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SOA Here's A Challenge!!!

2

Comments

  • Horace
    Horace Posts: 14,426 Forumite
    Try and get yourself a bigger freezer so that you can freeze more - join freecycle (you may have to offer something first before you can ask). Another good place to look is the British Heart Foundation Electrical Shops because they sell reconditioned freezers that are extremely well priced (in other words cheap).

    Buy meat at the butchers rather than the supermarket - look for a butcher with a big queue out of the door (this is the sign of a good butcher). Use greengrocers or farm shops for fruit and veg - you can pick what you want and it cuts down on excessive packaging.
  • Clariman
    Clariman Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi Smudga

    Wel done for posting your SOA. Don't worry about it just now, but you used the wrong "Format" button on the calculator. You chose the "Make Sense" button, but the one for here is the "MSE" button. If you post an updated SOA in the future, then you can use the MSE one then.

    Clariman
    Author of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk
  • smudga99_2
    smudga99_2 Posts: 48 Forumite
    thanks clariman will do that now
  • smudga99_2
    smudga99_2 Posts: 48 Forumite
    redone the soa using the mse button. One question though, if i have a monthly deficit of -£174, how do i have £36 for loan repayments?
  • mizmir
    mizmir Posts: 3,710 Forumite
    Debt-free and Proud!
    smudga99 wrote: »
    redone the soa using the mse button. One question though, if i have a monthly deficit of -£174, how do i have £36 for loan repayments?

    Hi! income-expenditure leaves you with £36 for debt repayments. But you need £210 a month - so you have a deficit of £174. Does that make sense?

    Definitely try the £10 a day challenge - it is amazing how you can make bits extra and what a difference you can make. And as has been said, reducing your grocery bill even by £50 a month will help! Good luck.
  • smudga99_2
    smudga99_2 Posts: 48 Forumite
    mizmir wrote: »
    Hi! income-expenditure leaves you with £36 for debt repayments. But you need £210 a month - so you have a deficit of £174. Does that make sense?

    Thanks mizmir now i understand. Now you can see why im in a mess, cant even understand a simple soa lol.:rotfl:
  • drop your food bill and get rid of sky. Is there any reason why your mobile phone bill £60 a month? Is it contracted?
  • smudga99_2
    smudga99_2 Posts: 48 Forumite
    mommyme wrote: »
    drop your food bill and get rid of sky. Is there any reason why your mobile phone bill £60 a month? Is it contracted?

    cant get rid of sky at the mo in a twelve month contract, but am now going on sky website to reduce my package, yeah phone is contracted gonna reduce tariff on that as well, thanks mommyme;)
  • kylie1dw
    kylie1dw Posts: 13 Forumite
    Part of the Furniture Combo Breaker
    You might be tied in with the mobile phone contract but not with your price plan. Effectively you can change your tarriff once a month if you so choose.
  • MrsTinks
    MrsTinks Posts: 15,238 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Name Dropper
    There are a couple of places you can save as others have highlighted... but... I hate to say this - you have a very low income for a family of 4... I don't know if there is any chance of whichever one of you isn't working maybe doing evening work at Tesco etc for a couple evenings a week?
    Is there any posibility of moving somewhere cheaper? It obviously depends on where you are but your rent and council tax is taking half of your income and benefits at the moment...
    There IS work from home oppertunerties but majority aren't very well paid to be honest - some of it isn't too bad - maybe do some ironing for people or even dog walking can bring in pretty good money...
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
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