Flying gleefully into 2009 - One Fresians adventures in debt-busting

mooomin

I am bored, and in pain, so I redid my SOA to see if anything else can be trimmed, or to see that all is well...

Statement of Affairs and Personal Balance Sheet

Household Information

Number of adults in household........... 2

Monthly Income Details

Monthly income after tax................ 1125
Partners monthly income after tax....... 0
Other................................ 10 This is the £5 Reward payment from my Halifax accounts
Other income............................ 355 Flatmates rent/bills money
Total monthly income.................... 1490

Monthly Expense Details
Mortgage................................ 214 I normally budget £350 for this and send the extra to my savings/debts
Council tax............................. 122 Includes water as in Scotland
Electricity............................. 87.5 Gas and electric
Telephone (land line)................... 55.76 This is for phone, telly (XL Virgin) and 20MB internet
Mobile phone............................ 30 For me and OH, both on £15 per month contracts
TV Licence.............................. 11.95
Groceries etc. ......................... 200 Feeds me, OH and 2 cats and includes all toiletries and cleaning stuff too
Clothing................................ 0 Haven't bought new clothes in months. Don't need anything right now so I'm happy budgeting as zero for the timebeing
Other travel............................ 42 Monthly bus pass
Medical (prescriptions, dentist etc).... 0 Current dental traumas should possibly make me save for this, but I have NHS dental cover through work and will get money I spend back
Pet insurance/vet bills................. 22
Buildings insurance..................... 16.47
Life assurance ......................... 29.48
Presents (birthday, christmas etc)...... 10 + anything in my Sealed Pot
Haircuts................................ 0 I rarely get my haircut, and tend to only do it when I have spare money
Entertainment........................... 50
Holiday.................................10 For me and best friend to go to London for 2012 Olympics
Emergency fund.......................... 10
Union................................... 7.50
Total monthly expenses.................. 918.66

Assets

Cash.................................... 700 Woo Savings!
House value (Gross)..................... 100,000 This is a guesstimate tbh
Shares and bonds........................ 200 Roughly, shares in employer. Worth about 10% of original value

Total Assets............................ £100,900


Secured & HP Debts

Description....................Debt......Monthly...APR

Mortgage...................... 49053....(214)......0

Unsecured Debts

Description....................Debt......Monthly...APR

Loan...........................6523......129.......7.9

Yay to my loan being my only remaining debt :j

Monthly Budget Summary

Total monthly income.................... 1,490
Expenses (including HP & secured debts) 923.66
Available for debt repayments........... 561.34
Monthly UNsecured debt repayments....... 129
Amount left after debt repayments....... 442.34

Personal Balance Sheet Summary

Total assets (things you own)........... 100,900
Total HP & Secured debt................. -49,053
Total Unsecured debt.................... -6,523
Net Assets.............................. 45,324

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

I think I have included everything. I am happy to see that for the first time in ages I feel like I'm in control of money. I am still overspending on silly things like coffees and lunch at work, but at least three out of five days I'm bringing in my flasks and making my own lunch. It never feels like I have over £400 spare at the end of the month, but my PADs have been over £300 most months, so I guess I really do!

All comments on my new SOA are welcome!

*edit* According to the snowball thingie, I could be debt-free by June next year if I pay every spare penny to debts. I don't think this will happen but it gives me hope that I will be debt-free by 30!

tomtombeanie

hello, haven't said much for a few days but glad you've got an appt to day to get your toothache put right. we'll all be thinking of you this afternoon xx

SOA looks pretty good. the only thing i think looks a bit dear is your phone/telly/broadband package - but i might be wrong as you probably have a super duper service compared to us. and hey - you've got to live a little, right? you've made huuuuuge inroads with your debt & money management this year and as always, i'm chuffed for you!

builders very busy here again today. our garage (mustn't call it that now!) is actually a room. with walls! and a ceiling! and very nearly a floor - that's what they are doing now. all very exciting. i have been busy withdrawing cashmoney from the hsbc account to pay the plumber, electrician etc - so a withdrawal from the cashpoint then lots of "i need this one small onion and 50 quid cashback" in asda!

let us know how you fare later on xxx

mooomin

tomtombeanie wrote: »

SOA looks pretty good. the only thing i think looks a bit dear is your phone/telly/broadband package - but i might be wrong as you probably have a super duper service compared to us. and hey - you've got to live a little, right? you've made huuuuuge inroads with your debt & money management this year and as always, i'm chuffed for you!

The internet package is ridiculous, but when I called to find out about reducing it I was told it would be more expensive to cut down the telly and phone. We are on some kind of customer retention deal which is why we have the 20MB broadband (And we run my PC, laptop and flatmate's PC on it, he and OH both play online games, so the connection is very useful) and all the other stuff. If I cancelled the phone, which I never use, and only had the TV and interpipes, it would cost £65 per month :rotfl:which is £10 more We also have Setanta Sports included which OH watches for the Toon games, and if I reduced my telly package I would lose Sky and LivingTV. I watch lots of sh*te on the tv, so I would miss them :rotfl:

laura2481

At least you are making use of your morning! And by this afternoon at least your tooth will be sorted- or on the way to being sorted!

I can't believe that your council tax pays your water too! I want to live in scotland and get my water paid, free eye tests, and by the sounds of it free NHS dental care! Humph!

mooomin

laura2481 wrote: »

At least you are making use of your morning! And by this afternoon at least your tooth will be sorted- or on the way to being sorted!

I can't believe that your council tax pays your water too! I want to live in scotland and get my water paid, free eye tests, and by the sounds of it free NHS dental care! Humph!

We have to pay for NHS dental, but I pay £5 per month through work for dental insurance. Free eye tests are good though, and the cost of prescriptions just went down too

Water ain't free, but is included in the cost of council tax.

5*shopaholic

good luck at dentist
SOA looks fab
well done you xxx:T

Hopeful1

Hi f_f. I hope you get on ok this afternoon xxx

Lurker1972

hey there, hope dentist wasn't too scary!

Mrs_Money_Penny

Hi

Just wanted to say good luck this afternoon at the dentist. There is nothing worst than tooth ache.

mooomin

Aaawww...thanks for all the support.

I got an X-ray taken and there was a black spot where a bit of my filling should have been. I now have a new filling with an antibiotic gel under it and it will be reviewed in two weeks. If I'm still in pain or it's not settled down I will need to get root canal :eek: or my tooth out. As it's a tooth at the back of my mouth I might just go for the extraction if I have to make the choice, as I know many people who have had root canal. I called my boss with an update today and when I told her the choice I might have she told me just to get the tooth out :rotfl:

The dentist was really nice, and it could have been a lot worse. Only cost £10 as well, so yay for NHS!

I also cleared OHs loan today and finally registered him for online banking, so I will look after his accounts and maybe even squirrel some money away for him He is going to pay me an amount back each time he gets money in, and I may well create a spreadsheet. :T