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Results: Which step should I take next?

Get rid of stored furniture (? costs involved, but paperwork re big debt in there)

62.86% • 22 votes

Piggybanking

0% • 0 votes

Work out my exact household expenditure

28.57% • 10 votes

Drop household maintenance? (Nothing needs doing at present)

2.86% • 1 votes

Get water meter to save poss. 75 per year

14.29% • 5 votes

Other (please specify in comment box - ty)

11.43% • 4 votes

You may not vote on this poll

35 votes in total.

  • FIRST POST
    • miracleworker
    • By miracleworker 14th Sep 16, 4:24 AM
    • 9Posts
    • 26Thanks
    miracleworker
    Plodding Through Debts
    • #1
    • 14th Sep 16, 4:24 AM
    Plodding Through Debts 14th Sep 16 at 4:24 AM
    FEBRUARY 2017 - actual figures IMARCHIAPRIL

    INCOME

    Benefits. . . . . . . . . . . . . .... . 500.20 I 750.30 I 502.20
    Ebates...................................008.81 I 000.00 I 000.00
    Wilko Card Bonus.................006.00 I 000.00 I 000.00
    Boots Card Points.................006.62 I 000.00 I 000.00
    Other Loyalty Schemes........006.46 I 000.00 I 000.00

    EXPENSES

    Fixed Direct Debits
    Debt Repayments...............057.19 I 060.00 I 050.00
    Held On Account................005.49 I 000.00 I 000.00
    Water . . . . . . . . . . . . . . . .... .021.70 I 032.55 I 021.70
    Contents Insurance...............006.20 I 006.20 I 006.20

    Variable Direct Debits
    Electricity . . . . . . . . . . .... . . .049.00 I 049.00 I 049.00
    Phone and Internet. . . . . . . ..027.63 I 019.77 I 018.99 - need to use tariff and timer.

    Variable Card Payments
    Food, Household, Toiletries....072.17I 083.04 I 080.36
    Clothes and Shoes.................004.92 I 000.00 I 000.00
    Christmas and Birthdays........000.00 I 000.00 I 000.00
    Travel, Hobbies, Leisure.........005.99 I 000.00 I 000.00
    Miscellaneous.........................048.17 I 000.00 I 000.00

    Other
    Not Allocated.......................077.55 I 496.80 I 273.57
    Wilko Card.............................087.00 I 000.00 I 000.00
    Iceland Card...........................052.00 I 000.00 I 000.00
    Boots Card Points..................006.62 I 000.00 I 000.00
    Other Loyalty Schemes.........006.46 I 000.00 I 000.00

    TOTALS.................................528.09 I 750.30 I 502.20
    -----------------------------------------------------------------------------------------------------------------------------------
    Expenses from capital
    Gym Membership...................132.00 annually
    Mobile Phone:.........................115.00 one-off

    Regular Savings Made
    6.25% on 360 at Wilko...........22.50 annually
    4% +20 p/a at Iceland............50.00 annually estimate

    Free Items
    Free groceries via Asda (and other) wombling and CheckOutSmart
    Free eating out at Ask, Bella Italia, Cafe Rouge, etc., via Tesco Clubcard points (when using CheckOutSmart), PayQwik, wombling Tesco receipts, Tesco surveys, Shopper Thoughts and Tesco Clubcard Boost
    Free eating out at KFC via app stamps, free offers and wombling stamps
    -----------------------------------------------------------------------------------------------------------------------------------
    ASSETS
    155.41 Cash At Bank and In Hand
    133.00 Warm Home Discount payment pending
    087.00 Wilko Card
    052.00 Iceland Card
    035.00 Sky Incentive Reward Card
    032.00 Topcashback payments pending
    030.00 Credit On Water Bill
    012.36 Asda Vouchers
    009.55 OnePoll
    006.62 Boots Card
    006.00 Boots Vouchers - end 28/02/17
    004.34 CheckOutSmart
    002.46 M&S e-Gift Card
    001.10 Costa Coffee Card
    001.00 Gfk Rewards M&S Code
    001.02 Tesco Clubcard
    ----------
    568.86
    -----------------------------------------------------------------------------------------------------------------------------------
    Outstanding Tasks
    Give away furniture, etc., to make room for matched betting/dentistry. - in progress
    Use 4% bonus when shopping at Iceland. - paid in 50.00 on 17/02/17
    Check out using Park for Christmas.
    List toilet rolls on eBay.
    Diabetes blood test 24/02. Follow-up 21/03. BMI 26.4 = 'at risk'.
    Set up payments to 4 new creditors. - 2 done; 2 in process.
    Appeal demand for WTC repayment - 694.40.
    Write to Barclays re overdraft debt - 678.36.
    Submit paperwork to BG Energy Trust re. grant application to pay off electricity debt - 79.60.
    -----------------------------------------------------------------------------------------------------------------------------------
    Last edited by miracleworker; Today at 1:44 AM. Reason: WIP
Page 1
    • thriftylass
    • By thriftylass 14th Sep 16, 4:29 PM
    • 2,785 Posts
    • 22,625 Thanks
    thriftylass
    • #2
    • 14th Sep 16, 4:29 PM
    • #2
    • 14th Sep 16, 4:29 PM
    Statement of Affairs and Personal Balance Sheet

