first draft of state of affairs

moongarden

OMG this looks so bad to me but here goes:

Home
Rent £350.00
Council Tax £100.00
Gas and Elec £54.00
Water Rates £12.00
BT £10.00
Telewest £24.98
TV licence £10.00
£560.98

Personal
Food £100.00
Petrol £70.00
Going out £30.00
£200.00

Car
Advantage Finance £189.26
Car Ins £18.52
Servicing £50.00 (worked out based on 2005 spend)
Tax £15.00
£272.78

Current Bills
3 mobile £17.50 (8 months contract left - use for work)
£17.50

Debts
Old phone bill £177.50 0%
Car Finance £3,028.16 36.31%
Barclaycard £349.30 0%
British Gas £62.25 0%
BT £45.72 0%
Capital One £315.00 0%
Dept Work & Pensions £89.77 0%
Kwik Fit £362.76 0%
Lloyds TSB Joint acc £1,250.00 0% (half the balance - ex has the cash ready to pay his half off)
Lloyds TSB personal acc £887.99 0%
Npower £1.87 0%
O2 £111.41 0% (disputing this)
One Tel £60.00 0%
Orange PCS £65.00 0%
Capital One £315.00 0%
Peoples Choice £103.98 0%
Student Loan £3,986.07 3.20%
Tiscali £50.00 0%
Cred Card £2,196.58 0%
Yorks Water £69.14 0%
Friend £162.00 0%
Time Retail £260.00 0%

Total debt: £13,949.50

EDITED TO SAY: Total Debt: £13,634.50 oops

Since i wrote the budget out i have:
1 - started to look for a house share. should cost around £260 inc bills
2 - decided that as soon as i can change the car i will - although i work in a rural area so might get my sisters cast off punto for free and run that
3 - sworn a lot!

thanks for listening : _pale_

Lydia.42

Chin up Moongarden, you have come to the best place, full of friendly helpful people, who will no doubt be along soon.

You're right about trying to tackle the car finance due to the high interest rate. Good to see a lot of 0% stuff there though, and £400 is a good amount to be throwing at the debts. (OH and i are still trying to work our figures out, due to shuffling at the mo). I expect people will be able to advise other ways to increase your £400 too. Hang in there.

Good luck

:j

tomstickland

Loads of 0% rates there, which is good.

Car Finance £3,028.16 36.31%

That's an appalling rate which should be tackled ASAP.

Only one thing missing - income.

moongarden

oops - income now 1147.30 pcm - new job

three of the 0% are defaults and the interest has been frozen
so this means i can't get a better finance deal for the car or any other finance actually but i was thinking about posting the details of the car finance agreement and seeing if i can get out of it somehow.

that will have to wait for the weekend though

sproggi

Hi Moongarden

I notice that you have Capital 1 down twice
is that correct?

woohoo_postingid

First things that jump out at ame are:

Do you really need Telewest? -->£25/month
Can you claim your mobile phone costs back through work? -->£17.50/month
What's the NPower £1.87? Is this a CC?

Thefunkygibbons

The most important thing to fix is the car

The rest is just a job of chipping away at it

Looking at the car agreement, can you get out of it? For example, a straight credit card (at any rate) is better than you are paying but only if you can get out of the car agreement

Little_Miss_Winner

I agree with "funky", need to get out of that car finance deal. Check your agreement, and all the small print, and report back to us with what it says.

Good Luck!
pot
x

moongarden

sproggi wrote:

I notice that you have Capital 1 down twice
is that correct?

well spotted! thanks - debt coming down already!

woohoo_postingid wrote:

Do you really need Telewest? -->£25/month
Can you claim your mobile phone costs back through work? -->£17.50/month
What's the NPower £1.87? Is this a CC?

£15.00 of telewest is for broadband and £10 for tv with free telephone line included. i'm hoping to buy a freeview box but there is no aerial on the roof and i can't afford to get one put up at the moment.
also i am hoping to move to a shared house soon - have viewed a few places already so hopefully not that bill for long.

NPower is a remainder of an old £280 elec bill - i sent them the slightly wrong amount.

moongarden

Thefunkygibbons wrote:

The most important thing to fix is the car

Thanks - I'm going to scan the agreement in over the weekend and post it (with personal details blanked out etc) to my free web space and hopefully post on here with a link to get some specific advice.

i was just desperate for a car when i signed up for it and already having credit problems at that point so couldn't get good finance.