SOA - anywhere i can free up cash

savingmummy

Are you not on speaking terms with your mum? If the catalogue is her debt she needs to should pay it!
I am guessing the catologue is in your name?

skint-at-19

Im thinking of quitting my night time one, as its killing me and just asking for some overtime in my daytime job.
The gym is my only means of entertainment really to be honest.
The £50 entertainment, is random pub meals etc.

skint-at-19

savingmummy wrote: »

Are you not on speaking terms with your mum? If the catalogue is her debt she needs to should pay it!
I am guessing the catologue is in your name?

No, she's dead to me. I've asked her to pay, but theres no proof the stuff is hers, as she left them behind when she moved.

savingmummy

Is the catologue in her name?

Then the entertainment needs to stop. You can`t afford luxeries right now.
I know it sounds really `boring` but to get out of debt you have to throw everything you can at the debts.

I had to give up everything to clear mine or i would never of done it, at 19 you have a lot of debt, clear it now while you can.

Goodluck x
I

skint-at-19

Thanks
Hopefully it'll be gone soon

Tixy

What did she leave behind when she left? if its anything bought with a catalogue in your name have you tried selling it to put towards the repayments.

How long are you on your course for? and how soon will you finish paying for your course fees?

skint-at-19

A washing machine and Tumble Dryer lol, we need them.
Im finished the course, will be paying it for 36 months.

zarazara

skint-at-19 wrote: »

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 764
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 764
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 236
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40 eek! go PAYG and get people to ring you,dont ring out.
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 50 use public transport and sell car if possible
Road tax................................ 0
Car Insurance........................... 128 shop around for cheaper
Car maintenance (including MOT)......... 0
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)...... 0
Haircuts................................ 0
Entertainment........................... 75---severely reduce this
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 529

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 300

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 4800.....(236)......0
Total secured & HP debts...... 4800......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
friend.........................200.......50........0
mute loan......................300.......25........0
catalogues.....................650.......55........0
Total unsecured debts..........1150......130.......-

Monthly Budget Summary
Total monthly income.................... 764
Expenses (including HP & secured debts). 529
Available for debt repayments........... 235
Monthly UNsecured debt repayments....... 130
Amount left after debt repayments....... 105
Personal Balance Sheet Summary
Total assets (things you own)........... 300
Total HP & Secured debt................. -4,800
Total Unsecured debt.................... -1,150
Net Assets.............................. -5,650
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

a few suggestions. have you thought of additional part time work to make some extra cash?

skint-at-19

I already work 7-1 every day apart from tues and wed .. and 9-2am friday and saturday

savingmummy

Who do you live with?
Who pays the home bills?