Need to face the Music

jinky67

LouiseJ wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1192
Partners monthly income after tax....... 1550
Benefits................................ 195
Total monthly income.................... 2937
Monthly Expense Details
Mortgage................................ 420
Secured/HP loan repayments.............. 37
Council tax............................. 105
Electricity............................. 48
Gas..................................... 57
Water rates............................. 29
Telephone (land line)................... 18 phone, tv and net could all be in one cheaper package missus :D
Mobile phone............................ 34 :eek:not that i can talk, my last one was £133:o
TV Licence.............................. 10.99
Satellite/Cable TV...................... 19
Internet Services....................... 18
Groceries etc. ......................... 250
Clothing................................ 40 chop it for a few months
Petrol/diesel........................... 200
Road tax................................ 31
Car Insurance........................... 25
Car maintenance (including MOT)......... 10
Other child related expenses............ 151 (these are music lessons for both children)
Pet insurance/vet bills................. 10
Buildings insurance..................... 12
Contents insurance...................... 10
Life assurance ......................... 24
Other insurance......................... 32
Presents (birthday, christmas etc)...... 75
Haircuts................................ 10
Entertainment........................... 100
Holiday................................. 300 (already booked for 2010:o)
Emergency fund.......................... 50 cant this not go for a few months as well?
Money taken for vending machines at work 30 snap his fingers off and make him take stuff:p
Pensions and Savings schemes............ 237
Takeaways............................... 15 hmmmmmm:p
Total monthly expenses.................. 2407.99

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 41405....(420)......0.74
Secured Debt.................. 4217.....(37).......0.74
Total secured & HP debts...... 45622.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC...........................389.......5.........14.9
Thomas Cook....................200.......5.........19.9
Halifax........................329.......5.........19
Loan from Mum..................500.......100.......0
Total unsecured debts..........1418......115.......-

Monthly Budget Summary
Total monthly income.................... 2,937
Expenses (including HP & secured debts). 2,407.99
Available for debt repayments........... 529.01
Monthly UNsecured debt repayments....... 115
Amount left after debt repayments....... 414.01
Personal Balance Sheet Summary
Total assets (things you own)........... 160,650
Total HP & Secured debt................. -45,622
Total Unsecured debt.................... -1,418
Net Assets.............................. 113,610

So I should have £414 left over at the end of the month I have pledged to send £400 off as mortgage overpayments but that plan will have to go on the back burner for now.

I did try to be sensible:D:T:T:j

skint_spice

I was wondering why you were looking for the SOA earlier, you'll get it sorted don't worry! Make the most of your hols while you can and get some money in now before you go back to work. Do you really manage to only spend £10 a month on haircuts for four of you? My DS needs his cut every four weeks or so at a fiver a time!

Ames

I think you should budget according to your current income, then any extra you can just throw straight at a card, if you've never had it you wont miss it.

Presents are really high, that's 900 a year! I've already started checking out charity shops, ebay and sales for mine.

LouiseJ

jinky67 wrote: »

I did try to be sensible:D:T:T:j

Well the mobiles are for both boys contracts each £15 and £20 respectively, I am happy to pay this so I know they are safe when they are out and I can contact them:o

My and OH mobile bill is PAYG and about £5 for 4 months:rotfl:

I think the clothing budget can go for a few months as we all have plenty of winter clothes from last year......so long as the boys dont grow much again.

OH takes £1.50 a day for coffee and takes a packed lunch, they arent allowed to have a kettle:rolleyes: so he has to use the machines, he is having 6 cups a day at 25p which I do agree is alot.

LouiseJ

skint_spice wrote: »

I was wondering why you were looking for the SOA earlier, you'll get it sorted don't worry! Make the most of your hols while you can and get some money in now before you go back to work. Do you really manage to only spend £10 a month on haircuts for four of you? My DS needs his cut every four weeks or so at a fiver a time!

Fortunately the boys haircuts are only about once every 8 weeks cause they wear there hair a bit longer (its the fashion apparantly) OH.......Whall clippers in the kitchen:D

I usually let mine get to desperate point so only about once every four months at about £25.

I am going to start selling stuff later this week so I can post any sales off before I go back to work.

LouiseJ

Ames wrote: »

I think you should budget according to your current income, then any extra you can just throw straight at a card, if you've never had it you wont miss it.

Presents are really high, that's 900 a year! I've already started checking out charity shops, ebay and sales for mine.

I know presents seem high but that is for Christmas and Birthdays for all our family and OH's. I do try to get my bargains from Boots in the sales for the women and always look out for bargains throughout the year.

hypno06

LouiseJ wrote: »

OH takes £1.50 a day for coffee and takes a packed lunch, they arent allowed to have a kettle:rolleyes: so he has to use the machines, he is having 6 cups a day at 25p which I do agree is alot.

Could he take a flask of coffee? That might not provide him with 6 cups, but could cut down the coffee by at least half?

skint_spice

LouiseJ wrote: »

Fortunately the boys haircuts are only about once every 8 weeks cause they wear there hair a bit longer (its the fashion apparantly) OH.......Whall clippers in the kitchen:D

I usually let mine get to desperate point so only about once every four months at about £25.

I am going to start selling stuff later this week so I can post any sales off before I go back to work.

Lucky you then just wondered if it was realistic, I decided to get mine done every month or six weeks to celebrate DFness but now can't bring myself to spend money on it:rotfl::rotfl:. Such a scruff me:o.

Matched betting season now isn't it - that should make you a few bob:D.

Ames

If there's a hairdressing college near you they're usually a lot cheaper, mine's £4 if it's above the shoulder, 6 below. It takes an age, but the cut's often better because they concentrate more.

Does the vending machine have an option for just hot water? I know some of them do, then he can just take coffee and milk. Or does he drive there? It could be cheaper to get one of those kettles that work from a cigarette lighter in the car, then he can fill a thermos during breaks to last a couple of hours.

LouiseJ

Ames wrote: »

If there's a hairdressing college near you they're usually a lot cheaper, mine's £4 if it's above the shoulder, 6 below. It takes an age, but the cut's often better because they concentrate more.

Does the vending machine have an option for just hot water? I know some of them do, then he can just take coffee and milk. Or does he drive there? It could be cheaper to get one of those kettles that work from a cigarette lighter in the car, then he can fill a thermos during breaks to last a couple of hours.

There is a hairdressing college Ames, I have been in the past but the person I go to is a good friend and gives me Mates Rates already, I only ever go when I am desperate for my highlights in so I get a cut at the same time she does it for £25 which I think is about what the college charges anyway.

Good idea for the water only out of the vending maching..........just have to convince OH to go to the hassle of putting the coffee and milk in a cup:rolleyes::rotfl: