Another Debt Free Diary :)

ElizabethJH

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1180
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 100
Total monthly income.................... 1280
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 270
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 22
Gas..................................... 8
Oil..................................... 0
Water rates............................. 36
Telephone (land line)................... 10
Mobile phone............................ 35
TV Licence.............................. 11
Satellite/Cable TV...................... 0
Internet Services....................... 11
Groceries etc. ......................... 80
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 50
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Gym..................................... 32.5
Total monthly expenses.................. 725.5

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................1515.76...35........19.9
Abbey..........................1687.18...35........24
Vanquis........................60.09.....5.........41.19
Mom & Dad......................874.......30........0
Overdraft......................1500......10........0
Total unsecured debts..........5637.03...115.......-

Monthly Budget Summary
Total monthly income.................... 1,280
Expenses (including HP & secured debts). 725.5
Available for debt repayments........... 554.5
Monthly UNsecured debt repayments....... 115
Amount left after debt repayments....... 439.5
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -5,637.03
Net Assets.............................. -5,637.03
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

ElizabethJH

I need to somehow make a further £200 a month to get to my target of £8K by Xmas 2009.... I've only put £100 for working at the weekends... this could be a lot more if the shifts come in though so fingers crossed for that!! Also have only budgeted £12.50 a week entertainment and £20 a week Food... These two kind of overlap so lets say I have £32.50 a week budget starting from Friday!!

Here's needing some luck but I'm determined to do it!!

ElizabethJH

Just thought I'm already paying £115 to my bills so with the £439 Surplus = £554... so technically only need to find an extra £112 a month.... Straight away Feb and March I'll have the £70 from Council Tax It's definitely doable!!... right just time to make my PAD before lunch is over xxx

natsplatnat

YAY!! Well done - that does seem doable, especially if you get some extra weekend shifts!! Looks like its all going well!!

ElizabethJH

natsplatnat wrote: »

YAY!! Well done - that does seem doable, especially if you get some extra weekend shifts!! Looks like its all going well!!

Yes it does!! I think this weekend I'm going to pay off my Vanquis and House of Fraser (I've missed HOF off above £165 by mistake but if I pay off won't matter) make my minimum payments and PAD's and then let the water settle and see what's left!! 2 days until Pay Day!! :beer:

natsplatnat

Sounds like a plan - the sooner Vanquis is gone.... the better!

Lemon_Tree

thanks for mentioning the pizza hut offer, i'd forgotten that i have an email about it, looks like OH may go there next week on our day off, also using out McD's cinema tickets.

smarties84

WELL DONE looking good, yes i also have a vanquish card i want to get rid of asap

ElizabethJH

Well it's the day before pay day and I've managed a £3.23 payment to MBMA I've had a look at my monthly outgoings and it's going to be a tight month.... ha ha, I think they all are going to be to be honest!!

Well these are going to be my targets for Februrary...

My Main Challenge:

• PAY OFF VANQUIS AND HOUSE OF FRASER CC's

and then some various ones that if I make great if I don't then I won't be kicking myself

• Pay off at least £666 off CC's in total
• Stick to £32.50 a week budget for Entertainment and Food
• Stick to £20 a month clothes budget
• Put at least 5 items of clothing on ebay

Plans for this weekend include: After work drinks on Friday 23rd, Beer Festival (with Dad) Saturday 24th Afternoon, Burns Night Party Saturday 24th Evening. Ok so that's a lot of plans and only £32.50 to spend... but I can do it! (Good job I have enough food in the house for the week!)

Rest of the month I need to go out for a friend's Hen Party on the 30th Jan, Go to a Wedding on the 14th Feb (OH's cousin) and then WORK WORK WORK!!!

I'll keep checking in to let you know how I'm getting along... I NEED to earn more money this month so will survey etc at lunchtime as well :A

natsplatnat

All looking good and organised Elizabeth!!

A wedding on valentines day is almost as bad as the one I went to on NYE!! What possesses people I wonder?

Glad you feeling positive - it does generally seem that way at the mo - I think most people have got back into their DFW / MSE ways after crimbo!