How does debt/money saving impact on your life?

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  • Jacks_xxx
    Jacks_xxx Posts: 3,874 Forumite
    eekiedee wrote: »
    Hi All

    Just came across this site looks promising. :grin:


    Could not quite face doing that bit though :o

    :hello: Go for it honey!

    Get yourself a cuppa, :coffee: some sustenance for as you work through it all - and a big fat juicy bribe / reward for after you've finished to make sure you actually get to the end of it. ;)

    (I'm pretty sure there was cake involved when I first did mine! :D ) :EasterBun

    Then when you're ready, post it all up on here and we'll make some suggestions of areas you could make changes.

    You may not be ready to do it all at once, but you'll learn some stuff, you'll try some of the suggestions out - and the positive results will be encouraging - so you'll try a couple of other things...

    It's a process - and it's one of the best things I ever did in my life.

    The really great thing about SOA's is the scarier and more dysfunctional they are the more scope there is for improvement! :D

    So if you're scared of what you'll find out the you should definitely do it! ;):D

    Love Jacks xxx :D
    Not everything that can be counted counts, and not everything that counts can be counted. Einstein
  • MS impact on my life-

    More confident
    Aware where all my money goes
    Cut down on waste
    Started to build up savings
    Looking forward to a Christmas all paid for (no big Credit card bills in January!)
    Overpaying the mortgage

    Negatives

    None so far
    GC 2011 Feb £626.89/£450 NSD3/7 March £531.26/£450 April £495.99/£500 NSD 0/7 May £502.79/£500
    June £511.99/£480 July £311.56/£480
  • Had a rough go at the SOA. ouch
    Nothing left. Outgoing usually going well over the incoming.
    I need to get all my stuff together to make a true statement.

    Thanks
  • Postives
    Feeling in control, finding this website, being a much more savvy food shopper and my bills being lower than they have been in years despite the price rises, not being wastful

    Negatives

    Sick of never being able to afford anything and panicking if I get asked to do anything-eg go out for a meal and split the bill!
    HSBC Visa-High interest-£2349.23 Nat West £2605.18
    My Overdraft-£1500
    Barclaycard-1089.77
    Marks and Spencer card- 3331.30 next 92.67
    Total was 11066.29 now £10,968.15
  • eekiedee
    eekiedee Posts: 13 Forumite
    Well here goes . . . . . . yikes

    Monthly income after tax................ 2300
    Partners monthly income after tax....... 40
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 2340


    Monthly Expense Details
    Mortgage................................ 515
    Secured loan repayments................. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 136
    Electricity............................. 60
    Gas..................................... 0
    Oil..................................... 0
    Water rates............................. 0
    Telephone (land line)................... 30
    Mobile phone............................ 0
    TV Licence.............................. 11
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 400
    Clothing................................ 0
    Petrol/diesel........................... 150
    Road tax................................ 15
    Car Insurance........................... 20
    Car maintenance (including MOT)......... 5
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 30
    Contents insurance...................... 0
    Life assurance ......................... 20
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 40
    Haircuts................................ 0
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Wife.................................. 160
    Total monthly expenses.................. 1592


    Assets
    Cash.................................... 0
    House value (Gross)..................... 90000
    Shares and bonds........................ 0
    Car(s).................................. 3000
    Other assets............................ 0
    Total Assets............................ 93000


    Secured Debts
    Description....................Debt......Monthly...APR
    Mortgage...................... 59000....(515)......7
    Total secured debts........... 59000.....-.........-


    Unsecured Debts
    Description....................Debt......Monthly...APR
    Egg............................10000.....210.......15
    mint...........................3345......75........16
    citi...........................2750......58........0
    A&L............................10000.....303.......0
    Total unsecured debts..........26095.....646.......-


    Monthly Budget Summary
    Total monthly income.................... 2,340
    Expenses (including secured debts)....... 1,592
    Available for debt repayments........... 748
    Monthly UNsecured debt repayments....... 646
    Surplus(deficit if negative)............ 102


    Personal Balance Sheet Summary
    Total assets (things you own)........... 93,000
    Total Secured debt...................... -59,000
    Total Unsecured debt.................... -26,095
    Net Assets.............................. 7,905


    Egg card jumped up from £5k after personal emergency.

    A&L is 3yrs to go :)

    Last month outgoings was £345 over incoming. Can see where this arose, went out for a meal & a couple of unexpected bills (went over my card limit)

    Im desperately trying to keep the balance right but find head in sand easier. :(
  • How has my money saving affected me? Well, I now have a very annoying addiction. I'm constantly hunting through my stuff for things I no longer need to sell on ebay. Then all day I'm refreshing my web browser hoping for more and more bids.

    At least it's a positive addiction
    Trying to only spend money when I absolutely have to.
    Barclaycard: £4559-1500 = £3059 (Will have £900 to add to that end of September)
    Loan from Friend = £2000
  • Hi Eekiedee ,

    You need to create a new thread one level up otherwise folk will miss it within this thread.

    If you navigate to the debt free board and click on New Thread :)
  • eekiedee
    eekiedee Posts: 13 Forumite
    oops :)
    Thanks
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