I Give Up I Have Had Enough!!!!

TotallyBroke

emlc27 wrote: »

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Statement of Affairs and Personal Balance Sheet



Monthly Income Details

Monthly income after tax................ 1415

Partners monthly income after tax....... 0

Benefits................................ 0

Other income............................ 0

Total monthly income.................... 1415



Monthly Expense Details

Mortgage................................ 0

Secured loan repayments................. 0

Rent.................................... 106

Management charge (leasehold property).. 0

Council tax............................. 0

Electricity............................. 0

Gas..................................... 0

Oil..................................... 160

Water rates............................. 0

Telephone (land line)................... 22.49Reduce this. BT is only £10.50per month others could be cheaper

Mobile phone............................ 100Reduce this or cancel. If landline is only for calls then why do you need both

TV Licence.............................. 13

Satellite/Cable TV...................... 0

Internet Services....................... 0

Groceries etc. ......................... 100For one person this is high you can reduce this by meal planning and going no frills labels

Clothing................................ 0

Petrol/diesel........................... 160See if this could be reduced slightly.

Road tax................................ 10

Car Insurance........................... 29

Car maintenance (including MOT)......... 10

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........................... 0

Holiday................................. 0

Emergency fund.......................... 0

(Unnamed monthly expense)............... 0

Total monthly expenses.................. 710.49



Assets

Cash.................................... 0

House value (Gross)..................... 0

Shares and bonds........................ 0

Car(s).................................. 1000

Other assets............................ 0

Total Assets............................ 1000



No Secured Debt



Unsecured Debts

Description....................Debt......Monthly...APR

B/F CC.........................2000......50........17.9

dad............................2000......200.......0

gas............................400.......100.......0

laptops........................900.......0.........0

sister ........................500.......0.........0

tax............................2250.31...280.......0

water2.........................135.......25........0

water1.........................201.......25........0

elec...........................538.......91.5......0

Total unsecured debts..........8924.31...771.5.....-



Monthly Budget Summary

Total monthly income.................... 1,415

Expenses (including secured debts)....... 710.49

Available for debt repayments........... 704.51

Monthly UNsecured debt repayments....... 771.5

Surplus(deficit if negative)............ -66.99



Personal Balance Sheet Summary

Total assets (things you own)........... 1,000

Total Secured debt...................... -0

Total Unsecured debt.................... -8,924.31

Net Assets.............................. -7,924.31

Can you consider some overtime at work or some part time work elsewhere.
If your figures are totally correct i.e. you spend no more then a minus of £67 is not too bad.
Do a spending diary to make sure everything is 100%

anniecave

where did the council tax go to on your SOA ?

emlc27

anniecave wrote: »

where did the council tax go to on your SOA ?

I put it into the unsecured credit as it has arreas

emlc27

I guess I am not going to get out of the short term problems with regards to the laptops and dad

milliemonster

Em, do you live with your boyfriend? what does he contribute to things?

emlc27

YEs I live with him, but he has to pay for the children and he also has a tie with a caravan he bought when he left his wife - this is for anohter 2 years yet. Nothing can be done about giving it up early. he also has no money left after bills

TotallyBroke

You need to put the monthly amount for this years council tax in the outgoings and the arrears amount into unsecured debt.

I can't see a way of you getting that money and soon. Apart from doing some extra work and selling everything you can. But you won't have the money for a while.

I'm sorry I wish I could offer you some advice on raising the cash but I can't.

milliemonster

which bills em, just the children and the caravan?, your SOA needs to be joint

ajaney

Hi,

I have been reading your thread & unless you have things you could sell on ebay, I cannot see an easy way out of your short term problem. There are things that can be done going forward to improve you situation in terms of reducing bills but that does not particularly help the situation now.

some friends of mine got themselves in a pickle, when one lent the other money & then she couldnt pay it back. In the end, the borrower gave the lender some jewellry as 'collateral' till it could be paid back (at a rate of £15 per week). I know this isnt a very nice or easy thing to do as you will have to come clean, it might keep your friends onside?????

anyway, i hope it works out for you.

emlc27

milliemonster wrote: »

which bills em, just the children and the caravan?, your SOA needs to be joint

Our finances are not joint so I cant really put his info down.

He has the house mortgae where his children live and the rental at the caravan site then all the normall bills for his car etc etc