SOA - Help!

Tixy

There is a snowball calc on the same site as the statement of affairs. Or there is one on whatsthecost.com

fatbelly

365days wrote: »

If you rent why do you pay buildings? I presume it's a mistake and you mena contents. I have buildings and contents for £15 so you can probably reduce this.

Yep, go on to the insurance board. Plenty of people there have got contents through a cashback website and ended up with more cashback than the policy cost

Is your rent the net cost after Housing Benefit? And Council Tax the net cost after CTB? Have you checked your entitlement on https://www.entitledto.com

Your soa needs a bit of work but if you are still showing less than £50 per month surplus then you may qualify for a debt relief order. Unless your savings are more than £300 - in which case please use them to pay off some debt!

DebtFree2011_2

As others have said, I'd certainly use any savings you have to pay off the House of Fraser card, meaning you'll have an extra £65 a month. If you don't save, you'll have an extra £140 + £40 a month + the £65 from not paying the HOF card. This makes £245 a month saved. After the correction on the TV license, that should mean you have enough income to cover the outgoings.

Extra income is the next stage; look at ways of increasing that by doing extra work, selling bits and pieces etc, and use any extra you have at the end of the month to target the next debt; probably the Argos. Pick off 1 debt at a time and in no time at all, you'll start to see results. Well, I say no time at all, but it always seems to start off slowly and 'snowball' until it's all gone...

Good luck...

lilac_lady

I'd stop saving the £40 per month and start a savings jar with 50ps or £2 coins. It'll still give you a small safety net as I think that have some kind of savings makes you feel better.

sueeve

I am going to say something which people won't agree with. What about this wedding? How much do you want a wedding and how much to be married. I ask this because my daughter got married in the autumn for just over £100, just for the registrar. Nice lunch aferwards in an ordinary restaurant, a friend brought some flowers, new summer dress from 'New Look' and she looked great. Own car - they had lived together for a long while, so nothing about coming separately. A taxi would have been easy if they hadn't had a car. Then they - with 2 children - went camping. it suited them, but not for everyone. However it does touch on the thought of what your weddng savings are for. The above is quite extreme I suppose, but if you don't want to live with your boyfriend before marriage it is an option. Two people share the bills. Good Luck.