Rabbit in headlights :-)

bank_of_slate

katch22 wrote: »

Hi,

Well here it is. The figures are rounded up to the nearest I can get until I am up and at em enough to pop into the office and et all my files.

Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1 or 2
Monthly Income Details
Monthly income after tax................ 256
Partners monthly income after tax....... 1750
Benefits................................ 0
Other income............................ 100
Total monthly income.................... 2106
Monthly Expense Details
Mortgage................................ 1050 :eek:Whoa that's a big 'un
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 129
Electricity............................. 50
Gas..................................... 45 Are these the best tariffs?
Oil..................................... 0
Water rates............................. 66 Are you on a meter?
Telephone (land line)................... 31
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 15
Petrol/diesel........................... 50
Road tax................................ 12
Car Insurance........................... 24
Car maintenance (including MOT)......... 12
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 11
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 12
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 20 Could you use this to pay off a high APR debt?
Total monthly expenses.................. 1798

Assets
Cash.................................... 0
House value (Gross)..................... 275000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 2000
Total Assets............................ 280500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 214000...(1050).....4.75
Total secured & HP debts...... 214000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Lloyds Loan....................5300......130.......0 Could do with knowing the APRs on these
Lloyds Loan....................4800......125.......0
Lloyds CC......................3600......75........0
Alliance & Leicester...........8700......25........0
Nationwide O/D.................650.......10........0
Nationwide CC..................850.......30........0
HSCB CC........................5200......5.........0
Mint CC........................5600......25........0
Total unsecured debts..........34700.....425.......-

Monthly Budget Summary
Total monthly income.................... 2,106
Expenses (including HP & secured debts). 1,798
Available for debt repayments........... 308
Monthly UNsecured debt repayments....... 425
Amount short for making debt repayments. -117
Personal Balance Sheet Summary
Total assets (things you own)........... 280,500
Total HP & Secured debt................. -214,000
Total Unsecured debt.................... -34,700
Net Assets.............................. 31,800

Scary stuff. I hope to be able to work again soon but it depends on my trip to hospital on 27th...... just need a miracle again there and I can get back to earning. Actually I miss working. Sad but true. First time in 30 years that I have been on benefits, how anyone lives on them long term I have no idea..... I would need MSE and a fairy Godmother I think so I take my hat off to anyone out there that has to do this.

Anyway here it is. The calculator did ask why no Life Assurance but I can't get any now having had the BC ....... can't afford it anyway :-) I feel better for having written it down and plan to tackle it all as soon as I have more money available.... any day now.

Thanks x

Thanks katch, can you go interest only on the mortgage for a while to reduce it, it's a huge chunk every month
...Linda xx

katch22

Hi Linda,

Oh, how I wish I could have interest only, it would only be £450 ish a month I think. Nationwide have a rule that if you don't have 150K of equity then you can't have interest only, combined with the arrears that we have been desperately trying to get on top of (23K when we moved back in). In fairness Nationwide have been really good to me, they gave me loads of advice to ensure I got back in. Not sure how we have done it but up until last month we were paying £2051.12 a month....... I kid you not. My OH has worked his socks off.
We own one car, mine. OH really needs a van, he is a painter and decorator and keeps on being offered much bigger jobs but no van (he has a scooter at the mo) means he can't do them. Frustrating. We really should do this first to up our income but I feel guilty saving whilst we owe so much out to everyone.
No we don't have a water meter we have the rates paid DD every month, in fact thinking about it they don't get paid all year round do they? Actually neither does the Council Tax... oh I may need to revisit it.

I am being assessed next week for my benefits etc. If I am deemed as 'terminal' then they up my rate to more than £80 a week..... it goes without saying but I would rather just get back to my business. If they give me a terminal diagnosis then I will have to seriously llok at everything in a hurry. I do have a very good pension (currently 176K in that pot) so I would be able to do quite a bit I think.

Anyway, that's a lot of rambling for first thing in the morning. Off for a cup of tea. Thanks Linda for keeping up. I bet you wish you hadn't asked now x

katylittlelady

Hi katch22!!

Just had a little read through your thread and love your humour despite all that you have gone through! It is great you are facing it all rather than burying your head in the sand!

I have only one small suggestion - not sure if it will be any use! How you contacted macmillan cancer support? They are geared to helping people in your situation and may be able to help? Not sure but may be worth looking into!

Look forward to following your story, have you sacked that script writer yet though? x x x x

katch22

Hey everyone,

Not only have I now worked out that our Water Rates and Council tax are less than I thought per month, the Nationwide have now told us that our payment is £1022.95 a month not £1050 which was the estimate. Now I know it isn't a fortune but at least it's moving in the right direction. Added to that I slept all night, no hot sweats..... not a one. I think Tamoxifen must have been created by a load of ex husbands whose ex wives had BC.... it is the drug from hell but I seem to be getting used to it. Easy peasy.
Will update my statement of my financial mess over the weekend. Thanks for the replies. x

consultant31

I have just one thing to say - you're a very brave lady and I wish you the very best of luck with ALL your problems. Your daughter must be very proud of you :A

bank_of_slate

katch22 wrote: »

Hey everyone,

Not only have I now worked out that our Water Rates and Council tax are less than I thought per month, the Nationwide have now told us that our payment is £1022.95 a month not £1050 which was the estimate. Now I know it isn't a fortune but at least it's moving in the right direction. Added to that I slept all night, no hot sweats..... not a one. I think Tamoxifen must have been created by a load of ex husbands whose ex wives had BC.... it is the drug from hell but I seem to be getting used to it. Easy peasy.
Will update my statement of my financial mess over the weekend. Thanks for the replies. x

It's amazing how even small things can make a difference and give you a lift! :T
...Linda xx

katch22

Thanks once again for the replies. The 'daughter must be very proud of you' really got me. It's strange that's what I have said all along, I just want Jo to be proud of me...... weird or what?! Not sure she would approve of the debt but nowt much I can do about it now.

Determined to get my statement re-done. We have guests at the mo so later. I did what to ask what are Scratchcards that I keep on seeing mentioned and matching betting? Can I make any money without spending any? I suppose that's what everyone wants :-) Have a great day all x