Originally posted by BlasterBates
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Size of war chest
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Size of war chest"
Collapse
-
In theory, we could live off the wife's salary (cutting out everything but rent, bills and food - probably selling/mothballing one car) indefinitely, but maintaining our current lifestyle we could last a year.
Leave a comment:
-
12 - 18 months and been on the bench for two weeks now - so glad I fixed the roof while the sun was shinning, One month I would be scared ! Very scared !
Leave a comment:
-
About six months, but now debt free bar the mortgage and have spent lots on house renovations ( leaking roof, rotten windows etc ) that were desperately needed. Contracting for 3 years basically got me out of a deep hole, put a decent sum in the bank and got me to the point where I could afford to go permie again for a bit while work is short.
Leave a comment:
-
I actually don't have to work any more, but I do it so that I can keep paying tax otherwise the government might go bust.
Leave a comment:
-
you got to fix the roof while the suns still shining, end all this boom and bust and have more prudence. loads and loads of prudence.
I can last six months, then its the cardboard box for me
Leave a comment:
-
Only just started contracting som I'm still in the piles of debt stage, so (the way the missus is currently spending) about 5 minutes!
This time next year, I will only have my mortgage and my missus to wory about
Leave a comment:
-
wow respect....to those who can survive no more than two months. That takes balls of steel.
Leave a comment:
-
A few years for me. I just went thru the household bills for the first time in a few years after paying them blindly previously. The gas and electricity were suprisingly low, the water double what it should be ( on a meter from previous owner , I suspect the kids/Mrs have left some taps on for a day or two as no leaks to be found ). Council tax is quite a biggie if you are going into bunker mode ! I've primed the Mrs that the cleaner and overseas hols will have to go, if she resists I'll send her back to work.
Leave a comment:
-
Originally posted by Sockpuppet View PostAbout 2 years if I really cut back from day 1.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
Leave a comment: