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Nanny
Joined: 17 Feb 2005 Posts: 4520 Location: carms in wales
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judith
Joined: 16 Dec 2004 Posts: 22789 Location: Montgomeryshire
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tahir
Joined: 28 Oct 2004 Posts: 45674 Location: Essex
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sean Downsizer Moderator
Joined: 28 Oct 2004 Posts: 42219 Location: North Devon
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Blue Peter
Joined: 21 Mar 2005 Posts: 2400 Location: Milton Keynes
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Bugs
Joined: 28 Oct 2004 Posts: 10744
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sean Downsizer Moderator
Joined: 28 Oct 2004 Posts: 42219 Location: North Devon
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Posted: Tue Jun 21, 05 1:24 pm Post subject: |
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Blue Peter wrote: |
tahir wrote: |
100% agree, Sean and Andy (selfsufficientish) are prime examples of other equally valid approaches |
Can I ask what Sean and Andy do (should I know )?
Peter. |
Not telling.
Oh alright then.
We lived in SW London until two years ago. Mandy teaches, and I worked for Oddbins (which was where we met, because Mandy worked for them too at that point). For various family reasons Mandy suggested moving to North Devon. She applied for a job in Bideford and got it. I jacked in my 'career' and we moved down here. I now do freelance copy-editing, indexing and proof reading. More importantly I'm around to see my son rather than getting home at 11pm, we've got an allotment, one car (which does about 7000 miles/year), and we shop locally and daily.
It's all good, IMHO, though it's taken a bit of adjustment. And it helps that I really enjoy cooking. |
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Nanny
Joined: 17 Feb 2005 Posts: 4520 Location: carms in wales
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Blue Peter
Joined: 21 Mar 2005 Posts: 2400 Location: Milton Keynes
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jema Downsizer Moderator
Joined: 28 Oct 2004 Posts: 28238 Location: escaped from Swindon
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alison Downsizer Moderator
Joined: 29 Oct 2004 Posts: 12918 Location: North Devon
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tawny owl
Joined: 29 Apr 2005 Posts: 563 Location: Hampshire
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Posted: Tue Jun 21, 05 8:54 pm Post subject: |
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Judith wrote: |
2) Get rid of your debt. And that includes the mortgage. If you have any spare cash - chuck it at the mortgage. It is probably your largest outgoing. Do everything in your power to get rid of it. |
Definitely - should be anyone's top priority. Ignore all the financial advisors, and if you have more than a couple of thou's worth of savings, and in particular, if you're self-employed, switch over to a flexible mortgage. That way, you can put extra money in, and if you need it, take it out again (watch out for supposedly 'flexible' ones that only let you put it in!). In the meantime, you're earning money in interest, which pays off more of the mortgage, and unlike a savings account, because you're using it to pay off a debt, you pay no tax on that interest. It's particularly useful for self-employed people, as you don't have to pay tax until the January after the tax year ends (i.e. for the 2004/2005 tax year, ending April 2005, the taxman gets his cut in January 2006), so you can put all your tax money in there working, and take it out when needed. Even though the APR is generally slightly higher on these, they're still well worth having. |
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tahir
Joined: 28 Oct 2004 Posts: 45674 Location: Essex
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Behemoth
Joined: 01 Dec 2004 Posts: 19023 Location: Leeds
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Andy B
Joined: 12 Jan 2005 Posts: 3920 Location: Brum
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