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Please please someone help
Comments
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I can't really help with DMP's as my creditors refused mine
.. but that was before I found this site and I did try it on my own with no knowledge of what I should be doing!!
Just wanted to pop back to say good luck, hope it works out for you
:hello:Save a little money each month and at the end of the year you’ll be surprised at how little you have.An eye for an eye only ends up making the whole world blind0 -
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 407
Partners monthly income after tax....... 0
Benefits................................ 750
Other income............................ 140
Total monthly income.................... 1297
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 180
Management charge (leasehold property).. 0
Council tax............................. 115
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 23.5
Mobile phone............................ 50
TV Licence.............................. 24
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 20
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 40
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 240
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 40
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 1102.5
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 5000
No Secured Debt
Unsecured Debts
Description....................Debt......Monthly...APR
Hsbc (Loan,CC,OD)..............11000.....60........NaN
Lloyds TSB (OD,CC).............3500......80........NaN
Capital One....................200.......10........NaN
Orange.........................169.......15........NaN
Argos..........................400.......30........NaN
Total unsecured debts..........15269.....195.......-
Monthly Budget Summary
Total monthly income.................... 1,297
Expenses (including secured debts)....... 1,102.5
Available for debt repayments........... 194.5
Monthly UNsecured debt repayments....... 195
Surplus(deficit if negative)............ -0.5
Personal Balance Sheet Summary
Total assets (things you own)........... 5,000
Total Secured debt...................... -0
Total Unsecured debt.................... -15,269
Net Assets.............................. -10,269
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.0 -
is this what you meant jes? (previous post i left to this) as you can see, just scraping along.....JUST lol
I have just emailed payplan......got a few questions for them so hopefully they'll call soon. not got the guts to call them myself
thanks everyone0 -
Just one thing I noticed (yep i'm still here
) .. are you living alone? Do you get the single persons discount for council tax?
I know some people don't know about this and can make a bit of a difference!:hello:Save a little money each month and at the end of the year you’ll be surprised at how little you have.An eye for an eye only ends up making the whole world blind0 -
yeah hun. live alone, well, me and little one. only moved in in sept and this is council tax from then till feb.....calculated to start payment next month. so next yr, should be lower payments.0
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does anyone know if Lloyds TSB do a DMP?
i hav just read that HSBC do? any help?
thanks everyone xxx0 -
Em
Did you apply for single person's discount?
have look here as well http://www.moneysavingexpert.com/protect/make-money
Looking at your SOA, your phone and mobile costs are high as is your contents insurance. Cut back your deals, use the comparision sites to find the cheapest deals and then sign up with the cashback sites like www.quidco.com.
Also sign up for www.freecycle.org - like e-bay but free.If you've have not made a mistake, you've made nothing0 -
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 407
Partners monthly income after tax....... 0
Benefits................................ 750
Other income............................ 140
Total monthly income.................... 1297
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 180
Management charge (leasehold property).. 0
Council tax............................. 115
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 23.5
Mobile phone............................ 50
TV Licence.............................. 24
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 20
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 40
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 240
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 40
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 1102.5
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 5000
No Secured Debt
Unsecured Debts
Description....................Debt......Monthly...APR
Hsbc (Loan,CC,OD)..............11000.....60........NaN
Lloyds TSB (OD,CC).............3500......80........NaN
Capital One....................200.......10........NaN
Orange.........................169.......15........NaN
Argos..........................400.......30........NaN
Total unsecured debts..........15269.....195.......-
Monthly Budget Summary
Total monthly income.................... 1,297
Expenses (including secured debts)....... 1,102.5
Available for debt repayments........... 194.5
Monthly UNsecured debt repayments....... 195
Surplus(deficit if negative)............ -0.5
Personal Balance Sheet Summary
Total assets (things you own)........... 5,000
Total Secured debt...................... -0
Total Unsecured debt.................... -15,269
Net Assets.............................. -10,269
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.
