mt SOA little advice needed x

coookiewoookie

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1204
Other income............................ 0
Total monthly income.................... 1204

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 48.00 ( water rates & old arrears )
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 80 - pre payment no debt failed credit check
Gas..................................... 80 for them to be removed
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 50 sky inc bb and phone
Mobile phone............................ 25.00 in contract for 18mth
TV Licence.............................. 36.50 (paying off 1st yr over 6mths)
Satellite/Cable TV...................... 0
Internet Services.......................
Groceries etc. ......................... 380 1 adult 4 children ( 2 in nappies )
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 35 (bus user)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15.00
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80
Haircuts................................ 20
Entertainment........................... 30
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 919.50

Debt
next............. owe £720... currently on plan £5 per month no interest charged
Halifax.....................£ 1700 -- not currently payin gone 2 wescott
Halifax cc.................£1200 -- not currently paying gone 2 wescott
Barclays credit card........owe £2000........... £15.00 per month interest frozen

total debt £5620






Monthly Budget Summary
Total monthly income.................... 1204
Expenses (including HP & secured debts). 939.50
Available for debt repayments........... 264.50
Monthly UNsecured debt repayments.......
Amount left after debt repayments.......

Ive tryed the best i can .......

264.50 left over is a bit off i think as i never have anymoney!!!

help!

computershack

Don't need Sky etc. For £25 a month mobile phone, you should be getting around 400 X network minutes, free landline calls and around 500MB mobile internet...

firestronaut

Sorry, i'm not going to be much help, but i know EXACTLY what you mean about the bit left over. Mine's approx the same, but I never see it.

I suggest looking at your bank statements. I found approx £100 of that money. Seems I spend all day every day shopping in Asda :rotfl:

coookiewoookie

My contract is 600 anytime mins , 1200 text and unlimted internet #

I took out sky bundle phone tv and bb for the kids to have disney channels i live on my own and im scared without a landline or if my mobile is outta signal emrgs etc

coookiewoookie

I looked at my bank statements ........erm matalan, wilkos...asda! eekk

iamana1ias

Your kids don't need the disney channel. Doesn't freeview have cbeebies?

£80 per month on presents? That's almost £1k per year!!

TV licence is too high. It's about £24 per month when paid over 6 months.

coookiewoookie

tv license is right because it was due in october but only just started paying now i have to make 4 payment then it drops right down you can choose now different options i did mine online maybe its changed since u got one ;-)........

80 per month is about right I have 4 birthdays (my children( and xmas to buy for and i try to spread the cost yearly ;-) plus getting little small gifts for the children to give thier nannys/bampys and aunty/uncels only something like a small smellie set

Poosmate

Hi Cookie and congrats on posting and well done on getting your interest frozen too!

Have you approached one of the free debt management companies yet like CCCS, Payplan and another one I can't remember the name of! (Sorry).

They will take over all your payments to your creditors and keep the wolves from your door.

Do you really need to put £80 per month away for birthday/Christmas pressies?

Also, could you change to real terry nappies rather than the disposable ones? The initial outlay may be expensive but it would save you loads in the longrun.

Also you could start a spending diary to help you find where your leftover money is going - you'd be surprised how the odd choccie bar and packet of crisps mount up. Remember, look after the pennies and the pounds will look after themselves! You don't realise how that saying works until you actually tot up how much 50p here and 45p there costs (= pounds)! I know I've done it!


Sorry I can't be any more help.

Good luck

Poo

coookiewoookie

oh no i correct myself I NEED disney channel keeps my sanity and allows me to cook the tea and housework my oldest wuddnt entertain the thought of watching a ''babies' channel so she informs me ...

Poosmate

Your babies do not need to be buying presents (by proxy) for their aunts and uncles. Well certainly not whilst you are struggling to pay your debts.

Is there any way you can get any help from the childrens father?

Poo

iamana1ias

coookiewoookie wrote: »

tv license is right because it was due in october but only just started paying now i have to make 4 payment then it drops right down you can choose now different options i did mine online maybe its changed since u got one ;-)........

That makes sense

coookiewoookie wrote: »

80 per month is about right I have 4 birthdays (my children( and xmas to buy for and i try to spread the cost yearly ;-) plus getting little small gifts for the children to give thier nannys/bampys and aunty/uncels only something like a small smellie set

Utter madness. I'd have thought £40 per month would be more than adequate. That still gives you £480 per year to spend (which at £100 per child and £80 for everything else is still way over the top).

Oh, and you haven't put any child support in your SOA