Need advice re fiances debts

bump..............

Valli wrote: »

I would also question emergency fund - if £50 is being put to one side to pay for emergencies/rainy day well OP tell your fiance it is raining NOW.
Searching me is right - need to cut down on food (buying lunches?) and entertainment. With a mortgage so low this is quite a sad SOA tbh.

It was me that put the emergency fund in, which i have taken out now, as really he can't afford to save anything. The food is for the supermarket, he works from home most of the time unless he has to work away, so doesnt' buy lunches. I think that he knows himself that is it sad to be in this much debt. It appears that he was consoldating his credit cards by getting a loan and paying them off, but not cutting up the cards, which he has now done last year, and then paying the loan off but then doing it all again, till it has got to this point. This has been done over many many years.

Valli wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... company car
Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 180
Secured/HP loan repayments.............. 539
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 80
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 10
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 21
Internet Services....................... 5
Groceries etc. ......................... 200
Clothing................................ 20
Petrol/diesel........................... 30
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 12
Buildings insurance..................... 12.5
Contents insurance...................... 12.5
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 200
Holiday................................. 0
Emergency fund.......................... 50
Total monthly expenses.................. 1564

Assets
Cash.................................... 0
House value (Gross)..................... 79000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 79000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 29000....(180)......0
Secured Debt.................. 73000....(539)......0 This is including intrest, as the loan was 50k
Total secured & HP debts...... 102000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Egg............................5973......298.......0
barclays.......................4064......0.........0
Great universal................500.......90........0
1st credit limited.............2209......0.........0
citi financial.................1709......85........0
barclays card..................2142......107.......0
Total unsecured debts..........16597.....580.......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,564
Available for debt repayments........... -264
Monthly UNsecured debt repayments....... 580
Amount short for making debt repayments. -844
Personal Balance Sheet Summary
Total assets (things you own)........... 79,000
Total HP & Secured debt................. -102,000
Total Unsecured debt.................... -16,597
Net Assets.............................. -39,597
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

If those were all halved and the emergency fund taken as full that would be £280 saved.
If he cut sky too...

What would be the plan re his house? Sell it? Is he looking for a new job in your town?

Could your fiance not take on extra work/bar work (or similar)/get a lodger?

Only bits but is he in the correct Council tax band and does he get the single occupancy discount of 25%?

He is in the lowest council tax band and he does get the discount.

He has tried to sell it but then he found out because of the securred loan on it, he can't. He works from home with his job but does have to go out to sites sometimes and does have to work away from home, so getting a extra job wouldn't be possible as he can be told he has to work away at any time.

We do want to live together and we are getting married in september. I will speak to him about cutting the things you have mentioned, also i will showing him this thread. Thankyou very much for your help