Check your getting your single persons allowance on your council tax.
Gas and electric are high - check you're turning everything off and check you're on the cheapest tarrif/with the right supplier.
Mobile phone is high - go PAYG or knock your contract down.
Contents insurance is high - check what you're getting and shop around for a cheaper policy when it's up for renewal.
Also check the entitled too website (someone will give you the link I'm sure) and check you're getting all the benefits you should be.
HTH"Start every day off with a smile and get it over with" - W. C. Field.0 -
Also check the entitled too website (someone will give you the link I'm sure) and check you're getting all the benefits you should be.
HTH
Here you go
http://www.entitledto.co.uk/entitlementcalculator.aspx:hello:Save a little money each month and at the end of the year you’ll be surprised at how little you have.An eye for an eye only ends up making the whole world blind0 -
This is EXACTLY what I mean, em - well done!
Let's be having a look for you:
Well, this isn't anywhere near as bad as you feared - you only need to find 50p a month to be repaying the minimum on all your debts each month, and I assure you you can easily find that!Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 407
Partners monthly income after tax....... 0
Benefits................................ 750
Other income............................ 140
Total monthly income.................... 1297
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 180
Management charge (leasehold property).. 0
Council tax............................. 115 - have you checked to make sure you are getting single persons discount? I had to apply for mine after I moved in. Make sure you reclaim any overpayments
Electricity............................. 50- seems quite high - have you checked changing supplier?
Gas..................................... 50- also seems high - have you checked changing supplier?
Oil..................................... 0
Water rates............................. 20 - not bad - if you're on a meter you could possibly save a little here with a few somple water saving habits, like a save-a-flush/water hippo in your toilet tank, turning off taps when brushing teeh/ashing veg etc.
Telephone (land line)................... 23.5 - does this include internet?
Mobile phone............................ 50 - VERY high - can you change tarrif/go PAYG?
TV Licence.............................. 24 - a new-ish license, right? Should be half this after 6 months
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100 - not bad, could be reduced a little with care and able assistance from those on the Moneysaving Old Style part of this forum! (I aim for about £50 a month)
Clothing................................ 20 - if you can drop this for a few months, you can make some big dents into your debts!
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 40 - looks rather high - have you shopped around for a cheaper deal?
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 240 - ouch! Make sure you're getting all your benefits...
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0 - should there be something here?
Contents insurance...................... 40 - does this include building insurance? Even if it does, it's pretty high! Have a shop around.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20 - would be better spent paying off your debts for now
Total monthly expenses.................. 1102.5
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 5000
No Secured Debt
Unsecured Debts
Description....................Debt......Monthly...APR
Hsbc (Loan,CC,OD)..............11000.....60........NaN - can these be split into their individual parts, please?
Lloyds TSB (OD,CC).............3500......80........NaN - can these be split into their individual parts, please?
Capital One....................200.......10........NaN
Orange.........................169.......15........NaN - Target number one! Low balance, high miminum payment (therefore high interest rate), quick win!
Argos..........................400.......30........NaN
Total unsecured debts..........15269.....195.......-
Can you find out the APRs for these?
Monthly Budget Summary
Total monthly income.................... 1,297
Expenses (including secured debts)....... 1,102.5
Available for debt repayments........... 194.5
Monthly UNsecured debt repayments....... 195
Surplus(deficit if negative)............ -0.5
Personal Balance Sheet Summary
Total assets (things you own)........... 5,000
Total Secured debt...................... -0
Total Unsecured debt.................... -15,269
Net Assets.............................. -10,269
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.
I suggest you start keeping a spending diary - I'm not in debt, but I have a custom spreadsheet I use to keep track of EVERYTHING I spend, as it keeps me from frittering money away and helps me save up for home improvements.
*hugs* Sleep easier, em - you can beat this!
~Jes Never underestimate the power of the techno-geek...
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