hello

mum2many

ok I am facing up to how in debt we are and you all sound friendly.

I am married and we both work, DH has the better job financially. No matter how much we earn we never have enough to last the month.we have 4 kids too.

per month we bring in aprrox.£2700
we owe aprrox £150,000

£116,000 on the mortgage
£12,000 from the motgage reserve
£1,500 barclay card
£3,500 A&L card
£15,000 secured loan (bought a car and caravan)
£250 overdraft

we have a catalogue account too which we owe around £350.
we have a bill account that we pay £1950 into every month.
we often get payment charges and bank charges too:o


We have a bad credit history so cant switch cards

I have found a site to get budget meal recipes(not sure if i can give the link) to reduce shopping bill

help

em x

spud30

Hi Mum (OMG not said that in such a long time)

Welcome to the DFW and congrats on your first post.

You're right, everyone here is really nice.

If you post your statement of affairs (SOA) some of the experts will have a look and help where they can.

lynzpower

Hi there MUmtomany!!

Welcome to our gang :wave:

It sounds like you guys have it tough over there. If you wanted, you could pop up an SOA (read southern scourses first time posters sticky thread) and we can see what savings we can find for you if you like??

Anyway, big welcome!!
Lynz
x

Broken_hearted

Hi and welcome

CosmoCat

hello, hello, helloooooo!! welcome, hope you enjoy your time here with us. we're really friendly

looking forward to having a look at your SOA!

mum2many

ok my SOA

loan-£34.02
tv licence-£10.99
council tax-£113
gas-£57
barclaycard-£50
bt phone-£12.50
caravan insurance-£26.45
mobile phone-£18.00
electric-£52
mortgage cover-47.60
water-£46.91
magazine-£6.63 think this is quarterly
car loan-£288
car insurance-£36.57
mortgage-£711
internet-£26.98
insurance-£29.57
sky-£60
mbna-£120
mobile-£25
littlewoods-£71
car insurance-£40.35
mobile-£35
dishwasher insurance-£7
gym-£21.95
the above are direct debits

also

daughters bus £25 a month
swimming with kids £28 a month
petrol £100 a month
shopping £400+ a month

cant think of anything else yet

thanks for the nice welcome messages

em x

lynzpower

Ok let me lookie see here


loan-£34.02 ( APR?)
tv licence-£10.99
council tax-£113
gas-£57 ( this is high, check out https://www.saveenergy.co.uk for tips, also are you on the cheapest supplier!!)
barclaycard-£50 ( APR? )
bt phone-£12.50 ( line rental only is it?)
caravan insurance-£26.45 ( is this the cheapest?)
mobile phone-£18.00 ( when does your contract run out)
electric-£52 ( again v high!!)
mortgage cover-47.60 ( is this the cheapest?)
water-£46.91 ( :eek: is that with a meter)
magazine-£6.63 think this is quarterly ( what is this? Cancel it, sounds as if you dont NEED it)
car loan-£288 (apr)
car insurance-£36.57 ( again is this the cheapest?)
mortgage-£711 ( interest only or repayment)
internet-£26.98 ( you can get tesco value BB for 14.97 plus CC points, saving 12 a month)
insurance-£29.57 ( whats this for?)
sky-£60 (dump this you cant afford it)
mbna-£120 (APR?)
mobile-£25 ( again, too high, could you go PAYG? or drop the contract down)
littlewoods-£71 ( APR I bet is crazy on this one)0
car insurance-£40.35 ( you have 2 cars, is this really the cheapest insurance)
mobile-£35 ( another mobile :eek: get rid)
dishwasher insurance-£ 7 - again you dont need this,
gym-£21.95 (Cancel this if you dont go, or use council facuilities often cheaper
the above are direct debits

also

daughters bus £25 a month
swimming with kids £28 a month ( 50 quid on swimming is a lot)
petrol £100 a month
shopping £400+ a month ( thats over 100 a week, pop over to OS board, I bet you can halve this with a bit of effort!!)

So theres my first thoughts PLenty to cut back on there!!

Lynz
xxxxxxxxx

mum2many

lynzpower wrote:

Ok let me lookie see here


loan-£34.02 ( APR?) not sure
tv licence-£10.99
council tax-£113
gas-£57 ( this is high, check out https://www.saveenergy.co.uk for tips, also are you on the cheapest supplier!!) think this is the cheapest for us
barclaycard-£50 ( APR? )
bt phone-£12.50 ( line rental only is it?) option 1?make very few calls
caravan insurance-£26.45 ( is this the cheapest?) yes very few caravan insurance to choose from
mobile phone-£18.00 ( when does your contract run out) july, its daughters will change to payg
electric-£52 ( again v high!!) think this is the cheapest for us
mortgage cover-47.60 ( is this the cheapest?) not sure took out with mortgage
water-£46.91 ( :eek: is that with a meter) no, so glad we are not on a meter
magazine-£6.63 think this is quarterly ( what is this? Cancel it, sounds as if you dont NEED it) hubbies mag.will cancel
car loan-£288 (apr) not sure
car insurance-£36.57 ( again is this the cheapest?) yes, with tesco
mortgage-£711 ( interest only or repayment) repayment
internet-£26.98 ( you can get tesco value BB for 14.97 plus CC points, saving 12 a month) thinking of changing to talk talk?
insurance-£29.57 ( whats this for?) took out with mortgage, think life insurance
sky-£60 (dump this you cant afford it) got to talk hubby into getting rid or trying to reduce package
mbna-£120 (APR?) dont know
mobile-£25 ( again, too high, could you go PAYG? or drop the contract down) hubby needs for work
littlewoods-£71 ( APR I bet is crazy on this one)the catalogue not a card
car insurance-£40.35 ( you have 2 cars, is this really the cheapest insurance) we couldnt get cheaper as its an import and most wont touch
mobile-£35 ( another mobile :eek: get rid)mine and will change to payg when contract ends
dishwasher insurance-£ 7 - again you dont need this,
gym-£21.95 (Cancel this if you dont go, or use council facuilities often cheaper.i do use this and its cheaper than the council round here
the above are direct debits

also

daughters bus £25 a month
swimming with kids £28 a month ( 50 quid on swimming is a lot)only go once a week at £7 at time for 6 of us
petrol £100 a month, going to walk more but need for school run in morning
shopping £400+ a month ( thats over 100 a week, pop over to OS board, I bet you can halve this with a bit of effort!!)trying to reduce it but find it difficult with 6 to feed

So theres my first thoughts PLenty to cut back on there!!

Lynz
xxxxxxxxx

thanks Lynz