Right my overdraft is getting waaaay outta control and I'm trying really hard to get back into credit but its just not working.

I'm trying to get a higher paid job, I'm only 18 so money can be rubbish! I've had lots of interviews so fingers crossed I'll get one of them!

What else can I do to make more money? I've thought about getting a part time job but I think they will hammer me for tax so I'm debating whether there is any point as I don't have that much time already.

I think I'm gonna have an Ebay night but I doubt I'll get that much!

Does anybody have any more ideas of what I could do?

What about a DSA selling job.

There is Avon, kleenze, betterware, oriflame, usborne to name a few.

I do Usborne, commission is 24%

Amanda

Cut up your cash/bank card.
Or leave it at home which is a little less drastic. Work out how much you need for a week including transport, food etc and take that amount out of the bank at the beginning of the week. Then leave your card with someone you can trust not to give it back to you until the next week.
:thumbsup:

Right my overdraft is getting waaaay outta control and I'm trying really hard to get back into credit but its just not working.

I'm trying to get a higher paid job, I'm only 18 so money can be rubbish! I've had lots of interviews so fingers crossed I'll get one of them!

What else can I do to make more money? I've thought about getting a part time job but I think they will hammer me for tax so I'm debating whether there is any point as I don't have that much time already.

I think I'm gonna have an Ebay night but I doubt I'll get that much!

Does anybody have any more ideas of what I could do?

The tax on a second job will be no different to the tax on a higher paid job. you don't pay extra just for having a second job...

Something else that might help is drawing up a budget, working out how to spend within your means and then making yourself stick to your budget.

The tax on a second job will be no different to the tax on a higher paid job. you don't pay extra just for having a second job...

Something else that might help is drawing up a budget, working out how to spend within your means and then making yourself stick to your budget.

It will be different because you will be put on BR tax code.

But setting a budget would be best bet.

i know its sounds really anal, but draw up a budget.

how much do you spend on rent or board?
food?
phone bill (or other bills)?
hairdressers?
clothes?
going out?
car?

if you get a full time job and get a part time job, you will end up paying full whack tax on the second job- i know i do. but that extra money does make a big difference, even though it only works out at about £120 a month.

because i work friday and saturday nights, i save as i work- it means im not out all night and only ou tfor a few hours after work instead.

if you want to spend it, youve got to earn it.

if you cant earn it, youve got to find a way to prioritise what are really the most important things you need to be spending your money on.

its miserable, and its not fun. but if you want to sort it out, then you have to accept that- there isnt an easy solution. ive been up to my neck in unmanaged debt, but im slowly clawing my way back. but im not the only one, id say the majority of my friends have been in the same situation at some point. if you can get a hold on it now, do- itll save you a lot of bother in the long run.

sorry,

sophie
x

i gave my bank card to my mum who gave me so much a week and it was tough if i spent it but it works

It will be different because you will be put on BR tax code.

But setting a budget would be best bet.

It won't be different. The overall amount paid will be exactly the same.
Don't believe, work it all out.

I'll try and make it simple.

First job pays whatever and you pay your tax on it normally. All you tax free allowance is allocated already against this income.

If you get a higher paid job or a payrise, the new money, lets say £100/month is all taxed at the base rate of 21%.

If you get a second job that pays £100/month, you get a code of BR for the second job, the entire income is taxed at 21%.

Overall result, it makes no difference whether you get a payrise, change jobs or get a 2nd job, the additional income is all taxed at the base rate (unless you go into the upper bracket).

I think I'm gonna have an Ebay night but I doubt I'll get that much!


If you know what to buy you can make a fair bit of money buying stuff from TKMaxx and flogging it on Ebay, I know someone who makes a couple of hundred pounds a week doing just that. You have to have a fairly good idea of whats in fashion and will sell though.

Some really good ideas here!

Well first of all, I'm going to get everything together that I can sell on Ebay!

