal debt but with the aim to clear my mortgage. I believe DFD to be the right place for me as a lot of whatís outstanding on the mortgage related to consolidation of other debts. The rates were lower and I just didnít consider the payback period.
    Having been a wage slave for some 30 years, I recently jacked in my well paid and secure job for a number of reasons. While I love what I do, I hated the environment in which I did it. I regularly travelled 6 hours a day, on my own time and had to ask others to do likewise. That was the downside about caring for my clients. While I continued, and got others, to deliver at the expense of my home life, my health and my finances, the firm continued to let me. I decided that Iíd sooner have some self respect than stay there. We also had an unexpected and untimely family bereavement last year which sparked the whole ďlifeís too shortĒ train of thought. The downside is this is the first time since I was 17 that I donít have an income and itís a big adjustment.
    To address this, Iíve decided to go the self employed route, for now (hence the title). One problem though is timing. We have booked a holiday in May for OHís big birthday and Iíve decided that is set in stone. We will be travelling half way round the world for two weeks to initially see pandas and then the delights of Tokyo. Weíve only been together just over 10 years so this is really our first landmark birthday to be properly celebrated, we were still bedding in last big date.
    So, work wise, Iíve created my website, taken out a separate mobile contract and opened a business bank account. Iíve also registered with HMRC to keep things tidy.
    Otherwise, since being unemployed, Iíve had a parking ticket refunded, gained a free overnight stay following a complaint to a hotel that disappointed and have signed up for a new loyalty card for my local Co-Op. I also switched to a cheaper mobile service and got my boiler serviced which restored the hot water! First world pleasure that is so easy to overlook. I've donated two bikes to a local charity, done a number of strolls to offload donations to charity shop, claimed topcashback, £20 from PA, £5 swagbucks voucher and am trying to declutter. My last car went with the job so I realised what a paucity of local shops there in despite being only 15 mins by bus from the city centre.
    The lack of car was proving to be an issue for family and other reasons so today we get a PCH car delivered that we have committed to for 4 years. This takes us into the realm of needing to use the mortgage off set savings to fund expenses. It also gives me a minimum level of income to achieve as eating into savings bothers me.
    So, whatís the plan?
    I lodged £2000 in my business bank account at the start of March and most of it is still there. By September, Iíd like to have this repaid to either the savings or the mortgage or to have secured an income stream that will enable that to happen shortly thereafter. Iíd also like a £1k buffer in the business account to make sure that I can take advantage of opportunities as they arise.
    I have applied for a few part time consultancy type posts, been unsuccessful at interview for the first, but will actively seek out these opportunities. Iíve provided associates with my contact details but come June, I will start more actively promoting myself. Iíve sought input from my LA business support services but to little avail so far. Iíve attended a few courses and networking events and will continue with these to keep some kind of a profile and, post holiday, will be creating an event that will hopefully income generate and/or build profile.
    I will continue to seek out vouchers and deals and will try to live cheaply but donít feel I can ask this of the others in the house as giving up the job was down to me. I will also get rid of extraneous items, for cash where possible.
    What I can see is that despite living semi frugally, or so I believed, we wasted A LOT!
    Today my outstanding mortgage is £83,478.58. By 31 Dec, based on just making standard payments, this will be £78,900. My target is for this to be £75,000.
    Today my available off set pot is £3,415.43. By 31 Dec, Iíd like this to be at £5,500.
    The truth is Iíd like the first figure to be a lot lower and the second to be a lot higher but I need to start somewhere.
    We still have our emergency fund intact and hopefully enough in the current account to address our living expenses shortfall at least to the year end. Spends for the holiday are ringfenced with any left overs going on extras for all.
    I have to confess to having what Iíve heard described as an internal Verucca Salt! When I want it, I want it now. I need to learn some restraint both in terms of shopping and also sugar consumption. Itís weird but one thing |I really struggle with is what to have for lunch.
    Anyhow, now that the car is here, Iím off to the dry cleaners and to pick up some groceries as I have a £5 voucher off a £25 shop. I may also buy a new toilet brush!
    Today I am grateful for
    The support I have consistently received from here

