IA's New Life Diary!

immoral_angeluk

Ellidee wrote: »

Happy New Diary Sar - I have missed you - and you deleted me from your fb - you thought 'who the hell is THAT ? ' I know :rolleyes: :rotfl:

Did I? B*gger!! Sorry I didn't mean to... I just hardly know anyone's real names I always go by usernames! :doh:

Ellidee

We do follow each other on Twitter though - I sent you that link with the satellite pic of snowed up Britain !

immoral_angeluk

Ellidee wrote: »

We do follow each other on Twitter though - I sent you that link with the satellite pic of snowed up Britain !

oooh is that you? :rotfl:

Oh dear god I'm putting myself to shame now aren't I... lol

Debt details and FS coming up shortly

Ellidee

Also a rude one of a 'drawing' in the snow in Bath ! :rotfl:

immoral_angeluk

Financial statement time!

Income (Monthly) -

£693ish Wages Net
£988 ish Tax credits (based on 4 friday month)
£132.80 Child benefit (based on 4 tuesday month)
£138 Child Maintenance

---

= £1951.80

Expenditure -
£75ish Rent until april (I get part housing benefit but it won't be proper amount until april as recently came off full housing benefit)
£61.64 Council tax (same as per rent, was on full council tax benefit, will change in April)
£12.12 Tv licence
£18.50 Mobile phone (recently upgraded, on lowest tariff)
£5.91 contents insurance
£61 gas/electric (recently changed supplier)
£23.31 water
£26 Internet, phone, line rental and calls.
£9 lottery direct debit - (more than likely going to cancel as not much point...)
£26 Car insurance
£40 School dinners (based on 4 monday month)
£48 bass lessons (based on 4 weds month)
£30 band practice (have an audition thurs so based on if I get accepted and practice every week)
£120 Petrol
£200 food
£320 nursery fees
£200 misc spending (nights out, treats, clothes, etc)

---

= £1276.48 non debt expenditure

Debt -
Egg Card - £954.03 21.9% APR Monthly payment £26.14
Barclaycard - £520.67 18.3% APR Monthly payment £11.98

Leftover +/- = £637.20 until april


As you can see at the moment I have a fair amount of surplus income because of my reduced rent/council tax. I get around about £26 housing benefit and £1 something council tax benefit. Because I've recently come off income support and full housing benefit/council tax benefit the run ons etc have come to the amounts I'm paying now until april. From April my rent and council tax is going to be roughly £203 rent and roughly £78 council tax.
Another issue I have is that my work contract at the moment only runs until April and there's no expectation that there'll be any more funding to carry on the hours I'm doing. It's awkward to explain but because Citizens Advice is a charity we are funded by outside sources for some things in funding contracts which have to be renewed etc. My contract is a one off 6 month contract ending in April with no renewal. So unless funding comes up from elsewhere the contract will end. Full stop. So, unless it looks like something will be coming up (highly unlikely), at the end of feb/march I'm going to be starting to look for another job, hopefully at another bureau. So at the moment, although it looks good on paper, it's very temporary, hence my want to get my debt sorted ASAP. It is also possible that once my divorce has gone through I could be landed with a hefty solicitors bill as I was on legal aid before when I was on income support and I'm not sure a new legal aid calculation has been done by the solicitor. I've not heard anything so could go either way at the moment!

So.. essentially I have 3 months. 3 months in which to get 1474.70 worth of debt paid off. Fairly plausible really. I have car tax due in february I think... and anyone who knows me will know that as soon as I start doing this there's usually a million and one things which crop up and get in the way... so remain pessimistic. But on paper it should be doable before my contract ends.... in theory..

Have yet to do a budget seeing as we're nearly half way through the month. Going to go for a bath then will be back with a plan

Snaggles

All looking really good, but can understand your worries about the job etc. Fingers crossed they either get more funding, or you find something more permanent.

Try not to be too pessimistic, look how far you have come from the young Mum with a shopping budget of 12p and a life of sitting at home dreaming of getting off benefits. Even a few backwards steps aren't going to stop you. If 'optimistic' feels like tempting fate, go with 'realistic' - 'It might all go to sh*t, but I will deal with it'.

immoral_angeluk

Snaggles wrote: »

All looking really good, but can understand your worries about the job etc. Fingers crossed they either get more funding, or you find something more permanent.

Try not to be too pessimistic, look how far you have come from the young Mum with a shopping budget of 12p and a life of sitting at home dreaming of getting off benefits. Even a few backwards steps aren't going to stop you. If 'optimistic' feels like tempting fate, go with 'realistic' - 'It might all go to sh*t, but I will deal with it'.

Amen to that

System

Hi Sar, :wave: good to see you. Its great that you are happy and the kids are well. Nothing to offer on the financial side of things, but I spose I never had You'll do it. I dont remember a whiteboard but I do remember a flipchart Len x

immoral_angeluk

Right... trying to work out a budget.

In Bank - £473.33
Still to come:
Wages £693
Tax credits x 3 £686.67
Child benefit x 3 £99.60
Child maintenance £138
= £2090.60

Jan Bills still to go out - £162.64
Feb bills to budget for - £318.48
School dinners x 3 £30
Bass lessons x 3 £36
Band? £26 (£10 dep then 2 x £6? no idea just yet so estimated)
Petrol £50 as have full tank at the mo.
Social £100
Nursery fees £320
Food £200 as haven't done a big shop yet this month.

= £1243.12

= £847.48 leftover.

Hmmm. That can't be right. I know I've got a fair bit leftover from December as got double wages for having missed the payroll for november.... but that can't be right? Can anyone see if I've missed something?

beanielou

Happy shiney new diary hun.
If your figures arent too far out you could clear Barclaycard & be down to one debt & be under £1000 by end of Feb.
Love the hair