Eupho's attempt at doing her own DMP (Eeeek!)

kindofagilr

I think that letter is great

Good Luck

Just a thought can you get an carer help for your youngest one enabling you to up your work hours at all?

Eupho

kindofagilr wrote: »

I think that letter is great

Good Luck

Just a thought can you get an carer help for your youngest one enabling you to up your work hours at all?

hmmm not really.. I am likely to come home and find them tied to a chair with a rubber arrow on their forehead.. or worse

EssexHebridean

Hi Eupho, and welcome. Comments below in red....


Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 450
Partners monthly income after tax....... 0
Benefits................................ 1334 (Rent help £360. WFTC £800. ChB. £184)
Other income............................ 120 (This is 'approx' what I get paid back from my employer 'towards' my fuel each month ~ sorry about the bold font)
Total monthly income.................... 1904

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 480
Management charge (leasehold property).. 0
Council tax............................. 95
Electricity............................. 140 (winter) ~ £60 in summertime. (not sure what to put for that) An average per month would be best. I take it you are heating/cooking etc with electric? I would suggest that this can still be brought down a little though. Have you shopped around (through Quidco) for a cheaper supplier?
Gas..................................... 0
Oil..................................... 0
Water rates............................. 62.8 This is horrendous - are you paying back arrears?
Telephone (land line)................... 25
Mobile phone............................ 40 You need to look at this - can you switch to PAYG?
TV Licence.............................. 12
Satellite/Cable TV...................... 27 Sky basic pack is £16.50 - also worth looking at combined TV/Broadband.phone packages as there are substantial savings to be made here
Internet Services....................... 17 see above re combines packages.....
Groceries etc. ......................... 360 Check out the Old Style board for ways to bring this down - you can easily take £100 a month off that.
Clothing................................ 10
Petrol/diesel........................... 160 <--- get some of that back each month ~ 25p per mile. (which is LOW compared to most) HMRC guidelines suggest 40p per mile for the first 10k miles per year - can you approach your company for an increase?
Road tax................................ 11.5
Car Insurance........................... 35 I assume you will be shopping around through Quidco on renewal? Is it due for renewal soon?
Car maintenance (including MOT)......... 15
Car parking............................. 5
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10
Pocket money? 3 teens. ................. 60 The one getting EMA already should be paying his own way. The second oldest might be encouraged to get a saturday / evening job to assist?
My sons college bus fare................ 25 As posted by someone else - he should be paying this himself now really - he has more disposable income by miles than you and is old enough to have the situation explained and to want to help out.
Total monthly expenses.................. 1630.3


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1 (worth about £2000)
Other assets............................ 0
Total Assets............................ 1

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly.. .APR
Barclays Overdraft.............2200......12........0 Where you have 0% is that really the case or do you just not know the APR's?
Halifax .......................5400......92........0
HSBC Card......................2250......54........0
Cahoot Overdraft...............478.......10........0
Capital One....................800.......42........0
Morg Stanley Card..............800.......13........0
DFS Sofa.......................1500......44........0
Cahoot Loan ...................6499......160.......23.3
Egg card.......................2500......58........0
Barclaycard....................3700......83....... .0
HSBC Loan......................3488......176.......14.9
RBOS...........................4200......91....... .0
B'clays Cashback Card..........402.......8.2.......0
Total unsecured debts..........34217.....843.2.....-



There is some room for improving things I think. Quidco is marvellous and if you have time at home then Eager Learner on here can send you her guidance sheet for free daily clicks.

I assume the Cahoot loan is a flexiloan? If so they are devils for hiking up the APR without "remembering" to tell you it's increased.....definately one to target to get rid of as fast as possible.

Is there any PPI or similar you can reclaim?

Good luck, and I look forward to following your progress.

Eupho

EssexHebridean wrote: »

Hi Eupho, and welcome.


There is some room for improving things I think. Quidco is marvellous and if you have time at home then Eager Learner on here can send you her guidance sheet for free daily clicks.

I assume the Cahoot loan is a flexiloan? If so they are devils for hiking up the APR without "remembering" to tell you it's increased.....definately one to target to get rid of as fast as possible.

Is there any PPI or similar you can reclaim?

Good luck, and I look forward to following your progress.

Hellooo.. (in no particular order.. but before I forget) haha

Yes.. my water rates ARE that high.. nope no arrears.. and yep tried to get a water meter and cant have one for some reason. (cant be fitted or something)

I dooo have the TV/Broadband/Phone package.. with SKY.

Except.. they couldnt let me have the 'free' broadband.. its not available in my area.
I do have multiroom for £10 per month which we dotn really use.. so that can go. and I do pay £6 of the phone bill for free calls abroad (redial after hr) .. I need that for my sisters. But £10 can go.

All my power/heating is electric.. as far as I could tell before.. I was on the cheapest I could get here. (But I will look again)

I'm definitley going to check the old style boards.

The 40p per mile thing.. NO CHANCE.. we tried for YEARS to get it up from 15p!! and it only went up to 25p six months ago.. there is nooo wayyyy they will increase to 40p.. not for me or any of the other employees. So thats out. (and I hate that)

Car insurance was renewed 2 weeks ago.. aarggh.

and yep I am definitely going to push the older children into something more. I have already spoken to my eldest son (since posting this intially) .. and he is going to pay his own mobile phone bill. . So thats a start at a least.

