Pls I need some help

kate705

I'm very sorry to hear about your Aunty and your financial worries, here's hoping that life starts to improve for you all.
xxx

mbaz

Hi hun welcome to the board. Well done for posting. Put a few notes on soa - does this help at all?

Queen wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1250
Partners monthly income after tax....... 370
Benefits................................ 267
Other income............................ 0
Total monthly income.................... 1887

Monthly Expense Details
Mortgage................................ 825
Secured loan repayments................. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 144
Electricity............................. 140 this seems really high - is this monthly or quarterly?
Gas..................................... 156 as above if monthly u must be able to get a better deal eksewhere
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 44 u shoukd be able to reduce this maybe go onto a plan where u get free calls eve and weekends if u use a lot
Mobile phone............................ 75 u should be able to cut this
TV Licence.............................. 11
Satellite/Cable TV...................... 47 cancel
Internet Services....................... 18
Groceries etc. ......................... 400 u can cut this in half. I have 2 kids and have really cut down, gone for value range etc and my monthly food is less than £200 a month
Clothing................................ 50 should be able cut to this - use ebay charity shops etc
Petrol/diesel........................... 80
Road tax................................ 18
Car Insurance........................... 53
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 80
Childcare/nursery....................... 45
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 30
Buildings insurance..................... 35
Contents insurance...................... 0
Life assurance ......................... 20
Other insurance......................... 35 what's this?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2474

Assets
Cash.................................... 0
House value (Gross)..................... 185000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 189000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(825)......0
Secured Debt.................. 17000....(120)......0
Total secured debts........... 182000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
RBS............................20200.....9.25......0
Barclay Card...................750.......10........0
Barclay Card...................400.......10........0
Barclays Overdraft.............600.......10........0
GE Money.......................500.......1.........0
Next...........................800.......5.........0
HFC............................1100......1.........0
HFC............................1500......1.........0
Total unsecured debts..........25850.....47.25.....-

Monthly Budget Summary
Total monthly income.................... 1,887
Expenses (including secured debts)....... 2,474
Available for debt repayments........... -587
Monthly UNsecured debt repayments....... 47.25
Surplus(deficit if negative)............ -634.25

Personal Balance Sheet Summary
Total assets (things you own)........... 189,000
Total Secured debt...................... -182,000
Total Unsecured debt.................... -25,850
Net Assets.............................. -18,850

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.

Horace

Queen a few things have sprung out at me.

Could you not change to freeview or if you have to have a cable package get a small one from Virgin where you get: tv, landline/broadband for £30 a month.

Also your grocery bill is rather high - how many people in your household? Look at the moneysaving oldstyle board for tips on meal planning and grocery challenges. If you change the way you shop and use places such as Lidl instead of Tesco - you will find that the pounds will go further.

amyandjon

Queen wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1250
Partners monthly income after tax....... 370
Benefits................................ 267
Other income............................ 0
Total monthly income.................... 1887

Monthly Expense Details
Mortgage................................ 825
Secured loan repayments................. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 144 how long is this over it seems high are you in the right band ?
Electricity............................. 140 whoa this is high is that per month ??
Gas..................................... 156 same with this
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 44
Mobile phone............................ 75 reduce this send it back go payg
TV Licence.............................. 11
Satellite/Cable TV...................... 47 is this sky tv ?? if so you can get free broadband and calls for free for 5 quid plus 10 line rental if not cancel all 3 packages if you have a bt line id just sign up with sky ....
Internet Services....................... 18
Groceries etc. ......................... 400 reduce this its too high learn to love aldi and liddl
Clothing................................ 50 this mayhave to half try freccycle etc or ebay for clothes
Petrol/diesel........................... 80
Road tax................................ 18
Car Insurance........................... 53
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 80
Childcare/nursery....................... 45
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 30
Buildings insurance..................... 35
Contents insurance...................... 0
Life assurance ......................... 20
Other insurance......................... 35
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2474

Assets
Cash.................................... 0
House value (Gross)..................... 185000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 189000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(825)......0
Secured Debt.................. 17000....(120)......0
Total secured debts........... 182000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
RBS............................20200.....9.25......0
Barclay Card...................750.......10........0
Barclay Card...................400.......10........0
Barclays Overdraft.............600.......10........0
GE Money.......................500.......1.........0
Next...........................800.......5.........0
HFC............................1100......1.........0
HFC............................1500......1.........0
Total unsecured debts..........25850.....47.25.....-

Monthly Budget Summary
Total monthly income.................... 1,887
Expenses (including secured debts)....... 2,474
Available for debt repayments........... -587
Monthly UNsecured debt repayments....... 47.25
Surplus(deficit if negative)............ -634.25

Personal Balance Sheet Summary
Total assets (things you own)........... 189,000
Total Secured debt...................... -182,000
Total Unsecured debt.................... -25,850
Net Assets.............................. -18,850

hope this helps you a little other people will be along shortly who know more ... or try ringing cccs they are a free charity they can give you advice ..... can family help out ?? can you rent a room out etc etc ?? hope things get better soon xx

Queen

Thanks for comments, electric and gas are monthly, electric is the amount we use apparently plus one or two missed payments and the begging of the year. Gas is because we have fixed until 2011 the tariff went up in Jan which they did not increase our monthly payment to £104.00 they now want £156.00 food this is the four adults and includes all work meals and cleaning materials, other insurance for ASU even though we are not covered until my hubby is back at work for 6 months not managed anything more than a few days here and there, BT tied on tarrif until July 2009, Sky we do not have any other means of T.V without this, mobiles, cut down to minimum we are tied into an 18month contract which has over 12 months left, I cann't see any light at the end of the tunnel, just going off to Accident and Emergency for my hubby to have a sickness jab, he cann't keep food down and has been like this for 3yrs they are not able to do anything with regards to the condition that he has

lynzpower

Have you had an energy assessment done on your home? As your hubby is in recipt of incapacity benefit, you should be entitled to an energy assessment, where your sericve provider can tell you how to spend less, but also can give free energy saving lightbulbs, and in some cases cavity wall insulation.

Ask on the gas/ electric board for options in your area.

amyandjon

sorry to be nosy but what condition does he have ? ishe on a regular anti emetic oral ?? should you not get some benefits if your caring for him like carers allowance ?? dont be disheartend there is always a way 4 adults ?? can you up the rent for them x

Queen

His condition is called gastroparesis which basically paralasis of the stomach when he eats he stomach doesn't empty therefore now where else to go apart from being sick therefore on a special diet of milkshakes but needs to have some food to keep his tmoach working in effect, eldest lad student loking for a partime job, youngest still at school, hubby is getting incap but not entitled to anything else. Cavity wall we had an assessment because we live in a traditional 1930's semi property unsuitable no cavity.

Ta

mummytofour

Op will not get carers allowance as she earns to mucha dn her hubby does not get DLA.

OP I dont know what your husbands condition is but you may be able to claim DLA please took into it.


For the gas and electric it MIGHT be worth getting a pre-payment meter ( this will cost more for the electric and gas) But they will spread your debt over a longer time frame and you can watch what you use. I just think this is a HUGE expense that you cant really afford right now, so if you can lower this amout it might help.

Plus check out the warm front grant as they will insulate your house for free if your entitled.

Queen

Hi thanks for comments cann't get DLA as he is able to look after himself just not able to have a normal life always has his head down the toilet being sick or if not being sick, then feeling very sick with no energy I thinks this is because of lack of food even though he is on a nutrient diet of shakes and juices.