Out of Hiding

misscousinitt

debtfreegonnabe wrote: »

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................ 1000
Partners monthly income after tax....... 800
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1800
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 400 actually 300 but paying off arrears, just month and its cleared
Management charge (leasehold property).. 0
Council tax............................. 130 actually 80 paying off arrears
Electricity............................. 190 ? very large, I never seem to clear this, I always seem to get large bills and i don't feel i use it excessively, this includes my gas too, gas is the biggest part
Gas..................................... 0 try to turn everything off especially at night, energy saving bulbs are a must, switch off lights you are not using, heating shouldn't be on at the moment, challenge yourselves not to switch heating on till Nov and always send meter readings in...
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 30 includes broadband bt
Mobile phone............................ 25 Try to reduce this
TV Licence.............................. 11
Satellite/Cable TV...................... 48 can you get a deal in with the broadband and telephone - this is too much
Internet Services....................... 0
Groceries etc. ......................... 200 planning on trimming this some what check out Old Style for tips and tricks
Clothing................................ 50 trimming this too use what you have for now - and cut to £0
Petrol/diesel........................... 100 cut out non-essential journeys
Road tax................................ 20
Car Insurance........................... 21
Car maintenance (including MOT)......... 15
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10 Good
Life assurance ......................... 40 have you tried shopping round, this is alot
Other insurance......................... 0
Presents (birthday, Christmas etc)...... 50 halve this
Haircuts................................ 6
Entertainment........................... 50 reduce this - check out site for vouchers and deals and keep to a min - perhaps £20
Holiday................................. 120 usually have at least to holidays a year can you cut this down to one holiday so you can clear your debts
Emergency fund.......................... 0 :eek: very very bad i know
Total monthly expenses.................. 1556[/b]

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 2000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
welcome........................600.......0.........0
provident......................1800......0.........0
payday loan....................650.......0.........0
Total unsecured debts..........3050......0.........-

Monthly Budget Summary
Total monthly income.................... 1,800
Expenses (including HP & secured debts). 1,556
Available for debt repayments........... 244
Monthly Unsecured debt repayments....... 0
Amount left after debt repayments....... 244
Personal Balance Sheet Summary
Total assets (things you own)........... 2,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -3,050
Net Assets.............................. -1,050



These are just estimated amounts, but very close. As you can see, lack of money not the problem, its my wastefulness :eek:

DFGB

Hi and well done for posting.

Your debts are low and with a bit of prioritising and shifting around you will be able to clear these in no time.

Spending diary would be a good idea...

Good luck.

debtfreegonnabe_2

Hi and well done for posting.

Your debts are low and with a bit of prioritizing and shifting around you will be able to clear these in no time.

Spending diary would be a good idea...

Good luck.

Thankyou for your comments. I am looking at trimming off what i can where I can and get a handle on sorting my priorities.

I have just found a FREE app for my phone that I can put in all my spends in, different categories, accounts, shopping list etc. I will set it all up tonight ready for me to use tomorrow. Not stepping out of the house for the rest of today, so no spending. No Take-Away tonight, I'll make supper. OH will think I'm ill !

DFGB

debtfreegonnabe_2

Just been thinking............. miles that had to be done in car today 14. By not posting my time sheets yesterday at the cost of 38p ?, I have had to do an extra 21 miles !!! 21 wasted miles today for the sake of a little for thought and a 1st class stamp

DFGB

dancingfairy

Hi debtfreegonnabe - from your posts I wonder if your problem is going from one extreme to the other - do set yourself a small amount of 'fun' money and try and stick to that - deprive yourself too much and you can easily give up which may well have been what's happened in the past - you personally don't need to cut back to the absolute bone.
The other tip that might help is to think about how horrid it is being in debt, worry about phone calls, the neighebours knowing, bailiffs, not being able to cope if you lost your job,etc, etc and how great you will feel to have it under control and to be able to save for a holiday/nice car/meal out etc etc.
Good Luck
df

debtfreegonnabe_2

Thankyou for posting DF, I know my finances are not too bad and are very manageable. Its the prioritizing and money wasting I need to get sorted above cutting back on things. But looking at your finances does make you see all the waste for what it is. Like my milage waste today. Ive have used what could have been two and half day petrol in one day. As a lot of yous advise on here its the little things that get you through the week, without going to the sped bank, that helps the money stay in the bank for the big things.........hope that made sense ?

DFGB

RoxieW

What's the app? I have ace budget but can't get on with it ATM.

debtfreegonnabe_2

RoxieW wrote: »

What's the app? I have ace budget but can't get on with it ATM.

Hiya the app is "Light Wallet" It appears perfect for me, took a bit of working out but fab once I got the hang of it. Its for my BB don't know if you can do it on PC but I have also found a good free one for PC that being "personal Finance free" you can download the free version direct from there site. Let me know how you get on with either of them, if you decide to try them.

DFGB

debtfreegonnabe_2

1st Test

OH came in from work with man flu ..!!.. so i popped to the off license for lemonade for a hot toddy before bed. While there I would usually have bought chocolate bars for both of us along with crisps and other snacks for the TV later. I did not get anything else, just the 99p lemonade. So that saved me another £2 at least.......savings today approx £14 and seeing as I only had £10 in my purse, it has also saved me a trip to the speed bank where I would not just have got out what I needed but extra "just in case" just in case what ? .....I want to waste more money. So at least £20 has stayed in the bank to see another day.

This all sounds good but I have a right mess to sort out. I will post as discuss them, as they arise, and attempt to deal with them.

DFGB

RoxieW

Hi thanks for that I will have a look. Its for the iPad that I want it not the pc. Acebudget isn't wording for me. And I paid for it boo

You're doing well. You will find that before long your mindset will start to shift. Mine has. With regards to treats I've made the mistake before of not getting any in then giving in to chocolate from the local shop when it would have been better to buy a 4 pack wi my shopping. Do u have a farm foods? They are great for chocolate bars and drinks.

debtfreegonnabe_2

Hiya Roxie, yes we do have farm foods, never been though. If its for Ipad personal finance should be great. If you cant find it PM me if you want and I'll send you the link in an email.

I am out today with a friend, post my good decisions later tonight,

Have a good day everyone

DFGB