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I'm continually skint!

Discussion in 'Personal' started by DrResource, May 15, 2019.

  1. towncryer

    towncryer Senior commenter

    I would recommend making a list of your income and out goings every month...then see what,if anything , you can cut back on.
    Do house sitting for holidays...that way you get to go away without having to pay for accommodation.
    Afterdark's suggestion to work overseas is also a good one but it depends on your circumstances and also whether you stick at it. Many people do very nicely from a good overseas package but there are some who end up broke just the same.
    Learning to budget is the best suggestion.
     
  2. sbkrobson

    sbkrobson Star commenter

    Yes, my answer is in fact the only unhelpful one here and I am very sorry, I ought to know better.
     
  3. Ivartheboneless

    Ivartheboneless Star commenter

    Ungrateful wretch! There is loads of very practical and workable help on here. Your original post did not read as anything other than a moan. What did you expect, a gift of money?
     
  4. EmanuelShadrack

    EmanuelShadrack Star commenter

    I'm just finishing a children's book too.

    It's called "The Very Hungry Caterpillar". Can't wait to find out what happens in the end.
     
  5. Mangleworzle

    Mangleworzle Star commenter

    One problem is that the authors of such resources often lift pictures and diagrams from elsewhere and use those in the items they are trying to sell. Every now and then I have to do a trawl through TES resources which usually leads to a number of them being deleted for breach of copyright. Selling other people's work is really not very nice.
     
  6. border_walker

    border_walker Established commenter

    But does seem to be a bit of a Wild West area.
     
  7. HolyMahogany

    HolyMahogany Occasional commenter

    No one goes into teaching expecting to get rich and now, no ones going into teaching.
     
  8. mothorchid

    mothorchid Star commenter

    It can be a grind if you constantly feel a worry about money.
    How aware are you of exactly where your money goes? Or of how much things add up. For example, a takeaway every Friday for £25 (for two) is well over £1000 a year, even if you don't do it during holidays. A takeaway coffee every day for most of a year is over £500. And a night at the cinema once a month can be £250 a year or so, depending on ticket prices. I'm not saying you shouldn't have a nice life, just that sometimes we don't realise how much we spend on things.
    Do you have Sky or Netflix? How much do you watch them? Is your phone tariff the best one? And internet, electricity, gas etc can be reviewed too.
    Do you have a room you could let out to foreign students in the summer? Or to ITT students during term?
    What about your car? Are you paying finance or is it owned?
    What about your credit card? Are you paying it off in full each month or are you paying interest on it? If you have a balance you want to pay off over six months or so, find one of those "no interest for the first three month" deals and switch. Then do it again. Pay off an amount you can afford each month and the balance will go down.
    Lots of ways to re-jig things and save, although it may take a little research to do it.
     
  9. border_walker

    border_walker Established commenter

    have always thought that not paying with cash means people are less in control of their finances. when wages were put in different jars to pay for essentials, and what was left was "spending" money things worked better. Plus there is a different meaning for essential spending now. Compared with my earlier generations we are all well off now.
     
    towncryer likes this.
  10. schoolsout4summer

    schoolsout4summer Star commenter

    Teaching - especially Primary, is a vocation. We do it for the love of the job, not financial reward.
    What's wrong with foodbanks, charity shops and Poundland?
     
    aypi and towncryer like this.
  11. theselofane

    theselofane New commenter

    Times have changed and it was not always like this. Maybe think of finding other ventures that could lead to an income such as research, writing, private turoring...
     
  12. Duke of York

    Duke of York Star commenter

    I've read this thread with interest and thought back on the times when I was skint, the things that caused it and what I had to do to survive. Certainly the advice to shop around to reduce unnecessary expenditure is sound and that's something I had to do, but it's interesting the sort of things being suggested where money can be saved, as many of those things never existed in the years I was mostly struggling.

    One thing that really helped me get through was not having anything credit other than the mortgage. Alarm bells rang for me when the OP said he always goes into the red by the end of the month. Believe me, there's nothing that focuses the mind more on living within your means, when there isn't the safety valve that credit provides. What isn't there can't be spent. Every penny paid in interest this month makes life a bit more difficult next month and over time, it becomes crippling.

    I survived the absurd mortgage rates of the Thatcher years, because not only did we live like church mice to save money, but I was lucky enough to have the technical skills to repair anything in the home that broke down, so we never went without a car, heating or a washing machine etc etc etc, nor had to pay to have them fixed.

    The thing that finally ended the living hand to mouth situation for me, wasn't saving money, but increasing my income by having something else going on, other than the day job. It was like flipping a switch that took me to the next level and ultimately led to my giving up the day job.

    Having experienced the difference the extra income made, if I lived my life over again, it would be the first thing I would be looking to do and long before I felt the pinch.

    There is a tendency to dismiss low status jobs, but there are plenty of them around if you are prepared to take them. If you are able to get into the mindset that you are prepared to do anything and prepared to put in the hours to top up your income, there's money to be made.

    Here's an example. In the village I last lived, we had a sub branch of a bank. The guy that managed the sub branch had a decent enough job, but you'd find him behind the bar at the village pub several evenings a week.

    My brother in law trained as a draftsman and eventually got a good job in the council planning dept, checking that building plans complied with the regulations. My sister worked as a secretary. When they were skint they did a pools round, worked in a petrol station in the evenings. Basically they would take any money-making opportunity they could.

