Proper Skint!!!

spartan59

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 1650
Benefits................................ 134
Other income............................ 1110
Total monthly income.................... 4694
Monthly Expense Details
Mortgage................................ 340
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 108
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 12
Mobile phone............................ 84
TV Licence.............................. 11.69
Satellite/Cable TV...................... 21
Internet Services....................... 24
Groceries etc. ......................... 450
Clothing................................ 0
Petrol/diesel........................... 200
Road tax................................ 20
Car Insurance........................... 69
Car maintenance (including MOT)......... 20
Car parking............................. 30
Other travel............................ 0
Childcare/nursery....................... 500
Other child related expenses............ 450
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 30
Contents insurance...................... 30
Life assurance ......................... 30
Other insurance......................... 18
Presents (birthday, christmas etc)...... 20
Haircuts................................ 50
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2597.69

Assets
Cash.................................... 360
House value (Gross)..................... 205000
Shares and bonds........................ 600
Car(s).................................. 5500
Other assets............................ 0
Total Assets............................ 211460

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 193000...(340)......2.25
Total secured & HP debts...... 193000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
natwest........................21250.....372.......6.9
cahoot.........................9348......205.......7.9
natwest........................3700......111.......11
Total unsecured debts..........34298.....688.......-

Monthly Budget Summary
Total monthly income.................... 4,694
Expenses (including HP & secured debts). 2,597.69
Available for debt repayments........... 2,096.31
Monthly UNsecured debt repayments....... 688
Amount left after debt repayments....... 1,408.31
Personal Balance Sheet Summary
Total assets (things you own)........... 211,460
Total HP & Secured debt................. -193,000
Total Unsecured debt.................... -34,298
Net Assets.............................. -15,838
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

spartan59

Above is our new SOA after paying off credit cards with car profits

Flower08

Hi have just read your thread and you are doing GREAT!!!

You will have this debt paid off in no time at this rate, great news that you have now got your wife fully onboard with you for this one.

How is the ebay bidding going on your car, got my fingers crossed for you that you will get LOTS of money from it!!

Teapartymum

well done you Spartan your really doing well now.

spartan59

Just been offered £4850 cash for my car!!!

Not sure what to do!! Still 1 day or so left on ebay.

spartan59

NSD Today!!!

spartan59

just got email from envirophone, they are giving me £26 for my old phone ( it was about 5 yrs old)

I went for argos card as it is more money.

spartan59

Car sold for £4252

Def paying off Barclaycard as soon as money comes in. Then cancelling that card!

Then prob spliting the rest between other credit card / tax credits / car tax.

The £4850 bit was not a real offer!! why do people do that??

Flower08

Great news that you got your car sold and can put the money towards the debts!!

spartan59

We've just had a new look at the finances, things looking a little better than we thought.

Hopefully in the next 6 months we should be down to just the two large loans!

We can then start to save up in our ISA for the smaller of the 2 larger loans. The loans are due to be finished in 2013 but I hope to have them done by 2011!!