A right old mess !

my_mess

Ok - here we go.
It's my first time here - and I am absolutely determined to sort myself out.

I created this sorry state of affairs, so it's down to me to work through it all ........ and, by hook or by crook, I will !

These debts are ALL due to gambling.
It's ridiculous, I know.

Does anyone have any advice for where to start ........?



Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 1225
Partners monthly income after tax....... 0
Benefits................................ 200
Other income............................ 0
Total monthly income.................... 1425

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 190
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 50
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 200
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 58
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 50
Total monthly expenses.................. 905

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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt....Monthly...APR
loan...........................6000......155.... 17
A&L card.....................7100.... 150....... 16.9
Egg card.....................2400.... 65........ 0
Barclaycard..................1922...... 45........6.5
Total unsecured debts....17422...415

Monthly Budget Summary
Total monthly income.................... 1,425
Expenses (including HP & secured debts) 905
Available for debt repayments........... 520
Monthly UNsecured debt repayments....... 415
Amount left after debt repayments....... 105

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -17,422
Net Assets.............................. -17,422


Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]

Ames

I'm not too good at the SOA stuff, but I thought you might like to have a look at this thread, the gamblers and ex gamblers support thread

http://forums.moneysavingexpert.com/showthread.html?t=1090463&highlight=gamblers+support

my_mess

Thanks for looking Ames - I will take a look at the thread you mention.

paybacktime2008

I echo Ames post. Good Luck

whatatwit

Hi, your SOA shows a surplus, do you have money left over each month.

You may find that keeping a spendiang diary helps you to identify where every penny goes.

Well done for posting and admitting how your debt has arisen.

dealwithdebtdot

You can cover the debt repayments on your current SOA, that is a really great start, and you could overpay by the £105 you have left. Generally, its best to pay off the debts with the highest APR first, that'll be the loan, but there maybe a penalty for paying that off, so the next would be your Barclycard.

But lets see if we can make some more savings to overpay and get rid of those credit cards!

my_mess wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 1225
Partners monthly income after tax....... 0
Benefits................................ 200
Other income............................ 0
Total monthly income.................... 1425

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 190
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 50
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 200 you might be able to cut this down with some tips from the Money saving old style board.
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 58
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 50....you can't really afford to do this right now! you need to be paying the debt!
Total monthly expenses.................. 905

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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt....Monthly...APR
loan...........................6000......155.... 17
A&L card.....................7100.... 150....... 0
Egg card.....................2400.... 65........ 0
Barclaycard..................1922...... 45........6.5...you could get this paid off really quite quickly you could pay an additonal £165 off each month, less than a year anyway!
Total unsecured debts....17422...415

Monthly Budget Summary
Total monthly income.................... 1,425
Expenses (including HP & secured debts) 905
Available for debt repayments........... 520
Monthly UNsecured debt repayments....... 415
Amount left after debt repayments....... 105

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -17,422
Net Assets.............................. -17,422

The other thing would be to fill your time (and may I say, without judgment) and energy that you would be gambaling on something else....the upping your income board may be helpful for that, get on topcashback and do daily clickthroughs (I make 25pish a day...sad I know, but every penny helps), and sign up to some survey sites.

Please do get some help with the gambaling!

Really well done on taking this step, its not an easy one. And really good luck!:money:

my_mess

Thank you so much for your kind (and non-judgemental) advice...............it means alot to me.
I have given myself such a hard time over all this

---

but enough now, it's time for me to just crack on and deal with it bit-by-bit. Put my energies into making it right.

tinypawz

my_mess wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 1225
Partners monthly income after tax....... 0
Benefits................................ 200
Other income............................ 0
Total monthly income.................... 1425

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 190
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 50
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 200 This can be cut down with meal planning....pop on over to Old Style.
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 58
Childcare/nursery....................... 0
Other child related expenses............ 40 What is this? Can this be reduced?
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 60 This unfortunatley will have go too.
Holiday................................. 0
Emergency fund.......................... 50
Total monthly expenses.................. 905

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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt....Monthly...APR
loan...........................6000......155.... 17
A&L card.....................7100.... 150....... 0 what is the limit on this?
Egg card.....................2400.... 65........ 0 what is the limit on this?
Barclaycard..................1922...... 45........6.5
Total unsecured debts....17422...415

Monthly Budget Summary
Total monthly income.................... 1,425
Expenses (including HP & secured debts) 905
Available for debt repayments........... 520
Monthly UNsecured debt repayments....... 415
Amount left after debt repayments....... 105 Still in Cr at month end!! Excellent......pay off Barclaycard first.

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -17,422
Net Assets.............................. -17,422


Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]

I've added some comments in red. hth

my_mess

Can someone take a look at my SOA please ?
I really want to put together a plan to deal with this - I know it's my own doing - but really need some help.

dealwithdebtdot

um 2 of us have?

my_mess

Ok - thank you.
I'll get out of your way then.