can someone please help-i am desperately worried

mumjules

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 480
Other income............................ 300
Total monthly income.................... 1880

Monthly Expense Details
Mortgage................................ 757
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 80
Gas..................................... 40
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 13
Satellite/Cable TV...................... 20
Internet Services....................... 6
Groceries etc. ......................... 250
Clothing................................ 50
Petrol/diesel........................... 50
Road tax................................ 15
Car Insurance........................... 17
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 30
Buildings insurance..................... 27
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 25
Emergency fund.......................... 0
Total monthly expenses.................. 1645

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 700
Other assets............................ 0
Total Assets............................ 150700

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 120000...(757)......0
Total secured debts........... 120000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
loan - friend..................7000......150.......0
Total unsecured debts..........7000......150.......-

Monthly Budget Summary
Total monthly income.................... 1,880
Expenses (including secured debts)....... 1,645
Available for debt repayments........... 235
Monthly UNsecured debt repayments....... 150
Surplus(deficit if negative)............ 85

Personal Balance Sheet Summary
Total assets (things you own)........... 150,700
Total Secured debt...................... -120,000
Total Unsecured debt.................... -7,000
Net Assets.............................. 23,700

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful

I hope this is right. According to the breakdown, i appear to be ok - but it just all seems a mess. I can't eat/sleep/function properly at the moment

Jules

~Beanie~

mumjules wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 480
Other income............................ 300
Total monthly income.................... 1880

Monthly Expense Details
Mortgage................................ 757
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 80 - this seems high
Gas..................................... 40 - as above
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 13
Satellite/Cable TV...................... 20
Internet Services....................... 6
Groceries etc. ......................... 250 - you should be able to cut this
Clothing................................ 50 - You can't afford this
Petrol/diesel........................... 50
Road tax................................ 15
Car Insurance........................... 17
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 30 - what is this for?
Buildings insurance..................... 27
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50 - this is high and you can't afford it
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 25 - you can't afford this
Emergency fund.......................... 0
Total monthly expenses.................. 1645

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 700
Other assets............................ 0
Total Assets............................ 150700

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 120000...(757)......0
Total secured debts........... 120000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
loan - friend..................7000......150.......0
Total unsecured debts..........7000......150.......-

Monthly Budget Summary
Total monthly income.................... 1,880
Expenses (including secured debts)....... 1,645
Available for debt repayments........... 235
Monthly UNsecured debt repayments....... 150
Surplus(deficit if negative)............ 85

Personal Balance Sheet Summary
Total assets (things you own)........... 150,700
Total Secured debt...................... -120,000
Total Unsecured debt.................... -7,000
Net Assets.............................. 23,700

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful

I hope this is right. According to the breakdown, i appear to be ok - but it just all seems a mess. I can't eat/sleep/function properly at the moment

Jules

Your gas and electric seem high, do you have arrears? If not, can you shop around and go to a cheaper provider?

Until you get back on the straight and narrow you can't really afford to spend £75 per month on holidays and presents.

You should be able to cut that grocery budget as well, have a look on the old style board for tips.

Well done for posting and try not to worry too much. You must make sure you stick to any payment plan that they come up with for your mortgage arrears though or there is a real chance that they will reposses your house.

MrsTinks

Council tax............................. 90
Electricity............................. 80 Too high!!! Is this in arrears? If not ditch and switch and use a cashback site like quidco.
Gas..................................... 40 This seems high too..
Oil..................................... 0
Water rates............................. 30 Are you on a meter?
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 13
Satellite/Cable TV...................... 20
Internet Services....................... 6
Groceries etc. ......................... 250 This can be DRASTICALLY reduced too... Why not pop over to the Old Style Board for some advise and lots of tips on how to live on a LOT less
Clothing................................ 50 Sorry this has to be reduced to bare minimum - use freecycle for clothes for the kids
Petrol/diesel........................... 50
Road tax................................ 15
Car Insurance........................... 17
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 30 WHOA how many pets do you have??? I have 2 cats and a dog insured for a lot less than this.
Buildings insurance..................... 27 Check you are getting the best deal.
Contents insurance...................... 15 Check you are getting the best deal.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50 This HAS to come down! Check the celebrations board (see my sig) for loads of low cost ideas!
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 25 Sorry hun but right now you CAN NOT afford holiday savings. End off!
Emergency fund.......................... 0
Total monthly expenses.................. 1645



Right I have added some comments in red - now looking at this SOA something is amiss... why did you miss the mortgage repayments so many times? What happened that caused this?

