Follow Tips, but still skint

CammieBX

Hi

I am a graduate and after a year I am still skint. I have a credit card (£500), Graduate Loan (£4,000), overdraft (£800), Car on HP (owe about £7,000 - pay £250 a month), and a few other bits and pieces.

My partner and I also have a joint loan of £5,000 which we pay £100 each a month on.

I earn about £1,300 a month but have quite a lot of bills. My credit rating is good (800+ score) but still unable to get credit.

I have seen Make me Rich a few times and follow a lot of the rules, but still fall into the red each month.

Any advice???!!

tomstickland

Usual drill - list your SOA (statement of affairs). The money goes somewhere, so by listing it all you'll probably be shocked at how quickly it addes up.
Car buying on HP is expensive.

magentadreamer

Millie, you might find if you post a SA then you'll get loads of good advice about cutting down on your household budget etc - it's amazing what even the smallest things you can do free up a little bit of cash.

CammieBX

SOA? Not sure what you mean, do you want me to list everything on here or just in private? My HP car was bought when I was living with a friend on a low rent, we had a disagreement and had to leave and get private rented accommodation.

Bermuda_John

SOA, hope this helps. Fill in the blanks and add any extra incomings or expenditure.

Hope this helps


[B]Incomings:[/B]

Husbands salary £xxx
My income £ xxxx
Child benefit £xxx
Tax credit £xx

Total £xxxxx

Expenditure

Mortgage £xxx
Water £ xx
Council Tax £xx
Gas £xx
Electric £xx
Home insurance £xx
Telephoone £xx
TV licence £xx
Sky £xx
Life Ins £xx
Health ins £xx
Petrol £60
Tax, MOT etc £65
Grocerys £xx
Clothing £xx
Dentistry £xx

Total exp £xxxx


Balances of debts:
Overdraft £xxxxx
Personal Loan £xxxxx

Total: £xxxxx

Try and post the rates of interest.