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Overtime Workers of the World Unite!

By ATWadmin On December 18th, 2008

When I started my new position last year, I had two ambitions for my house. The first was to buy a new boiler and the second was to have an entirely new bathroom fitted. As I live in a house which is fully paid for, I have spent the last number of years gradually improving the property. A new boiler and bathroom would see the house completed to my satisfaction. But how was I going to pay for it? On credit, like most of the idiots in this country? Not on your life, Pedro!! I was brought up to believe that making purchases on credit was a fundamental human weakness.  My old grandmother (God rest her) used to say to me in her broadest Yorkshire accent: ‘If tha’ can’t afford it at the time, lad, tha’ can’t afford it – full stop!’

One of the beauties of working in the care industry is the fantastic amount of overtime one can accrue. If you need the money and enjoy the job, you can spend more time at work than you can at home. As there have been plenty of opportunities for overtime over the past year, I decided to take full advantage of them and save up for my accoutrements. My basic net salary is just under £1,300 per month.  Working overtime can add £700 to that total if I work enough hours.  I enjoy my job immensely so I often take advantage of building up my finances. I work 37.5 hours a week and, on at least four separate occasions over the past twelve months, have added nearly 100 hours overtime. Nobody has forced me to do it. I’ve done it because I wanted to do it.  Thanks to the overtime, I have been able to have both my wishes fulfilled.  Without my overtime, I would still be in the process of saving up for each task. Instead my house is finally complete.  With me so far, Mr Barber?

How many other people in this country have circumstances similar to my own?  Thousands I would imagine. Contrary to what the politicians of Socialist Park: The Lost World might think, many people who work long hours do so because that is their wish.  What business is it of the State, much less the European Union, to tell me how many hours I should work? We’re not all subjected to the whip-cracking of uncaring ultra-capitalistic Mr Fredericks, you know!

Barber and the unions want this country to turn into a little socialist oasis. I suggest they look at the above picture of Cuba and see how years of unfettered socialism can really affect the human domain. They might then allow the workers who compliment the market, as opposed to those who constantly fight it, to get on with their own lives and their own business.

19 Responses to “Overtime Workers of the World Unite!”

  1. Good point. Well argued. Completely agree! You wonder whose interests Unions are run…

  2. Funny – I’ve a different take on Overtime. Overtime is usually the preserve of those who move mountains not to get their work done from 9 to 5.But are happy to spend time after 5 to get work done that they should have completed in normal time.

    With that said, I imagine the care profession would be an exception.

    However, Andrew – Without Credit how does one buy a home on £2k net per month?

  3. However, Andrew – Without Credit how does one buy a home on £2k net per month?

    That was myquestion, but I didn’t want to ask it. But now that it has been asked: Andrew, how on earth do you live in that salary?

  4. Yore the socialist andrew if you think working 37.5 hours a week is working full time. Typical government dole lackey

  5. ‘how on earth do you live in that salary?’

    Rich grandmothers, generous wills and no siblings.

  6. ”how on earth do you live in that salary?’

    Rich grandmothers, generous wills and no siblings.’

    Which pretty much disqualifies you from preaching about people taking on credit.

  7. SMCGIFF

    Unsolicited gifts are not the same as solicited loans.

  8. Colm,

    The point being that if he didn’t receive the unsolicitated gift he would now be renting with no prospect of ever owning a home.

  9. Possibly, but what point are you making ?. That he shouldn’t have accepted the inheritence. If so why ?

  10. Of course not. But in a short few paragraphs he went from mentioning he had a fully paid off home to saying those that avail of credit are idiots. The reason he has a fully paid off home has nothing to do with his earning ability or a human strength he may have for that matter.

  11. I am very glad that I took various loans out or I would not have my own house now. One of the best decisions I ever made.

    However that is the only type of credit I can cope with having (apart from the odd credit card debt when I forgot to send the cheque in).

  12. And even then Aileen, you probably don’t incur interest. Credit cards are a good servant, but a bad master(card! 😉 ). The majority of people clear off their credit cards monthly and don’t incur the crazy interest. There are others that are not so wise and the banks make a fortune out of them. CC interest rates are very poor (and are akin to loan shark rates), especially in the UK, but these will probably come down in the not too distant future.

    There are other good reasons to take on credit, such as student loans, to pay for medical expenses (although insurance is better) or to take advantage of an investment opportunity.

    Such an investment opportunity could be as simple as buying a new boiler on credit, if the new boiler was burning more efficiently than an old boiler. Such frugality can be a false economy.

  13. SMCGIFF

    I did get the crazy interest when I forgot to send the cheque but that is behind me now since I’ve gone for Direct Debit payments.

    Re your argument about boilers etc, I agree.I realise that I am in a fortunate postion that I don’t need anyother credit than my morgage and it becomes an increasingly small part of my financial situation, even though I am on interest only payments. I only need credit cards because of the convenience and as I pay for it from money that I am earning at the time it seems right. What I mean by that it that I don’t get paid for my work until after I’ve earned it so by using a credic card, I am spending and earning it in sync :o)

    I think that the key to borrowing is to be sure that you can pay it back.

  14. That’s the way to use a credit card. 🙂

    Re your mortgage, you’re probably tired of people telling you this, but switch away from interest only payments as soon as possible. Although it’s okay for a short period of time. But from what you’ve said it would seem as if you could increase your repayments. A mortgage is the best way to get credit (especially over a long period of time) as it’s at the lowest rate you can borrow. But you’d be amazed how much extra you’d save over the length of your mortgage if you increased your repayments by one or two hundred each month.

  15. I am in the middle of trying to do up my house. I have just put a floor in the loft and want a new kitchen and bathroom. Then I want to replace the windows. So I am focusing on trying not to add to my morgage. That is about as far as I can go re that. Once I’ve done all I want to on the house, I intend to think about repaying.

    I also put a lot into my pension each month and if I continue as I am, I will retire with more disposable income each month than I do now. I ontend to live to at least 120 to take full advantage of it :o)

  16. … I would say in general you are better to focus on beefing up your pension (as long as it is with a dependable scheme) than paying off your morgage as long as it is manageable.

  17. Smcgiff

    I don’t count houses in the normal context of taking credit for purchases, given their price.

    I was (as you well know) was referring to credit for household items, improvements and gifts, etc.

    Everything, apart from my mortgage, was paid through hard work and savings. And yes, when you look at the debts people have accrued, and look at me sitting pretty with not a penny debt to my name, I AM entitled to refer to credit-junkies as weak human beings.

    Understand?

  18. You’re quite obviously entitled to your opinion, Andrew.

    One other point worth noting is that credit for the masses is a very modern phenomenon. Before it was only professionals like doctors etc that were able to get credit. Now it’s more universal, and the world is the better for it. Was there a gorging and over indulgence yes, but it’s still better than the times where you had to be a golf partner of the bank manager to get a loan.

    There is certainly a balance to be maintained. Gorging on debt and not availing of it at all are two extremes that are least likely to be the most advantageous position.

  19. I know many who have good incomes but who are always, always in trouble with the credit cards.

    The general principle of not buying a thing – other than the house you live in, or school fees if that’s the only way to do it- will serve most people very well.

    I’ve taken out exactly two loans in my life – one for college, and one for the home mortgage. Don’t plan on taking out a third, and paid those two off early.

    And this philosophy works best for the working class- avoid the credit card financing snare, and that one move alone moves you far ahead of the game, with a real shot at improving your situation in life.