Help me

little_miss_T

i really like getting help from here. its nice not to be judged

Ddraig

:money:[tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 851
Benefits................................ 868
Other income............................ 0
Total monthly income.................... 1719
Monthly Expense Details
Mortgage................................ 279
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 25
Mobile phone............................ 10
TV Licence.............................. 14
Satellite/Cable TV...................... 16.5
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 30
Petrol/diesel........................... 120
Road tax................................ 35
Car Insurance........................... 70
Car maintenance (including MOT)......... 80
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..................... 25
Contents insurance...................... 0
Life assurance ......................... 24
Other insurance......................... 14
Presents (birthday, christmas etc)...... 100
Haircuts................................ 3
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1477.5

Assets
Cash.................................... 0
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 103000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 40000....(279)......5.39
Total secured & HP debts...... 40000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
personal loan..................9000......186.......7.9
Total unsecured debts..........9000......186.......-

Monthly Budget Summary
Total monthly income.................... 1,719
Expenses (including HP & secured debts). 1,477.5
Available for debt repayments........... 241.5
Monthly UNsecured debt repayments....... 186
Amount left after debt repayments....... 55.5
Personal Balance Sheet Summary
Total assets (things you own)........... 103,000
Total HP & Secured debt................. -40,000
Total Unsecured debt.................... -9,000
Net Assets.............................. 54,000
[/tt]

RAS

Amount left after debt repayments....... 303

little_miss_T wrote: »

it all looks like it works on paper when i look at a budget like that, i


i forgot to add into that the amount we spend on cigs each month. about £200. but trying to quit. except with all this stress its the only thing keeping me sane.

So that is a large chunk of the amount left.


only 4 mths into contracts with mobiles so cant get out of them

sky package is on lowest it can be, but that is bumped up by calls made from landline

and car insurance is cheapest he can get.

Is it absolutely necessary for you to have car? If it costs you £1900 to repair a car that recently cost £15K, then something is very wrong.

And if that is the insurance, then either he is very young, or has masses of points or both. It would be a lot cheaper to get him off the road.

You need to check all the paperwork regarding the car and find out when you can get rid of it. Then buy a cheap run around for which he pays less insurance, if it is esssential.

You cant afford flash cars.

Ddraig

I know it looks like we had extra but that goes on varied crap,like dogs attacking each other and costing us a massive vet bill.Plus putting said new rescue dog to sleep.Not nice,but i have to put the emotional part aside and sort finances out for my families sake.

hettiecarro

Hi Ddraig


Go to the front page and start a new thread. You'll see it at the top of the Debt Free Wannabe page on the left.

Ddraig

OOppss sorry thankyou Hettiecarro xxx

little_miss_T

RAS wrote: »

Amount left after debt repayments....... 303



You need to check all the paperwork regarding the car and find out when you can get rid of it. Then buy a cheap run around for which he pays less insurance, if it is esssential.

You cant afford flash cars.

i know, and i keep telling him that, but i do understand what he says, we have so much stress in our lives and so much bad stuff going on that the car is the only bit of luxury we have. and i think we would go stir crazy if we had nothing nice at all in our lives.

RAS

little_miss_T wrote: »

Monthly Income Details[/b]
Monthly income after tax................ 765
Partners monthly income after tax....... 1625
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2390
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 339
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 60 - these are both high - read the meter, turn everything except the fridge and freezer off and the keep it off unless you are using it.
Gas..................................... 55 read the meter, trun the thermastat down to 20 dgrees and make sure the water is also set for 20 degrees.
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 13
Mobile phone............................ 75 - you HAVe to reduce this ASAP
TV Licence.............................. 12
Satellite/Cable TV...................... 35 - this has to go - freeview only
Internet Services....................... 0
Groceries etc. ......................... 160 - you can cut £40-50 off this
Ciggies ...................................200
Clothing................................ 10
Petrol/diesel........................... 200 - reduce the mileage yyou driveto the minimum, learn to walk short distances and catch the bus into town
Road tax................................ 20
Car Insurance........................... 90
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 48 - if you have a card use it
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 15
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 - has to go
Haircuts................................ 7
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10 - this is an emergency. How much have you got saved?
Total monthly expenses.................. 1981
Assets
i have no assets as my car is on finance and the finance dont run out for another 3 yrs
Secured & HP Debts
Description....................Debt......Monthly...APR
Hire Purchase (HP) debt ...... 15000....(339)dont know exact amount outstanding or apr but this is what i pay per mth
Total secured & HP debts...... 15000.
Unsecured Debts
Description....................Debt......Monthly
CTP............................1900......246
other debts....................8000......60again approx.
Total unsecured debts..........3600......306
Monthly Budget Summary
Total monthly income.................... 2,390
Expenses (including HP & secured debts). 1,981
Available for debt repayments........... 409
Monthly UNsecured debt repayments....... 306
Amount left after debt repayments....... 103

You both need to keep a complete spending diary to find out where this £100 has gone

You have a choice - cut out all the other luxeries or have the car.

You need to understand that cigs, much as you need them, satellite TV, mobile phone contracts and cars are all luxeries and you cannot aford them and sort out the pay-day loans.

You starting point has to be to pull together enough by selling stuff and cuttting back this month to pay off one payday loan.

Try and find you local Credit union. They may let you have enough next month to pay off another loan. Although that will not reduce your debt, it may give you enough breathing space to pay off another cheque the next month.

little_miss_T

i looked on the website of my local credit union and it looks like i have to pay into it to get anything out of it is that the case?

little_miss_T

does anyone know of where i can get a loan with bad credit wothout having to pay admin fees?