my soa i think ive got all mixed up

emlv2000

ok well this is really hard for me but here we go im cringing now.


income weekly
wftc + ctc £175
child benefit £ 31
partners income and my part time 95 p week

total income =301.00pwk



monthly/weekly outs:
gas 20.20 week
elec prepment meter 20 week
st water 35 finishes this month until apr
tv lic 17.50 finishes this month until apr
shopping 75 week
petrol 20.00 week
kids 10.00 week
virgin or car ins 30 week
fags 20 week

debt
o/d 750 pment 5.00 pwk
o/d 2 300 pment 5.00 pwk
barclaycard 4000 40 pmth pment plan
lloyds loan 7996 30pmth pment plan
lloyds c/c 1000 10pmth pament plan
capital 1 800 7.50 pmth pment plan
argoscard 7.50pmth pment plan
choice 300 no pment
kays 1000 no pment
lwoods 500 no pment all my catalogues are in dispute as i am waiting for credit aggreements
black horse 4000 50pmth pment plan

i pay my gas on weekly card when trying to switch not a lot will offer this they all want d/d i dont want any d/d as i have none going out at all that way i dont get into trouble with bank.
i have no debt with my current bank it runs smoothly.

emlv2000

i have started the payment a day and have got £16 but what do i pay off first i already tfer 10 pwk from my current account to my o/d's so they are prunning themselves oh where to start?

pania

just a quick bump for you emlv

fizz190

Hiya,

In terms of which to pay first, I would go with whichever is charging the highest interest rate (barring those in dispute).

I'm sure some others will be along shortly with some grand advice for your SOA.

Good luck
Fizz

RAS

Well done but there are some things we really need to check

emlv2000 wrote: »

income weekly
wftc + ctc £175
child benefit £ 31

Total £206

Is this your entire household income?

monthly/weekly outs:

gas 20.20 week - this is very high - do you have arrears
elec prepment meter 20 week - this is very high even on pre-payment - do you have
st water 35 finishes this month until apr
tv lic 17.50 finishes this month until apr
shopping 75 week
petrol 20.00 week
Car tax??
Car maintenance and MOT?
kids 10.00 week
virgin or car ins 30 week - what is virgin?
fags 20 week

£195.20 per week after this month

Currently £242.70

So you cannot afford even to pay you basic outgoings on your current income.

emlv2000 wrote: »

debt
o/d 750 pment 5.00 pwk
o/d 2 300 pment 5.00 pwk
barclaycard 4000 40 pmth pment plan
lloyds loan 7996 30pmth pment plan
lloyds c/c 1000 10pmth pament plan
capital 1 800 7.50 pmth pment plan
argoscard 7.50pmth pment plan
choice 300 no pment
kays 1000 no pment
lwoods 500 no pment all my catalogues are in dispute as i am waiting for credit aggreements
black horse 4000 50pmth pment plan

Where do you get the money from to pay these as you have nothing in your income to fund them?

Have you spoken to any of the debt charities?

emlv2000

sorry :rotfl: i knew i was mixed up a bit i forgot my income that i get from cleaning £25 a week
thank you for pointing this out im oplissss x also bill money from husband 70 per week

annamc75

If you cant stop smoking at the moment then go onto tobacco and papers - so much cheaper and not nearly as pleasant to smoke.

How many are you feeding each week? Do you have any pets? You might well be able to trim something off the budget there too.

emlv2000

i did my shopping yesterday and downgraded all my shopping came to 65 instead of 80 i took the challenge i was pleased with that.
in my house there are 4 people and a dog a jack russell who eats 1 box of bakers every 3 weeks so i preety much save there already. xx

Deep_In_Debt

Hi and welcome
Do you have a Lidl, Netto or Aldi near you? I've saved loads on my weekly shop by shopping in Lidl. Just a thought.

Re smoking - I know where you are coming from but since I changed to roll-ups I'm smoking a lot less and save loads financially. Also, the NHS do free stop smoking sessions - might be worth giving them a try.

Good luck.

emlv2000

thank you for this good advice i will try these supermarkets, with regard to smoking i have tried rollups but i hated them and had a sore throat for 2 weeks i just cant smoke them i dont feel i want to stop at the mo i beleive you have to want to quit to be succesful and i just dont at the mo, but thanks for the advice the support means alot.
:beer: :j :money: :T

beanielou

Just wanted to say hi & welcome & well done you on making a start.