In a daze

StuntmanBob

I'm wandering about the house looking for stuff I can sell on eBay and I have to say I'm feeling awful. Items which were bought for much money now worth only a few quid. Lots of memories are coming back to me as I fight back the tears, cursing myself that I had my head in the sand for so long and just kept on spending.

You wouldn't believe how much stuff I have. An accumulation of what's now no more than junk.



Apologies for the self pity...

Uniscots97

Bob, sending you a hug. Can you post your SOA and we'll see if we can help?

ExNicotineQueen

Hey Bob,

I'm in the same boat as you mate. Just thought I'd send you some hugs to let you know you are not alone. :grouphug:

MYLITTLESISTERLOLA

I am in the same boat, a spare room, two sheds and an attic full of clutter. I'm listing 25 items a week aiming for £50 + per week, just think of all that untapped money we have lying around.

Uniscots97

Bob, would it be easier clearing out by having say a DVD week, then a CD week, then a clothes week etc?

StuntmanBob

It's a mess. There's still lots of stuff on here which I know I have to change, like quitting smoking, stopping going to the pub.

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 4500
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 4500

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 750
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 53
Gas..................................... 41
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 40
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 25
Internet Services....................... 30
Groceries etc. ......................... 290
Clothing................................ 0
Petrol/diesel........................... 187
Road tax................................ 15
Car Insurance........................... 52
Car maintenance (including MOT)......... 72
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 100
Medical (prescriptions, dentist etc).... 67
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 48
Other insurance......................... 0
Presents (birthday, christmas etc)...... 70
Haircuts................................ 3
Entertainment........................... 350
Holiday................................. 60
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
(Unnamed monthly expense)............... 0
Cash Spending........................... 450
Wine and Beer........................... 175
Maintenance and Child Support Payments.. 705
Total monthly expenses.................. 3755

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Loan: Barclaycard..............11043.....298.......0
Loan: Coop.....................14081.....300.......0
Loan: Direct Line..............15044.....320.......0
Overdraft......................12000.....0.........0
Card: Natwest..................8538......196.......0
Card: Lloyds...................1.........0.........0
Card: John Lewis...............4901......253.......0
Card: Coop.....................11185.....226.......0
Card: Beneficial...............6958......173.......0
Card: Barclaycard..............16312.....374.......0
Loan: Natwest..................14510.....230.......0
Loan: Egg......................10913.....330.......0
Total unsecured debts..........125486....2700......-

Monthly Budget Summary
Total monthly income.................... 4,500
Expenses (including secured debts)....... 3,755
Available for debt repayments........... 745
Monthly UNsecured debt repayments....... 2,700
Surplus(deficit if negative)............ -1,955

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total Secured debt...................... -0
Total Unsecured debt.................... -125,486
Net Assets.............................. -124,986

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

Also I have to pay HMRC £5000 by the end of the month.
I posted on another thread, it's BR time for me.
Which I've been expecting for months but haven't been able to face.
Now the doodah is hitting the fan. I feel like putting everything into storage and running away. But I have a job to hold down and two kids whom I love so much, so I can't do that.

Sorry I'm just wallowing in self pity today. I stayed up all night and the tiredness has messed me up.

angelflower_2

I found at that stage that a car boot was better than doing ebay. So much less soul destroying even with the teeny tiny prices you get back. After haggling at the end of the day and being determined to go home, you do get to the stage where you are almost happy to give it away! With ebay, always in the back of your mind is the hassle doing postage, paying fees, feedback, worrying about all the fraud stuff. (sorry, been major taken for a ride by ebay lately)

It is a big wake up call, and does make you think about where you spend money in the future. The determination that will come from this moment in getting the best possible deal will spur you on.

GeorgeUK

Have you had any late payments, defaults or CCJ's?

I think a debt management plan may be an option before bankrupcy. You just need to cut the spending and get everything down to the basics. I'll do a note on your SOA after lunch.

StuntmanBob

unixgirluk wrote: »

Bob, would it be easier clearing out by having say a DVD week, then a CD week, then a clothes week etc?

But I love my DVDs ... all bought for £5-£15 and now worth £1 each if that. What a waste. I have to have something to hang on to. In my position you could well say that it's too late for that. But I have to hang to something. About the only thing I've achieved in the last few years is building my DVD collection.

This probably sounds like the stupidist thing you ever read.

StuntmanBob

GeorgeUK wrote: »

Have you had any late payments, defaults or CCJ's?

I think a debt management plan may be an option before bankrupcy. You just need to cut the spending and get everything down to the basics. I'll do a note on your SOA after lunch.

No late payments, ever. No CCJs, ever.

StuntmanBob

Car boot is a great idea. Thanks. eBay is as you say just a major hassle.