at the end of my tether

nicnak1

My husband works full time, and I am at present time unemployed ( I start as a student nurse in September). We are up to our eyes in debt, and i really can't see a way out. It has got to the point where I hate my kids coming home with letters just in case they are asking for money for school trips. I hate saying no to them, but we just cannot afford them. I am hoping that someone out there can make sense of my budget and tell me where I am going wrong...and hopefully save me a few pounds. Just an after thought...I have not included any trips that my children want to go on with their associated clubs and stuff.I have also not included pet food ( 1 dog, 2 cats 1 budgie, numerous tropical fish)£10 a week

Sorry, i didn't know how to place my Statement of affairs up,....any questions, please ask.

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1003
Benefits................................ 824
Other income............................ 0
Total monthly income.................... 1827

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 300
Management charge (leasehold property).. 0
Council tax............................. 94
Electricity............................. 50
Gas..................................... 70
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 10
Mobile phone............................ 40
TV Licence.............................. 10
Satellite/Cable TV...................... 42
Internet Services....................... 24
Groceries etc. ......................... 500
Clothing................................ 70
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 24
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 15
Presents (birthday, christmas etc)...... 10
Haircuts................................ 50
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1544


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
provident......................0.........408.......0
old council tax................0.........60........0
old payday load debt ..........0.........50........0
Total unsecured debts..........0.........518.......-


Monthly Budget Summary
Total monthly income.................... 1,827
Expenses (including HP & secured debts). 1,544
Available for debt repayments........... 283
Monthly UNsecured debt repayments....... 518
Amount short for making debt repayments. -235

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

WASHER

nicnak1 wrote: »

My husband works full time, and I am at present time unemployed ( I start as a student nurse in September). We are up to our eyes in debt, and i really can't see a way out. It has got to the point where I hate my kids coming home with letters just in case they are asking for money for school trips. I hate saying no to them, but we just cannot afford them. I am hoping that someone out there can make sense of my budget and tell me where I am going wrong...and hopefully save me a few pounds. Just an after thought...I have not included any trips that my children want to go on with their associated clubs and stuff.I have also not included pet food ( 1 dog, 2 cats 1 budgie, numerous tropical fish)£10 a week

Sorry, i didn't know how to place my Statement of affairs up,....any questions, please ask.

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1003
Benefits................................ 824
Other income............................ 0
Total monthly income.................... 1827

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 300
Management charge (leasehold property).. 0
Council tax............................. 94
Electricity............................. 50
Gas..................................... 70 - SEEMS HIGH, ARE U IN ARREARS
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 10
Mobile phone............................ 40 - MUST GO
TV Licence.............................. 10
Satellite/Cable TV...................... 42 - MUST GO
Internet Services....................... 24 - WHY IS THIS SO HIGH?
Groceries etc. ......................... 500 - TRY TO REDUCE TO £400 FOR THE FOLLOWING MONTH
Clothing................................ 70 - TOO MUCH EACH MONTH
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 24
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0- YOU NEED THIS, ITS FAR MORE IMPORTANT THAN A MOBILE
Other insurance......................... 15
Presents (birthday, christmas etc)...... 10
Haircuts................................ 50 - FAR TOO MUCH EACH MONTH
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1544


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
provident......................0.........408.......0
old council tax................0.........60........0
old payday load debt ..........0.........50........0
Total unsecured debts..........0.........518.......-


Monthly Budget Summary
Total monthly income.................... 1,827
Expenses (including HP & secured debts). 1,544
Available for debt repayments........... 283
Monthly UNsecured debt repayments....... 518
Amount short for making debt repayments. -235

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Welcome to the DFW board. I am certainly not the best person in the world to be commenting on your SOA, but I wanted you to know that someone is reading your thread, and at this time of the morning, things can seem much worse than they actually are.

I have added some comments in above, what are your actual debts, do you really pay the Provident £400 per month?

WASHER

nicnak1

yup, I should be paying provident £400 a month, but I have been paying £250 a month as I cannot afford repayments

WASHER

ok, can you tell me the outstanding debt in total for all.

nicnak1

The total provident debt?

WASHER

all your debts, list each one of them.

WASHER

I can see at least £260 of savings in your SOA without really starting to pull it apart, you can reduce haircuts to £20 per month, saving £30, mobile phone £40, sky tv £40, reduce food by £100 and reduce clothing to £20 per month.

You should just break even and with careful planning you should be able to reduce your food bill easily to £300 per month, giving you £100 per month to "live on" so to speak (for dog food/childrens activities etc).

nicnak1

The gas is an approximate over the whole year...at the moment I put approximately £10 per week in the meter, in winter, i put up to £30 a week in...although, if we have no money, the sleeping bags come out!

hettiecarro

Keep your chin up. I too am up worrying myself to death, but this site has at least shown me I'm not alone and other people have come through the other side.

If I find anything I may feel useful to you I will post it.

Sorry - not much help - but thought like me you need encouragement to know it can be sorted.:hello:

WASHER

Hettiecarro, debts are not worth worrying your self to death over, what you haven't got they can't take, post your SOA on another thread and the DFW posters will help you.

If you need to read something now, take a look at the CCCS website, its a debt charity, some very useful information.

WASHER

nicnak1

I would love to cut the food budget by £100 if there is someone out there that can tell me how to do it...please say! My eldest son (he's 16) is still wearing last years clothes as i can't afford to buy him the clothes that he would like...I always buy my clothes in sales at the supermarkets.!I really scrimp and save as much as i can!