hello newbie so be gentle

meganstaff

Hi all,
Im sitting here with a pile of bills etc around me, but help I dont know where to start. Ive got to fill in a financial breakdown form for CAB meeting next tues and just looking at the pile. What do I do first, help please, just dont know where to begin.
thanks
meganstaff

Holes_in_my_pocket

i am medical retired and a company will try its hardest not to to give you a pension , but i rather i didnt get mine as it reduces housing benefit and stops me getting other benefits i would be £70 aweek better off without my pension a crazy world we live in .

No one including you has a problem tso big hat cant be sorted.

tigerfeet2006

Megan start by trying to fill something like this in

http://www.makesenseofcards.com/soacalc.html

It will focus your mind on what you are paying out in essential bills and who your creditors are and how much you owe. Print it out for the CAB and file the lastest creditor letters in a file to take with you.

As you previous BR was 10 years ago the OR will not be interested in it.

As Max says give ACAS or your union a ring about your pension.

meganstaff

thanks tiger, thats most helpful, i finally sat down and did a sort of spread sheet with acc details, owin etc. I will now try and transefer those onto the link you gave see how i go. now i have to hunt the rest of the house to see if ive left anything off i shouldnt have. my heads banging already and ive just started, probably have a good cry when i see the totals.
thanks again
meg

tigerfeet2006

Sending you some cyber hugs :grouphug: (and yes I know they look dodgy but I am only being friendly, honest)

Take a break from it for half an hour or so. Take something for the head and go and have a walk.

meganstaff

Hi again,
I was wondering if this looks right to anyone, I have to take it to CAB meeting next tuesday. Any advice would be great, never thought id get this far today, im absolutley exhausted now.
thanks
meg

Household Information[/b]
Number of adults in household........... 2 (18yr old son on JSA)
Number of children in household......... 1 (15 yr old daughter)
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 342.98
Partners monthly income after tax....... 0
Benefits................................ 894.31
Other income............................ 0
Total monthly income.................... 1237.29
Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 290.33
Management charge (leasehold property).. 0
Council tax............................. 52
Electricity............................. 60
Gas..................................... 0
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 42
Mobile phone............................ 0
TV Licence.............................. 9
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 350
Clothing................................ 80
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 18
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
coal.................................... 60
Total monthly expenses.................. 1204.33
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 200
Other assets............................ 0
Total Assets............................ 200

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
council tax....................972.32....0.........0
rent arrears council ..........999.69....0.........0
bpo............................272.79....0.........0
welcome finance................3691.19...0.........0
studio cards...................320.......0.........0
capital one....................1035.83...0.........0
o2.............................450.19....0.........0
shopacheck.....................386.93....0.........0
provident......................1336.97...0.........0
first revenue..................28.86.....0.........0
vanquis........................353.08....0.........0
reliable clooections...........294.68....0.........0
welsh water....................180.25....0.........0
westcot........................349.5.....0.........0
iqor tv lic....................47.5......0.........0
eversheds......................432.......0.........0
Total unsecured debts..........11151.78..0.........

Monthly Budget Summary
Total monthly income.................... 1,237.29
Expenses (including HP & secured debts). 1,204.33
Available for debt repayments........... 32.96
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 32.96
Personal Balance Sheet Summary
Total assets (things you own)........... 200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -11,151.78
Net Assets.............................. -10,951.78

meganstaff

Hi all,
I know your all busy, but could someone please take a look at my SOA on my post to see if im on the right track, it needs a bit of tweaking yet, but just need to see if im doing it right.
thanks in advance
meg

tigerfeet2006

Megan I have to go and deal the kids now but at a quick glance it looks ok. I will look properly tonight asfter they've gone to bed.

Try and have a break for now.

meganstaff

thank you hun

confused76

hiya hun hope you're doing ok, sounds like you've got a lot on your plate
don't forget we're here to help
i'm so sorry to hear about your son..can't imagine how difficult life is at the moment,
you're doing the right thing by addressing your finances
don't let work push you into going back if you're not ready. deal with them in writing and i'm sure you've got doctors backup anyway
as far as your SOA goes it's pretty much spot on. do you not pay gas? what about prescriptions/dentists etc? tigerfeet is the expert, she'll be back later by looks of things, just wanted to say hi and send you (((hugs)))
the first part of looking at your finances is the hardest, especially if you have buried your head in the sand (my speciality) but it gets easier, honest
good luck with your CAB meeting, they'll be helpful i'm sure.
all the best xxx