Cleosmum

mumjules wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 480
Other income............................ 300
Total monthly income.................... 1880

Monthly Expense Details
Mortgage................................ 757
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 80 This is very high, do you have arrears?
Gas..................................... 40
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 20 Who is this with?
Mobile phone............................ 10
TV Licence.............................. 13
Satellite/Cable TV...................... 20
Internet Services....................... 6 Can you get this free with your landline provider?
Groceries etc. ......................... 250 This can be cut back, this is my monthly budget for 2 adults and 3 children. Pop over to old style for lots of ideas.
Clothing................................ 50 Can this be cut back for the time being?
Petrol/diesel........................... 50
Road tax................................ 15
Car Insurance........................... 17
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 30
Buildings insurance..................... 27
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 25
Emergency fund.......................... 0
Total monthly expenses.................. 1645

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 700
Other assets............................ 0
Total Assets............................ 150700

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 120000...(757)......0
Total secured debts........... 120000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
loan - friend..................7000......150.......0
Total unsecured debts..........7000......150.......-

Monthly Budget Summary
Total monthly income.................... 1,880
Expenses (including secured debts)....... 1,645
Available for debt repayments........... 235
Monthly UNsecured debt repayments....... 150
Surplus(deficit if negative)............ 85

Personal Balance Sheet Summary
Total assets (things you own)........... 150,700
Total Secured debt...................... -120,000
Total Unsecured debt.................... -7,000
Net Assets.............................. 23,700

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful

I hope this is right. According to the breakdown, i appear to be ok - but it just all seems a mess. I can't eat/sleep/function properly at the moment

Jules

Try not to lose sleep over this, everything can be sorted, in one way or another, so please dont fret!

mumjules

Thanks...I can see what you mean. My gas and electric are key/card meters because of arrears. Clothing is mostly for uniforms schools shoes etc, but i can definately cut down. I had a vets bill for £400 for my cat, I didn't have insurance. The holiday fund is for a bit of spending money, my Mum is paying for us to go. She has no idea about my financial difficulty. I really am no good at discussing my problems with anyone to be honest, which is why i get into such a mess. I have definately taken on board and can now see where i can cut down. Tomorrow i will draw up a plan for myself, with all of your help.

Jules

Buffythedebtslayer

Jules, it can be fixed honestly it can. just hang in there, sleep tonight and come back here tomorrow and everyone will help

((((((((hugs)))))))))

xxxxxx

MrsTinks

Well electric can be reducedfor definite Just wait - you'll turn into scary person who mutters "bl00dy blackpool illuminations" under their breath as they walk round like the rest of us Once you've cleared those arrears then you might wanna look at something like E-On which has a plan where you get a free meter thingy that shows you how much electricity you're using and what it's costing you. It's been an eye opener for us! I never realised it but our prime offenders are our spotlights which are in both bathrooms and the kitchen. Blooming Halogen! Now I have to go and buy LED ones gradually as they are MUCH cheaper to run - sadly cost more that twice as much to buy!!!
Let us know how it goes tomorrow when you speak to CCCS/CAB etc

mumjules

I have to be honest - as i now opening up a bit. I should have done this ages ago. I needed to borrow £4000 3 years ago from my dad as the bailliffs were knocking. I have been repaying him at £200 a month (he took out a loan for me) that is finished now. Earlier this year my tax credits were reduced by £120 a month - this has now just gone up by £60pm. I have also increased my working hours in the last few months, so my wages are now a bit higher. I am really trying, and i will now try even harder.

It is helping and is so much appreciated - thanks

Karmacat

You've got Mrs Tine looking after you, and Beanie has also given you good advice. Nothing else I can say, except, a spending diary would be a good idea, specially cos you don't seem to quite know how come you're in debt. So the best antidote to that is knowledge - best of luck with it, and I do hope you manage to get some sleep tonight. It *can* be sortable, especialy with the numbers you've got there. Good luck.

MrsTinks

Would he be willing to take out another loan to cover your arrears if we can get your SOA sorted?
That might stop the procedings and allow you time to get on the straight and narrow again.
I WOULD however start being honest with him and your mum though... Tell them about the situation you're in and ask for their moral support - I'm sure they'll amaze you!
As for school uniforms - does the kids school have a swap shop thing at all?