BR Noob

deedee_3

Lensman wrote: »

Hi Dee.

To answer your questions...
I've just checked and Gas is a DD of £51. Electric is a DD of £29. Both accounts are in credit by about £20 and based on readings. That's fine.

Thanks for the correction on TV license. No problem

I managed to get Virgin down to £21 a month for the basic TV, phone and internet. Yes, I thought it would come from surplus. The internet is the one I wouldn't want to do without. (I live on my own and it's my major connection with the outside world).

Put it all down under phone then as it is part of your phone package

Will keep receipts for petrol now. Thanks.

Car insurance is fully comp. TPF&T only saved about 15% because car is worth so little. The figure includes breakdown cover - should I put that seperately? No that's fine.

Contents insurance is Tesco's basic. (Earlier in the year, I was struggling to feed me and the cats so I tried to minimise everything). See if you can change it to have accidental damage.

I will dig all the bills out and get these numbers accurate to pence.

Thanks for your help.

Have a good weekend.

Lensman_2

LilyBart wrote: »

Um, that's what I make it, as I assume you will be including all unsecured debt in your bankruptcy. But wait for someone more experienced than me to come along. And Phil will post up his chart when he sees this, I'm sure.

One further thing, given how large the surplus appears to be, have things gone so far with the mortgage that you couldn't renegotiate, perhaps let it out to a tenant?

Hi LilyBart.

I did rent it for 6 months but I was still out of pocket by £300+ a month with mortgage and management fees. I couldn't make ends meet during that time. A repair bill for the flat or car would have sunk me. I wouldn't have got a BTL mortgage either.

Yes, I have a large surplus but the flat is about to be repossesed and I am expecting a bill for 30-40k from that.

Lensman_2

Well everyone, thanks for your input. I have to say that dealing with this over the last few days has left me pervaded with a strong sense of doom - waking, sleeping and working.

I should be celebrating my progress, having made the final payment on a loan of £172/mo (not on SoA), cancelled my Vodafone contract of £20/mo and found a tenner in my Coop membership account. The biggest progress has been made facing the gritty reality of my situation.

I feel bloody awful.

Anyway, I have made a decision. I am going to wait until I have the bill for my mortgage shortfall before I know which way I will go. BR is not the foregone conclusion I thought it was and it depends on that bill.

In the meantime I can sustainably pay everything and (hopefully) start putting some by. (I have never saved - so that will be good).

So thanks for the great advice. I am going to move in the DFW main forum now. Probably see you all back here in 6 months.

Thanks again.

Jim

LilyBart

Good luck, Jim. That all sounds very positive, and we'll be here if you need us.
Lily

So_Sad_Angel

Hey Jim, good luck....dfw are brill at saving money!!

You know where we are if you need us Honey,

Angexx

deedee_3

I am sure the folks on DFW will take good care of you. Do pop in and keep us updated on whats happening. Hope you have a good Christmas.