Sallyx's Sink or Swim, Swimerdy Swim Diary ;)

sallyx

Well I thought today I should start getting my finances in order....so I have taken off extra download from our talktalk saving me £4 a month...phoned eon and reduced our dd as after winter was £49 in credit so obviously paying too much so have reduced it by £12 per month for now (although it will probably half not having OH here)

tomorrow I shall go and see housing benefit people, actually I can probably fill in forms online and get it changed into my name, then I suppose I better phone CTC/WTC people, not that I think that will change?

hypno06

don't forget council tax - reduction for single person, if you don't already have a reduced rate.

sallyx

ooo yes, must do that thanks

Shoe_Gal

Sounds like you're getting sorted. Sometimes it's good to do practical stuff until you are ready to deal with the emotional stuff

Have you told B what's happening yet?

BILLIE

Sally - I have just read your thread having caught on all this on the Daily Chat Thread. You are really going through the mill but you have been strong and are over perhaps the hard part. The realisation that it is over takes some coming to terms with, but you have done that WELL DONE. Can I just ask has OH started at the new job? thinking of you and am more than happy for you to PM me if you would rather. Lucky Bea has a wonderfully happy mummy! People used to say to me that my boys would realise in the end that exOH was evil and how rough a time I had with him - never believed they would and the times they told me what wonderful things that evilOH did with them, was like a knife, but now it is a very different story. they are fully aware of who has stood by them and helped them and paid for everything and my new OH is more like a dad than their real dad. Keep plodding you are doing fine. Billie xxxx:A

sallyx

Not much to report after yesterdays shananigans! OH seems to be sorted, leaves on Sunday and stays in B&B then is going to my sister for couple of nights. He will look for room/place on Monday/tuesday. Mum/Im lending him £1000 to be paidback over next 3 months so there is no excuse about not being able to get a place. I can relax a bit and just get things sorted this end. Need to do a new SOA but until I know exactly what benefits I shall get Ive no idea really


This is SOA as it stands with a few adjustments to Elec/Broadband already.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 430
Partners monthly income after tax....... 0
Benefits................................ 1016.2
Other income............................ 150
Total monthly income.................... 1596.2
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 600
Management charge (leasehold property).. 0
Council tax............................. 134.73
Electricity............................. 40
Gas..................................... 20
Oil..................................... 0
Water rates............................. 34.5
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 120
Clothing................................ 20
Petrol/diesel........................... 80
Road tax................................ 13.75
Car Insurance........................... 28
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12.75
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 25
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1250.85

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 2500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC Overdraft.................1500......60........0
Total unsecured debts..........1500......60........-

Monthly Budget Summary
Total monthly income.................... 1,596.2
Expenses (including HP & secured debts). 1,250.85
Available for debt repayments........... 345.35
Monthly UNsecured debt repayments....... 60
Amount left after debt repayments....... 285.35
Personal Balance Sheet Summary
Total assets (things you own)........... 2,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -1,500
Net Assets.............................. 1,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

beanielou

Yah~You have a net asset

Your council tax will go down by 25% if its not already showing less the 25% and you have money left over too:j

sallyx

Im sure something isn't quite right there. Ive based it on the fact that OH willpay me £150 maintenance...that might not be quite right. Ive also taken the fact that he will pay his part of the remaining debt of £2000 and I willpay £1500 as I am not earning as much. Haven't lowered Council tax yet as Im sure it will all change when Housing benefit etc is adjusted. Might not have anything left over tbh...would be novel though hey!

sallyx

And if I don't pay off the remaining debt with my egg money then I shall up the payments to try and pay it off by the end of the year

pepe2008

Hello Sally, thought I'd drop by and wish you luck.

Looking at the Budget, it should all work out....particularly as you are so used to doing it all yourself anyway!

Btw, it may be wise to sort out some Life Assurance on yourself now. It may seem unneccessary but think about it. You can get Term Assurance extremely cheaply if you have a look around.

Pepe X