any help

servalan

Hi

Seen you lot help other people wondering if you can come up with some cost cutting ideas for me here goes sorry its so long.

Incomings £1724.26

are you ready for this

outgoings

gas 23.50
elect 20.00
bt 48.50 inc broadband for second address
cahoot loan 163.27 end 2/10/09
cahoot c/c 56.66 9.8% outstanding 2909.65
talktalk 20.99 inc line rental unlimited calls & broadband1st add
talktalk 1.00 landline calls at 1st address
talktalk 14.99 at parents hopefully last month as dad taking over
egg loan 135.64 end 2/10/2009
loan 49.85 central heating i had fitted end 01/11/2019
secured loan 210.49 will b paid of when i move house
council tax 68.00
savings 60.00
virgin c/c 21.41 0% till nov out satnding 3413.33
life insurance 5.00
car insurance 34.02
kit insurance 21.05 2nd address in northern ireland
egg c/c 56.06 approx unable to log on site at the min so not very acurate
student loan 26.90
t-mobile 26.06
tv licence 10.991st address
tv licence 10 .56 2nd address
water 24.33
mortgage 256.00
Shopping 20.00
mint c/c 30.00 balance 1726.24 0% till nov

savings in
ISA 1172.03

ING direct 392.84 vegas .spending money for a friends
wedding already paid for.

thats it all my house is also for sale and with the sale i will be paying of secured loan but the house i am buying will take this payment in for the mortgage. Broadband for second address is needed as spend equal amount of time at both addresses and having it keeps me in i would be out spending in the bar without it. I have no bills at second address as work cover that also food so only pay for when i'm at home and at the min i could live of the contents of my cupboards and freezer for about 3 month so the £20 is for bread and fresh fruit and veg . would like to keep savings as like the idea of something to fall back on. christmas and birthday presents are coverd for this yr as i have put into a christmas saving fund and this is paid in full .

Anyone any ideas on saving me money

lynzpower

HI there

welcome! im ready, but first a few questions.

Is it that you live in one place and work in another property that the work pay the rent on? But you have bills for both places?

Lynz

servalan

i have my own house which i pay mortgage bills etc and then i have 2nd accomodation (in the forces) and due to my current location i don't pay accomodation food or bills eg gas elect water) hope this helps as its 2 diff addresses i need 2 tv licences unless anyone knows a way round this. but pay phone and broadband

lynzpower

Ah, I see now.

Hang on, lets have another look. Is it just you, single person, no kids or anything?

Also, do you know the APRs of the debts, you'll find this on your statements, once we know this , we can look at snowballing.

OberonSH

Can you shift your credit cards arounds and take advantage of 0% interest for a while? Every little helps. Plus if you can then balance transfer you'd have them all in the same place on 0% interest, and could then pay off the £165 you spend on your different credit cards reducing the balance rather than just paying the interest off.

lynzpower

Hi there,
What im wondering, is why are the bills so high in the address your not living in? I could think that if you are not there, could you get an evening dial up package, say? and the bills should be less too, could you get even a key or prepayment meter for the short time you are there? this could save you quite a bit of money Id have tohught... any way, lets see what else

gas 23.50 AS ABOVE
elect 20.00 AS ABOVE
bt 48.50 inc broadband for second address ( this is quite high. You could drop down to bt landline & something like tesco, or madasafish both under 14 quid.
cahoot loan 163.27 end 2/10/09 ( apr?)
cahoot c/c 56.66 9.8% outstanding 2909.65
talktalk 20.99 inc line rental unlimited calls & broadband1st add
talktalk 1.00 landline calls at 1st address ( again could you have this same in both addresses? )
talktalk 14.99 at parents hopefully last month as dad taking over ( ok, so thats 14.99 extra coming to you
egg loan 135.64 end 2/10/2009 ( apr?)
loan 49.85 central heating i had fitted end 01/11/2019 ( can you overpay this, whats the apr, I bet this ones quite high)
secured loan 210.49 will b paid of when i move house ( are you seling the house you arnt living in then? And staying in NI?, so as soon as the house sells, you wont need to pay this...? Is that right?)
council tax 68.00 ( on the house your seling?)
savings 60.00 (whats this for?)
virgin c/c 21.41 0% till nov out satnding 3413.33
life insurance 5.00
car insurance 34.02 ( have you checked to see if this is the cheapest?)
kit insurance 21.05 2nd address in northern ireland
egg c/c 56.06 approx unable to log on site at the min so not very acurate
student loan 26.90 ( how long left?)
t-mobile 26.06 ( payg? you have 2 phone packages, so could this go?)
tv licence 10.991st address
tv licence 10 .56 2nd address ( one of these will go when the house is sold too?)
water 24.33
mortgage 256.00
Shopping 20.00
mint c/c 30.00 balance 1726.24 0% till nov


Just a few

servalan

yes i am single with no kids. no when i sell my house will still have most of the above as buyng something bigger just lookign for ways of cutting back as would like more savings for a rainy day the loan for 49.85 is very high so could look at geting a cheaper one british gas rip of merchants. been looking at uswitch for cheaper providers can 't go on a prepay as still have freezer stuff so would be worried about it running out when i'm not thier

lynzpower

ok so have i got this right you are living abroad, and selling the house you have & buying something bigger? Is that right?

servalan

Also is it worth having savings when still having credit? or should i put this to paying some debt of. i'm overseas for approx another 12 month tried the renting the property out but had a bad experience yes buying a bigger property all as an investment for when i leave and get a real job. the £60 saving is just to give me a back up. need my vagas savings to get to £500 but don't plan on spending all that just a saftey net

lynzpower

Servalan,

IM jsut thinking this through. If you are buying a bigger place is it going to be more expensive? WHy are you doing this if you are not living in it. Surely it would make more sense to just save the money instead of paying out for a mortage & bills for a house you wont be living in for over a year?

Sorry i jsut dont get this

HAve i got the wrong end of the stick here?

sry

I think you should check with the TV licensing people, I don't think you need to have 2 licences to cover you for the 2 properties if there is only yourself to watch the TV.

I'm sure someone will let you know if I'm wrong.