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  • FIRST POST
    • in need of direction
    • By in need of direction 20th Apr 17, 3:59 PM
    • 5,331Posts
    • 31,577Thanks
    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 £72,374.15, target £65,000 by 31/12/18 Offset fund today £377.27 target £5,500 by 31/12/18
    Emergency fund £1,100/5.5k & £200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
Page 56
    • in need of direction
    • By in need of direction 5th Nov 18, 9:32 PM
    • 5,331 Posts
    • 31,577 Thanks
    in need of direction
    can't remember the book title but it's a penny vincenzi
    Mortgage at 01.01.14 £119,481.83 today £72,374.15, target £65,000 by 31/12/18 Offset fund today £377.27 target £5,500 by 31/12/18
    Emergency fund £1,100/5.5k & £200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • Cherryfudge
    • By Cherryfudge 5th Nov 18, 11:13 PM
    • 2,063 Posts
    • 11,945 Thanks
    Cherryfudge
    Financial things are looking positive.

    For some reason people here don't seem very keen on the nightmare client... I for one have concerns that they could drag you down with them, either in work terms or health. Look after yourself: they don't seem to be looking out for you, much as they need you. And if they are determined to fall to pieces, will you gain anything by holding out to the bitter end?
    MFW #30 Paid off £3,535.94/£3000 as of 6/11/18
    • in need of direction
    • By in need of direction 6th Nov 18, 8:39 AM
    • 5,331 Posts
    • 31,577 Thanks
    in need of direction
    I'm extricating, bit by bit but it's happening. One major piece of work fundamentally complete and out for review. I'm also clearing up the desk I have been using. Today I have a morning with another client and will go in around lunchtime.
    I am at another local client today for 10.30 until about 12.30. I have admin stuff to do before that. Also, have 2 half days to deliver elsewhere for other clients. Yesterday I had an enquiry from a previous life client who wants one day a quarter initially for one year. This would be good as between this and my one day a month client, my monthly pay to me would be close to being covered.
    Last night we had more of the pork joint and DH added some to a stir fry that will provide 2 days of lunches. So far that will be 6 meals out of a reduced to £4 joint with the possibility of at least another one if not two.
    I spoke to dd yesterday. She is home this weekend. We are also away Sunday night using a gift voucher for a spa break. She was supposed to be here with the dog but got the dates wrong. She is instead going to leave the dog with her father and we will have to collect her. I am not happy with this arrangement but if we were to bring the dog to where she normally holidays, it'd mean dd would not get that much time with her. Grrrr
    Today I am grateful for
    A deep cleaned house due to the once a fortnight visit
    Getting some stuff cleared at the nightmare
    A bit of breathing space
    Mortgage at 01.01.14 £119,481.83 today £72,374.15, target £65,000 by 31/12/18 Offset fund today £377.27 target £5,500 by 31/12/18
    Emergency fund £1,100/5.5k & £200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Nov 18, 9:21 AM
    • 5,664 Posts
    • 39,914 Thanks
    HairyHandofDartmoor
    Glad you're easing away from the nightmare client.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND = £17
    "Tough times never last, but tough people do" - Robert H Schuller
    • jwil
    • By jwil 6th Nov 18, 12:19 PM
    • 9,201 Posts
    • 29,284 Thanks
    jwil
    I'm glad you are easing away from them too. I've read some Penny Vincenzi in the past and enjoyed them
    "If you can dream it, you can do it". Walt Disney
    • Cherryfudge
    • By Cherryfudge 6th Nov 18, 2:46 PM
    • 2,063 Posts
    • 11,945 Thanks
    Cherryfudge
    Me three.

    Those new leads sound promising, too.
    MFW #30 Paid off £3,535.94/£3000 as of 6/11/18
    • beanielou
    • By beanielou 6th Nov 18, 5:14 PM
    • 57,965 Posts
    • 238,412 Thanks
    beanielou
    Breathing space is always good.
    How lovely to have a spa break to look forward too
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. MFW 2018. No 144
    • in need of direction
    • By in need of direction 7th Nov 18, 8:36 AM
    • 5,331 Posts
    • 31,577 Thanks
    in need of direction
    Spent yesterday morning at the regular client. Then entered the underworld. The contrast is scary. Today I am doing my last full day this week at that client. I will get stuff cleared.
    Yesterday I visited the sparks shop between clients to take account of a money off voucher and an offer on one of dh's favourite foods currently at £2 instead of £2.75 per packet. 5 packets were bought along with some whoopsied items and a contribution towards a Christmas present.
    Tomorrow I am at a new client for the first time so need to update training material. Today I am on the hunt for both a payment and a new commission over lunch with a client. It's my turn to pay but will be fairly cheap. I'm a bit concerned about the payment as they have always been prompt payers and I think the postal system may have let me down.
    DD called last night. She arrives home Friday morning and wanted to know if the car is available for her to borrow on Friday afternoon. I'm glad I have my uses!
    Today I am grateful for
    Finding the right ball to replace a lost one for the dog
    Dinner from leftovers
    Positive feedback
    Mortgage at 01.01.14 £119,481.83 today £72,374.15, target £65,000 by 31/12/18 Offset fund today £377.27 target £5,500 by 31/12/18
    Emergency fund £1,100/5.5k & £200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • in need of direction
    • By in need of direction 9th Nov 18, 7:54 AM
    • 5,331 Posts
    • 31,577 Thanks
    in need of direction
    New client went well. I'm doing another session with them next week so fingers crossed for that. Today I am at a regular client which is nice. Then return home for dd to drop me into the nightmare and to borrow my car as this is her weekend at home. Last night was spent stashing Santa goodies before she has time on her own in the house!
    DH and I worked out voucher availability to buy dS's main Christmas present. Between us, thanks to sb and some other bits and pieces, we need to come up with £30 to get £130 worth of items which I am happy with. It is rare that DS gets or asks for something other than cash which can be more difficult to come up with.
    As usual, I am tired but need to get motoring as I'm due at a client in half an hour or so.
    Today I am grateful for
    Engagement and reporting
    Potato bread for breakfast
    Getting something off my desk
    Mortgage at 01.01.14 £119,481.83 today £72,374.15, target £65,000 by 31/12/18 Offset fund today £377.27 target £5,500 by 31/12/18
    Emergency fund £1,100/5.5k & £200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • Seasidegal58
    • By Seasidegal58 9th Nov 18, 2:28 PM
    • 2,238 Posts
    • 13,820 Thanks
    Seasidegal58
    Wow inod - you've certainly been having a rollercoaster of a ride since I last checked in.

