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I'd like to introduce myself.... I'm a newbie
bonitaGBchica
Posts: 5 Forumite
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welcome to dfw and congratulations on making the first big scary steps in the right direction!:j
Firstly i would suggest you sit you oh down and talk about the financial situation you are in, a problem shared is a problem halved!This will at least get everyting out in the open.
There are loads of fantastic clever people on here that can give you some fantastic advice so they wil be along shortly!0 -
£800 from DH why does dh pay you this? you say he pays 99% of houshold bills but you have groceries, petrol , gas and elec, car insurance down??
£200 from self-employment
£120 from child benefit
outgoings:
diesel: £180 per month
groceries: £225 " "
childcare: £400 " " I assume this is privte childcare?do you need to put your children in childcare as this seems to be more than you are earning pcm?
gas/elec: £44 " "
car insurance: £70 " " This seems quite high is this fully comp pcm? when is this up for renual?
HSA: £35 " "
counsellor: £140 " " (half which is claimed back via HSA)**
acupuncture: £100 " " (half which is claimed back via HSA)**
**I see these as necessary expenses as I have become quite depressed as a result of the debt, I have used all of my NHS allowance, and as things improve, this will obviously be reduced.
total student loan debt: £5500 I assume you dont actually pay any of this as you do not earning enough?
total overdraft debt: £1500 (interest free)
total CC debt: £4500
As previously stated, DH pays for 99% of household expenses, so the money I am given is mainly for me and the kids.
Any help/criticisms/advice you may have is greatly appreciated. Cheers in advance! =-D
Antonia
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Hi Antonia and welcome to the board.
Just wanted to let you know that the CCCS website has an online debt remedy you can fill in - you don't have to go any further with it if you don't want to (I think I did about 5 before I finally took the plunge), but it might give you an idea of what they are going to suggest.
To be honest, from a quick glance at your SOA I'm not sure you need CCCS - a Debt Management Programme is to try to arrange reduced payments and to stop interest while you get back on your feet. I might be wrong, but you don't seem to be earning enough to have to be making payments on your student loan at the moment and your overdraft is already at 0%.
Budgeting isn't my strong-point :rolleyes: , but I'm sure other, wiser DFWs will be along soon to give you some pointers on your SOA.
What is the interest and minimum payments on your credit card?
Polly0
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