    Company from the dog

    E Mail
    Mortgage at 01.01.14 £119,481.83 today £75,897.72, target £65,000 by 31/12/18 Offset fund today £227.27 target £5,500 by 31/12/18
    Emergency fund £0.7/5.5k & £200/200 cash.
    Current weight loss RUBBISH need to refocus
    determined to stop defining myself by my mistakes.
    Progress not perfection.
Page 32
    • Seasidegal58
    • By Seasidegal58 13th Mar 18, 10:44 PM
    • 1,906 Posts
    • 11,681 Thanks
    Seasidegal58
    Your Mothers Day sounded lovely - even down to the doggy card!

    Hope you manage to sort out things evolving from the tiresome Thursday meeting.

    Very good to read your third gratitude though.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/05/2018: £621.59
    MONTHS TO RETIREMENT: 36!
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • in need of direction
    • By in need of direction 15th Mar 18, 7:36 AM
    • 4,993 Posts
    • 28,742 Thanks
    in need of direction
    Had a skype coaching session last night. Had a gentle butt kicking. Where is the progress on my v salt list? Update pending.
    Mortgage at 01.01.14 £119,481.83 today £75,897.72, target £65,000 by 31/12/18 Offset fund today £227.27 target £5,500 by 31/12/18
    Emergency fund £0.7/5.5k & £200/200 cash.
    Current weight loss RUBBISH need to refocus
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • beanielou
    • By beanielou 15th Mar 18, 10:19 AM
    • 53,900 Posts
    • 213,166 Thanks
    beanielou
    v salt list?
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Seasidegal58
    • By Seasidegal58 15th Mar 18, 9:42 PM
    • 1,906 Posts
    • 11,681 Thanks
    Seasidegal58
    v salt list?
    Originally posted by beanielou
    ??? - me too!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/05/2018: £621.59
    MONTHS TO RETIREMENT: 36!
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • Cherryfudge
    • By Cherryfudge 15th Mar 18, 11:14 PM
    • 1,699 Posts
    • 9,116 Thanks
    Cherryfudge
    Where is the progress on my v salt list? Update pending.
    Originally posted by in need of direction
    I'm guessing the charming Veruca Salt from Charlie and theChocolate Factory who was accustomed to getting her own way?
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • in need of direction
    • By in need of direction 15th Mar 18, 11:59 PM
    • 4,993 Posts
    • 28,742 Thanks
    in need of direction
    That's it exactly. I drew it up and posted it here a few months back. I need to resurrect and update.
    Mortgage at 01.01.14 £119,481.83 today £75,897.72, target £65,000 by 31/12/18 Offset fund today £227.27 target £5,500 by 31/12/18
    Emergency fund £0.7/5.5k & £200/200 cash.
    Current weight loss RUBBISH need to refocus
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • in need of direction
    • By in need of direction 16th Mar 18, 7:55 AM
    • 4,993 Posts
    • 28,742 Thanks
    in need of direction
    I currently have a very demanding lodger. It's called anxiety and appears to want attention at all hours of the day and night. I am tired! However, today I have a well paid morning's work, a catch up lunch with a friend followed by the chance to get a report over the line and off my desk. I will also hopefully get some feedback on a number of emails. I do however need to get a wiggle on. Today I am grateful for
    A money off voucher from b&q. It was used to purchase the paint needed to cover the replastered parts of the kitchen after this year's boiler expense
    Starting to make headway
    Potato bread for breakfast
    Mortgage at 01.01.14 £119,481.83 today £75,897.72, target £65,000 by 31/12/18 Offset fund today £227.27 target £5,500 by 31/12/18
    Emergency fund £0.7/5.5k & £200/200 cash.
    Current weight loss RUBBISH need to refocus
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • beanielou
    • By beanielou 16th Mar 18, 9:11 AM
    • 53,900 Posts
    • 213,166 Thanks
    beanielou
    As a fellow anxiety sufferer I do like the description of a very demanding lodger
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Cherryfudge
    • By Cherryfudge 16th Mar 18, 9:12 AM
    • 1,699 Posts
    • 9,116 Thanks
    Cherryfudge
    Lots of sympathy over the anxiety: it comes here too from time to time (thankfully not as often as it did). Horrible beastie. I hope your lunch with your friend gives you a break from it.

