3rd Lightbulb moment as im still not debt free!

deanchilds1

Ive been in the same situation for a while now having no money to pay bills and get out of debt!

Im really going to give it a go in 2009 and get myself out of debt and hopefully not owe anything to anyone by 2010!

Am currently in around 10k debt on ccs, missed phone bills, insurance for van, advertising, family etc.

What should be my 1st targets to get debt free?

Help! :mad:

CLAPTON

your first targets should be

-post up a SOA
-start a spending diary

Fire_Fox

And crack open a (cheap) can of beer or cider whilst you are doing it!! Do you have any idea why you are 'relapsing'? You really need to look at this, and work out what you think you can do differently this time.

deanchilds1

Will get a SOA dont in the next few days and buy myself a spending dairy tomorrow.

Thanks!

deanchilds1

Right been giving this a lot of thaught today and going to try and pay at least £50 off of every debt that I owe this month and go from there.

Lemon_Tree

a good place to start is NOT buying a spending diary, you must have a note book lying around your place, if you're anything like me you've loads. Either that or use a program on your 'puter to make a list and keep track, most come with Works at the least so you should be able to find a way.

Well done for coming here though and for deciding to tackle this head on. Good look with the SOA

deanchilds1

Dean Personal Debt
Barclays Current Accout £583.92 (£500 Reserve Fee over that by £83.92) Includes £200+ in charges
Natwest Current Account £2275.53 (£2000 Overdraft over that by £275.53) Include £200+ In charges
T Mobile 876 Line £32 (£30pm) Renewal 7th Feb 09
Sky Hd x2 + Broadband £93pm
Football Season Ticket £33.58pm (total £300) Paid up in Nov 09
Lotr Chess Collection £13.98pm (total £230) Paid up April 2010
Family Member 1 £720 due since August 08
Family Member 2 £360 due since Nov 08
Family Member 3 £350 due since Jan 09
Family Member 4 £3202 due since forever (this is my mum includes rent etc)
Rent £200pm
Total £8146.45

Credit Cards & Loans
Barclaycard 1 £1869.45
Barclaycard 2 £868.22
Barclaycard 3 £2445.76
HSBC £926.49
Egg Card £1920.80
Egg Loan £2162.02
Total £10192.74

Business Debt
Barclays Business Account £242.20 (no overdraft so over by £242.20)
Van Insurance £109.54 last payment renewal April 09
Sales and Service Indemity Insurance £38.50pm (Total £269.50) Renewal Oct 09
T-Mobile 034 Line £191 (£35.00pm) Renewal July 09
Yellow Pages Advertising £264.81 Feb 09, Next 3 months £333.90 (total £2176)
Misc Advertising £86 Due Since April 08
Misc Advertising £249 Due since August 08
o2 Bill £45pm (Total £720) 16months left Renewal May 2010
National Insurance £58.80 Due since Oct 08
Total £4102.04

Other Halfs Personal
Next £91
Total £91
Grand Total = £22532.23

where do i start?

Billy_two_speakers

you seem to be self employed ? what do you do? so we can advise on ways to look at making more dosh ? or if you might have to look at adding a new string to your bow

Nic25

Your SOA is quite hard to read - can you move it over onto the one linked at the top of the page (this one! - http://www.makesenseofcards.com/soacalc.html )

You're obviously self-employed - what do you do?

You say you owe rent etc to your mum - do you still live with your parents? If so, do you not pay anything for Council Tax, water, tv, gas, electiricity etc?

The family members you mention who you owe money too - do they know the position you're in just now? Are they happy to wait for you to pay them back? Because obviously these are the lowest priority for you to pay off as they have no interest being added.

Well done for posting again, I'm sure there'll be loads of folks along with more helpful suggestions!

Spendaholic_Chick

Try spendingdiary.com instead of a notebook - I use it and it's great for breaking down your spending into categories

Damita

Agreeing best to do your SOA the normal way, can't you cancel your sky £93 a month??