SOA and a kick up the bum needed

leni

This is our SOA, it seems we have a big deposable income but we just waste it!:eek:

Income

Income(1) - £1441
Income(2) - £900 (13 times a year)

total = £2341 (varies with overtime)

Outgoing

Car Loan (1) £165.69 (1491.21 owed)
Car Loan (2) £119.48 (597.40 Owed)
Gas £34.50 (£30 in arrears)
Yorkshire Water £20.00
Home Insurance £18.08
Ebay £2.93
TV Licence £10.99
Mortgage Insurance £46.73
Mortgage £406.42
Telephone £20.00 (£6 in arrears)
Electric £30.50 (£100 in arrears)
Sky £21.00
Council Tax £106.00
NASN Sky channel £14.00
Broadband £24.99
Mobile £40.00 (for 1 contract and 1 PAYG)
Credit Cards £200.00 (£3900ish on 9month 0% card)
Hockey £30.00
Blockbuster DVD £14.99
Presents £20.00
Savings Account £100.00
Car Insurance(s) £65.00
Petrol £60.00

total £1571.30

The rest is just spent willy nilly on stuff like take aways, nights out, food shopping, £10 here, £20 there etc I have no idea what our food budget is because we just spend spend spend!:o

What is a realistic and not too dramatic budget for 2 adults a month for food? What cut backs can we make? Almost everything has a reason for us getting it but whether it's a money saver or luxury is questionable!

Should I up the credit car payments to £300? or even higher?

I'm really just looking for a kick up the bum to get me motivated for August!

lynzpower

OK LETS GO GO GO!!

Me & OH have astrict 100pcm for food & toietries between us- try that

You are shelling out £35 a month on sky there and 15 on films. Could you not do the free trials for a bit and do some tarting? Save the 15 for a start. You know the sky isnt essential

your broadbands a tenner a month more than the tesco value one- so thats a change to be made too

Spending diary? See where it all goes?

leni

We've only just subscribed to Blockbuster and it's already saving us money! I'd like to downgrade sky to the £19 package but my partner doesn't want to! The 14.00 NASN channel is an american hockey channel that he watches maybe once a month but he still won't get rid of it!

Broadband is a no go, we live in an area that has it's own telephone company (no BT here) so we can only get broadband from them and thats the package - BOO to them!

Spending diary I am starting, I've got myself a book out of my stationary stuff today to start that on!

wanna-be-mortgage-free_2

leni wrote:

We've only just subscribed to Blockbuster and it's already saving us money! I'd like to downgrade sky to the £19 package but my partner doesn't want to! The 14.00 NASN channel is an american hockey channel that he watches maybe once a month but he still won't get rid of it!

Broadband is a no go, we live in an area that has it's own telephone company (no BT here) so we can only get broadband from them and thats the package - BOO to them!

Spending diary I am starting, I've got myself a book out of my stationary stuff today to start that on!

Maybe you should just go ahead and cancel the hockey channel, especially if OH only watches once a month.

A spending diary is an excellent idea, I couldnt' live without mine now. It makes you think twice about spending, especially on silly things!

tightfella

definitley cancel NASN - at least until the Hockey season starts again!!!!
I signed up for it to watch basketball - now the season is over, its cancelled for about 4/5 months saving me £60.

leni

never thought of cancelling NASN as a temporay measure! I'll get him to do it tonight!

lynzpower

whats the 2.93 with ebay for?

leni

lynzpower wrote:

whats the 2.93 with ebay for?

seller fee's, I've gone through this months statements, we don't sell much, just books once I read them and pay ebay via direct debit every month.

Luke

Are you saving £100 a month by standing order? if so why not cancel this and redirect this £100 to pay of some of your bills that are in arrears.

kwisstan

I would cancel NASN (althoguh I ended up switching to watching baseball, plus paid for the year upfront) Price for NASN has risen to £15 per month.

if he only watches it once a month, tell him to go a game in this country once every other month or depending on the level every month, or as I found out during stanley cup, channel 5 still have some coverage.

Arch-Angel

My OH and I are currently daring each other to avoid unnessary spending - if I get tempted by something, OH says "well if you're having x then I want to have y (something that I will regard as a complete waste!)" and vice versa.

It works on all kinds of things from choccy biccies upwards - if I don't/won't buy something the pressure is on OH to do the same. It creates a good "team feeling" - granted ours is to save money for a house deposit, but it also means that the dreaded CC's don't get touched, thus pushing us closer to being debt-free!