A struggling man.

Geespot

I have read through some of the advise and some of it is quality. Its already been a useful tool. It is also amazing to see how many people are in a similar or in some cases worse situation. Mine is quite simple.

My partner and I have had 2 children in 2 years. She was out of work for 3. In that time I have been paying everything on my own with very little help and obviously debts run up. Our dream is to buy a house of our own as soon as we can. I cant even begin to start with that until we have at least cleared some of the debts away.

We faced up to our debts some time ago and have been proactive in paying them off and keeping in contact with our creditors. I have agreed low payments with most and everybody is getting something each month.

My gripe is that I am going to be 30 soon. I have 2 kids and I dont even own my own house. And although things are under some control, I feel like I am going to be living on such a tight budget for another 10 years. We barely make it through each month as it is. I have no security for my children.

If the exhaust goes on the car I am in trouble. If the fridge breaks I have no money to replace it. I cant see how I am ever going to clear these down at all.

Sorry, but it feels good that I have found a site I can whinge on.

Cheers

Gee

**purpleprincess**

Hullo G!!! Funny name!!! In order for us peeps to help you then you need to post us a SOA (statement of affairs) not just for us to be nosy I assure you!! You'll get the best advise from the DFW experts that way.

Kevicho

**purpleprincess** wrote:

Hullo G!!! Funny name!!! In order for us peeps to help you then you need to post us a SOA (statement of affairs) not just for us to be nosy I assure you!! You'll get the best advise from the DFW experts that way.

Agree with the above (after the funny name bit ) , and yes it is good to have a whinge

What you must remember is to keep things in perspective, im only a year or two behind you and im in a similar position (although i luckily dont have kids - i say luckily because i dont want any), lots of people may "own" lots of nice things but if you dig into their finances i bet most of it is on credit and so on.

I hope this experience you are about to undertake will open your eyes to a lot of things, and enable you to give your children the start in life they deserve.

Good luck

black-saturn

With the name Geespot I'm surprised you are able to find yourself

Agreed with above, a statement of affairs is whats needed and then we can give you some pointers as to where you could cut down. Sometimes things that arnt so obvious to you are blatently obvious to us.

Geespot

Ok sorry, Here goes

Rent 595
Water 29
C Tax 94
Gas 80
Electric 25
Mobile 30
Phone 100 (Normally £5ish)
Petrol 100
School 62.50 (Sons pre scool)
Sky 36.00
Car Ins 49.77
Rachel 990 (Childminder)

If 25 Frozen int
HSBC 35 Frozen Int
BC (Kel) 20 20%
BC(Gee) 30 (Min) 12%
Cap (Kel) 25 (Min) 16%
Cap (Gee) 200 (Reuse each Month) 16%
First Direct 30 (£30 a month charge)
Mum 100
Loan Barc70 (Dont know)
Littlewoods 40 (Frozen)
Old Phone 20
Other 160 Car tax, TV Lic,


Debts £5000 HSBC
£1900 IF
£6000 Mum
£2200 Barclay Loan
£924 My Barc Card
£750 Kels Barc card
£150 Kels Cap One
£404 Kels First Direct
£1150 Littlewoods
£700 Old Phone

My salary £1250
Kel Salary £1550
Total Incoming (Average) £2800

Total Monthly Outgoings (Average) £2830.00

Total Amount of Debt (£25000) ish

nadnad

Geespot wrote:

Ok sorry, Here goes

Rent 595
Water 29
C Tax 94
Gas 80
Electric 25
Mobile 30
Phone 100 very expensive - what do you be doing?!! could cut this way down to about £30
Petrol 100
School 62.50 what does this cover?
Sky 36.00 you don't need sky - get a freeview box
Car Ins 49.77
Rachel 990 (Childminder) you are earning £260 more than the childminder - could you stay at home to mind the kids, maybe get a job in the evening or weekends - you'd prbably be better off!

If 25
HSBC 35
BC (Kel) 20
BC(Gee) 30 (Min)
Cap (Kel) 25 (Min)
Cap (Gee) 200 (Reuse each Month)
First Direct 30
Mum 100
Loan Barc70
Littlewoods 40
Old Phone 20
Other 160 Car tax, TV Lic,


Debts £5000 HSBC
£1900 IF
£6000 Mum
£2200 Barclay Loan
£924 My Barc Card
£750 Kels Barc card
£150 Kels Cap One
£404 Kels First Direct
£1150 Littlewoods
£700 Old Phone

My salary £1250
Kel Salary £1550
Total Incoming (Average) £2800

Total Monthly Outgoings (Average) £2830.00

Total Amount of Debt (£25000) ish

can you post APRs and time remining on the loans

**purpleprincess**

Quick questions, what is the "school" outgoing? How come phone is so high? You could switch to freeview instead of sky.

all_hours

Hi Geespot

Do you get child benefit and child tax credit? Is your childminder registered. If so you could get help with the childcare costs.

The gas bill looks high.

You haven't included shopping in the budget.

Geespot

Phone is so high because we are paying back a couple of months where we missed it. Its normally £45 and includes broadband.

My son is 2 and he goes to pre-school which is £62.50 per month. ANd it has been great for him.

None of the above includes food or my travelling expenses to work. I normally blag it.

Edinburghlass_2

Geespot wrote:

Phone is so high because we are paying back a couple of months where we missed it. Its normally £45 and includes broadband.

My son is 2 and he goes to pre-school which is £62.50 per month. ANd it has been great for him.

None of the above includes food or my travelling expenses to work. I normally blag it.

Hi Geespot, I'm sure the users on the Telephone Boards can get your telephones costs down to even less than £45 per month including bb so pop over there once you have got your arrears sorted and we'll see what we can do.

Good luck

lynzpower

Hi there Gee

Just to say, is this right your wife is now working? Or not?