    Fortnightly Income Details

    Benefits. . . . . . . . . . . . . . . . . . . . . . . . . . . ...... . .. 250.10 (I guess you don't live on your own, and can't work, or are looking for work, setting up business etc, sorry just guess other people will ask too)

    Other Possible Fortnightly Income Details

    Selling toilet rolls on eBay. . . . ...................................4.00 (for real?)
    Turn off hot water every other day. . . . . . . . . . . . . . . 2.50 ( bath, and one wash-up at end of 'on' day)
    Sharing expenses of online courses . . . . . . ..........13.39 (I'm allowed 3 other people)


    Fortnightly Expense Details

    Account 1 - bills on D/D - ALREADY OPEN
    Home phone and broadband . . . . . . . . . . . . .. . ...... . . 8.22 (2.20 after cashback)
    Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........ . .19.40 (15.46 after Warm Home Discount)
    Water . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . ......... . .10.85
    Home insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.10
    Furniture Storage . . . . . . . . . . . . . . . . . . . . . . . . . . . .37.87 (is there anything you could sell, are you very attached to some item?)
    Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . .19.40 (could you just go running or do sth else free)
    New clothes: D/D to credit a/c . . . . . . . .. . . . . . . . . . ... 2.31
    Online courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . 13.39 - immediate business oriented
    Debt Repayments . . . . . . . . . . . . . . . . . . . . .. . . . . . . .4.02
    + 37.87 when I've got rid of furniture
    + 19.89* ad hoc
    61.78 total debt repayment possible


    Account 2 - savings, then card payments - ALREADY OPEN
    New clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . .10.00
    Hobby - photography. . . . . . . . . . . . . . . . . . . . .. . . . . . 2.00
    *Ad hoc debt repayments. . . . ....... . . . . . . ..... . . . . . .19.89

    Account 3 - ISA - savings, then cash withdrawal
    Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. . ... . .3.85 = 100.01 per year
    Winter holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.02 = 260.52 (not sure that is a priority just now)
    Summer holiday. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 10.02 = 260.52 (not sure that is a priority just now)
    Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .. 7.96 = 206.96

    Account 4 - ordinary savings account - cash withdrawal
    Food and household shopping . . . . . . . . . . . . . ..... . . 70.00 = 35.00 p/wk (testing this, this week)
    Eating and drinking out. . . . . . . . . . . . . . . .. . . . ... . . . . 6.92 = 2 meals pcm @ 7.49 ea (not sure that is a priority just now)
    Coffees/Sandwiches/Snacks . . . . . . . . . ... . . . . . . . . . .8.00 = 4.00 p/wk (not sure that is a priority just now)
    Walking trips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . ..2.77 = 1 bus fare pcm at 6.00


    Total Fortnightly Income. . . . . . . . . . . . . . . . ... . . . . . 250.10
    Other Possible Fortnightly Income. . . . .. . . . .... . . . . ... 57.76
    Total Possible Fortnightly Income. . . . . . . . . .. . ........... .307.86


    Total Fortnightly Expenses. . . . . . . . . . . . . . ... . . . . . 250.10
    Other Possible Fortnightly Expenses. . .. . . . .... . . . . ... 57.76
    Total Possible Fortnightly Expenses. . . . . . . .. . ........... .307.86
    Originally posted by miracleworker
    See my comments in red. Hope it didn't sound too harsh, well meant
    • thriftylass
    • By thriftylass 14th Sep 16, 9:39 PM
    • 2,785 Posts
    • 22,625 Thanks
    thriftylass
    • #3
    • 14th Sep 16, 9:39 PM
    • #3
    • 14th Sep 16, 9:39 PM
    How much debt do you have? Have you tried surveys like Valuedopinions to earn vouchers like Amazon for using for presents etc? Keep going! You seem quit switched on about money things.

