D'oh! Better get started... I wanna be Mortgage Free!!

Froggy-G

Morning All!

SOA time.. I have never posted one before so please feel free to comment or suggest..

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1612
Partners monthly income after tax....... 3180
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 4792
Monthly Expense Details
Mortgage................................ 722.1
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 125 (over 10 months)
Electricity............................. 81 (inc. gas & electricity)
Gas..................................... 0
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 15 (BT landline)
Mobile phone............................ 40 (2 contracts)
TV Licence.............................. 12 (over 12 months by DD)
Satellite/Cable TV...................... 55 (inc. Sky, Broadband & calls)
Internet Services....................... 0
Groceries etc. ......................... 300 (I know it could be less but we both are food lovers)
Clothing................................ 50
Petrol/diesel........................... 240 (lots of mileage, work & family 200 miles away)
Road tax................................ 12.91 (for 2 cars, paid annually)
Car Insurance........................... 57 (for 2 cars, paid annually)
Car maintenance (including MOT)......... 35 (£200 dealership service annually)
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 (dentist)
Pet insurance/vet bills................. 0
Buildings insurance..................... 29.22 (inc. contents & buildings)
Contents insurance...................... 0
Life assurance ......................... 53.1 (for both of us)
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 30 (for OH, £60 every two months, OH cuts my hair at home)
Entertainment........................... 300 (inc. £140 acupuncture)
Holiday................................. 100
Emergency fund.......................... 0
Total monthly expenses.................. 2340.33

Assets
Cash.................................... 0
House value (Gross)..................... 135000 (still in negative equity)
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 135000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 139760...(722.1)....4.77
Total secured & HP debts...... 139760....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
B&Q............................0.........123.3.....0% (bathroom on 0% till Feb 12)
Leased cars....................0.........408.......0 (3 years contracts started in Sep 10)
Total unsecured debts..........0.........531.3.....-

Monthly Budget Summary
Total monthly income.................... 4,792
Expenses (including HP & secured debts). 2,340.33
Available for debt repayments........... 2,451.67
Monthly UNsecured debt repayments....... 531.3
Amount left after debt repayments....... 1,920.37
Personal Balance Sheet Summary
Total assets (things you own)........... 135,000
Total HP & Secured debt................. -139,760
Total Unsecured debt.................... -0
Net Assets.............................. -4,760

wynnvegas

Yadra Froggy,

Positivity is just around the corner!! I feel a need for a "days" countdown to having equity, clearing the unsecured part of the mortgage and the more pressing current project. £3,180 per month - are you secretly married to a professional footballer!

Cheers,

Billy

wantabetterlife

Hi Froggy, your SOA seem very good and you have to have some luxuries or else whats the point, we have Sky aswell but we dont smoke and hardly ever go out so it is our one treat, besides the OH would have a fit if he didnt have sky sports :rotfl:
You have a really good income which will help so much to get the mortgage down. Hope everything is going well for you and the princess
Enjoy your weekend Froggy, we are going to see John Bishop tonight, i have never been to see a comedian before so am really looking forward to it.

Froggy-G

wynnvegas wrote: »

Yadra Froggy,

Positivity is just around the corner!! I feel a need for a "days" countdown to having equity, clearing the unsecured part of the mortgage and the more pressing current project. £3,180 per month - are you secretly married to a professional footballer!

Cheers,

Billy

The thing is, all seems to come in at the same time.. Keeping fingers tightly crossed.. According to my calculations, its about 97 days till the loan disappears..:rotfl:

Not married to a footballer!! Apparently the world of finance pays well.. She has studied hard (3.5 years after uni) and works very hard in her job.. She deserves what she gets..

I have heard from one of the agency this afternoon, and I am being put forward for another role, I should know more about it next week..

Froggy

[Deleted User]

Hey Froggy
Fingers crossed something good comes of the agencies!
Finance it is then- Ill have to look into it! :rotfl: sounds like a lot of hard work (and I just about passed GCSE maths with a lotta hard work so perhaps not!)
SOA looks great and sure you will be on a roll to MF....nothing I can see stands out for trimming back except maybe clothes at £50 a month- also food costs- have you done the downshift challenge- ie seeing what value products you like or taste the same! some things like butchers etc.. you may not want to scrimp on!

have a great weekend

wynnvegas

Froggy-G wrote: »

The thing is, all seems to come in at the same time.. Keeping fingers tightly crossed.. According to my calculations, its about 97 days till the loan disappears..:rotfl:

Not married to a footballer!! Apparently the world of finance pays well.. She has studied hard (3.5 years after uni) and works very hard in her job.. She deserves what she gets..

I have heard from one of the agency this afternoon, and I am being put forward for another role, I should know more about it next week..

Froggy

Vebatho Froggy,

Excellent. I'll need to start working on a debt-free countdown for us. Whatever October 30th is, I can't wait! Don't doubt for a minute the worth of your better half - I'd probably e against working hard even if it was for extra money! We, your avid followers, look forward to your successful move away from the frosty office in the coming days...

Cheers,

Billy

Froggy-G

Evening all! :j

Hope everybody is alright?

I have received a Mr T free delivery code for online delivery over £50 if anybody wants it.. Please feel free to PM me.. The code is valid till 3rd July..

Froggy :cool:

cha97michelle

If you haven't ordered the Feliway yet we were talking about, there is 15% off if you order this weekend. Thought of you when i saw it.

pammyj74

Thats a healthy looking SOA, am in awe of your OHs salary, well deserved I bet.
Hope 'things' are going well x

Froggy-G

cha97michelle wrote: »

If you haven't ordered the Feliway yet we were talking about, there is 15% off if you order this weekend. Thought of you when i saw it.

Thanks for the head's up Michelle, will have a look later on..;)