Thought I was getting straight, now its all going wrong.

wishingonastar_3

i'll have a look in morrisons tonight as i'll be passing for energy bulbs, thanks for that.
been over to old style, got quite a few ideas, so fingers crossed that shopping bill is on its way right down.

many thanks again,

woas.

Spendless

wishingonastar wrote:

right here goes

outgoing every month
rent £450
electric £40 (on a meter)
gas & water in with rent
car costs (petrol/tax/insurance) £125
food (inc all cleaning stuff etc) £200-£250
council tax £74
tv license £12
credit card (£987.12 outstanding balance, paying off bout £30 a month)
child care £190 (per month averaged over school and holidays to get average.)
gym classes, brownies & swim lesson for dd £33.56
paper bill £6.45
plus i reckon maybe £20 per month averaged over a year on clothes/shoes/etc

incoming
wages £822
Tax credit £252.22
child benefit £73.61

i seem to end up with a deficit of about £80 each month, which goes on cc, then thats adding up, and its all worrying me cos i don't want to go back to being in debt, and being worried sick.

thanks for your help.

woas.

x

When I had an electricity meter it was charged at a higher rate than if I paid the bill via DD. This was some years ago and I don't know if all suppliers are the same but worth checking out. You could post on the utilities board to see if someone knows.

Also you've mentioned family helping out to reduce your childcare costs. Do you get help via tax credits for your childcare, if you do (and I've no idea how they administer it) bear in mind that if your costs reduce you may owe them money back that they've already paid out to you.

Spendless

wishingonastar wrote:

right here goes

outgoing every month
rent £450
electric £40 (on a meter)
gas & water in with rent
car costs (petrol/tax/insurance) £125
food (inc all cleaning stuff etc) £200-£250
council tax £74
tv license £12
credit card (£987.12 outstanding balance, paying off bout £30 a month)
child care £190 (per month averaged over school and holidays to get average.)
gym classes, brownies & swim lesson for dd £33.56
paper bill £6.45
plus i reckon maybe £20 per month averaged over a year on clothes/shoes/etc

incoming
wages £822
Tax credit £252.22
child benefit £73.61

i seem to end up with a deficit of about £80 each month, which goes on cc, then thats adding up, and its all worrying me cos i don't want to go back to being in debt, and being worried sick.

thanks for your help.

woas.

x

Hi just wondered how you were getting on? I notice you don't seem to be in receipt of maintainance for your child? This doesn't affect your tax credits. If your daughters dad can't help out financially could he help out practically instead, perhaps with some childcare to reduce your costs?

trafalgar_2

Hi wishingonastar,
Just read your thread on being debt clear now (congratulations by the way,fantastic acheivement)and am a little confused as you mention above CC debt,have you managed to pay it all off as well ?.

wishingonastar wrote:

credit card (£987.12 outstanding balance, paying off bout £30 a month)

.............if not I would be interested in your view on my question thread

thanks

http://forums.moneysavingexpert.com/showthread.html?t=188560