I'll write a budget of things that I spend, cos my spending is out of control and I need to grow up and learn to handle that I can't spend money that I don't have!

Once I'm in credit, I'll give my card to my mum and only take out what I need! She's as tough as old boots too so there'll be no lending :hihi:

I'm going to have a big googling session and see about walk on parts like on TV shows and things and maybe I'll be an Avon lady! Our street hasn't got one either so maybe I could do it there!

I don't know about a part time job as my boyfriends moving to Lincoln n I'm scared that I'm not going to have as much time cos I'm gunna wanna see him as much as I can but I don't want to not have any time for my friends and my family.
Thank you everyone, my head feels a little bit sorted now!

It won't be different. The overall amount paid will be exactly the same.
Don't believe, work it all out.

I'll try and make it simple.

First job pays whatever and you pay your tax on it normally. All you tax free allowance is allocated already against this income.

If you get a higher paid job or a payrise, the new money, lets say £100/month is all taxed at the base rate of 21%.

If you get a second job that pays £100/month, you get a code of BR for the second job, the entire income is taxed at 21%.

Overall result, it makes no difference whether you get a payrise, change jobs or get a 2nd job, the additional income is all taxed at the base rate (unless you go into the upper bracket).

I know how it works bud, i work in payroll. But as Sophie said, you WILL get taxed full wack on your second job as you cannot have 2 tax codes! BUt that extra money will contibute but you will pay more tax! :thumbsup:

If you know what to buy you can make a fair bit of money buying stuff from TKMaxx and flogging it on Ebay, I know someone who makes a couple of hundred pounds a week doing just that. You have to have a fairly good idea of whats in fashion and will sell though.

Ooh thats a really good idea Nick!

I've never really bought anything from there but I might have a look and see what I can find, cos I know they do cheap designer stuff dont they?

Well first of all, I'm going to get everything together that I can sell on Ebay!


just watch the sellers fees, they can mount up very quickly

the listing fees, plus the gallery fees (if you list with an image), plus the cut they take when your item sells and the amount that paypal charge is you use them......

good luck though, i hope you can get things sorted.

sophie
x

Ooh thats a really good idea Nick!

I've never really bought anything from there but I might have a look and see what I can find, cos I know they do cheap designer stuff dont they?

They do, I don't know anything about the womens brands they sell but some of the mens stuff can be quite profitable, if you can be bothered to do the leg work, it does take ages to find the realy good/resellable stuff.

p.s. Wait until a 5p listing day comes round on Ebay, then you hardly pay any listing fees.

I know how it works bud, i work in payroll. But as Sophie said, you WILL get taxed full wack on your second job as you cannot have 2 tax codes! BUt that extra money will contibute but you will pay more tax! :thumbsup:

yes you will, but you will get taxed full whack on any payrise, so it's no different.
Not taking a 2nd job because you'll be taxed is the same as saying you don't want a payrise because you'll have to pay tax on it.
Oh, and it's cyclone, not bud :hihi:

I dont know if you can apply for one, but I got a new current account that came with a 1 year interest free overdraft (qualified by putting in a certain minimum amount per month). I then put aside 1/12th of the overdraft (in my case £100) a month into a savings account that I could only access through the branch. I have just reached the end of the interest free period, having lived in the overdraft for a year while sorting out other payments like credit cards etc, now have moved the savings back to the current account and have managed to get myself to the position of owing nothing to anyone except my mortgage (cleared my credit cards etc.)
It is dull as you have to cut back on more frivolous spends, like clothes, but it worked for me and gave me the breathing room I needed to sort myself out.

You could also see if there are any charges you can get back from your bank.

What about getting a Sugar Daddy? One of those millionaire ones would solve the problem.

Won't teach you much about the harsh reality of life and debt but you'll get to go to some decent restaurants

What about getting a Sugar Daddy? One of those millionaire ones would solve the problem.

