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  • FIRST POST
    • in need of direction
    • By in need of direction 20th Apr 17, 3:59 PM
    • 4,979Posts
    • 28,638Thanks
    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 £76,508.97, target £65,000 by 31/12/18 Offset fund today £207.27 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 34
    • Cherryfudge
    • By Cherryfudge 3rd Apr 18, 1:16 AM
    • 1,614 Posts
    • 8,532 Thanks
    Cherryfudge
    Belatedly - happy birthday, and welcome to the best decade yet.

    I think most of the northern hemisphere probably needs to get back to healthy eating. Cold weather just isn't conducive to salads and suchlike, is it? Veg soup, on the other hand, is great. I vote for curried parsnip soup when the weather's as cold as it's been recently.

    £500 a month will add up in no time, glad the business can do that for you! (Or rather, you can do it for yourself).
    MFW #30 Paid off £1270/£3770 as of April 2018
    • in need of direction
    • By in need of direction 3rd Apr 18, 9:15 AM
    • 4,979 Posts
    • 28,638 Thanks
    in need of direction
    So I have just had toast and banana for breakfast. Maybe not the healthiest but one of my 5 a day. I really need to get rid of all the junk food from this house. It's just too tempting. DD and DH made great inroads into my work yesterday. Just a pity that I didn't keep pace. Today I need to go on site and also need to claim expenses. The push for bank transactions meant a change in how I dealt with some spends and it's left things all a bit messed up. I also need to restore my office arrangements in the dining room. Lots and lots to be getting on with which is a massive improvement on this time last year!
    Today I am grateful for
    Peanut butter
    Work assistance from family
    Sufficient numbers of work clothes to avoid ironing this morning!
    Mortgage at 01.01.14 £119,481.83 today £76,508.97, target £65,000 by 31/12/18 Offset fund today £207.27 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 3rd Apr 18, 8:04 PM
    • 52,709 Posts
    • 207,017 Thanks
    beanielou
    I have forgotten what healthy eating is. Fact.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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 3rd Apr 18, 10:35 PM
    • 1,648 Posts
    • 7,629 Thanks
    milann
    You've joined the half-century club - I'll leave it later this year. It's not so bad happy belated birthday.
    • beanielou
    • By beanielou 4th Apr 18, 8:13 AM
    • 52,709 Posts
    • 207,017 Thanks
    beanielou
    You've joined the half-century club - I'll leave it later this year. It's not so bad happy belated birthday.
    Originally posted by milann
    Another four years for me til I leave it.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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 5th Apr 18, 12:36 PM
    • 1,861 Posts
    • 11,259 Thanks
    Seasidegal58
    ...and belated happy 50th birthday wishes from me too!
    I left the decade a couple of years ago, but have fond memories of it. My light bulb moment lit up during that time!

    I emphasise fully with regard to weight and junk food lately! Hopefully spring has now started and our mindsets with alter accordingly!

    Good idea on payiing yourself a wage!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 22/04/2018: £575.01
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • in need of direction
    • By in need of direction 6th Apr 18, 10:14 AM
    • 4,979 Posts
    • 28,638 Thanks
    in need of direction
    Thanks all for the good wishes. To make my 50s work, i really need to get shot of the mortgage and create some kind of passive income.
    So, last night was spent working out my expenses for feb & mar to get all dealt with in year. sometimes the only thing that gets me going is a deadline! i have just made my credit card payment, have done a tiny TT of just over a quid to the mortgage and have updated my sig. i'm now off to make some cinnamon and sultana porridge to be consumed while listening to popmaster. then the work of the day can commence
    Mortgage at 01.01.14 £119,481.83 today £76,508.97, target £65,000 by 31/12/18 Offset fund today £207.27 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.
    • Seasidegal58
    • By Seasidegal58 6th Apr 18, 8:08 PM
    • 1,861 Posts
    • 11,259 Thanks
    Seasidegal58
    If a deadline works for you - go for it! You're coming over as very positive!

    The porridge sounds rather healthy, but delish as well. Love porridge!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 22/04/2018: £575.01
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • in need of direction
    • By in need of direction 7th Apr 18, 10:02 PM
    • 4,979 Posts
    • 28,638 Thanks
    in need of direction
    i am so so tired but feel that it's done to an absence of healthy eating. i just feel sluggish. i did however count up and bank my small change that has just been transferred to my mortgage. historybuff worked out that dividing your monthly mortgage payment by 30 gives an approximate figure by which you can take a day off your mortgage term. this means that every £20.34 i can overpay takes me one day closer to being mortgage free. Today I overpaid £13 which was just coppers that were kicking around at home. I'd already overpaid by just over a pound so only £6 to take one day off this month. one day a month off my term is my new mini target. today I did an inbox pounds survey that has gotten my total to £18.74. this is possibly the slowest paying activity I do but should cover my 1 day a month before the year end. i'm hopeful that PA will do this at least every third month also. any ebay profits will also count though we aren't posting until we get back from our next month's holiday. it'd just be too difficult to co-ordinate.
    i did a big shop today to take advantage of my last £8 off voucher from sainsbugs that also got me loads of extra nectar points. i'm not sure but i completely miscalculated and ended up £14 under the needed value at the checkout. i grabbed lots of extra dishwasher tablets to compensate so should make it to the end of the year without needing any more.
    i also returned an unwanted gift and got a gift card that i will probably spend on clothes or smellies. i used to believe that it was wrong to return unwanted gifts. i have decided though that it's worse to keep things that people have committed money to, if they aren't going to be used. money is too hard to come by to be wasted.
    anyhow, today i am grateful for
    stores with good return policies
    being able to make someone smile
    little lasting damage to my car where someone bumped it but didn't say
    Mortgage at 01.01.14 £119,481.83 today £76,508.97, target £65,000 by 31/12/18 Offset fund today £207.27 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.
    • redofromstart
    • By redofromstart 8th Apr 18, 8:28 AM
    • 1,597 Posts
    • 9,525 Thanks
    redofromstart
    Completely agree on the gifts thing.

