I want to stop living to just pay off debts (soa included)

sarahpowell

Hello

I really need some kick up the bum, can someone point me in the right direction. This has been much worse but I need a kick up the backside right now to clear this as soon as possible.:mad:

So the SOA looks like this

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 979.16
Partners monthly income after tax....... 1260.8 Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2239.96
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 200 - Property rented through work
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 160 - Prepayment meter in whch we still owe so unable to change and yes this is correct for 1 month over the winter
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 18.51 - Part of the payment with sky and we also get sky tv nd internet with them
Mobile phone............................ 70 - I know very high but we have only jst taken out contracts so stuck with them
TV Licence.............................. 11.95
Satellite/Cable TV...................... 18.51
Internet Services....................... 18.51
Groceries etc. ......................... 300 - I need to learn to cook
Clothing................................ 20
Petrol/diesel........................... 160 - Required to get to work, work for public transport and need to be there before 1st service leaves
Road tax................................ 20.41
Car Insurance........................... 75
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................. 10
Buildings insurance..................... 0
Contents insurance...................... 14.63
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 27 - Cineworld subscription
Holiday................................. 0
Emergency fund.......................... 0
Bank Account Fee........................ 12.95
Total monthly expenses.................. 1137.47

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 3000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
VANQUIS - ME...................1449.18...80........22.5
VANQUIS - PARTNER..............1500......81........22.5
HSBC CC - ME...................4741.18...118.1.....7.5
JACAMO.........................75........25........0
SIMPLY BE .....................75........25........0
CAR ...........................1700......0.........0
OVERDRAFT - PARTNER............600.......0.........0
OVERDRAFT - JOINT..............600.......0.........0
HALIFAX CC - ME................750.......18........8.9
ADVANTS CREDIT.................2045......100.......0
FLEXILOAN - JOINT..............599.37....24........0
HSBC CC - PARTNER..............4412.7....110.2.....7.5

Where can I cut back and how can I get some more cash to clear these??

Thanks all, you seem so lovely and I am so embarressed.

savingmummy

sarahpowell wrote: »

Hello

I really need some kick up the bum, can someone point me in the right direction. This has been much worse but I need a kick up the backside right now to clear this as soon as possible.:mad:

So the SOA looks like this

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 979.16
Partners monthly income after tax....... 1260.8 Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2239.96
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 200 - Property rented through work
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 160 - Prepayment meter in whch we still owe so unable to change and yes this is correct for 1 month over the winter
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 18.51 - Part of the payment with sky and we also get sky tv nd internet with them
Mobile phone............................ 70 - I know very high but we have only jst taken out contracts so stuck with them haggle for cheaper
TV Licence.............................. 11.95
Satellite/Cable TV...................... 18.51 i would cancel sky package £55 a month could pay a card repayment
Internet Services....................... 18.51
Groceries etc. ......................... 300 - I need to learn to cook wow too high!!! stick to a list, drop brands, meal plan
Clothing................................ 20 use what you have, sell things you dont use
Petrol/diesel........................... 160 - Required to get to work, work for public transport and need to be there before 1st service leaves That is a killer!! how far is work??
Road tax................................ 20.41
Car Insurance........................... 75 again look 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................. 10
Buildings insurance..................... 0
Contents insurance...................... 14.63
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 27 - Cineworld subscription
Holiday................................. 0
Emergency fund.......................... 0
Bank Account Fee........................ 12.95 can you get bank that dont charge??
Total monthly expenses.................. 1137.47

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 3000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
VANQUIS - ME...................1449.18...80........22.5
VANQUIS - PARTNER..............1500......81........22.5
HSBC CC - ME...................4741.18...118.1.....7.5
JACAMO.........................75........25........0
SIMPLY BE .....................75........25........0
CAR ...........................1700......0.........0
OVERDRAFT - PARTNER............600.......0.........0
OVERDRAFT - JOINT..............600.......0.........0
HALIFAX CC - ME................750.......18........8.9
ADVANTS CREDIT.................2045......100.......0
FLEXILOAN - JOINT..............599.37....24........0
HSBC CC - PARTNER..............4412.7....110.2.....7.5

Where can I cut back and how can I get some more cash to clear these??

Thanks all, you seem so lovely and I am so embarressed.

Firstly well done for posting :T
Secondly cut up the cards
Sell on ebay anything you don`t use/need.
Reduce groceries.

What do you do with money left over each month??? (that part is missing from soa) Throw this at high apr debt!