Won't teach you much about the harsh reality of life and debt but you'll get to go to some decent restaurants

Ooh that'd be nice :hihi: just kidding, I like my boyfriend too much and.... well would YOU wanna go out with a wrinkly old grandad lol.

Hmm, maybe I could have one for a couple of weeks, I'm sure my bf wouldnt mind :hihi:

I'm in the exact same situation Sunshine...
For me, its been cutting out the non-neccessity's... IE I've moved back into my parents house over summer to save £200 a month... I hardly ever go out... NO SHOPPING :cry: and less of the eating-out... IE take fruit or sarni's to work etc

Its hard, but I want to get straight with my finances over this summer :)

I just wanted to add to the 2nd job comments.

Agree with all fact its the same amount of tax if you have a pay rise or a second job.

By having a second job you can sometimes have less NHI to pay as you have to earn over £68 (think, the joys of sage) to pay NHI. So if your second job earns under this it would be no NHI to pay.

I have a lady on my team that doesn Avon, phoniex and Usborne!!

I'm in the exact same situation Sunshine...
For me, its been cutting out the non-neccessity's... IE I've moved back into my parents house over summer to save £200 a month... I hardly ever go out... NO SHOPPING :cry: and less of the eating-out... IE take fruit or sarni's to work etc

Its hard, but I want to get straight with my finances over this summer :)

Aw no shopping :(

I know the feeling, I've had a week of not buying anything and I'm right down lol. I think I've got into the habit of going out after work, and buying a new outfit on my lunch hour, working in town is a killer!

I still live with my mum but its only us 2 so I'm paying £200 per month to her, which has gone up cos she's really broke aswell and I want to help out as much as I can!

Aw no shopping :(

I know the feeling, I've had a week of not buying anything and I'm right down lol. I think I've got into the habit of going out after work, and buying a new outfit on my lunch hour, working in town is a killer!

I still live with my mum but its only us 2 so I'm paying £200 per month to her, which has gone up cos she's really broke aswell and I want to help out as much as I can!
try not to worry bout it.. ive bin £500 a month down for about a year (spending nothing on myself..just living costs).. my bank balance is terrible, my mortgage is a couple of month away from asking me why my repayments may have to stop and i have no job prospects.

the fun... hopefully i'll die young coz the future aint looking pretty!

all coz i tried to improve myself and my prospects... now i stare at a pile of debt and depression... woohoo...great stuff

try not to worry bout it.. ive bin £500 a month down for about a year (spending nothing on myself..just living costs).. my bank balance is terrible, my mortgage is a couple of month away from asking me why my repayments may have to stop and i have no job prospects.

the fun... hopefully i'll die young coz the future aint looking pretty!

all coz i tried to improve myself and my prospects... now i stare at a pile of debt and depression... woohoo...great stuff

Aw Theo, hope you're ok!

Don't be down about it xxxxxxxxx

Aw no shopping :(

I know the feeling, I've had a week of not buying anything and I'm right down lol. I think I've got into the habit of going out after work, and buying a new outfit on my lunch hour, working in town is a killer!

I still live with my mum but its only us 2 so I'm paying £200 per month to her, which has gone up cos she's really broke aswell and I want to help out as much as I can!

It all came tumbling down when my Uni mates went home for the summer... (In MAY!) I've spent nothing on myself whatsoever! :cry:

Its beginning to drive me up the wall, but hey ho, I'm doing everything I can to earn some cash!

Yeah, Caprice - it'll be worth it in the end!

Aw no shopping :(

I know the feeling, I've had a week of not buying anything and I'm right down lol. I think I've got into the habit of going out after work, and buying a new outfit on my lunch hour, working in town is a killer!



that's where you're going badly badly wrong.

Shopping is something that should be disliked, hated even, and clothes shopping is the worst kind.
At best you should go clothes shopping approx once every 6 months, and generally you should come away with approximately 1 t-shirt because that's all you saw that you liked.

Buying a new outfit every week would make most peoples bank balance wince a little I think. £50, every week, that's £2600 a year!