    Another good on is qoas. Co. Uk. A postal survey. You receive letters and send them back free, they use that to test the postal sevice. I get about 10quid a month in vouchers from that. They also do paypal payout etc
    Last edited by thriftylass; 14-09-2016 at 9:51 PM.
    • iolanthe07
    • By iolanthe07 15th Sep 16, 9:58 AM
    • 4,711 Posts
    • 4,468 Thanks
    iolanthe07
    • #4
    • 15th Sep 16, 9:58 AM
    • #4
    • 15th Sep 16, 9:58 AM
    I voted 'something else' and the 'something else' was to get a job, but that was before I read about your autism, so apologies.
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • tallyhoh
    • By tallyhoh 15th Sep 16, 1:20 PM
    • 2,034 Posts
    • 1,996 Thanks
    tallyhoh
    • #5
    • 15th Sep 16, 1:20 PM
    • #5
    • 15th Sep 16, 1:20 PM
    any chance of forgoing the bath & having a shower at the gym? one kettle then to do washing up.
    Tallyhoh!

    Stopped Smoking October 2000. Saved 21,840 so far!
    • Dewdrop.ja
    • By Dewdrop.ja 15th Sep 16, 2:33 PM
    • 50 Posts
    • 77 Thanks
    Dewdrop.ja
    • #6
    • 15th Sep 16, 2:33 PM
    • #6
    • 15th Sep 16, 2:33 PM
    I'm not sure if you have done so already but I would definitely suggest getting a water meter installed. Whe I did mine it was a massive saving however they told me that if it ended up actually costing me more money then I would be able to continue without it. So to me it's a win win and definitely worth! The same went for when I changed the electric and gas meters from prepayment!
    Best of luck!
    Halifax: 4765.18
    MBNA: 6843.51
    • iolanthe07
    • By iolanthe07 15th Sep 16, 3:53 PM
    • 4,711 Posts
    • 4,468 Thanks
    iolanthe07
    • #7
    • 15th Sep 16, 3:53 PM
    • #7
    • 15th Sep 16, 3:53 PM
    Water meter COULD COST SAME OR MORE, due to constant peeing, possibly due to diabetes.

    A useful tip, first offered during the 1976 drought I believe:

    If it's yellow, let it mellow
    If it's brown, flush it down
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • Muttipops
    • By Muttipops 15th Sep 16, 4:03 PM
    • 267 Posts
    • 273 Thanks
    Muttipops
    • #8
    • 15th Sep 16, 4:03 PM
    • #8
    • 15th Sep 16, 4:03 PM
    Also water brick in the cistern! Cuts down amount of water used for a flush.


    Watch out with the metering; I have a feeling you can only go back to unmetered within the first year, if your bill turns out to be higher.
    • LabRatty
    • By LabRatty 15th Sep 16, 7:51 PM
    • 30 Posts
    • 47 Thanks
    LabRatty
    • #9
    • 15th Sep 16, 7:51 PM
    • #9
    • 15th Sep 16, 7:51 PM
    Hi there,
    Are you near a university dental school? They are often in search of volunteers to be treated by students. The treatment is supervised, free, and technically excellent so even if you have to travel a bit it's much cheaper than paying for treatment as well as being very interesting. Dental problems are welcomed as good learning opportunities for the students.
    • Muttipops
    • By Muttipops 15th Sep 16, 9:50 PM
    • 267 Posts
    • 273 Thanks
    Muttipops
    If you get this much done with diabetes lethargy, just think what you will be like if you have it and you get treatment, Wonderwoman!! Obviously not called miracleworker for nothing.
    • Muttipops
    • By Muttipops 16th Sep 16, 9:44 AM
    • 267 Posts
    • 273 Thanks
    Muttipops
    Miracleworker, I have seen many people on this forum use the snowballing method, so if you genuinely want to do it, I am sure there would be lots of advice on here. It seems straightforward enough, but there might be some added hints and tips to be had.


