SoA

Bunnie1982

Thought it would be easier seeing this all on screen, with my mine and my fiances debts and outgoings combined. It is so hard to see when they are separate.

A lot of the expenditure has been worked out through CCCS for my fiance, I'm independent of CCCS (I have starred what fiance pays). Any suggestions would be appreciated

My Income: £915
His Income: £973
Total Income: £1888

Priority Bills

Housing
Rent: £375
Water Rates: £20
Council Tax: £102**
Gas: £20**
Electricity: £10**

Household Services
Contents Insurance: £7.46**
Telephone, Mobile and Internet: £35**
My Mobile: £10pm
TV Licence: £10.99**

Motoring
Car Finance: £128**
Spares/Servicing: £10 (put to savings)**
Road Tax: £15 (put to savings)**
Insurance: £45 (for two people) **
Fuel and Parking: £40 (LPG car)**

Fares and Travel
£22.20 a week train fare (weekly season pass)

Food and Housekeeping
Food, Toiletries and Cleaning: £80 (reduced from £120)
Pets: £15
Clothing and footware: £20 (put to savings)

Misc. Goods and Services
Medicines/Precriptions: £6.50 a quarter
Dentist/Opticians: £10 (into savings)**

Personal and Leisure
Sports and Hobbies: £30
Sundries/Emergencies: £10**


My Debts
Natwest Loan: £7000 - £208pm (with about £36pm PPI) - 9.0% APR
Natwest CC: £1600 limit - £1283 - £30pm - 17.49% APR
Capital One CC: £200 limit - £150 - £10pm 14.9% APR
GE Money Card: £2100 limit - £700 - £30pm (statement doesn't state APR)

Partners Debts (through CCCS)
Natwest Overdraft - £500 - £13
Lloyds Overdraft - £400 - £10
Barclaycard - £600 - £16
GE Money Card 1 - £80 - £8
GE Money Card 2 - £660 - £17
Intelligent Finance Loan - £700 - £25
Intelligent Finance Credit Card - £2515 - £45
Britannia Loan - £1300 - £34
MBNA Credit Card - £3025 - £79
Preference Card - £1525 - £40
Next Storecard - £106 - £5
Capital One - £6448 - £168
Westcot - £174 - £10


Total £1796.75

So really we should have about £90 a month leftover (unless I have missed something off) although with the finances seperate, I cannot see it

We have recently made savings on food shopping, contents insurance and cancelled our advantage gold account

CLAPTON

its rather difficult to see where you can economise ....you are already doing a rather good job..

apart from the loan, is there PPI on any of the debts that you can get rid of? do you need PPI on the loan or is it not possible to cancel?

perhaps you can consider if you can increase your income...can you work overtime at your job or get a part time job, sell stuff on ebay? even a 2/3 hundred could be thrown at the debts and would start making a real reduction.

Jaymz

The Natwest Loan has a high APR and you could save yourself £36pm if you cancel the PPI on it.

I can't see any other areas to cut down, but I am sure other people will be along soon to help!

Bunnie1982

There is just PPI on the loan, and no PPI on any of my partners debts (which we found out when he was made redundant last year)

Unfortunately I work for local government and they don't offer overtime, just flexitime. Hopefully though should get a £400 a year payrise this month which will make a difference. Ideally in terms of my debts, I want to get rid of the storecard first as I am presuming the APR is around 29.9% APR.

We have some items boxed up for a car boot sale though and I have a computer to sell in the local paper which is just gathering dust so that will be able £200 I can throw at the cards, and my partners parents have just had a clear out and found loads of his old junk.

His problem is he won't sell anything, he likes hoarding things (like computer games)

CLAPTON

well tell OH that computer games sell really well on ebay so bend his arm a bit.

but do sort out the APRs and of course throw all spare money at the cc with the highest APR until its paid off.

lynzpower

Could you flexitime down to say 4 long days and squeeze in a second job anywhere?

Bunnie1982

lynzpower wrote:

Could you flexitime down to say 4 long days and squeeze in a second job anywhere?

I probably could over the summer, but it's quite quiet at the moment. Am trying to get a job a bit closer to home to reduce travel to work costs, just waiting on interviews

newmoneysaver_2

Hi Bunnie,

I can't really offer much other than it works out cheaper to but a monthly season ticket than weekly tickets (monthly season tickets are priced at 3.8 times a weekly) I know its not much but every little helps and it makes it much easier to budget (some months you would have to buy 5 weekly tickets) I usually get a 5% discount applied to my monthly ticket too (does not apply to weekly tickets) to account for late running/cancelled trains - I have had this on and off for the last few years - I usually but a monthly with discount but buy weekly tickets if I'm going on holiday, the first month will usually be at full price but the discount is be added on my next monthly ticket.