Lightbulb moment

Sallys_Savings

oops that should be tawnyowls (apologies...I was thinking of my old girl guide leader )and didnt notice the "S".

tawnyowls

Sallys_Savings wrote:

oops that should be tawnyowls (apologies...I was thinking of my old girl guide leader )and didnt notice the "S".

Oh, I'll forgive you! I wanted to be singular, but it was already spoken for, so I had to become more than one:D

kevin_M

ok my SOA is as follows
ok my and my lass have an arangement with bills so im only posting what i pay


Pay £1100-1400
working tax credit £60


rent £207
Tax £88
Mobile £40 (ish)
Contact lenses £15
internet £35
Bike insurance £30
Petrol/travel £40
bike tax £1.25 (£15) a year
car loan £140
Bank loan £170
Personal Loan £60
HP £40
Food bills £50

total out £916.25


my plans are to reduce internet in the comming months still need an unlimited package.
Mobile phone is in contract so nothing i can realy do with that atm
Contact lenses are staying no matter what

i plan in the folowing months to clear off the personal loan. and hopefully the hp.

with the carloan and personal i was thinking about saving up a few grand then getting settlement amounts on both and getting a personal loan to cover both. i can prob get a better intrest rate.

kevin_M

ok just thought i would sit down and work out Whats outstanding

creditcard £0.0 bal
Car Loan £7165
Bank loan £6492
Personal loan £365
HP £1500 est


Total left to pay

£15522

cmc_entertainment

nice one!

we [me & wife] have found it really useful to make a spreadsheet of what is going out and what wages i have coming in to make sure taht we have enough - most times we have to save the dosh a week or so before hand.

have you tried here?

robnye

a couple of things

internet..... shop around - you can get this cheaper for unlimited as well
mobile ..... switch to Pay as you go
Food....... my weekly bill is £150 for 5.... there are plenty on here who feed 3 for £50..... do the cupboard thingy.... ie check what you have got and use it up.
contact lenses - are these daily...... could you not wear glasses twice a week? thereby making the monthly amoutn of lenses last longer.... if they are longer usage then ignore this

you havent included anything for birthdays, holidays, property/vehicle maintenance
nor have you included anything for socialising

kevin_M

robnye wrote:

a couple of things

internet..... shop around - you can get this cheaper for unlimited as well
mobile ..... switch to Pay as you go
Food....... my weekly bill is £150 for 5.... there are plenty on here who feed 3 for £50..... do the cupboard thingy.... ie check what you have got and use it up.
contact lenses - are these daily...... could you not wear glasses twice a week? thereby making the monthly amoutn of lenses last longer.... if they are longer usage then ignore this

you havent included anything for birthdays, holidays, property/vehicle maintenance
nor have you included anything for socialising

yea internet im changing to a cheaper provider.
mobile i cannot yet as im tied into a contract
contract lenses are 24/7 so only change em once a month
food im spending like 50-80 tops a month for a family of 3
socialising whats that... mabie once i have met my goals
holiday not this year . motorbike needs nothing done till next year. Birthdays/xmas GF deals with. apart from her pressy.

thanks for the advice...

my main goal atm is to clear off the 2 smallest debts once them are gone im going to get a settlement amount for me bike loan

kevin_M

Right just a small update

Today i payed my rent up to date. and well got a summons for non-payment of council tax. the best part is im 1 month behind. so because of being £88 behind i just got £28 of charges. so just droped a chq around for last months this months and the £28 charges..

Atlest its one less thing on my mind

i have found loads of statements for my bank acc and found £300 of bank charges over the last few year (knew the bank acc was only gonna be a few charges).
have applyed for my CC statements know that is going to be around £1500 of charges

But all in all i consider this a good month. i never used my overdraft or CC

My plan is to once i get the money off the bank hopefully settle the motorbike off using this money + CC. So atlest i can pay more off each month rarther than the same payment. plus the APR is less on the credit card.


OK so not such a small update afterall

kevin_M

Just a thank you for going over my SOA found a few little savings
WAS £916.25 Now £906.25 £10 a month saving so far
mobile is £5 cheaper droped phone insurance
broadband is £5 cheaper

doing crazy overtime this month so next months pay should have enuff to clear off the personal loan and take my outgoings down to

£846.25 a month

my goal atm is to try and get around £800 outgoing and a few quid saved so when my bank charges come back i can clear my motorbike

SKIPPY

I know you are tied into a contract atm but some mobile phone shops will pay to get you out of the contract but you will have to take on another contract with them - a lot cheaper one of course. Phones 4U are quite good at handing out cash for this purpose!!!!!