    I see you had either a late night or an early morning. I get that; I wish my brain would shut up from 10pm until 7am.
    • Muttipops
    • By Muttipops 17th Sep 16, 10:22 AM
    • 267 Posts
    • 273 Thanks
    Muttipops
    miracleworker,
    750 a month is a huge amount. Is that affordable for you?
    • Money saving maniac
    • By Money saving maniac 18th Sep 16, 5:23 AM
    • 338 Posts
    • 643 Thanks
    Money saving maniac
    Miracle worker

    For NHS dentistry there is a cap of 233.70 so you wouldn't end up paying anything like 20k for one course of treatment. A course of treatment is when you see your dentist and he says you need X, Y and Z doing, it doesn't matter how many appointments it takes to do it.

    If you are currently going private, go see a NHS dentist.

    How long have you been doing matched betting for, and how much have you made from it so far? I ask because if you enter into a DMP you are going to have to keep that payment up for years.
    If you are not already making over 700 a month from matched betting, then it is unlikely you will be able to do so.
    Last edited by Money saving maniac; 18-09-2016 at 5:32 AM.
    • pennystretcher
    • By pennystretcher 18th Sep 16, 9:34 AM
    • 265 Posts
    • 1,263 Thanks
    pennystretcher
    Hi there and welcome.

    Echoing the questions above - what furniture do you have in storage and could you sell it? If you can't sell it would someone else be able to store it for you for less money? Friends/family?

    And gym fees - do you need to spend this? Or could you stop going for a while?
    MFW Feb 2017 3000 (almost there!!!)
    • Money saving maniac
    • By Money saving maniac 18th Sep 16, 11:54 PM
    • 338 Posts
    • 643 Thanks
    Money saving maniac
    How did you build up your debt, Miracleworker?

    You don't need to call the GP for your dental work, you just need to find a NHS dentist and register and then go and see them.

    You can find a NHS dentist here

    http://www.nhs.uk/Service-Search/Dentists/LocationSearch/3
    • Bedsit Bob
    • By Bedsit Bob 3rd Oct 16, 8:05 AM
    • 9,370 Posts
    • 49,222 Thanks
    Bedsit Bob
    Is the SOA monthly, weekly, or a bit of both?
    My job is Top Secret. Even I don't know what I'm doing.

    Amount I have so far denied the BBC - 1161
    • Bedsit Bob
    • By Bedsit Bob 3rd Oct 16, 8:42 AM
    • 9,370 Posts
    • 49,222 Thanks
    Bedsit Bob
    Actually, it would be easier for us (the other FMs) if you made it all monthly, and did a full SOA.

    http://www.stoozing.com/calculator/soa.php
    My job is Top Secret. Even I don't know what I'm doing.

    Amount I have so far denied the BBC - 1161
    • Bedsit Bob
    • By Bedsit Bob 3rd Oct 16, 8:54 AM
    • 9,370 Posts
    • 49,222 Thanks
    Bedsit Bob
    You can either edit it, or do a new one.
    My job is Top Secret. Even I don't know what I'm doing.

    Amount I have so far denied the BBC - 1161
    • miracleworker
    • By miracleworker 22nd Nov 16, 6:46 AM
    • 9 Posts
    • 26 Thanks
    miracleworker
    Debt Repayments In Progress
    INITIAL DEBTS - numbering relates to snowballing. See post below.
    (02) 086.00 for clothing - CLEARED (34.08% interest)
    (04) 177.19 for water - CLEARED
    (07) 370.00 for personal loan.

    REDUCING BALANCES
    (07) 320.00 personal loan (PL)
    ------------------------------------------------------------------------------------------------------------------------------------------
    02/10/16 CL 05.00 - paid
    10/10/16 CL 05.00 - paid
    14/10/16 PL 10:00 - paid
    28/10/16 WT 40:00 - paid
    10/11/16 CL 05.00 - paid
    10/11/16 CL 05.00 - paid
    11/11/16 CL 66.00 - paid - last payment on debt 2
    11/11/16 PL 10:00 - paid
    25/11/16 WT 40:00 - paid
    09/12/16 PL 10:00 - paid
    23/12/16 WT 40:00 - paid
    06/01/17 PL 10.00 - paid
    20/01/17 WT 40.00 - paid
    03/02/17 PL 10.00 - paid
    ------------------------------------------------------------------------------------------------------------------------------------------
    NEW INITIAL DEBTS
    (01) 00,124.47 for mobile - email sent to ask for method of payment on 07/02/17. No response.
    (10) 00,939.49 for mobile phone - S/O set up on 07/02/17. Solicitor's fees added.
    (11) 00,852.15 for store card - Offer made via website on 07/02/17. Accepted 08/02/17. S/O sent to CR 10/02/17.
    (12) 02,243.00 for credit card - S/O set up and letter sent to CR re. ref. on 07/02/17.
    (15) 00,012.68 for advertising - CLEARED