    Enjoy the newly-painted kitchen too!
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • beanielou
    • By beanielou 16th Mar 18, 9:12 AM
    • 53,900 Posts
    • 213,166 Thanks
    beanielou
    Oh & have a good day
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • doingitanyway
    • By doingitanyway 16th Mar 18, 7:33 PM
    • 3,005 Posts
    • 14,700 Thanks
    doingitanyway
    potato bread for breakfast. total yum
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • redofromstart
    • By redofromstart 16th Mar 18, 8:14 PM
    • 1,674 Posts
    • 9,975 Thanks
    redofromstart
    That is a brilliant description of anxiety, beats my 'sense of impending doom'. I shall steal that for future use.
    • Seasidegal58
    • By Seasidegal58 17th Mar 18, 6:11 PM
    • 1,906 Posts
    • 11,681 Thanks
    Seasidegal58
    I hope you have managed a good night's sleep last night inod and have managed to evict your "lodger."

    Have to agree - potato bread sounds tasty!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/05/2018: £621.59
    MONTHS TO RETIREMENT: 36!
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • in need of direction
    • By in need of direction 19th Mar 18, 10:28 AM
    • 4,993 Posts
    • 28,742 Thanks
    in need of direction
    A tough few days. Two of the clients of the charity I work with died. They were both 23. I can't imagine what their families are going through. It does bring home though that debt can be dealt with. It seems so bad at the time but there is a way back.
    Today I am grateful for
    Paths taken that keep my family safe. What happened to these two could and does easily happen to so many others.
    Mortgage at 01.01.14 £119,481.83 today £75,897.72, target £65,000 by 31/12/18 Offset fund today £227.27 target £5,500 by 31/12/18
    Emergency fund £0.7/5.5k & £200/200 cash.
    Current weight loss RUBBISH need to refocus
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • Dolly Rocker
    • By Dolly Rocker 19th Mar 18, 11:09 AM
    • 3,740 Posts
    • 10,694 Thanks
    Dolly Rocker
    Oh my god that is awful, the poor families.

    Dxxx
    CWP start 16st2lbs, current 13st13lbs, lost 31lbs

    Debt start £6,649.97, current £5,950.00, paid £696.97

    17th April 2018 - I have 5 Nationwide Referrals available, PM me if you want £100 to switch accounts
    • jwil
    • By jwil 19th Mar 18, 2:33 PM
    • 8,503 Posts
    • 25,992 Thanks
    jwil
    That's so sad
    "If you can dream it, you can do it". Walt Disney
    • Cherryfudge
    • By Cherryfudge 19th Mar 18, 3:10 PM
    • 1,699 Posts
    • 9,116 Thanks
    Cherryfudge
    Terribly sad, and hard for you too. {{hugs}}
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • beanielou
    • By beanielou 19th Mar 18, 7:41 PM
    • 53,900 Posts
    • 213,166 Thanks
    beanielou
    A tough few days. Two of the clients of the charity I work with died. They were both 23. I can't imagine what their families are going through. It does bring home though that debt can be dealt with. It seems so bad at the time but there is a way back.
    Today I am grateful for
    Paths taken that keep my family safe. What happened to these two could and does easily happen to so many others.
    Originally posted by in need of direction
    Blimey.
    That brought me out in shivers.
    As you say I am also grateful for paths that keep my DS safe.
    There but for whatever go any one of us. xx
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • milann
    • By milann 19th Mar 18, 8:31 PM
    • 1,700 Posts
    • 7,920 Thanks
    milann
    Certainly puts things into perspective....
    • beanielou
    • By beanielou 19th Mar 18, 9:37 PM
    • 53,900 Posts
    • 213,166 Thanks
    beanielou
    Certainly puts things into perspective....
    Originally posted by milann
    It does indeed.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
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