hello everyone

boredofbeingathome

jimpanzee wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1850
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1850

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 475
Management charge (leasehold property).. 0
Council tax............................. 86
Electricity............................. 157
Gas..................................... 0
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 11.75
Mobile phone............................ 65any chance of reducing this?
TV Licence.............................. 23Is this due to arrears..could be monthly
Satellite/Cable TV...................... 28.91To high reduce or get rid of
Internet Services....................... 0
Groceries etc. ......................... 50How many for? have a look on old style to see if you can get this down
Clothing................................ 0
Petrol/diesel........................... 10
Road tax................................ 180Could save on this
Car Insurance........................... 76.5way too high have a look at Martins guide for reducing..we jointly pay £38 for two cars, he drives a 1.8 primera, i drive a micra
Car maintenance (including MOT)......... 35shop around
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..................... 0[COLOR="red[/COLOR]
Contents insurance...................... 0you need this
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 11
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1219.16

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1100
Other assets............................ 0
Total Assets............................ 1100

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
barclayloan....................20869.....306.......0
cahoot.........................9060......224.......0
aa account.....................4619......203.......0
capital one....................200.......0.........0
bcard..........................200.......0.........0
aa loan........................14338.....170.......0
aa credit card.................1100......19.61.....0
virgin credit card.............3912......100.......0Good to see they are all 0 %
Total unsecured debts..........54298.....1022.61...-

Monthly Budget Summary
Total monthly income.................... 1,850
Expenses (including secured debts)....... 1,219.16
Available for debt repayments........... 630.84
Monthly UNsecured debt repayments....... 1,022.61
Surplus(deficit if negative)............ -391.77

Personal Balance Sheet Summary
Total assets (things you own)........... 1,100
Total Secured debt...................... -0
Total Unsecured debt.................... -54,298
Net Assets.............................. -53,198

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.

Have put a few comments up for you, please don't take offence. I wonder if there is any way you can up your income?If your partner can get a small part time job this would sort out the deficit and then if your wages go up then you will be able to chuck more at debts.
Always shoparound for the best possible deals. If you look at martins guide on give yourself a payrise that is a good start. There is also an up your income board which is very useful.
BOB X

jimpanzee

there definetly not 0%
i aint got a clue to find out what they are

like i said completely clueless

~Beanie~

jimpanzee wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1850
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1850

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 475
Management charge (leasehold property).. 0
Council tax............................. 86
Electricity............................. 157 - This is high, are you paying off arrears or can you switch provider?
Gas..................................... 0
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 11.75
Mobile phone............................ 65 - This is too high and needs to be cut
TV Licence.............................. 23
Satellite/Cable TV...................... 28.91 - Cancel it and get Freeview
Internet Services....................... 0
Groceries etc. ......................... 50 - Per month? That doesn't seem high enough!
Clothing................................ 0
Petrol/diesel........................... 10
Road tax................................ 180 - This is surely the annual total, not monthly?
Car Insurance........................... 76.5 - Very high, can you switch companies?
Car maintenance (including MOT)......... 35
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..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 11
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1219.16

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1100
Other assets............................ 0
Total Assets............................ 1100

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
barclayloan....................20869.....306.......0
cahoot.........................9060......224.......0
aa account.....................4619......203.......0
capital one....................200.......0.........0
bcard..........................200.......0.........0
aa loan........................14338.....170.......0
aa credit card.................1100......19.61.....0
virgin credit card.............3912......100.......0
Total unsecured debts..........54298.....1022.61...-

Monthly Budget Summary
Total monthly income.................... 1,850
Expenses (including secured debts)....... 1,219.16
Available for debt repayments........... 630.84
Monthly UNsecured debt repayments....... 1,022.61
Surplus(deficit if negative)............ -391.77

Personal Balance Sheet Summary
Total assets (things you own)........... 1,100
Total Secured debt...................... -0
Total Unsecured debt.................... -54,298
Net Assets.............................. -53,198

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.

Just a couple of ideas above.

boredofbeingathome

Council tax can also be over 12 months as well. Your electricity supplier can also be paid monthly it would help initially.

boredofbeingathome

jimpanzee wrote: »

there definetly not 0%
i aint got a clue to find out what they are

like i said completely clueless

If you have no arrears or anything it may be worth trying to apply for a couple of 0% cards. Have a look at the statements..they usually tell you the APR, and Martin has a guide about them as well.
You are no longer clueless as you are on here!:D

jimpanzee

i think my council will go down as i should get single persons discount

the cable /tv is the internet included too

i dont go to the pub or smoke i just finish work go out on my cycle or go on xbox live,

i worry if i pay the electric monthly it might not get paid

**Amy**

jimpanzee wrote: »

electric is paid quaterly i hurried doing the soa
just guessed the tv liecence i paid it in full in feb
road tax is for the year
mobile has be lowered to that from 99.00
car insurance will be lowered as im selling my car

With regards to the things that are yearly/quarterly, it is best to try and work it out so you know how much you are paying.

So Road tax would be £15 a month.

Electricity would be £53 (I think!).

Otherwise your SOA is out of balance.

If you have already paid the TV licence i wouldnt put it in for this SOA as you dont need to pay again until next year.

**Amy**

jimpanzee wrote: »

i think my council will go down as i should get single persons discount

the cable /tv is the internet included too

i dont go to the pub or smoke i just finish work go out on my cycle or go on xbox live,

i worry if i pay the electric monthly it might not get paid

Your council tax will definitely go down by 25%.

The electric should get paid if you set up a direct debit. You could also get a discount for doing this, its worth a go.

jimpanzee

thanks ever so much

jimpanzee

boredofbeingathome wrote: »

If you have no arrears or anything it may be worth trying to apply for a couple of 0% cards. Have a look at the statements..they usually tell you the APR, and Martin has a guide about them as well.
You are no longer clueless as you are on here!:D

its only recentl;y that i have had missed payments and have had letters and warnings.