    REDUCING BALANCES
    (01) 00,124.47 for mobile phone(M1) - in absence of payment details, will be paid into savings account
    (10) 00,934.77 for mobile phone (M2)
    (11) 00,852.15 for store card (SC)
    (12) 02,230.40 for credit card (CC)
    ------------------------------------------------------------------------------------------------------------------------------------------
    17/02/17 WT 17.19 - paid - last payment on debt 4
    17/02/17 M1 0.70 - creditor failed to provide payment method, hence paid to savings
    17/02/17 M2 4.72 - paid
    17/02/17 SC 4.79 - creditor has failed to return S/O to date, hence held on account
    17/02/17 CC 12.60 - paid
    17/02/17 AD 12.68 - paid - only payment on debt 15
    03/03/17 PL 10.00
    17/03/17 M1 1.23
    17/03/17 M2 8.27
    17/03/17 SC 8.40
    17/03/17 CC 22.10
    31/03/17 PL 10.00
    14/03/17 M1 1.23
    14/03/17 M2 8.27
    14/03/17 SC 8.40
    14/03/17 CC 22.10
    28/04/17 PL 10.00
    Last edited by miracleworker; 18-02-2017 at 9:29 PM. Reason: WIP
    Miracleworker

    Initial Debt: 5,562.94. Repaid: 343.39. No. Of Debts Repaid: 3/10. Disputed Debt: 17,621.56. Savings: 65.32.
    • miracleworker
    • By miracleworker 15th Dec 16, 11:32 AM
    • 9 Posts
    • 26 Thanks
    miracleworker
    List Of All Debts
    This is all the information I have presently.
    These are the initial debt figures, before payments in post #19, above.

    Undisputed Debts [B]
    (01) 00,124.47 for mobile - no reply to request, of 07/02/17, for payment method
    (02) 00,086.00 for clothing - CLEARED
    (03) 00,079.60 for electric - have applied for grant to pay this
    (04) 00,177.19 for water - CLEARED
    (07) 00,370.00 for personal loan - clearing
    (10) 00,939.49 for mobile phone - clearing
    (11) 00,852.15 for store card - clearing
    (12) 02,243.00 for credit card - clearing
    (15) 00,012.68 for advertising - CLEARED
    ---------------------------------------------------------------------------------------------------------------------------------------------------
    Commercial Debt Subject To Part Counter Claim
    (08) 00,678.36 for overdraft interest was increased from 5 pcm - 22 pcm approx several years ago, without warning
    ---------------------------------------------------------------------------------------------------------------------------------------------------
    Commercial Debts Subject To Counter-Claim
    (05) 00,298.40 for telephone - cancelled due to breach of contract
    (14) 10,660.00 approx. for car loan and insurances - not a true debt, due to mis-selling of 5 insurances which paid out nothing (0.00) despite serious illness on medical records. CCA 1974 Data Subject Access Request in 2012 revealed serious misdemeanours, including breach of fiduciary duty: I was not informed of 1k commission on mis-sold insurances
    ---------------------------------------------------------------------------------------------------------------------------------------------------
    Government Debts Subject To Counter Claim
    (06) 00,330.40 for Class 2 N.I. - counter-claim is 3 no-fault evictions
    (09) 00,694.40 for tax credit over-payment - need to write complaint letter.
    (13) 05,500.00 approx. for income tax - counter-claim is 3 no-fault evictions
    ---------------------------------------------------------------------------------------------------------------------------------------------------
    Last edited by miracleworker; Today at 2:14 AM. Reason: WIP
    Miracleworker

    Initial Debt: 5,562.94. Repaid: 343.39. No. Of Debts Repaid: 3/10. Disputed Debt: 17,621.56. Savings: 65.32.
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