    I like the historybuff logic on the mortgage, might have to steal that one.
    • parsniphead
    • By parsniphead 8th Apr 18, 9:44 AM
    • 2,408 Posts
    • 15,308 Thanks
    parsniphead
    Belated happy birthday INOD.

    That's very interesting about the mortgage by I have one where I can't just overpay as and when. Its definitely worth doing though as the odd little amounts are almost unnoticeable.
    Don't let yourself be controlled by three things: people, money or past experiences.
    Reds life!!! X
    2018 My year of creation, living life and learning.
    I stopped waiting for the light at the end of the tunnel and lit that b*tch up myself.
    • in need of direction
    • By in need of direction 8th Apr 18, 10:09 AM
    • 4,979 Posts
    • 28,638 Thanks
    in need of direction
    I'm really fortunate with my mortgage as there are no repayment restrictions. Possibly because our rate is 0.16% above base so we aren't a great money spinner for the bank.
    DH just got a pa survey approved and thinks he is close to £20 payout so that will be another amount earmarked as a one day reduction. I really want shot of this mortgage. The original purchase price of the house was £43k in 1990. Various debt consolidations and a costly divorce sees it sitting where it currently is. I really need to get it below the £43k as only then will I possibly be able to stop beating myself up about so many wasted years and pounds!
    Today mr wii and I had our weekly conversation and I'm pleased to note no change. Another area that I need to tackle. Today will be a combination of work work and house work. I have things that must be done by tomorrow so I need to get a wiggle on. First thing though will be a check of the national lottery website, a girl can dream!
    Mortgage at 01.01.14 £119,481.83 today £76,508.97, target £65,000 by 31/12/18 Offset fund today £207.27 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.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 8th Apr 18, 10:41 AM
    • 3,880 Posts
    • 25,841 Thanks
    HairyHandofDartmoor
    I like the mortgage logic too, small overpayments can add up. How many years to pay it off if you don't overpay?
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = £530/Emergency Fund 2 = £0/Loss of Income Fund £0
    • beanielou
    • By beanielou 8th Apr 18, 11:09 AM
    • 52,709 Posts
    • 207,017 Thanks
    beanielou
    100% agree on gifts.

    Yes, if I had still been with ex DH(!) my mortgage would be long gone.
    That really cheeses me off sometimes but it is what it is.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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.
    • jwil
    • By jwil 8th Apr 18, 11:14 AM
    • 8,401 Posts
    • 25,505 Thanks
    jwil
    Ooh, I like the mortgage idea too, that's great. Thanks for sharing!
    "If you can dream it, you can do it". Walt Disney
    • in need of direction
    • By in need of direction 8th Apr 18, 1:38 PM
    • 4,979 Posts
    • 28,638 Thanks
    in need of direction
    HHOD, i really don't know as my bank only gives me the date it would have been without OPing and, apart from last year or so, i had been OPing for about 18 months. Just got inbox£s up to £18.79!
    Mortgage at 01.01.14 £119,481.83 today £76,508.97, target £65,000 by 31/12/18 Offset fund today £207.27 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.
    • Seasidegal58
    • By Seasidegal58 8th Apr 18, 2:36 PM
    • 1,861 Posts
    • 11,259 Thanks
    Seasidegal58
    Good plan on the mortgage inod.

    I agree with you on returning the gift. If you keep it you're only going to clutter your home up with something you don't want. If somebody returned a gift I had bought I wouldn't have a problem with it. Means I wouldn't be wasting my money. That's why I'll I buy vouchers or even give money as gifts if I haven't been given any guidance on what to buy or I'm not sure of personal tastes.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 22/04/2018: £575.01
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 8th Apr 18, 4:02 PM
    • 3,880 Posts
    • 25,841 Thanks
    HairyHandofDartmoor
    I agree about gifts. Most of the stuff I give to the charity shop is gifts and it seems such a waste. I prefer to receive money or vouchers and usually give those too, unless I am very sure of what the person wants.

    Unwanted gifts you give to a charity shop or sell could be benefitting someone else who will love or use them.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = £530/Emergency Fund 2 = £0/Loss of Income Fund £0
    • in need of direction
    • By in need of direction 11th Apr 18, 10:28 PM
    • 4,979 Posts
    • 28,638 Thanks
    in need of direction
    So so tired. I've been flat out work wise all week and tomorrow I head to dublin to work then to limerick to work there on Friday. It's approx 4 hrs driving each day which is just about doable. Saturday morning i need to do a few hours in my poorly but regularly paying client and hopefully that will be me finished with them pre holiday. Monday I'm back near limerick then Thursday I'm in dublin with tues and wed hopefully at home clearing up so much stuff. Yesterday, money was spent on lunch while working at a client site and on a top up shop. This evening dh mentioned holiday money for next week and got a lot of other finance related matters raised with him. Hopefully it'll get him into gear with regard to responsibilities that he's been abdicating. Anyhow, need to sleep.
    Tonight I am grateful for
    Invoices being paid
    A washing machine
    Contact from a former colleague
    Mortgage at 01.01.14 £119,481.83 today £76,508.97, target £65,000 by 31/12/18 Offset fund today £207.27 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.
    • jwil
    • By jwil 12th Apr 18, 4:05 PM
    • 8,401 Posts
    • 25,505 Thanks
    jwil
    Hope you manage to get a rest soon!
    "If you can dream it, you can do it". Walt Disney
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