Newbie.. and needing help

Thepopster

Hi guys new to the board in need of help.. Going to sound like an utter noob. But theres so much info on here.

I got paid yesterday.. and I was off sick at work so i didnt get paid a lot at all Stat sick pay was awful. I dont get paid for being off work.

Anyways what i got paid isnt enough to cover my bills and i dont know what to do.

Just wondering.. Whats the quickest way to earn some cash now.. just little bits here and there??

Not got anything to really put on ebay as i do that now.

I have 2 credit card to pay off..
Car insurance
Gym
Loan (but i will have had another pay day by the time thats due)
Phone Bill

any advice would be great thanks
xxx Poppy the noob

bargainbetty

If you are recovered, could you look for some part-time work? Bar work, shop work, delivery work, anything?

Can you cancel the gym membership altogether? If your finances are so tight that one bad month puts you in the red, the gym looks like a bad bet overall. If you are normally decently covered, then ignore me! : )

There are sites like Quidco and survey sites that earn cashback, but you don't get them for a while - how long do you have to get the money together?

Also, look at your spending - can you cancel anything else? Sky TV, other memberships... if you want them back later, you might be able to take advantage of welcome discounts too.

Look at all your spending, and see if you can get cheaper deals elsewhere.

Go through your cupboards and see what you have, meal-planning to make sure you spend as little as possible on food.

You might find you could save a big chunk, so you need to earn less.

It might be worth calling your card providers and asking if you could make a lower than minimum payment for one month due to ill health, although try to avoid it. Notes on your account can come back and bite on the bum!

Good luck x

Thepopster

well ive just spent all morning looking online for part time work etc. The thing is with my job i work different days each week so going to have to find somewhere fairly flexible. Not a lot going around here

I dont know if i can cancel the gym ive jsut joined.. Normally im okay with my finances etc.. but like you said this 1 month its going to get me into trouble. I always pay bills etc i can afford to.

I'm only 19, 20 on monday so i don't have sky or anything really.

As for work I get the bus and the money comes out my wages as I work 25 miles away.. But because i get paid monthly i dont know what to do i cant ask them for a sub or anything.

Need money asap.. got direct debits out my ears and none can be cancelled just normal things need paying for :S

Numpty_Monkey

:hello: Hi poppy the noob:laugh:

Pay your essential bills first, and phone the rest tell them you can't pay the full amount,and explain the situation most prefer that than just not paying and will probably accept payments over a few months

Why don't you put up your SOA, the great and the good here will help you find ways to save money

poorandindenial

Can you have a quick rummage and sort out a load of stuff to take to do a car boot with tomorrow, friends/family might have stuff that they don't want too that you can take. You might not get a huge amount but at least it is cash in your hand that you might be able to sort one or two payments with.

Thepopster

what's SOA?

I really havent got anything to sell.. BUT... my friends got me a 26inch tv for free and a dvd player..when i get that i have a tv combi.. also another tv sat downstairs... forgot about that!!

Thepopster

? helppp lol

Numpty_Monkey

An SOA , is all your income and outgoings
http://www.makesenseofcards.com/soacalc.html

Thepopster

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 770
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 770

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 91.86
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 50
Clothing................................ 0
Petrol/diesel........................... 90
Road tax................................ 0
Car Insurance........................... 86
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 20
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........................... 0
Holiday................................. 0
Emergency fund.......................... 0
GYM..................................... 46
Payment to dad for car ................. 50
Total monthly expenses.................. 473.86

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 2500

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Secured Debt.................. 0........(91.86)....0
Total secured debts........... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
HSBC CC........................974.12....20........0
Capital one CC.................189.25....9.46......34.9
Total unsecured debts..........1163.37...29.46.....-

Monthly Budget Summary
Total monthly income.................... 770
Expenses (including secured debts)....... 473.86
Available for debt repayments........... 296.14
Monthly UNsecured debt repayments....... 29.46
Surplus(deficit if negative)............ 266.68

Personal Balance Sheet Summary
Total assets (things you own)........... 2,500
Total Secured debt...................... -0
Total Unsecured debt.................... -1,163.37
Net Assets.............................. 1,336.63

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.

something like this.. phone bills is on lowest tarrif £30..but is always more... so ive averaged it

Numpty_Monkey

Thepopster wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 770
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 770 is this full time

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 91.86
Rent.................................... 0 ??
Management charge (leasehold property).. 0
Council tax............................. 0 ??
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40 you could cut this a lot
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 50
Clothing................................ 0 ??
Petrol/diesel........................... 90
Road tax................................ 0 ??
Car Insurance........................... 86
Car maintenance (including MOT)......... 0 ??
Car parking............................. 0
Other travel............................ 20
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........................... 0 ??
Holiday................................. 0
Emergency fund.......................... 0 ??GYM..................................... 46
Payment to dad for car ................. 50 whats this
Total monthly expenses.................. 473.86

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 2500

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Secured Debt.................. 0........(91.86)....0
Total secured debts........... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
HSBC CC........................974.12....20........0
Capital one CC.................189.25....9.46......34.9
Total unsecured debts..........1163.37...29.46.....-

Monthly Budget Summary
Total monthly income.................... 770
Expenses (including secured debts)....... 473.86
Available for debt repayments........... 296.14
Monthly UNsecured debt repayments....... 29.46
Surplus(deficit if negative)............ 266.68

Personal Balance Sheet Summary
Total assets (things you own)........... 2,500
Total Secured debt...................... -0
Total Unsecured debt.................... -1,163.37
Net Assets.............................. 1,336.63

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.

something like this.. phone bills is on lowest tarrif £30..but is always more... so ive averaged it

There are a lot of things missing, so im taking a guess you still live with your parents, I think that all your surplus income goes to the missing amounts,no haircuts,no entertainment,no clothes
Have you thaught about keeping a spending diary? just write down everything you spend it is amazing how much the odd 20p for this 90p for that adds up, and get thatt under control and save it in an emergancy fund

Thepopster

yeh I still live with mum etc.

But my main problem is finding money to pay this months bills because like i said normally i can pay them all off no problem and have money left over.