|My current 4-wheeled partner in crime....|
1) I am self employed so when I am not available for work, I'm not earning any money. we have just spent a week volunteering at the beer festival, meaning I will be a week short on my August invoicing, when it occurs at the end of the month.
2) Car insurance fell due - and with 2 cars in the household this is significant.
3) Along with the car insurance comes breakdown cover - essential in my book, and one of those insurances that I am very happy to pay for...
4) Later on this month Home Contents Insurance becomes due...
I decided to tackle these items one at a time, first up being the shortfall in invoicing for August. My only method of covering this is to try to get extra days of work both before and after any break - on this occasion it was a couple of extra days over the last fortnight of July, and a couple over the first & second weeks back. the July time has been" set off" against the low August, and of course the August ones will fall within that period too. I also ensure that I set aside more in each regular month for tax & National Insurance payments, meaning that I can set aside less in any low month. All in all, that means that the shortfall will be covered. Squeakiness point 1 averted.
|My much loved first car - acquired for £100 in 1990!|
Breakdown Insurance next then......previously we have always had this linked to the car insurance. The aformentioned Senior Naval officer's organisation required the sum of £137 for this, which seemed fairly high bearing in mind their suggestions that it is subsidised to their insurance customers. A quick search online revealed first one well-known national breakdown chain would offer Roadside, Recovery, At Home and Onward travel options for £144 - which considering the saving of £200 on the insurance in the first place, seemed pretty fair. A further quote from those gentlemen in Orange vans however revealed that their "online discount" would reduce this figure still further - to £135! Add to this the £60.60 cashback payable by buying via "TopCashback" and that adds up to one very budget-friendly premium. (A quick note on cashback - always be careful to ensure that you don't pay over the odds for a product on the strength of getting cashback - there are sometimes problems with it tracking, and payment is never guaranteed until such time as the money arrives in your bank). As with the car insurance, the money is already stashed aside for this, so that will be Squeakiness point 3 running away with its tail between its legs....
|My second car - and the start of an obsession with small, nippy french ones...|
The only remaining question is whether to pay off that £200 saving on the car insurance against the mortgage....hmmmm, what do YOU think?!