Got to Start Somewhere..

Skintee

I've scanned over these forums for a few months now and not registered until now. Things are a bit critical. I cant even get my head around what I owe at the moment. I'm hoping by starting this thread it will be the start of me gaining control and getting rid of my debt.

I've not particularly been stupid, but its been about 6 years of bad luck which I'm hoping to counteract; had a horrible expensive divorce where I bought the house (resembling a building site £68k) and the debt (£17k all of his... yes I regret it now...) just to get the crazy (literally ) fool out of my life; was persuaded to take a job away from home as my new partner couldnt find work where we lived, I'm still trying to sell the house (dirt cheap!) four years later; my partner is poorly (arthritus and general mobility problems and too dyslexic to try and get a 'normal' job) so only works self employed part time; when I changed jobs I found I was pregnant with my beautiful wee boy I had just moved out so wasn't entitled to maternity pay, so out went any savings I had; the recession hit so I volunteered to work away from home, but I only get travel expenses, no disuption/accomodation allowances etc, 10 months on and I'm sick of it I just want to be at home with my boys .

Theres other things, but I'm basically stressed at work, stressed over money, missing my family and feel totally out of control and fighting crazy thoughts.

So... this leads me to here.... I figure if I can get back in control of my money situation, the rest will slot back into place.

So in summary I have to pay for two houses, two sets of bills, massive debts (they just get bigger with only one wage )

So I've started here, fingers crossed I dont get dragged off to the nut house before I sort out this SO thingy.
And then its off to the garage to get some new tyres which I can't afford but one is almost bald and I got a nail in the other one this morning (think I murdered someone in a previous life as my Karma aint great)

Hope I haven't scared anyone off replying:eek:

Tx

DancerSupreme

Good luck on your journey. Once you start there is no turning back.

xx

Skintee

!!!!... its scary....

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 5

Monthly Income Details
Monthly income after tax................ 2600
Partners monthly income after tax....... 0
Benefits................................ 80
Other income............................ 400
Total monthly income.................... 3080

Monthly Expense Details
Mortgage................................ 303.8
Secured/HP loan repayments.............. 552.4
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 290.71
Electricity............................. 105
Gas..................................... 83
Oil..................................... 0
Water rates............................. 42
Telephone (land line)................... 23.5
Mobile phone............................ 80
TV Licence.............................. 12.49
Satellite/Cable TV...................... 34.5
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 15
Petrol/diesel........................... 250
Road tax................................ 26.7
Car Insurance........................... 107.41
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 418.75
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 13.5
Contents insurance...................... 13
Life assurance ......................... 25.5
Other insurance......................... 14.1
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 3091.36


Assets
Cash.................................... 0
House value (Gross)..................... 97500
Shares and bonds........................ 0
Car(s).................................. 13000
Other assets............................ 0
Total Assets............................ 110500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 64797.9..(303.8)....3
Secured Debt.................. 23701....(242.9)....0
Hire Purchase (HP) debt ...... 724......(0)........0<
Car............................7400.....(284.5)....0<
Ikea...........................155......(25).......0
Total secured & HP debts...... 96777.9...-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Capital One....................6950......200.......0
Barclaycard....................4875......120.......0
RBS............................2250......100.......0
Halifax........................1200......0.........0
Nationwide.....................412.32....130.......0
Total unsecured debts..........15687.32..550.......-


Monthly Budget Summary
Total monthly income.................... 3,080
Expenses (including HP & secured debts). 3,091.36
Available for debt repayments........... -11.36
Monthly UNsecured debt repayments....... 550
Amount short for making debt repayments. -561.36

Personal Balance Sheet Summary
Total assets (things you own)........... 110,500
Total HP & Secured debt................. -96,777.9
Total Unsecured debt.................... -15,687.32
Net Assets.............................. -1,241.22

Skintee

I feel I have to explain the cars, my OH is a mechanic and does up the sells crash damaged vehicles, I've included them as assets, but will be sold once finished (time dependant on his health)

Also council tax etc is high as we missed a couple of payments and have two properties to tax (wont give me a discount on the empty one )

Ive tried renting out the empty one, I think it just scared buyers off, so its staying empty until it sells.

On another plus point we have loads of junk (esp car parts) so have lots to ebay and are already at it

jacey98

hi

just wanted to say welcome and good luck you have started the road and many turns it may have but it will get to the end.

def ebay away anything you can i have made quite a lot through doing that (although a pain actually doing it)

jc