New Debt Free Wannabe!

laurenjs88

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1126.98
Other income............................ 0
Total monthly income.................... 1126.98

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 485
Management charge (leasehold property).. 0
Council tax............................. 67.38
Electricity............................. 40
Gas..................................... 0
Oil..................................... 0
Water rates............................. 48.53
Telephone (land line)................... 15
Mobile phone............................ 20
TV Licence.............................. 11
Satellite/Cable TV...................... 22
Internet Services....................... 16
Groceries etc. ......................... 170
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100
Childcare/nursery....................... 0
Other child related expenses............ 50
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)...... 20
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1094.91

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

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Voda...........................97........36........0
Eon............................231.5.....0.........0
Anglian Water..................427.57....0.........0
Avon...........................37.54.....0.........0
Family.........................2220......0.........0
Total unsecured debts..........3013.61...36........-

Monthly Budget Summary
Total monthly income.................... 1,126.98
Expenses (including secured debts)....... 1,094.91
Available for debt repayments........... 32.07
Monthly UNsecured debt repayments....... 36
Surplus(deficit if negative)............ -3.93

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -3,013.61
Net Assets.............................. -3,013.61

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.


1 Adult, 1 Baby, No car but pay petrol to my friend at £20 for everytime i go to stay at him to pay the petrol to and from mine he lives 60 miles away. I pay the petrol and he feeds us for free! bless him.

laurenjs88

Oh just thought i only have a hair cut about every 4 months ( coz im so skint lol! but it averages at a tenner a month)

dancingfairy

Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 485
Management charge (leasehold property).. 0
Council tax............................. 67.38 is this with the single person discount?
Electricity............................. 40 is this the cheapest? can you switch everything off when not in use? not too bad though.
Gas..................................... 0
Oil..................................... 0
Water rates............................. 48.53
Telephone (land line)................... 15
Mobile phone............................ 20
TV Licence.............................. 11
Satellite/Cable TV...................... 22 can you get rid of this?
Internet Services....................... 16
Groceries etc. ......................... 170 not bad but I suspect you could shave a bit off here- check out MoneySavingOldstyle for loads of hints and tips.
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100 this seems quite high - what's this?
Childcare/nursery....................... 0
Other child related expenses............ 50 what's this for?
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 I think you might need this even if only for 10 a month?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1094.91

The trouble is you appear to be overspending by about 3 a month - not much I know but it all adds up - before repaying the debts - what is Voda that you are repaying 36 a month to?
Well done for trying to get it sorted though.
df

laurenjs88

Im tied into a 12 month contract with the sky i tried to get out of it as we got it when i had a partner living with me! *DOH* so cant get rid of that till April grr...

I did have contents insurance but other than my laptop, bed, coffee table, tv stand, crockery & clothes everything is second hand as it was given to me by a charity when i first moved in. So i cancelled it a few weeks ago.

According to my Meter its costing over £2 a day to run my flat!! so im not paying enough, i was paying £25 as i didnt no what to pay, but that how i got into so much debt with Eon.

I have storage heaters its silly having them on as they are placed under the bloody windows which are the old metal framed ones, most of them are broken anyway..

My shopping is probably less than that my last fortnight shop was £30 this fortnight was £60ish as i needed to buy cleaning stuff, bin bags, washing powder etc...

£50 is for nappies, milk, baby medicines, baby related spends etc..

£100 other travel is for petrol to my friends and back & the train travel i do over to my mums and friends etc..

Numpty_Monkey

laurenjs88 wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1126.98
Other income............................ 0
Total monthly income.................... 1126.98

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 485 do you get housing benifit
Management charge (leasehold property).. 0
Council tax............................. 67.38 do you get single persons discount
Electricity............................. 40
Gas..................................... 0
Oil..................................... 0
Water rates............................. 48.53
Telephone (land line)................... 15 you can get landline and internet for £17 per month
Mobile phone............................ 20 can this be cut down?
TV Licence.............................. 11
Satellite/Cable TV...................... 22 Switch to freeview
Internet Services....................... 16 with landline
Groceries etc. ......................... 170 this can be cut, look on OS board, meal planning, batch cooking,drop a brand...loads of ideas on there
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100
Childcare/nursery....................... 0
Other child related expenses............ 50
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)...... 20
Haircuts................................ 10
Entertainment........................... 0 you need something
Holiday................................. 0
Emergency fund.......................... 0 you need something
Total monthly expenses.................. 1094.91

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

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Voda...........................97........36........0
Eon............................231.5.....0.........0
Anglian Water..................427.57....0.........0
Avon...........................37.54.....0.........0
Family.........................2220......0.........0
Total unsecured debts..........3013.61...36........-

Monthly Budget Summary
Total monthly income.................... 1,126.98
Expenses (including secured debts)....... 1,094.91
Available for debt repayments........... 32.07
Monthly UNsecured debt repayments....... 36
Surplus(deficit if negative)............ -3.93

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -3,013.61
Net Assets.............................. -3,013.61

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.


1 Adult, 1 Baby, No car but pay petrol to my friend at £20 for everytime i go to stay at him to pay the petrol to and from mine he lives 60 miles away. I pay the petrol and he feeds us for free! bless him.

I've left a few comments on your SOA

and well done for doing it:T


you just answered a few questions

laurenjs88

I get the flat & the council tax paid completly.

Im stuck in 12 month contracts for the phone, internet & the Sky untill April 09 but will be combining them then!

I try to use my mobile to keep the calls less on the Landline so only texts, £20 is 500 texts, which does me for the month and gives me free calls at the weekend otherwise my monthly landline bill would be ridiculas.

I currently shop on everything Value as it is!! i have no more brands to drop! I mangaed to get £80 worth of shopping for £36 by buying sainsburys basics a few weeks ago... Taste's like cr*p but beggars cant be choosers and all that..

I really need to do a budget sheet on Excell but i have got no idea how to set one up! i try to do everything on my card so i can see where my money is going but im still continously going into negative figures! I am not allowed an overdrawft so its bank charges all the way! Yippee!!

Numpty_Monkey

Why don't you try using cash, take out a set ammount of money each week when its gone its gone till next week
and keep a spending diary, just a notepad with what you spend

Martin has a budget planner on this site somewhere
Budget Planner

:A

laurenjs88

Yer... Will start that today have a re-jig of my figures!

Crap_with_money.com

laurenjs88 wrote: »

Oh just thought i only have a hair cut about every 4 months ( coz im so skint lol! but it averages at a tenner a month)

Do you have a college nearby that does hairdressing? My mum went to our local one last week and it cost her £19.50 for a cut and colour - she had a base colour and then highlights, but if she'd just had one colour it would've been £14.50.

I'm like you, my way of saving money on my hair was just to have it done less often - but my mums looks so fab I'm booked into the college for next week! I'm a bit nervous since I'm quite vain about my hair - but if it turns out half as good as hers I'll be happy!

It wouldn't save a huge deal - but every little helps!!

xx

Crap_with_money.com

laurenjs88 wrote: »

I get the flat & the council tax paid completly.

I try to use my mobile to keep the calls less on the Landline so only texts, £20 is 500 texts, which does me for the month and gives me free calls at the weekend otherwise my monthly landline bill would be ridiculas.

when you say you have rent and council tax paid completely, have you included this in your income? Or does that mean you have another £552,38 available?

Are you under contract for your mobile deal as well? My contract is with O2, I pay £20 per month and get 1000 texts, 500 anytime, any network mins, and free O2 - O2 calls (Although this could've been swapped for free landline calls or free internet usage).

You might be able to get a good enough deal on your mobile to cancel the house phone altogether?

xx