hanging my head in shame

Former_Spice

worried_jim wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1674
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1674

Monthly Expense Details
Mortgage................................ 715
Secured loan repayments................. 228
Rent.................................... 0
Management charge (leasehold property).. 91
Council tax............................. 96
Electricity............................. 45
Gas..................................... 20
Oil..................................... 0
Water rates............................. 29
Telephone (land line)................... 10
Mobile phone............................ 5
TV Licence.............................. 12
Satellite/Cable TV...................... 10
Internet Services....................... 10
Groceries etc. ......................... 240
Clothing................................ 20
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 25
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 0
Entertainment........................... 14
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1728

Assets
Cash.................................... 0
House value (Gross)..................... 165000
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 166000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 99000....(715)......5.75
Secured Debt.................. 22000....(228)......7.9
Total secured debts........... 121000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
nationwide cc..................965.......0.........0
mbna cc .......................18339.....161.......0
lloyds tsb cc..................2050......50........0
flat maintance.................550.......0.........0
smile curr a/c.................377.......10........0
first direct curr a/c..........3900......0.........0
Total unsecured debts..........26181.....221.......-

Monthly Budget Summary
Total monthly income.................... 1,674
Expenses (including secured debts)....... 1,728
Available for debt repayments........... -54
Monthly UNsecured debt repayments....... 221
Surplus(deficit if negative)............ -275

Personal Balance Sheet Summary
Total assets (things you own)........... 166,000
Total Secured debt...................... -121,000
Total Unsecured debt.................... -26,181
Net Assets.............................. 18,819

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

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I feel even worse now I have seen the truth, what am I going to do?

Water rates, you would almost certainly be better off on a meter. I live alone and mine went £29 to £10 after getting a meter.

Groceries seem high. Try shopping at Aldi or buying Asda own brands. You could halve that and still eat nice food.

miggy

worried_jim wrote: »

Miggy, you spell broccoli better than me- don't have spell check ay work on this pc !

Lucky guess!
I'll add it to my little collection of things-I-know-how-to-spell (occasion, necessary, accommodation, etc.)
Am off to work soon - have a good weekend!

worried_jim

Thanks former spice !
Not enough space on my water pipe to fit a metre after barthroom refit. but i do qulaify for a £10 discount because I asked for one and they are unable to fit it- that discount is included in the above figures.
I do use Aldi for items like salad and veg, eg cucummber in teco £1.24 , 89p in aldi and its not as bad as I thought it was. I am getting very frustrated with tescos, as I am price focused I am checking there prices and they have a habit of increasing by 50p one week then reducing 40p the next and telling me what agreat offer they have.

jenevieve

Hi Jim,

Have just read your thread from the start and am really inspired by you. You seem to have really made some big changes in a short time and it is very motivating.
Halfway through, I logged onto Payplan's webpage and filled in their form for debt advice. I have never actually spoken to anyone about my debt so am apprehensive. All my payments are up to date but I am stuck on the paying the minimum only wagon. I've had my head in the sand for way too long and know there are ways I can budget better. Half of me is terrified that Payplan will recommend a DMP and the other half of me is terrified that they won't!!!!

Sounds crazy I know!:o

Anyway, just wanted to let you know that your getting to grips with your debt and your weight is really inspiring. You are right - they do go hand in hand (or should that be hand in cake???)

Will be following this thread to see how you get on........
Congrats so far.....:beer:

worried_jim

Hi Jenevieve, welcome ! I am so very glad that you have taken inspiration and contacted payplan, I remember i did mine in the eve and by 8.30 next morning had a call, I can honestly say its one of the best and most important things I have ever done. Please let us all you know how you've got on, and if you want to loose some weight at the right time then you can kill 2 birds with one stone !

worried_jim

Well here we are 1 week into the new me. Havent deviated from the plan and feeling great, will not be using the scales until next Tuesday. I am amazed that I havent suffered any sugar cravings (although I would love an Indain takeaway) and have nodesire to hit the sweet shop. Am going out for dinner tonite with a friend who is cooking pork and stir fry, I am dreaming about it already. Hope everyone has had a good weekend and ready to face the week. Jim x.

lilian1977

Hi Jim

Been reading not posting recently but just wanted to say well done with all your progress!

Re the Indian Takeaway - try this: http://forums.moneysavingexpert.com/showthread.html?t=816965

I haven't yet but will be doing so after my next big shop! xx

catherine_h_2

Hi Jim

Just wanted to say well done to sticking to your new lifestyle, it can be really hard the first couple of weeks! I've tried and failed on numerous occasions:p

lilian1977 wrote: »

Re the Indian Takeaway - try this: http://forums.moneysavingexpert.com/showthread.html?t=816965

And I fully recommend the 'indian takeaway' lilian1977 suggested, it's amazing. Ended up doing this 2 nights in a row at hubbys request and he doesn't normally like my home cooking :rotfl:I've now got a couple of batches in freezer for the next indian food cravings :T

chevalier

hi worried jim. if you go to an ethnic food shop they will have some quite pokey stir in sauces so you can make up some curry yourself....much cheaper and healthier for you!!

chev

GrammarGirl

Hi Jim! I've read your thread from start to finish and am completely inspired and cheered by your success and enthusiasm. You've really took control of your life and it's so great to see!

I'll be watching out for more of your story. Maybe I'll start my own diary, it seems to help people so much!

GG