The only PPI I have is on my HSBC Loan (I took the others off some time ago) .. But HSBC wont let me do it unless I REdid a loan.. so I did.. and they refused me. (surprise surprise) :rolleyes: So that one seems stuck for good.. I dont know another way around it.. and I DO remember them asking me if I wanted it when I signed on the dotted line.. and I said yes. So I cant get out of that I don't think. But I bet its quite a lot.. the loan was originally £8000 I think.

The APRs I just didnt put on.. mainly because it was the third time I had filled out my SOA this morning.. (the first two times it failed) .. I didnt think it mattered now? as I wasnt snowballing or anything. (but I am a dimwit) Do I have to send percents to creditors when I send them my offers?

and Yes.. Cahoot cranked the interest on that loan up and up and UP!.. It was 7% when I originally took it out. Years ago.. but still.

:wave:

EssexHebridean

Hiya

The question re the APR's was more so that we could see what would need targetting first with your "new, improved" surplus to be honest.

PPI - check Martin's article about reclaiming/mis-selling as erven if you can't claim it back on the HSBC loan there may be others from the past where you can.....I've just got over £600 back from Northern Rock simply because they told me that their offer of a loan was conditional on me taking their insurance...naughty naughty NR!!

Have a look at Sky's site for possible savings on your deal with them. As you say though if the multiroom isn't being used then it can go can't it. I suspect you can get that down a bit more yet too mind - basic TV = £16.50, mid-package BB £5 when you take sky talk, Sky Talk (phone) £10 = total £31.30 plus the extra for your foreign calls.

Hopefully someone will come along soon with more idea about the water rates thing, but that doesn't sound right to me that they're charging that amount and refusing to fit a meter. Hmmm. it might be worth you having a look at the OFWAT site here to see if you can turn up anything useful though.

Eupho

EssexHebridean wrote: »

Hiya

The question re the APR's was more so that we could see what would need targetting first with your "new, improved" surplus to be honest.

PPI - check Martin's article about reclaiming/mis-selling as erven if you can't claim it back on the HSBC loan there may be others from the past where you can.....I've just got over £600 back from Northern Rock simply because they told me that their offer of a loan was conditional on me taking their insurance...naughty naughty NR!!

Have a look at Sky's site for possible savings on your deal with them. As you say though if the multiroom isn't being used then it can go can't it. I suspect you can get that down a bit more yet too mind - basic TV = £16.50, mid-package BB £5 when you take sky talk, Sky Talk (phone) £10 = total £31.30 plus the extra for your foreign calls.

Hopefully someone will come along soon with more idea about the water rates thing, but that doesn't sound right to me that they're charging that amount and refusing to fit a meter. Hmmm. it might be worth you having a look at the OFWAT site here to see if you can turn up anything useful though.

The thing is.. I HAVE SKY talk.. and the £17 BB was all they could give me.. not the £5 one.. they said that was not available in my area.. so the £17 it had to be.

My SKY must be the basic package.. because it's £27.. and that includes the multiroom.. so if you remove that.. its £17 per month.

Soo.. I have Sky Talk with the 24/7 free Local calls etc.. Free calls abroad (for £6 per month)

Dump the £10 mulitroom.. and I do have the basic package..

and the £17 .. my only option with the 'package'

if that makes sense.. :rotfl::rolleyes:

Eupho

last year.. I had been paying for my son to go on a trip to China ..

I had paid £300.. Then he got expelled.. (again again again!)

I forgot about it until the other day.. I called the school and asked them to look into it. (a year later!)... and they have agreed to give me the £300 back. Whoop!..

Also!.. My floor was torn by DFS last year.. and FINALLY they came to look at it etc.. and agreed to pay for the floor.
Some months earlier .. my dad had paid for me to have a new flooring in the kitchen and in my bedroom.

But when the carpet people put in the quote to DFS they made a mistake.. and put it in for the total bill.. which was £720 .. instead of £420 (for just the floor that was damaged) .. So we'll see what happens there.

My floors okay.. I just shove something over the RRrrrrrriippppp... So I can use that money. (with my dads permission)

AND!
Someone told me that I should have been claiming back something to do with my mileage each year.. and I have never done it.

I phoned the tax office last week.. and they said yep.. and that I can claim back 6 years!... so I have all the forms to do for that too. :T

kindofagilr

Excellent news

If I was you I would look into the broadband again, I was under the impression before that you couldnt get broadband through Sky so you had it with someone else

But if they originally said you couldnt get the basic interet but they are able to give you the higher one I dont understand the reasoning behind that?

Surely if they can supply you with internet they can supply you with any of the packages? all the difference in the packages is the download speeds allowed and the amount of MBs you can download?

I would ask someone on the internet board on here about that

kindofagilr

Just spoke to OH and he said it depends on where you live, he said if you live in the sticks as such lol then they do charge you more cos there are less people on the broadband therefore it costs them more if that makes sense

I would look around on other internet suppliers as well though just to make sure

EssexHebridean

Might be worth you having a look at Virgin Media's site - IIRC you can input your postcode there to check what is available to you.