    They had three kids who they doted on and worked tirelessly to earn whatever money was needed to give their kids the best start in life. There's another story for a different thread about whether their efforts were worth it, but what's relevant for this thread is that the main jobs were respectable ones and the menial ones that supplemented their incomes enabled them to send their kids to private schools and move up the housing ladder.

    Has anyone trapped in the situation the OP describes considered that there are places you can't get a window cleaner for love nor money, nor know where to find a gardener. What about our aging population who need someone to come in once a week to help run a hoover round their home, get their shopping and do their washing for them?

    I manage an estate for people in retirement who need people to help them out with simple things so they can continue to live independently. It's hard work finding people to do this stuff. Nobody is knocking on my door offering these services. I'm only to get people to do it by asking around my colleagues if they know someone prepared to take it on or by tempting the regular cleaning and gardening contractors to take on a bit more, by tempting those who earn a few bob by doing a bit of cleaning and shopping for their elderly clients, to take on another client.

    There's money to be made in all sorts of stuff. Money that can take anyone out of poverty if they are prepared to take on work that doesn't require a degree to get a job in, or that those with degrees consider too demeaning to consider.

    What's it all about?
     
  13. racroesus

    racroesus Star commenter

    If I shopped around to replace Maleficent my days on this Earth could be numbered in small single digits.
     
    Dragonlady30 and sodalime like this.
  14. peakster

    peakster Star commenter

    There are times when we have been pretty skint - but we learned to cut our cloth accordingly and budget properly. Sacrifices do indeed have to be made sometimes.
     
  15. Duke of York

    Duke of York Star commenter

    It has never been a hardship for me to do without a mobile phone. Indeed when I had to have one for business purposes, I sought out places to be outside business hours where there wasn't any reception.

    It's possible to survive without this nonsense draining money out of your bank; and if you give it a try for a while, you'll end up wondering what the bleedin' point of having one was.

    For me as someone who had to travel to earn a living and to be pestered with calls all day long, it was a blessed relief to find a place to stay in where the sodding thing didn't work. I'd try to end my working day staying in a pub rather than a hotel, so I had the chance to talk with ordinary people about what mattered to them.

    Thankfully I was able to give up the traveling job and move on to something that engages the brain even more, but the one thing I learned from my traveling days is that there's so much more that matters to people other than Brexit. You'll never find that out if all you ever do is be glued to your phone screen and read the news and the online discussions.
     
    border_walker and towncryer like this.
  16. Mrsmumbles

    Mrsmumbles Star commenter

    No, that’s the back page of Private Eye for that one, mate...:D
     
  17. jubilee

    jubilee Star commenter

    Have clear out at home and go to a car boot sale or sell stuff on eBay.
    If you go out once a week, reduce to once or twice per month. We went nearly two years without going to a pub, cafe or restaurant when we were struggling financially with our first child (I was not a teacher then).
    Cancel gym membership (or don't renew it).
    Ask for money or vouchers (from those who are close to you) instaed of presents at Christmas and birthdays or suggest a mutual cessation of buying each other unnecessary presents.
    Deliver a local Advertiser. You have about 3 days to choose from for deiveries once per week, so can fit it in to suit, or when the weather suits. Deliver weekend newspapers. It's all cash in hand, I believe.
    Enter competitions online.
    Use Topcashback or similar for all sorts of purchases (utilites, insurance, retail, travel) I got back several hundred pounds that way last year.

    Instead of running an after-school club, leave on time and do paid tutoring.
    If you do a lunch duty, insist on getting paid for it as well as getting a free meal, as the lunch break is your unpaid time and not part of Directed Time.

    Do weekend shifts as a Casual on the Xmas post, starting in late October or early November.
    Do weekend work at a supermarket and get staff discount on your groceries as well.

    I'm 65 and went overdrawn at my second bank account last month. I'd forgotten about a magazine's annual renewal so had moved surplus money into a connected savings account. I only have the account because I earn £36 per year from monthly credit balances. It was the first time in my life that I've gone into a chargeable overdraft!

    Have you been claiming tax relief on your Union subs? You can go back 4 tax years if you haven't done so. Ask your union which part of your subs is tax-deductible (their political levy isn't) and get them to list the eligble payments for the 4 tax years to April 2019, and then write a simple letter to HMRC SPECIFYING THE ELIGIBLE AMOUNTS FOR EACH TAX YEAR and telling them that you want the money refunded as a lump sum (give bank account details). Otherwise they increase your tax code and you get the rebate in dribs and drabs in your pay each month.

    If you teach a subject (even just occasionally) that requires specialist clothing (PE kit, lab coat etc) that you have to launder and replace and which are exclusively for use at work, claim the Uniform Allowance of £60 per year (back-claiming for 4 tax years). That saves you £12 per year in tax if you are a 20% taxpayer and £40 per year if you pay higher rate tax. I got that as a general supply teacher who taught PE lessons maybe a handful of times per year. I kept an old tracksuit and trainers in the car for school use.
     
    sparklepig2002 and emerald52 like this.
  18. Dunteachin

    Dunteachin Star commenter

    Could I be of any help?...
     
  19. racroesus

    racroesus Star commenter

    You have a couple of pet dragons?
     
  20. jubilee

    jubilee Star commenter

    Post#37 error. It should say that you save £24 tax per year if claiming the Uniform Allowance as a higher rate taxpayer.
     

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