I shop for new clothes so infrequently that I don't budget a monthly amount for it, I take it as a single hit once or twice a year and put it in my budget as a special cost.

Yeah, Caprice - it'll be worth it in the end!

Yeah, it will be.. there is light at the end of the tunnel.. Im well in my overdraft, but i could cry and complain about it, or just accept it! Cos other stuff to keep me happy rather than money! Helen, your doing the right thing! And what your 18!?! Places are desperate for young people like you! :)

I shop for new clothes so infrequently that I don't budget a monthly amount for it, I take it as a single hit once or twice a year and put it in my budget as a special cost.

I couldn't wear the same clothes for 6 months, I'd be sick of seeing them, it would be like watching the same DVD over and over again.

I couldn't wear the same clothes for 6 months, I'd be sick of seeing them, it would be like watching the same DVD over and over again.

:hihi: that made me laugh, I know what you mean.

I'm the messiest person ever too, so I often stain my favourite clothes and have to go out to buy new ones.

I'd be rich if I didnt buy clothes!

Thank you Ryan, I'm looking at extras and modelling things - MTheo sent me a great link - think it was Gumtree.co.uk - they had loads of promotional things!

Thanks everybody xxx

I couldn't wear the same clothes for 6 months, I'd be sick of seeing them, it would be like watching the same DVD over and over again.

I make sure I buy plenty when I do go shopping, it's not like I have just 2 sets and keep swapping between them.

Another thing Sunshine, I've discovered that waitressing is the way forward :hihi: Theres a girl at my work that works 9-5 day job, then does waitressing at the weekend... She does it because you get your basic (Okay its naff at £5 an hour) and then tips... She typically gets £40 take home tips on a sunday after working 8 hours...

I got £36 in tips and after I'd given a percentage to the bar and the kitchen staff, I had about £25 to take home (not taxed) :thumbsup: Its not always that good, sometimes its better, sometimes its rubbish...

But its definately the way forward! I hadnt budgeted that £25, so I spent some of it on a lil present for my BF :D

I make sure I buy plenty when I do go shopping, it's not like I have just 2 sets and keep swapping between them.

Like The Simpsons :hihi:

I've thought of ways to change my clothes too, like combining different outfits, rolling jeans up to make funky cropped jeans, and I even cut my old Firetrap jeans up that were a bit short so make some shorts!

But the shorts went wrong and you can see my bum cheeks and I think I must have put on weight cos they dig in - not a good look! Funny though :hihi:

It try to flog some clothes on Ebay each month, and replace them with new ones using the money I get. I feel I have to buy myself something every month (not always clothes, a DVD or a book or something) or the months work doesn't seem worth the effort.

Another thing worth trying is getting a high interest savings account, i have one with royal bank of scotland.. You could get it along side your normal one..

Yay!!!

Just been offered a new job! 5k more than I'm on now :clap: :clap:

Yay!!!

Just been offered a new job! 5k more than I'm on now :clap: :clap:

Congratulations Hun xxx :thumbsup:

congratulations sunshine!

now get that overdraft paid off before you go spending any of it! ;)


sophie
x

Yay!!!

Just been offered a new job! 5k more than I'm on now :clap: :clap:

Personal tip, as soon as it starts getting paid, set up a standing order into a savings account.

What you don't see you won't miss, and then in 10 months time you can just pay off some debts with what's been saved.

If you just let it go into your current account, you're expenditure will rise to match it and you'll be no better off than you are now.

Good idea Cyclone!

Thats how I've got into a mess with my overdraft.

I really want some savings behind me so if anything ever happens, I'm financially prepared. And for when I decide to move out.

Thanks everyone!

Best thing I ever did was cut up my switch debit card - I'm purely a cash girl now and it means I have to physically go to a cash point to buy that lipgloss/hairband/necklace/£5 quid top from Primark (delete as appropriate) and usually by the time I've got there I've rationalised it out in my head and changed my mind - saved me LOADS of money...

