Advice lease

emmington_2

OMG I need advice! I have not aid various bills in months. I have comanies ringing me u asking for money. I have not enough money to even ay my bills... as you can see there is one letter not working on my comuter.... I have not aid my rent seven hundred in order to save money for the deosit for the new house which my house mates are meant to ay as well but dont have the money.... I am meant to ay council tax etc but still have my own debts to ay for... so many of them retty much all of my wages... and now with the extra money... so much more to sort out. Not enough money to send on all od the bills for all of us!!!!!!!!

fatbelly

Hi emmington

Is it your 'p' key that's broken, by any chance?

If you're going to be sharing a house with your mates I think the deal should be 'everyone pays their share or the deal's off'

If you want to post a statement of affairs we can do some checking to see if we can suggest ways of increasing your income/decreasing your expenditure/managing your debts.

It's a bit hard to do without solid info.

There's a calculator here.

emmington_2

Hi Yes it is that articular button that is broken. Nightmare. Here is what you asked for; I gather that this will accommodate what you were after..... thanks!!!!!!


Congratulations on completing your SOA. What you need to do now is to highlight, copy and paste everything (yes, I mean everything) below the line into a post on the MSE website. When you have done that, you can type any other relevant information at the end of the post.

<===== Copy and paste EVERYTHING below this line into your MSE post =====>


Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1600
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1600

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 50
Rent.................................... 800
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 50
Mobile phone............................ 70
TV Licence.............................. 20
Satellite/Cable TV...................... 40
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 100
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 50
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 100
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1830

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

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Secured Debt.................. 0........(50).......0
Total secured debts........... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................2000......50........20
Loan...........................2000......50........30
Loan...........................3000......113.......30
Total unsecured debts..........7000......213.......-

Monthly Budget Summary
Total monthly income.................... 1,600
Expenses (including secured debts)....... 1,830
Available for debt repayments........... -230
Monthly UNsecured debt repayments....... 213
Surplus(deficit if negative)............ -443

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -7,000
Net Assets.............................. -7,000

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.

Scubajay

Hi all,
I am a good friend of Emmington's and have some knowledge of her circumstances. The fact that her "P" key doesn't work is not a great help either so I have got her permission to post some of her info which she will clear up in more detail later. She is needing real help....and not just with a new keyboard.


Emmington is fully employed and due to a quirk of accounting we get paid every 4 weeks (we work for the same job). The bonus of this is that we get 13 not 12 pay packets a year, but the downside is that if you are a financial nightmare like us it becomes hard to manage money because payday is different every month as the year cycles round. Direct debits are a pain in the behind to manage when you are paid like this. Anyway....I digress.

She rents a house with two house-mates who have just recently become unemployed. Whilst they hunt for work Emm is left paying the bills, and she has debt problems of her own. We both work in jobs that frown on debt so this needs to be fixed without too much time being wasted, and as an aside, due to everything going wrong at once she may be in dire straits in her house as rent is overdue. Should she be evicted she will lose the security deposit, and be homeless too. Awesome.:eek: She needs help from people who can pull her out of the fire, and I have recommended this site as I have seen countless people saved in the nick of time in similar/worse circumstances.:j

Right....down the where the metal meets the meat:

Incomings: £1600 - paid every 4 weeks. Overtime not guaranteed, but can be as much as £200 extra in each pay packet. Emm has signed up to do loads of extra shifts to get some extra loot coming in.

Outgoings:

Rent - £800
Council tax - £100
Sky TV - £ 40
phone/internet -£200 every 3 months
food/groceries - £250 per month
Booze - £50 per month

Bills:

Loan 1 - £150
Loan 2 - £50
C/cards - £100

A more detailed SOA is being compiled right now and she will post this when completed.

The rent on her house was due over a week ago and all the money is gone this month as she had to pay £1600 rent/security deposit in advance.

She recently quit smoking so there is some small amount of extra ching there, and she is aware that sky tv might be going out the window, along with cheaper shopping on the way.

No savings to raid as such, and house-mates are looking for work....although if they look too long then they might be getting a rocket up the butt to "move things along a little". I believe that bills are shared.....just while they are unemployed she is bak rolling the home. Refunds of any bills incurred will be refunded as they are real friends, not waster/spunger types.

Emma - over to you.........I know you are rubbish with computers, but hey - now you get to learn how to cut and paste as well as get out of the red (I hope!!)

Scubajay

Bump. Is there anybody out there that can cast an eye and some advice?

Ames

emmington wrote: »

Hi Yes it is that articular button that is broken. Nightmare. Here is what you asked for; I gather that this will accommodate what you were after..... thanks!!!!!!


Congratulations on completing your SOA. What you need to do now is to highlight, copy and paste everything (yes, I mean everything) below the line into a post on the MSE website. When you have done that, you can type any other relevant information at the end of the post.

