My salary ig going to increase big time, I want to put the extra in a separate account.

[HONESTMOI]

From June 2011, I'm going to be working full time, full capacity (I'm a childminder) I'll be on 28K gross a month, which means I'll get 800 pounds extra every month, I'll still put 2 k in the main account as dh. Obviously, the extra money will help me to pay my taxes,national insurance,childminding materials, rainy days, christmas, birthday, regular massage etc...

I want to do that because since I have started childminding, I got little help from dh, when we have money problems I always worked overtime, barely got a pat in the back for saving our arses again.I'm a huge convenience for him, as we dont have to pay childcare, the children are sick, he doesnt have to come home because I'm here all the time...

I'm really ressentful at the moment because dh makes no effort, I feel unappreciated, taken for granted..He makes absolutely no gestures towards me, when I talk about how I feel, he says nothing so I get angry so he leaves the room. He is also a dullard who only gets exited by his rank in the champions league/rugby. For my birthday, he got me a dvd that HE especially liked, for xmas he got me a 5 pounds cd (was part of a deal 2 for 10 pounds, so he got himself a cd).

So yes I want to save some money to give me a boost. I dont smoke, I dont drink, rarely buy clothes, I'm on the top of our finances.

Would you do the same ?

By the way I'm off today !

FWIW, I tend to assume that half of the money I earn is actually not mine but is/will be spend on expenses. It is variable from business to business so you will need to work out what it is for you. It could give an idea of the trend each month whithout doing all the accounts iyswim.

Also re NI etc.. I would put the % needed on a seoarate (business) saving account so that you don't have a big payment to make that month (the same way I would put money on a saving account to plan for a holiday or christmas)

lo yes i know but it's also a very good sign :)

Justme and the kids - you are right I really need to get an accountant to help me.

I think the system I want to instore is by no means perfect but I feel so much better than when I started this thread. I have been a childminder for 2 years and I never tought of having a business account, I'm such a twat. Yes when I was doing my tax return, it was not an easy affair !

Btw you do not need an 'business' account as a sole trader. A separate account at your name is fine (save some cost)