Setting debt to rights

Good luck, Alice!

I know I'm doing pretty well paying off my debt, but I also know I could do so much better when it comes to what I'm spending on unnecessary stuff (god, especially food!). I've done a proper SOA below, and whilst I knew pretty much what it would look like, seeing it in black and white helps.

I share a large house with my brother (we have separate living areas), so we split rent, council tax, utilities, contents insurance, and broadband, paying into a shared 'Rent and Bills' account. It has a small surplus which we use for things like a gardener over the summer. We don't have cable but we have separate Netflix accounts. We buy our own food and only make shared meals once or twice a month, due to our work shifts and his picky eating.

It's coming on a new year, and it's time to form some better habits!

[tt]Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 2175
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2175

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 83
Rent.................................... 375
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 15
Gas..................................... 20 This is increasing by £10 in the new year as we've been told by EON that our monthly payment is too low
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0
Mobile phone............................ 50
TV Licence.............................. 12 I pay this in full - I earn twice what my brother does
Netflix........................................ 8
Internet Services....................... 20
Groceries etc. ......................... 120
Clothing................................ 25
Petrol/diesel........................... 80
Road tax................................ 3
Car Insurance........................... 86 I hope to reduce this at renewal time in March
Car maintenance (including MOT)......... 20
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 40
Buildings insurance..................... 0
Contents insurance...................... 5
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 20
Entertainment........................... 25
Holiday................................. 0
Emergency fund.......................... 0
Work canteen............................ 90 Big bad thing - I invariably buy lunch in the staff cafe
Experian................................ 15
Eating out / Takeaways.................. 116 Very big bad thing - I had not realised just how big a figure this was
Graze................................... 14
Facebook................................ 25 Facebook games like Candy Crush. I have just this morning cancelled the Paypal approved pre-pay for this to stop me

Total monthly expenses.................. 1407


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 4000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0<
Car (PCP)......................1000.....(83).......1.1
Total secured & HP debts...... 1000......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Santander CC...................158.......20........14.9
Barclaycard....................5400......130.......0 0% interest until July 2018
Nationwide.....................2200......300.......14.9 This is what I'm currently snowballing

Total unsecured debts..........7758......450.......-


Monthly Budget Summary
Total monthly income.................... 2,175
Expenses (including HP & secured debts). 1,407
Available for debt repayments........... 808
Monthly UNsecured debt repayments....... 450
Amount left after debt repayments....... 318

Personal Balance Sheet Summary
Total assets (things you own)........... 4,000
Total HP & Secured debt................. -1,000
Total Unsecured debt.................... -7,758
Net Assets.............................. -4,758

[/tt]

Reviewing our house share bills account today, realised there was enough surplus to skim off what we won't be spending on council tax in February and March. That's £120 paid straight off my Nationwide credit card, and £120 gone into my housemate's holiday saving account.

What's more, I think the Christmas cash I was going to bolster my January bank account with might not be needed for bolstering purposes, so once I'm sure (at the end of this week), that'll be an extra £80 off the credit card balance.. which will drop my debt into the below £8,000 bracket!
:j

February summary

+ Monthly repayment goal - £500. Actual repayment £405.42.
+ Moved Nationwide balance onto Barclaycard following 0% for 1 yr on balance transfers offer.