Help!!! Help more outgoing than Incoming!!

Michelle1312

yes this is his sole contribution, like i previuosly mentioned this is a personal matter i need to address separatly

andys15

Does he live with you, or is he married to someone else and can only get away with £100. That is the only reason I can think why he contributes so little.

Michelle1312

yes he lives with me, no he is not married to anyone else, like i mentioned it is something i need to address separatley

andys15

Well you need to address that situation first. When you have addressed that situation then you will have a better picture of how to deal with the debt. If you cannot address that situation then it is nigh on impossible to attack the debt.

doodledo_2

Hi Michelle and welcome to the forum.

I appreciate your comments re your partner so won't discuss this obviously you know this is an area which needs to change and thats for you to deal with and not our business.

It would definately be worth following the link to the SOA given above and reposting and it is very extensive and reminds you of outgoings you probably hadn't even thought of so if you get chance I would do that.

I wouldn't recommend a consolidation loan. Your total debt is not too high and with some adjusting of your budget you could soon get this under control.

Your gas and electric seem high per month, is this paying arrears? May be worth looking into swapping them to a cheaper supplier if any available.

Sky and virgin seem an easy place to make a real cut. I think they both offer packages with TV, broadband and phone all included so I would get in touch with them both and see what they can offer you as this would seem a quick win. I only pay £22 a month for my sky, broadband and phone

Good luck and keep posting you are amongst friends lol

Dinah93

Michelle1312 wrote: »

Outgoings (Monthly)TV Licence £ 11.95 Child Savings Trust Fund £ 10.00 Npower (Gas & Elec) £ 140.00 Eeek this is very high for a monthly figure, shop around, it can be reduced Sky TV £ 46.00 Get rid of this and go onto freeview Council Tax £ 122.00 Vodaphone (mobiles) £ 45.00 Virgin (Land line & Broadband) £ 37.00 Norwich Union (Family Inc benefit) £ 54.82 What does this pay for? AA Membership (Car) £ 20.89 Christ, mine is £39 for a whole year! Mortgage (Interest only) £ 667.00 Yorkshire Water £ 24.00 Car Insurance (Swift) £ 35.00 Scot Eq (Life !!!) £ 31.61 Norwich Union (Home Insurance) £ 17.81 £1,263.08 Outstanding Credit CardsTotal O/SCapital 1 £ 125.00 per month £2,500.00 Mint £ 11.00 per month £ 300.00 Barclaycard £ 24.00 per month £1,085.00 £ 160.00 £3,885.00 Incoming (monthly)Child Tax Credit £ 52.80 Family Credit £ 42.11 Wage weekly £330.00 x 4 £1,320.00 Parttime wage only just started so not sure only 6 hours on a weekend £6.70ph £1,414.91 TOTAL LEFT -£ 8.17 Get given £100 per week from partner to obtain Food/petrol/nappies & clothes etc

You could easily get the balance positive with a few fairly painfree savings and start clearing the debt, is this only in your name but your partners too? He is under contributing I would think (can't see a rent payment anywhere so not sure), so it is not fair that supporting him is putting you into debt. Can he not take on more work too so he can pay his fair share?

talana

Go through those outgoings systematically and there's a lot you can make savings on as already said. To get a full picture though, there are other things that I don't see at the moment....groceries? petrol?

And on the income side, £330 per week is actually more like £1,420 per month (x4.3 rather than x4)

It is worth putting as much detail down as you can for the SOA to do it's job properly.