<===== Copy and paste EVERYTHING below this line into your MSE post =====>


Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1600
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1600

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 50 What's this for? How is there a secured loan when you're renting?
Rent.................................... 800
Management charge (leasehold property).. 0
Council tax............................. 100 This is a priority, they can send you to prison for not paying so if it's this or the cc's then it's this.
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 50 Ouch, can this be cut?
Mobile phone............................ 70 Double ouch! Go PAYG.
TV Licence.............................. 20 I'm guessing this has only just been set up, it should go down after 6 months.
Satellite/Cable TV...................... 40 Not necessary, get freeview.
Internet Services....................... 0
Groceries etc. ......................... 250 If this is for one person it can be cut a lot.
Clothing................................ 100 Not necessary, cut this out until you're back on your feet.
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0 Surely there should be something here, bus fares etc?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 Should be something here, even if it's just a few pounds a month.
Pet insurance/vet bills................. 50 What's this for?
Buildings insurance..................... 0
Contents insurance...................... 10 Go through quidco when it needs renewing, I know people on here have had great deals, even ending up getting it for free.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 Cut this, just presents for nearest and dearest, and cheaper ones at that
Haircuts................................ 100 :eek: I pay £4 at my local hairdressing college. 100 a month is extortionate!
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1830

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

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Secured Debt.................. 0........(50).......0
Total secured debts........... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................2000......50........20
Loan...........................2000......50........30
Loan...........................3000......113.......30
Total unsecured debts..........7000......213.......-

Monthly Budget Summary
Total monthly income.................... 1,600
Expenses (including secured debts)....... 1,830
Available for debt repayments........... -230
Monthly UNsecured debt repayments....... 213
Surplus(deficit if negative)............ -443

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -7,000
Net Assets.............................. -7,000

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.

I'm not one of the experts but I've put my comments above.

~Beanie~

emmington wrote: »

Statement of Affairs and Personal Balance Sheet

Water rates............................. 50
This seems high?

Telephone (land line)................... 50
Mobile phone............................ 70
You should definately be able to reduce both of these


Satellite/Cable TV...................... 40
Get rid of it


Groceries etc. ......................... 250
This is ridiculous for one person, you can halve it at least

Clothing................................ 100
Needs to be cut drastically

Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
How do you get to/from work?


Pet insurance/vet bills................. 50
What is this for?


Haircuts................................ 100
Is your '0' button stuck lol, surely this can't be per month


Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................2000......50........20
Loan...........................2000......50........30
Loan...........................3000......113.......30
Total unsecured debts..........7000......213.......-
Is the APR for those loans correct?

There are a few savings you could make highlighted above.

Is your credit rating good enough to get a 0% credit card or one with a lower interest rate to transfer those high APR debts to?

misspoppy

Hi

I hate to say this but you aren't a charity and you need to set up an agreement that each person pays their share of the rent to the landlord and for that matter see if they will take over the council tax so you aren't left paying for everyone or being held responsible for everyone.

You've had good advice about cutting back but if you weren't bank rolling everyone else you would have such a problem.

GeorgeUK

Totally agree - make sure that anything extra you have been paying on behalf of others is logged and they agree to pay this back.

If you need a p (i know that sounds bad), hold down the ALT key and on the number keypad type 0122

Secured loan repayments................. 50
This is a priority debt and you must make sure this is paid before any unsecured debts like the creditcard

Council tax............................. 100
If paying over 10 months, can you ask to pay it over 12?

Electricity............................. 50
Gas..................................... 50
Look at the comparison sites to see you are getting a good deal (uswitch, moneysupermarket) make sure everything is turned off at night and possibly switch to energy saving bulbs

Mobile phone............................ 70
PAYG?

Telephone (land line)................... 50
Satellite/Cable TV...................... 40
Internet Services....................... 0
Is this a package deal?

Groceries etc. ......................... 250
How many is this for? Have you moved down a brand? (shops own) Have a look at the oldstyle board for mealplans.

Clothing................................ 100
every month?

Other travel............................ 0
Do you walk/cycle to work?

Pet insurance/vet bills................. 50
Contents insurance...................... 10
Again, check the comparison sites to see you are getting the best deal.

Presents (birthday, christmas etc)...... 20
Haircuts................................ 100
These need to be cut back - you can't afford this much

If these are monthly bills, your wage would work out to approx 1720 per month (4.3 weeks per month)

I agree with Beanie - if those APR's are correct, that's just plain scary.
As suggested a 0% card may help. Not sure what you currently have, but virgin are offerring 0% for 16 months and the minimum monthly payment is only £25 from the 2nd month which may give you a little breathing space. Even then you will need to make sure that after the 16 months are over you will be able to pay more than the minimum or transfer this to another card. It looks very tight right now, especially with you carrying others.

emmington_2

The hair thing is that amount every six weeks not every month and yes I guess I could maybe find an alternative. The groceries bill is high because I am getting it for everyone else. Yes I know I am stuid. The phone bill; I could get pay as you go but a phone is essential to my work and so if I didnt have credit I would be a bit stuffed really. I get the train to work for free so no money spent there. I think that really my problem is not only not having enough money but also not being particularly organised when it comes to paying stuff. I.E. I do not get on with direct debits at all and never really take note of how much I have; I just take the money out and spend it without realising that it should be for bills and in fact I shouldn't be spending any. Any tips on organisational skills appreciated???

emmington_2

Oh and the credit card thing with zero percent is a really good idea however unfortunately my credit rating is so pants that I cannot get credit agreed for anything that isn't a zillion percent.