I am new and here is my mess!!!

bluezone

peachpie wrote:

thanks for that! Yep I am on the electrol roll.

ok here goes


Monthly Incomings:

My salary - £1220.00
Partners salary - £822.00
Benefits - 0.00

Total - 2042.00

Monthly Outgoings:

Mortgage/Rent - £570
Rates - 70.00
R.London (Insur policy) 16.00
Petrol - 100.00
Life Cover - 9.00
Mort Prot - 16.00
Internet - 15.00This could be cut
Sky - 46.00If you aare running short this is the first to go as it is NOT important
O2 - 20.00
House Ins 16.00
Phone - 20.00
Electric - 26.00
Food - 200.00For 2 of you this can also be cut
TV Lic - 10.50
Oil - 45.00
Money for us - 150 eachWhat is this for?

Total: £1479.50

Egg CC – Balance £3768.00 (limit £4300) APR 15.9% for purchases

Egg Loan – Balance £3508.01 APR 7.7% Finish Feb 09

Overdraft - £300 (limit £950.00) no charge with abbey

Next - 500.00 (limit 5500.00)

Littlewoods - 64.00 Limit 1500.00

Halifax CC - 1090.83 (limit 1500.00) 0% apr promotion

This is just my opinion but could help you out

regularsaver1

When you state your credit card payments , do you mean they are the minimum payments?

CLAPTON

so it seems that

income is 2042
spends is 1479

leaving 563 to pay debts

minimum debt payments are 420 hence leaving you with 143 spare to over pay your debts..... do you find that you have this spare each month?

I would suggest you both start a spending diary to find out where all your money actual goes... write down absolutely everything you spend.

Given you are £9181 in debt why do you need to change the car after xmas?
Your SoA shows nothing for car tax,insurance, MOT, RAC/AA servicing etc... are these being paid elsewhere?

Can you break down where the 150 'me ' money goes there should be great potential to save from this.

Glitterari

Why do you need to change the car after Xmas? Is there something very wrong with it that makes it not worth fixing and therefore cheaper to buy another car?

C x