I Need Help

ShaunJUK

I have been a member of these forums for years now and finally admit.

I need help.

I was paid on Friday and have £24 in my account to last the month, I thought I had just started a reasonably well paid job but I just cant make ends meet.

To top it off I have today discovered my two front tyres on my car are illegal and before anyone suggests living without it I need it to get to work every day.

What do I do?

jojitsui

Hiya. Scarey isn't it.

I wouldn't worry to much about it there are some amazing people on here who will be able to help you.

It might be an idea to post a SOA on here so people can see your income and outgoings and advise you on the best course of action

Take care Jo x

ShaunJUK

Is this right? Never done one before

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1028
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 119
Total monthly income.................... 1147
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 425
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 10
Mobile phone............................ 60
TV Licence.............................. 24
Satellite/Cable TV...................... 10
Internet Services....................... 10
Groceries etc. ......................... 30
Clothing................................ 10
Petrol/diesel........................... 200
Road tax................................ 12
Car Insurance........................... 45
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1101

Assets
Cash.................................... 24
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 200
Other assets............................ 0
Total Assets............................ 224

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................1393......56........0
Total unsecured debts..........1393......56........-

Monthly Budget Summary
Total monthly income.................... 1,147
Expenses (including HP & secured debts). 1,101
Available for debt repayments........... 46
Monthly UNsecured debt repayments....... 56
Amount short for making debt repayments. -10
Personal Balance Sheet Summary
Total assets (things you own)........... 224
Total HP & Secured debt................. -0
Total Unsecured debt.................... -1,393
Net Assets.............................. -1,169
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

savingmummy

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1028
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 119
Total monthly income.................... 1147
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 425
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 50 have you shopped around for cheaper elec/gas?
Gas..................................... 50
Oil..................................... 0
Water rates............................. 40 ?? why so high
Telephone (land line)................... 10
Mobile phone............................ 60 go payg
TV Licence.............................. 24 ?this is not right
Satellite/Cable TV...................... 10 :cool:this is cheap!!!
Internet Services....................... 10
Groceries etc. ......................... 30 a mth??
Clothing................................ 10 use what you have for now
Petrol/diesel........................... 200:eek:
Road tax................................ 12
Car Insurance........................... 45
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 5
Entertainment........................... 0???? no takeouts, beer/wine/pubs/clubs/gym etc
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1101

Assets
Cash.................................... 24
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 200
Other assets............................ 0
Total Assets............................ 224

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................1393......56........0
Total unsecured debts..........1393......56........-

Monthly Budget Summary
Total monthly income.................... 1,147
Expenses (including HP & secured debts). 1,101
Available for debt repayments........... 46
Monthly UNsecured debt repayments....... 56
Amount short for making debt repayments. -10
Personal Balance Sheet Summary
Total assets (things you own)........... 224
Total HP & Secured debt................. -0
Total Unsecured debt.................... -1,393
Net Assets.............................. -1,169
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/QUOTE]

Looking at your SOA your main issue is the car - i know you need it BUT Petrol is a huge sum of your wages each month any way of reducing this? do you use to get to and from work? or use it in employment?

Is your groceries right? this is low for a monthly shop.

Mobile is alot i`m guessing it is contract?! Can you not cancel due to financial issues and go payg and reduce what/how you - reduce to £10 a month (for now). This would be a saving of £50 a mth!!

Water rates are higher then normal do you have arrears? it should be approx 19 a mth.

Tv licence is high it should be approx £12 a mth.

ShaunJUK

Electricity............................. 50 have you shopped around for cheaper elec/gas?
Gas..................................... 50

I am in debt with npower and they wont let me switch as I owe them


Water rates............................. 40 ?? why so high

This is how much they charge me

Mobile phone............................ 60 go payg

Tied into a contract, how do I cancel due to financial reasons?

TV Licence.............................. 24 ?this is not right

I guess I started my DD too late, this is how much I am paying a month on DD atm

Satellite/Cable TV...................... 10 :cool:this is cheap!!!
Internet Services....................... 10

I pay £25 for phone internet and TV, I put £10 in each thus covering some call costs

Groceries etc. ......................... 30 a mth??

Why arent I losing weight?

Clothing................................ 10 use what you have for now

I only put a tenner cos I guess I buy something throughout the year

Petrol/diesel........................... 200:eek:

I travel 70 miles round trip to work 5 days a week

Entertainment........................... 0???? no takeouts, beer/wine/pubs/clubs/gym etc

Not unless I have spare cash so atm definately not

savingmummy

Wow you really are tight with money right now if no changes can be made here, i am not sure what to suggest tbh. Have you anything you can sell? do you have any savings?

Any chance of overtime or maybe even a job closer to home!

I called my mobile network up and asked to speak to someone in charge, just said i couldn`t pay and was unable to continue due to financial issues. Took a lot of hard going but They cancelled.
When does your contract finish?

savingmummy

PS if your front tyres are illegal then you really can`t use your car!!!!!
Your life, other peoples lives and a hefty fine is around the corner if you do - can you borrow money from family to get these done?

ShaunJUK

My brother is going to lend me some to get my car back on the road, a lot of my debts stem from before I had this job and once I get back on track things will improve but I am right on the balance and things like car trouble arent helping

Ames

Your water is way, way too high. Get a meter, it's free and if you find it's costing you more than rates (unlikely) then you can have it taken out wihtin a year for free.

ShaunJUK

Ames wrote: »

Your water is way, way too high. Get a meter, it's free and if you find it's costing you more than rates (unlikely) then you can have it taken out wihtin a year for free.

I will have to ask the landlords permission but I will do that

ShaunJUK

I am thinking the only way to survive this month is to take some time off work so I can save on petrol costs