Feeling low and needing advice on reducing payments

d11wtq

d11wtq wrote:

Yeah you're right I could cut back on going out on weekend I guess. Even spending just 20 quid would leave me an extra 80 quid a month.

Here's the bank statement for my month so far. That £150 on 16th Feb is a deposit for a place in salford with cheaper rent.

17 FEB  	ATM  	 CASH RB SCOT FEB17
WEST DIDSBUR@20:25
		30.00   		   		295.34 	 <---- weekend social
17 FEB 	SOL 	FREDPAY.COM
INTERNET
		30.00   		   		325.34 	<---- Fredrickson Inernetional initial payment 
16 FEB 	ATM 	CASH CO-OP FEB16
COOP IRLAM &#64;23:11
		150.00   		   		355.34 	 <--- House deposit
16 FEB 	SOL 	SHELL DIDSBURY 567
MANCHESTER
		15.00   		   		505.34 	 <--- Petrol
16 FEB 	SOL 	TESCO STORE 2440
MANCHESTER
		5.30   		   		520.34 	 <--- Lunch/domestics
16 FEB 	SO 	XXXXXXX E
MUM LOAN
		200.00   		   		525.64 	 <--- Parents
16 FEB 	DD 	CHURCHILL INSURANC
FIRST PAYMENT
		63.72   		   		725.64 	 <--- Car insurance
15 FEB 	ATM 	CASH RB SCOT FEB15
WEST DIDSBUR&#64;18:56
		20.00   		   		789.36 	 <--- Pocket money for lunch etc
15 FEB 	ATM 	CASH RB SCOT FEB15
TESCO E DIDS&#64;16:45
		40.00   		   		809.36 	 <--- ????
15 FEB 	BP 	ANDREW ROSE
RENT
		400.00   		   		849.36 	 <--- Rent/Bills/Council Tax
15 FEB 	SO 	XXXXX C A
91408216
		35.00   		   		1249.36    <---- Managed Loan 
15 FEB 	CR 	CITY OF MANCHESTER
		   		1315.50   		1284.36 	 
08 FEB 	DR 	CHARGE
RECALL S/0-D/D
		10.00   		   		31.14 	  D  <--- Ouch
05 FEB 	CR 	GROSS INTEREST
TO 04FEB2006
		   		0.03   		21.14 	  D
30 JAN 	DD 	DELL FINANCIAL SER
		29.40   		   		21.17 	  D <---- Credit for a laptop in 2004

I get paid every 15th of the month so as you can see I'm already getting low There are things on there that I can see I shouldn't have spent such as the unaccounted for £40 and the £30 for the pub.

Imagine taking another 200 out of that tomorrow though in order to pay Egg and Halifax? I'd have over three weeks to run with hardly any money, needing petrol and food.

Granted, last month was a tough one, which was mostly motoring expenses.

That statement... might as well knock another £90 of it today. Called all my creditors and made the first step by offering them token payments and setting up DD's starting the month after (I've also made sure they come out the day after pay day... that takes a strain off me). Ok, I'm living on Super Noodles until 15th March but I feel a million times better for knowing all the creditors won't be calling me. Hopefully I'll get this freelance job for £700 too... the guy said he'll transfer £210 deposit in midweek once his lawyers have checked out some of his other stuff that may affect this job. Almost certainly got it but not quite there until I see his £210

lynzpower

good for you mate!!

I know from experience just getting a few DDs after payday can make all the difference in terms of mood!

lallyaya

I'm pleased you're sounding brighter and things seem to be moving forward. Keep it up!

Lally
-X-

exil

southernscouser wrote:

I would have a word with your local tax office if I was you!

My monthly salary is £1,777.92

I then pay;
£268.39 tax
£127.94 NI
£56.89 pension
£7 sport & social club

That leaves me with £1,317.70!

So with you earning £318.96 a year more than me I take home £32.40 a year more than you plus my other other payments (pension and sports and social) is more than yours!

No mystery there. Your pension comes off BEFORE tax is deducted.

d11wtq

Well luckily I got that freelance job (bank transfer for £210 deposit in progress) so that's a big help. Won't see the other £490 until it's done though. Might need 50-100 quid from it just to keep my head above water until the 15th March then the rest can be a huge lump sum off my Managed Loan since this has high interest and the biggest balance Got another freelance client I'm waiting to hear back from too which should be ~£1000... if I can handle to work load for a few months and the clients keep coming I'll feel great!

Dora_the_Explorer_5

Well done and good luck with future contracts.

if I can handle to work load for a few months

It's what working mums with kids manage, year in and year out