In a mess need help!

milliemonster

Michelle, is it possible to look at an average of what your husband has earned over the last say 4 months (unless there is seasonal variation to his income?) and use that as a baseline on the SOA

jennyo

Hi Michelle and welcome, my husband and I are both self employed and I know how daunting it can be not knowing whe the next money is coming in, could you use last years account to work out an average, or have things gone down from then.

Dinah93

If you don't know his average income put down the lowest it can be in a month. Your budget needs to balance every month, not just the months he has high income. If you have more outgoings than incomings some months then of course you're going to get into debt.

euronorris

DVardysShadow wrote: »

You don't have to do it now. Leave it till after Easter. I'll think up another excuse for you after Easter.

I don't see the value in this comment.

The OP WAS putting things off before, but is NOW here and looking for help in resolving the financial issues.

firestronaut

DVardysShadow wrote: »

You don't have to do it now. Leave it till after Easter. I'll think up another excuse for you after Easter.

Leave her alone.
She has come here for help and support, not judgement and nasty comments.
There's a big hyperlinked message at the top of the forum from Martin, in case you missed it.
Suggest you read his post http://forums.moneysavingexpert.com/announcement.html?f=76 before commenting.



Michelle, post a SOA, I'm sure we can help you.

savingmummy

Good luck with everything and well done for seeking help!
It would help you to do a SOA and see exactly what is what x

gfplux

hello michelle74,
[FONT=Arial, sans-serif]Debt normally comes by spending MORE than you EARN. That is you are living a lifestyle you can not afford. We all know that, but sometimes we can not see the wood for the trees. If you want to get out of debt you have to change that habit today.[/FONT]
[FONT=Arial, sans-serif]Make out your SOA and post it here. (link - http://www.makesenseofcards.com/soacalc.html ) This will automatically total the numbers. It can be saved (click on the help) and you can change it every day if you want. [/FONT]
[FONT=Arial, sans-serif]Also read this great post by southernscouser http://forums.moneysavingexpert.com/showthread.html?t=107280[/FONT]
[FONT=Arial, sans-serif]When making out your SOA (Statement Of Affairs) try not to guess at the figures, dig out the paperwork! However remember a partial completed one as a first step is better than none. [/FONT]
[FONT=Arial, sans-serif]It is in fact one of the most IMPORTANT things you will ever do to start on the road to recovery. [/FONT]
[FONT=Arial, sans-serif]If you want a lot of help on this forum, posting your SOA is the first and most important step. After it is done it is very easy to keep it up to date. [/FONT]
[FONT=Arial, sans-serif]In my opinion everyone should have an up to date SOA even if you have little or no debt. It is a great tool to manage your life with.[/FONT]
[FONT=Arial, sans-serif]If you post it on the forum answer the obvious questions before they are asked so you get immediate feedback, such as (not all will apply to you:-[/FONT]
[FONT=Arial, sans-serif]If there is “other” Income explain what it is[/FONT]
[FONT=Arial, sans-serif]Mortgage – interest only or not.[/FONT]
[FONT=Arial, sans-serif]What is the age of any children.[/FONT]
[FONT=Arial, sans-serif]Council tax is it over 10 or 12 months.[/FONT]
[FONT=Arial, sans-serif]Electricity and gas any arrears.[/FONT]
[FONT=Arial, sans-serif]Water rates meter yes or no.[/FONT]
[FONT=Arial, sans-serif]Grocery's does this include gambling, booze and cigarettes.[/FONT]
[FONT=Arial, sans-serif]Mobiles, how many and when are the contracts up for renewal.[/FONT]
[FONT=Arial, sans-serif]If no contents insurance is it include with buildings insurance.[/FONT]
[FONT=Arial, sans-serif]If pets cost money, what are they.[/FONT]
[FONT=Arial, sans-serif]House or flat value, has it been valued by an Estate Agent and when.[/FONT]
[FONT=Arial, sans-serif]The more that can explain about the financial figures and circumstances the quicker the post will get advise rather than lots of questions.[/FONT]
[FONT=Arial, sans-serif]When you have posted it and it does not look right or you want to change it, do so and repost it.[/FONT]


[FONT=Arial, sans-serif]Do not put off till tomorrow what can be done today, if you are serious. Good Luck[/FONT]

michelle74

Thank you I will gather all the information and fill in the forms, where do they get posted too? sorry as I am not a huge user (yet) I am not sure where this information will go and what will happen to it.

Thanks again for all your help

Michelle

daniel_owen_uk

It's fairly simple, you fill it in, click format for MSE, then post it back here

It looks all neat and tidy and lets everyone look at where "you are going wrong" and money can be saved.

Tixy

Michelle - The only extra thing you'll need to do (above what Daniel mentioned above) is you'll need to remove the website address that will appear right at the bottom of the post as you won't be allowed to post links yet.

Don't worry about people seeing your information as nobody from the 'real world' will be able to identify you and we all do them on here, its the way we help each other best.