misselvis was lost but has now seen the light

misselvis

well withdrew my spends for today and the debit card will be banished to drawer not to be taken out again until next week its going to be tough but am looking forward to the challenge, all of the debts and mortgage overpayments have been paid out so can breathe a sigh of relief. am waiting a few days then will phone the cc companies to reduce my credit card limits

misselvis

did not reduce my credit card limit and used my dc to pay for dinner last week gulp so would score myself a C- (must try harder) for this week

misselvis

was going through my old posts- memories (sigh) thought it might be prudent to update my SOA - here goes
Statement of Affairs and Personal Balance Sheet[/b]
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details[/b]
Monthly income after tax................ 1900
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 800(rent from my sis and from 2nd job)
Total monthly income.................... 2700
Monthly Expense Details[/b]
Mortgage................................ 700 (currently on an interest only mortgage bad I know- payment was £480 so am just rounding up to £700 per month)
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 125
Electricity............................. 25
Gas..................................... 30
Oil..................................... 0
Water rates............................. 15( have a water meter)
Telephone (land line)................... 10
Mobile phone............................ 30
TV Licence.............................. 14
Satellite/Cable TV...................... 50 (could be re jigged)
Internet Services....................... 10
Groceries etc. ......................... 120 (could be re jigged)
Clothing................................ 50 (could be removed until debts are cleared but may leave it there for the time being)
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 10
Other insurance......................... 18
Presents (birthday, christmas etc)...... 50
Haircuts................................ 50 (finding a lower/cheaper way of doing my hair and glory)
Entertainment........................... 250 (looking at that much more closely)
Holiday................................. 100
Emergency fund.......................... 25
Total monthly expenses.................. 1702

Assets
Cash.................................... 500
House value (Gross)..................... 178000
Total Assets............................ 178500
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 175000...(700)......3.25
Total secured & HP debts...... 175000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card 1..................2050......50........21 (paying £150)
credit card 2 .................1950......30........15 (paying £100)
loan...........................5400......209.......7
dad............................2500......200.......0
Total unsecured debts..........11900.....489.......-

Monthly Budget Summary
Total monthly income.................... 2,700
Expenses (including HP & secured debts). 1,702
Available for debt repayments........... 998
Monthly UNsecured debt repayments....... 489
Amount left after debt repayments....... 509
Personal Balance Sheet Summary
Total assets (things you own)........... 178,500
Total HP & Secured debt................. -175,000
Total Unsecured debt.................... -11,900
Net Assets.............................. -8,400
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

so am in even more negative assets than I was in 2 years ago, not a good sign, I think that may be a reflection of house prices so am not going to dwell on it too much but work hard on chipping away the unsecured debt for the remainder of this year so that in 2013 I can throw more money at my mortgage, build up my rainy day fund and save towards my business idea. hopefully rebooting my diary may be the motivating factor I need. watch this space folks :D:D

misselvis

Hello DFW family- been going through my old posts and feeling a mixture of sadness and happiness. A pat on the back for all of the financial achievements but also tinged with some sadness and frustration around some incomplete targets such as my savings and clearing off some CC. Its a mixed bag but reading some of the posts and the support I have recieved it has recharged me to keep going. I have joined some challenges so that has encouraged me to think before I spend.