Quacking away!

salduck

Hi All A little about me and why i am posting!
I am 31 single love life! Work hard play hard but just feel like i am squndering all my money. i own a house down in england that is rented out, I rent up north.
I have had issues in the past with gambling however that is all behind me now and as of next month my soa is exact! Have kept a spending diary for the last 2 months to see where the pennies are going! I dont have a freezer so as much as i love to batch cook i cant!
my entertainment can go up or down dependant on the month but thats about average. Rent has not come in this month as I had to have work doen on the house and the rent was paid towards that. Any comments appreciated and welcomed.
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1725
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 492.5
Total monthly income.................... 2217.5
Monthly Expense Details
Mortgage................................ 408.5
Secured/HP loan repayments.............. 95.5
Rent.................................... 550
Management charge (leasehold property).. 4
Council tax............................. 86
Electricity............................. 57
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 11.25
Mobile phone............................ 35 (work pays for this included in wage above)
TV Licence.............................. 16
Satellite/Cable TV...................... 0
Internet Services....................... 30( work pays for this mobile broadband and house broadband)
Groceries etc. ......................... 100
Clothing................................ 20
Petrol/diesel........................... 65
Road tax................................ 10
Car Insurance........................... 20.05
Car maintenance (including MOT)......... 15
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..................... 8.05
Contents insurance...................... 7.78
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25
Haircuts................................ 10
Entertainment........................... 100
Holiday................................. 0
Emergency fund.......................... 30
(Unnamed monthly expense)............... 0
Netball fees............................ 15
Total monthly expenses.................. 1719.13

Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 90300

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 71500....(408.5)....5.99
Secured Debt.................. 3000.....(95.5).....0
Total secured & HP debts...... 74500.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................425.......25........0
Total unsecured debts..........425.......25........-

Monthly Budget Summary
Total monthly income.................... 2,217.5
Expenses (including HP & secured debts). 1,719.13
Available for debt repayments........... 498.37
Monthly UNsecured debt repayments....... 25
Amount left after debt repayments....... 473.37
Personal Balance Sheet Summary
Total assets (things you own)........... 90,300
Total HP & Secured debt................. -74,500
Total Unsecured debt.................... -425
Net Assets.............................. 15,375
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Happiness6500

wish you well sure someone with know how will be along to help

Good luck

Pollycat

Hi
What exactly do you mean about 'squandering all your money'?

What do you do with the £400+ that you have left over each month?
Do you have savings?

Your credit card debt is small so, unless the interest rate really is 0%, why not pay it all off?

No water rates?

LandyAndy

Mortgage and rent?

LandyAndy

You have a £300 car and you are only budgetting £180 a year for all repairs and MOT?

LandyAndy

If you have no cash as an asset, what are you doing with the £30 per month emergency fund?

salduck

LandyAndy wrote: »

Mortgage and rent?

i own a house down in england that is rented out, I rent up north

salduck

LandyAndy wrote: »

If you have no cash as an asset, what are you doing with the £30 per month emergency fund?

I have only started this from October

salduck

LandyAndy wrote: »

You have a £300 car and you are only budgetting £180 a year for all repairs and MOT?

I have had it for 12 months and not had to spend a penny on it. it went through its MOT last month and passed no problem!

salduck

I have moved this thread to the debt free diaries as I think it would be more relevant in there as it is more of a ramble than anything else!
Thanks for all advise and questioning in the style of a policeman!!
only kidding!

I will not be updating on this board only on the debt free diaries
Thanks
Sal

LandyAndy

salduck wrote: »

i own a house down in england that is rented out, I rent up north

The 'other income' presumably. Are you declaring this to the taxman?