in debt reality check! Help Please?

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  • chelseablue
    chelseablue Posts: 3,303 Forumite
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    The car insurance looks very high, are either of you new drivers?


    My partner passed his test in 2014 and his insurance started off at £1000 for the year (he was 24)


    For this year we paid £600 for him and £300 for me
  • tallyhoh
    tallyhoh Posts: 2,305 Forumite
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    Have you totted up all the child care & car expenses? your partner may be working for very little after expenses are taken into account, just a thought.
    Tallyhoh! Stopped Smoking October 2000. Saved £29382.50 so far!
  • Biollante21
    Biollante21 Posts: 85 Forumite
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    Welcome to the forum from a relative newcomer :)
    Some great advice already given from the brilliant and very knowledgeable people here
    The only thing i can suggest is if you are not in contract with sky/virgin then consider a Now Tv account at £10 per month
    There are a couple of different packages available and it would save you money each month if only until you get back on your feet
    Good luck with everything
  • chelseablue
    chelseablue Posts: 3,303 Forumite
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    tallyhoh wrote: »
    Have you totted up all the child care & car expenses? your partner may be working for very little after expenses are taken into account, just a thought.

    Ain't that the truth! Our childcare is £860 a month for 3 days a week :eek:

    Cant wait until September when we will be eligible for the government funded hours
  • enthusiasticsaver
    enthusiasticsaver Posts: 15,594 Ambassador
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    chelseablue wrote: »
    The car insurance looks very high, are either of you new drivers?


    My partner passed his test in 2014 and his insurance started off at £1000 for the year (he was 24)


    For this year we paid £600 for him and £300 for me

    The monthly figure in the soa is incorrect then. £900 per year is £75 per month not £148 which means your surplus should be even higher. Do you pay it monthly or annually?
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  • Karonher
    Karonher Posts: 916 Forumite
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    enthusiasticsaver wrote: »
    The monthly figure in the soa is incorrect then. £900 per year is £75 per month not £148 which means your surplus should be even higher. Do you pay it monthly or annually?

    I think chelseablue is just giving details of her situation not the OPs

    Other than satellite I can't see where you can cut. If you identify the "missing" £500 that may make it easier for you to make savings.
    Aiming to make £7,500 online in 2022
  • MrsTinks
    MrsTinks Posts: 15,241 Forumite
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    You say you're in debt and lots of it - but you only really have a sofa and 2 cars? Are you maybe missing off any card debts and overdrafts from your SOA?
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

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