jenkofreeze's Statement of Affairs (edit)

jenkofreeze

Hi all!

Is this the correct place to pst my 'Statement of affairs' or whatever you call that initial post where I need to outline my financial woes... I mean status.

Looking forward to interacting and offering ang gaining support from all of you.

I have VERY irregular internet access, I've searched but can't stay online long enough to see a result - Thanks!

lunar

your in the right place, post your soa here and you will get loads of advice. well done for posting.

MrsPitcher2b

http://www.britishinvasion.co.uk/soa/soaedit.php

Think thats it hun

Verbatim

Welcome to dfw jenkofeeze

jenkofreeze

Thanks lunar and verbatim!

Mrs Pitcher2b, I've used your link - cheers, it's REALLY scary seeing the amounts like this but here we go...


Statement Of Affairs

Monthly Income

Income Amount
Net Monthly Salary £ 1,300.00 (varies)
TOTAL MONTHLY INCOME £ 1,300.00


Essential Monthly Outgoings

Outgoings Amount

Rent £ 140.00
Council Tax £ 50.00
Electricity £ 30.00
Gas £ 20.00
Water Rates £ 20.00
Telephone £ 15.00
Mobile Phone £ 45.00
TV Licence £ 10.00
Internet £ 17.00
Buildings Insurance £ 20.00
Contents Insurance £ 20.00
Groceries £ 110.00
Clothing £ 50.00
Other Travel £ 40.00
TOTAL MONTHLY OUTGOINGS £ 587.00
NET MONTHLY SURPLUS £ 713.00


Monthly Debts

Debt Total Debt Min Payment Rate

Credit Card 1 £ 1,100.00 £ 35.00 21.90 %
Credit Card 2 £ 1,981.00 £ 49.00 24.90 %
Barclay Card £ 2,771.00 £ 55.00 25.50 %
Egg Card £ 4,300.00 £ 90.00 24.90 %
Lloyds TSB £ 4,900.00 £ 99.00 22.50 %
Virgin £ 5,810.00 £ 140.00 24.90 %
Marbles £ 9,350.00 £ 235.00 26.90 %
TOTAL DEBT £ 30,212.00

jenkofreeze

to make myself feel better about that high figure I'll add that in 2008 I have completed total payments on my Student loan, a LloydsTSB loan (£2500) and a Northern Rock loan (£4000).

I just need to somehow extend that discipline to these remaining debts!

debtfreein4years

hi

can i ask why your paying buildings and contents insurance? if you rent i beleive your landlord has to cover the buildings insurance so thats a small saving right there.

g

bargainbetty

I would start by calling all of the card providers and asking for a rate reduction and about balance transfers...... then try to shift money about to get as much on the lowest rate interest as possible. You pay the same amounts, but you are clearing debts instead of servicing interest.

bargainbetty

I'd also reduce the amount you are spending on clothes until you get some of the debts down..... it hurts, but these things must be done.

Gemmzie

That SOA is a bit hard to read, could you stick the debt bits in http://www.makesenseofcards.com/soacalc.html or the whole lot if you don't mind. It's much easier to see payments

jenkofreeze

debtfreein4years wrote: »

hi

can i ask why your paying buildings and contents insurance? if you rent i beleive your landlord has to cover the buildings insurance so thats a small saving right there.

g

Full disclosure is that I'm now living with my mum (she's retired and on benefits so all round it's cheaper this way!) and my 'rent' is actually my contribution to the mortgage payments. These insurances are direct debits that I've set up to pay out 8 times a year monthly (last one in January. Have also completed paying water rates hich doesn't start again until April 09.

Always look for cheaper quotes aroung renewal time. Maybe I should I be looking more often