When I saw a counsellor a few years ago we discussed my spending habits (which were totally out of control at that point - I used to get panic attacks and all sorts) and she programmed me to say "maybe later" to myself when I wanted to buy something - still do that now and 4 years on I'm about half way up my hill...

Congrats on the new job sunshine - I agree it's easier to save what you're not used to getting, I'm planning to do that with my pay rise in september...ready for the dreaded christmas!

Some tight-fisted tips:

Don't buy any food or drink at ALL when you're at work. Get a jar of coffee and make your own brew. You could save £1 a cup - possibly £40 a month. Make your own dinner, saving around £3 a day - £84 a month. No choccie snacks - saving £10 a month (not much, but that could be a new top ;)). You could eat healthier dinners too!

Only buy clothes from the sale rail. Only buy items that go with lots of other things - e.g. a top that will go with five pairs of jeans or skirts. Only buy daft items that you won't want to wear in a few months if they're under a tenner. Work out what things will cost you 'per wear'. That makes you walk off from a wasted spend!

Do not undcer any circumstances go shopping at lunch time. Surf the net, read a book, chat to your mates, anything to avoid the shops, as believe me, even if you only go in Poundland you'll end up spedning something.

Get a bus pass as otherwise you find yourself constantly getting mags and sweets out of tenners to get change.

Never get into buying and accepting rounds in the pub - stick to your own budget.

Ooh they're good ones Mathom!

I know what you mean about spending on lunch! I went to Wilkinsons to buy my toiletries, as I thought I'd spend too much in Boots and ended up spending £30, as everything was really cheap so I thought I'd buy face masks and leg wax - even though I know I'm too scared to wax my legs :hihi:

Ooh they're good ones Mathom!

I know what you mean about spending on lunch! I went to Wilkinsons to buy my toiletries, as I thought I'd spend too much in Boots and ended up spending £30, as everything was really cheap so I thought I'd buy face masks and leg wax - even though I know I'm too scared to wax my legs :hihi:

That's the kind of mistake I'm always making! I think I'll go to a cheap shop to pick up some batteries or something, and I've come out with cat toys, multipacks of horrible crisps, giant bottles of almost out of date pop, even a stack of canvases one day! The only way to get your shopping is to rush in and out as fast as possible, only halting to pick up what you need.

Or do some net shopping - now that really does work for saving on groceries as you can't browse and be tempted!

My biggest downfall is CDs, because I'll happily go into Music Zone and come out with about 6 or 7 - even at £6 or £7 it adds up. Then I go in a few days later and do it again. :(

That's the kind of mistake I'm always making! I think I'll go to a cheap shop to pick up some batteries or something, and I've come out with cat toys

:hihi: I do the same!!

I got cat toys and sparkly collars! They did love the collars though, and they look well funky :hihi:

just don't go to boots, it's rubbish and you don't need any gunk to put on your body. My spending on cosmetics/month £0.00.
If you need music, borrow it from your friends and copy it.
I don't remember the last time I bought a CD (although i can estimate that it was about 8 years ago).

Join the Money Saving Expert (http://forums.moneysavingexpert.com/index.html) forums. You'll get lots of helpful advice and tips

just don't go to boots, it's rubbish and you don't need any gunk to put on your body. My spending on cosmetics/month £0.00.
If you need music, borrow it from your friends and copy it.
I don't remember the last time I bought a CD (although i can estimate that it was about 8 years ago).

Oh put I LOVE that gunk!

I must admit, its a treat for me though! And only about £1 for face and £1 for hair, my skin would crack up and die without it. Well ok, maybe I'm getting a bit dramatic :hihi: but I do get eczema and with my nice little routine, it stops me having break outs so the face mask is essential!

I dont buy CD's, I do burn them - that saves me loads!

Setting a budget in never a bad starting point, as then you can "take control" of your finances again, in terms of outgoings