Struggling with monthly payments

Numpty_Monkey

ste1406 wrote: »

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.............................. 1

Monthly Income Details:-

Monthly income after tax.......................... 1260
Partners monthly income after tax.............. 0
Benefits................................................ 698 check entitledto.com
Other income......................................... 0
Total monthly income.............................. 1958

Monthly Expense Details:-

Mortgage.............................................. 455
Secured/HP loan repayments.................... 42
Council tax............................................ 92 ask to pay over 12 months
Electricity............................................. 55check out comparrision sites and cashback sites
Gas..................................................... 40 as above
Water rates.......................................... 25
Telephone (land line).............................. 15 look at phone/internet packages
Mobile phone......................................... 25 cancel if not best tarriffs or ask for a reduction
TV Licence........................................... 12
Satellite/Cable TV.................................. 22 cancel and go to freeview if poss
Internet Services................................... 20 as landline I pay £20 for both
Groceries etc. ...................................... 440 look at meal planning, batch cooking, drop a brand and the OS board
Clothing............................................... 50 need to reduce ,charity shops are pretty good and ebay for kids clothes, buying and selling
Petrol/diesel......................................... 140 look at Petrolprices.com.
Road tax.............................................. 20
Car Insurance....................................... 38 ANY insurance look at Martins article
Car maintenance (including MOT)............. 10
Other travel (School Bus Fare)................. 20
Other child related expenses (School Dinners for 2)... 56
Medical (prescriptions, dentist etc)........... 10
Buildings insurance................................. 11
Contents insurance................................ 11
Life assurance ...................................... 7
Other insurance..................................... 20
Presents (birthday, christmas etc)............ 20
Haircuts............................................... 15
Entertainment....................................... 40
Emergency fund.................................... 10
School Trips/Activities............................ 12
Total monthly expenses.......................... 1733

Assets:-

House value (Gross)...................80000
Car........................................ 3000
Total Assets............................ 83000

Secured & HP Debts:-

Description.........................Debt............Monthly.......APR

Mortgage...................... ....63000...........(455).........5.49
Secured Debt......................5000...........(42)...........5.49
Total secured & HP debts......68000

Unsecured Debts

Description....................Debt......Monthly...APR

Capital One Card...............2000......90.......28.4
Capital One Card...............1600......70.......28.8
Capital One Card...............340.......17........26
Aktiv Capital....................1100......12........0
Barclays Overdraft............1000......10........0
Alliance & Leicester...........2400......90........10.9
Halifax Card.....................2300......23........15.9
Bank of Scotland Card.......7100......98........15.9
Associates Card...............1700......65........23.9
Total unsecured debts......19540.....475.......

Monthly Budget Summary

Total monthly income...............................1,958
Expenses (including HP & secured debts).....1,733
Available for debt repayments................... 225
Monthly UNsecured debt repayments.......... 475
Amount short for making debt repayments.. -250

Personal Balance Sheet Summary
Total assets (things you own)........... 83,000
Total HP & Secured debt................. -68,000
Total Unsecured debt.................... -19,540

Net Assets................................... -4,540

Hi Ste
I've left a few comments about your SOA in red

My feeling is to send the pro rata payments if you are sure they are the ammounts you can afford to pay?

Have a look at CCCS Debt Remedy
enter your SOA figures (you don't have to sign up) and it gives "guidelines" as what is expected expenditure;):rolleyes: