taxi driver needs help

basher30

New updated soa with pet ins cancelled and reduced spending due to shopping weekly and cutting the clothes budget!!!!

No luck with the car tho i have bin to one of my freinds who does body work repairs i have decided to by pass the insurance as they r just taking too long my body shop m8 has said he will have my car back for the 30th so at least ill be able to work new yrs eve

plus i thought if i didnt claim didnt pay an excess and payd my m8 £700 for the repair maybe my ins premium wont go up and i wont have to pay the £500 excess so not a bad day!!!

i'm now of to the snooker centre where i am giving someone 15 start a frame best of 13 fisrt to 7 for £20 which i shud win so hopefully a profitable day!!!!

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 3200
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 3200
Monthly Expense Details
Mortgage................................ 478.92
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 32
Gas..................................... 32
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 20.5
Mobile phone............................ 36
TV Licence.............................. 12
Satellite/Cable TV...................... 20
Internet Services....................... 15
Groceries etc. ......................... 160
Clothing................................ 25
Petrol/diesel........................... 600
Road tax................................ 10
Car Insurance........................... 125
Car maintenance (including MOT)......... 200
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 0
Buildings insurance..................... 41
Contents insurance...................... 0
Life assurance ......................... 29
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1931.42

Assets
Cash.................................... 0
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 104000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(478.92)...4.5
Total secured debts........... 96000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................11000.....290.......15
loan...........................7000......201.......10
barclaycard....................1800......50........19
owe parents....................6920......500.......0
Total unsecured debts..........26720.....1041......-

Monthly Budget Summary
Total monthly income.................... 3,200
Expenses (including secured debts)...... 1,931.42
Available for debt repayments........... 1,268.58
Monthly UNsecured debt repayments....... 1,041
Surplus(deficit if negative)............ 227.58
Personal Balance Sheet Summary
Total assets (things you own)........... 104,000
Total Secured debt...................... -96,000
Total Unsecured debt.................... -26,720
Net Assets.............................. -18,720
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

MrsTinks

basher30 wrote: »

right i think i am gonna cancel the dogs insurance they hardly ever go any where only ever go round block or onto the feild at back of house thats 264 quid a yr better off!!!:money:

Think very carefully before doing this... I have 2 cats and a dog and all it takes is one accident!
Dog has amongst other things managed to catch a bug that had her in intensive care on a drip for several days - bill over £500... she's cut her pad on sticks in the field, she's had a growth under her tongue that she managed to catch and which wouldn't stop bleeding - cue emergency visit to vet to have her put under and the growth removed and quarterised to stop bleeding and tests to make sure it was benign... cue a £350 bill... One of my cats tried to take on a car... £1500 later....

basher30

i have done it now but i may look for some cheaper insurance maybe if i insure them on 1 policy instead of two policies???

any tips for cheap buildings and contents insurance i currently pay £40.68 a month???

MrsTinks

basher30 wrote: »

New updated soa with pet ins cancelled and reduced spending due to shopping weekly and cutting the clothes budget!!!!

No luck with the car tho i have bin to one of my freinds who does body work repairs i have decided to by pass the insurance as they r just taking too long my body shop m8 has said he will have my car back for the 30th so at least ill be able to work new yrs eve

plus i thought if i didnt claim didnt pay an excess and payd my m8 £700 for the repair maybe my ins premium wont go up and i wont have to pay the £500 excess so not a bad day!!!

If the accident is not your fault then your premium shouldn't go up and the excess should be covered by the other party. Do you have witnesses that say you were going through a green light at the time? If you do then you could also look at a claim for loss of earnings against the guilty party...

If they manage to get you blamed for the accident then you will STILL have lost your no claims etc and you might not get the money back from your insurance for the work your mate has done...

MrsTinks

basher30 wrote: »

i have done it now but i may look for some cheaper insurance maybe if i insure them on 1 policy instead of two policies???

any tips for cheap buildings and contents insurance i currently pay £40.68 a month???

Directline worked out cheaper for the cats but check if you get cashback as with 2 policies you get twice the cashback

Go through the quote sites for home and contents insurance make sure you're neither over or under insured... most people are actually grossly over insured so check carefully

basher30

No witnesses

and i cant sit on this and wait iam losing £200 a day over the festive period!! and if i do win it will take forever for the ins to pay out i think all insurance are pointless they are a waste of time by the time the ins come to a decision i will of lost £2000 +

basher30

another updated soa

i have just saved myself £22 a month by switching buildings and contents ins gone from £41 a month to £19 a month god im hooked !!!!

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 3200
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 3200
Monthly Expense Details
Mortgage................................ 478.92
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 32
Gas..................................... 32
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 20.5
Mobile phone............................ 36
TV Licence.............................. 12
Satellite/Cable TV...................... 20
Internet Services....................... 15
Groceries etc. ......................... 160
Clothing................................ 25
Petrol/diesel........................... 600
Road tax................................ 10
Car Insurance........................... 125
Car maintenance (including MOT)......... 200
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 0
Buildings insurance..................... 19
Contents insurance...................... 0
Life assurance ......................... 29
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1909.42

Assets
Cash.................................... 0
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 104000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(478.92)...4.5
Total secured debts........... 96000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................11000.....290.......15
loan...........................7000......201.......10
barclaycard....................1800......50........19
owe parents....................6920......500.......0
Total unsecured debts..........26720.....1041......-

Monthly Budget Summary
Total monthly income.................... 3,200
Expenses (including secured debts)...... 1,909.42
Available for debt repayments........... 1,290.58
Monthly UNsecured debt repayments....... 1,041
Surplus(deficit if negative)............ 249.58
Personal Balance Sheet Summary
Total assets (things you own)........... 104,000
Total Secured debt...................... -96,000
Total Unsecured debt.................... -26,720
Net Assets.............................. -18,720
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

MrsTinks

It's easy once you get going isn't it? I'll warn you now though... You WILL hit times when things go wrong or head the wrong way etc - just make sure you come on here for support and advice when it happens It's not the end of the world even if it might feel like it at the time
Small steps

basher30

Just paid another £300 back to my dad things r going in the right direction for a change at least things have cheared me up for xmas thought i was gonna be in dumps xmas day but a bright 2009 looks quite possible!!!!:beer:

this next 12 month is gonna fly and ill be debt free !!! ON!!!!!!:D

taxi73

Sounds like you had a positive day and have saved a few quid.Myself if the bill is only going to be £700 and it will be a good job I'd go for it but only on the grounds that he'll def have it ready.As you can't afford to keep on losing money.It may end up as a 50/50 accident anyway..nothings clear cut.The risk you are taking in having it fixed yourself you may not get the money back..small risk in order to work.