Quacking away!

LandyAndy

salduck wrote: »

I have only started this from October

Don't. Use it to pay off your debt.

LandyAndy

salduck wrote: »

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!

Even so, brakes and tyres are wearing out all the time and an old car can turn expensive quite suddenly.

I would be budgetting £50 a month.

It would appear that either you aren't in any money difficiluties or there are large chunks of expenditure currently missing from your SoA.

LandyAndy

salduck wrote: »

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

:rotfl::rotfl:

I don't do cuddles on here.:p

I do like to ask simple direct questions.

Numpty_Monkey

salduck wrote: »

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)remove from outgongs or add to income
TV Licence.............................. 16 should be £12
Satellite/Cable TV...................... 0
Internet Services....................... 30( work pays for this mobile broadband and house broadband)remove from outgongs or add to income
Groceries etc. ......................... 100 Budget more £140
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 spending diary needed
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.

Hi :hello:
Ive left a few coments
You really need to keep a spending diary, findout where that extra money is going

LandyAndy does make some valid points
In he's blunt style

Pollycat

Pollycat wrote: »

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?

I'll say/ask this again.

LandyAndy wrote: »

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

Interesting question, LandyAndy.

LandyAndy wrote: »

It would appear that either you aren't in any money difficiluties or there are large chunks of expenditure currently missing from your SoA.

I agree with this.

salduck

As stated I have moved to the debt free diaries but in my defence YES i declare all my earnings and have done for the past 4 years! so there!!
Thanks for all comments and i am keeoing a spending diary on the debt free diary board! And Pollycat-Our water rates in Scotland are included in our council tax. Ok thats all folks !
Thanks
Sal

Pollycat

Pollycat wrote: »

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?

I'll say/ask this again again. :rolleyes:

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?

LandyAndy

Pollycat wrote: »

I'll say/ask this again again. :rolleyes:

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?

It's a good question but we won't get it answered here:o.

I pretty much abandoned posting here some time ago because of the prevalance of 'diary' type threads so I made a decision not to go there when they were split off.

I understand why it was done but it's not for me and so any expertise I may have (£75k debt paid off in 5 years) is lost to that forum.

I also understand that my style of actually questioning posters isn't always seen as welcome here.

Best wishes to salduck.