    I do hope you manage to get your OH on board with regard to his financial obligations. I agree with everything that Cherryfudge wrote in her post.

    I'm glad you have finally made the decision to drop the nightmare client. From your posts on his subject it has been painfully clear that this client has been consistently dragging you down and stressing you out no end.

    And I'm so pleased you've decided to hire a cleaner! This will free up your precious spare time no end!

    I've so much admiration for how you cope with your business on your own. I've never been self-employed and have always been used to steady paying employment where I know exactly how much I'm paid each month. I take my hat off to you for your commitment and professionalism in the face of what has been some very difficult times.

    Enjoy your forthcoming spa break with your DD. I love spending time away with mine as we don't live close. And it's great that you've got your old four-footed pal back again to cheer you up!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 07/11/2018 - £1771.05
    MONTHS TO RETIREMENT: 30
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • Buffythedebtslayer
    • By Buffythedebtslayer 9th Nov 18, 9:35 PM
    • 15,336 Posts
    • 51,357 Thanks
    Buffythedebtslayer
    i can never get over how busy you are. It astounds me. Hope nightmare client bogs off soon (and pays a lot of money first). And OH sorts his life out.

    I hope this weekend you get some rest or to do something you really want to do. XXX
    Frugal Living Challenge, Pound a Day challenge, Sealed Pot Challenge Debt 4990 (March)
    • in need of direction
    • By in need of direction 10th Nov 18, 8:46 AM
    • 5,331 Posts
    • 31,577 Thanks
    in need of direction
    So dd is home this weekend but is doing a one off job today. I am dropping her in and going to the Saturday market where I used to be a regular attendee but haven't been in about a year. I probably can't afford it but I wish I could care! I will buy nice bread and will return home for breakfast. I may also visit boots and the sparks shop though whoopsied items are unlikely.
    Today I need to pay personal and business bills. I also need to do some invoicing and some bits and pieces of work. I can also refill the kitchen cupboard with the stuff we took out last weekend to deal with the spill. I need to get DH to check something for me just to be sure I've dealt with an admin thing properly.
    Today I am grateful for
    Dd's safe travel
    Getting a small but difficult to manage task done and dusted
    Snuggles from the dog
    Mortgage at 01.01.14 £119,481.83 today £72,374.15, target £65,000 by 31/12/18 Offset fund today £377.27 target £5,500 by 31/12/18
    Emergency fund £1,100/5.5k & £200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • beanielou
    • By beanielou 10th Nov 18, 1:00 PM
    • 57,965 Posts
    • 238,412 Thanks
    beanielou
    Have a good weekend xx
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. MFW 2018. No 144
    • in need of direction
    • By in need of direction 11th Nov 18, 8:22 AM
    • 5,331 Posts
    • 31,577 Thanks
    in need of direction
    Yesterday was hijacked by a belfast based come dine with me show followed by 4 in a bed. I did go to the market, I did overspend even buying a lamp that has no obvious place to live here. I did no admin, etc but dd and I watched 3 episodes of the new series of Chicago med back to back. Laundry was also done.
    Today I need to get stuff done before heading off for our stay away. I need a list! I was in THE client yesterday for an hour and a half. It was surprisingly quiet.
    Today I am grateful for
    A slight lie in
    Inspiration about how to stop procrastinating
    A pockle round the market
    Mortgage at 01.01.14 £119,481.83 today £72,374.15, target £65,000 by 31/12/18 Offset fund today £377.27 target £5,500 by 31/12/18
    Emergency fund £1,100/5.5k & £200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • Seasidegal58
    • By Seasidegal58 11th Nov 18, 8:10 PM
    • 2,238 Posts
    • 13,820 Thanks
    Seasidegal58
    You sound like you've had a more relaxing weekend inod - even the the nightmare client doesn't appear as bad as usual!

    Enjoy your break!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 07/11/2018 - £1771.05
    MONTHS TO RETIREMENT: 30
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • milann
    • By milann 11th Nov 18, 8:40 PM
    • 1,985 Posts
    • 9,621 Thanks
    milann
    Sounds like life is busy again. Glad your dealings with nightmare client are coming to an end.
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