MY Debt Free Journey

Annamarie_2

[tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2100

Benefits................................ 350
Total monthly income.................... 2450
Monthly Expense Details
Mortgage................................ 1045
Electricity............................. 50
Gas..................................... 50
Telephone (land line)................... 60
Mobile phone............................ 15
Satellite/Cable TV...................... 62
petrol................................ 120
Car Insurance........................... 50.99
Contents insurance...................... 28.98
Emergency fund.......................... 200
Total monthly expenses.................. 1701.97

Assets
Cash.................................... 0
House value (Gross)..................... 400000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 404000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 285000...(1045).....3.5
Total secured & HP debts...... 285000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
mbna...........................13000.....220.......8.9
halifax........................4900......200.......9.9
credit union...................7193......200.......8.9
aib............................9349......279.......9
Total unsecured debts..........34442.....899.......-

Monthly Budget Summary
Total monthly income.................... 2,450
Expenses (including HP & secured debts). 1,701.97
Available for debt repayments........... 748.03
Monthly UNsecured debt repayments....... 899
Amount short for making debt repayments. -150.97
Personal Balance Sheet Summary
Total assets (things you own)........... 404,000
Total HP & Secured debt................. -285,000
Total Unsecured debt.................... -34,442
Net Assets.............................. 84,558
[/tt]




I am going to try and do my own soa and not that of boh me and my hubby

mmmmm i will be back

Annamarie_2

hi

just waiting patiently to get paid tomorrow

Annamarie_2

morning

well after getting paid today i am still all over the place

i had everything worked out to the last penny and yet i will be up to my limit on my overdraft by the end of next week

this is alot harder then i anticaipated

here is my monthly details for april

pay after tax 2263 my main pay is 2100 but i also get commission so it varies

Mortgage= 1043
mbna=220
halifax=200
loan bank=279
credit union=200
insuarance 1=28.99
insurance 2= 43.49
insurance 3=50.99
gas=60.00
elec=60.00
atm= 80.00 need this for petrol mobile etc

so total-2265.47:mad:

i will be getting 350.00 next week from benifits (which maybe dropped in our government budget next Monday:mad: :mad: :mad: )

so the 350.00 will pay the following
land line/broadband=50
sky=62
100= for petrol for the rest of the month.

so there you have it i have 138 left for anything else ohhhhhhhhhhhhhhh

i cant believe its all done and dusted for another month


talk soon

Annamarie

TotallyBroke

It can be hard to juggle the money. Keep your running total and ask OH to do the same. Then at the end of the month if he has spare money in his account transfer it somewhere. Either to an emergency fund or onto a high interest debt.
Although you seperately pay for certain bills and debts I'm sure some of them are created by you both.

Well done and keep it going

Annamarie_2

Thanks totally broke unfortunetly hubby is left with nothing either by the end of each week he does pay for alot aswell but i am better paid them him so i feel more responsibilty if u know wha i mean.

Anyhow still here and still determined to get this debt gone forever

myself and my hubby worked out that when we will finish all this clearing of debt we will have nearly 1300 extra a month how cool is that :beer:

we have a budget here in ireland 2mrrow so i am budgeting for us to be down around 10% income from may onwards lets hope its not to painful:eek:

TotallyBroke

Annamarie wrote: »

[tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2100

Benefits................................ 350
Total monthly income.................... 2450
Monthly Expense Details
Mortgage................................ 1045
Electricity............................. 50
Gas..................................... 50
Telephone (land line)................... 60 Did you look into reducing this by changing the package slightly
Mobile phone............................ 15
Satellite/Cable TV...................... 62 Did you cut this back by dropping the second room. Did you look into the freeview box. On a freeview box you get Sky Sports News free. With Sky you have to buy the whole news package!
petrol................................ 120
Car Insurance........................... 50.99
Contents insurance...................... 28.98
Emergency fund.......................... 200 This emergency fund, is this also what you buy presents etc from or is it literally just an emergency fund
When will your youngest go to school, will your benefits drop slightly then, will you reduce the amount you are paying your SIL to have them?
Total monthly expenses.................. 1701.97

Assets
Cash.................................... 0
House value (Gross)..................... 400000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 404000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 285000...(1045).....3.5
Total secured & HP debts...... 285000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
mbna...........................13000.....220.......8.9
halifax........................4900......200.......9.9
credit union...................7193......200.......8.9
aib............................9349......279.......9
Total unsecured debts..........34442.....899.......-

Monthly Budget Summary
Total monthly income.................... 2,450
Expenses (including HP & secured debts). 1,701.97
Available for debt repayments........... 748.03
Monthly UNsecured debt repayments....... 899
Amount short for making debt repayments. -150.97
Personal Balance Sheet Summary
Total assets (things you own)........... 404,000
Total HP & Secured debt................. -285,000
Total Unsecured debt.................... -34,442
Net Assets.............................. 84,558
[/tt]




I am going to try and do my own soa and not that of boh me and my hubby

mmmmm i will be back

I would consider you doing the full soa again, just so that you can compare what fabulous progress you have made already.
Then you can concentrate on reducing your debt slowly.
Hope the budget is not too harsh for you, I remember when I lived there the locals dreaded it. But that was because the beer and fags went up lol

BluePumpkin

Thought I'd drop in and have a look at your diary as you were nice enough to comment on my first post I hope the budget was ok for you- a 10% drop is a bit scary :eek: Having £1300 spare will make such a difference- I think I might work out what we'll have.