Bleakhouse's SOA.......

Bleakhouse

As suggested here is the whole sorry affair.....
Monthly Incomings:

My salary approx £3,500 - £4,500
Benefits - £120 (family allowance)

Total – approx £3,620 - £4,620

Monthly Outgoings:

Mortgage/Rent - £1090
Council Tax - £134
Gas - £50
Electric - £65
TV License - £10.99
Sky £45.99
Phone - £50.00
Food - £300
Car Insurance - £42.00
Petrol - £100
Life Insurance £40.00
DEBT:
egg card £13,000 – min £250
RBS platinum £10,000 - £225,00 interest per month 1.456%
Morgan Stanley cc £9,546.53 - £300 interest 1.597%
RBS cc £281.61 min £6.00 1.385%
Store card £2,364.81 min £118.00 monthly interest 1.211% APR 15.5%
Tesco cc £6,587.09 min £200 monthly interest 1.313%
Accountant bill for £900
Taxman £17,000
Overdraft £11,000

newmoneysaver_2

hi Bleakhouse,

welldone for posting your sao. I have just had a quick snoop (i'm at work tho so keep flicking between screens!) heres my thoughts

Bleakhouse wrote:

As suggested here is the whole sorry affair.....
Monthly Incomings:

My salary approx £3,500 - £4,500
Benefits - £120 (family allowance)

Total – approx £3,620 - £4,620

Monthly Outgoings:

Mortgage/Rent - £1090
Council Tax - £134
Gas - £50
Electric - £65 (both gas & elec seem high, are you paying arrears? can these be reduced?)
TV License - £10.99
Sky £45.99 (Can you really afford to keep this?)
Phone - £50.00 (this is way to high, can mobiles go on PAYG, any way of reducing packages etc?)
Food - £300 (How many is this for? Have a look at moneysaving old style boared - loads of tips there to help get this reduced)
Car Insurance - £42.00 (is this the cheapest you can get? Do you need to be saving towards tax/MOT/service/Maintenance?)
Petrol - £100 (Can this be reduced?)
Life Insurance £40.00 (This seems high, can this be reduced?)

Do you have any house insurances?

What are the credit limits on your cards? Can you move any balance around to 0% or low life of balance cards?

DEBT:
egg card £13,000 – min £250
RBS platinum £10,000 - £225,00 interest per month 1.456%
Morgan Stanley cc £9,546.53 - £300 interest 1.597%
RBS cc £281.61 min £6.00 1.385%
Store card £2,364.81 min £118.00 monthly interest 1.211% APR 15.5%
Tesco cc £6,587.09 min £200 monthly interest 1.313%
Accountant bill for £900
Taxman £17,000
Overdraft £11,000

Please don't be put off by the amount of questions. You have made the first step to becoming debt free - Well Done :T

Floss

Did you put the school fees in?! Lower rate with date when it goes back to regular amount