Payday Loans

barbiedoll

It's on the thread near the top of the board titled "Help for first time posters and SOA calculator" The link is in there.

emilyxxx8

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.................... 2
Monthly Income Details
Monthly income after tax................ 936
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 936
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 200
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 50
Clothing................................ 20
Petrol/diesel........................... 80
Road tax................................ 13
Car Insurance........................... 45
Car maintenance (including MOT)......... 5
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 80
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 568

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1200
Other assets............................ 0
Total Assets............................ 1200

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
payday loan....................110.......0.........0
payday loan....................250.......0.........0
family.........................300.......0.........0
Total unsecured debts..........660.......0.........-

Monthly Budget Summary
Total monthly income.................... 936
Expenses (including HP & secured debts). 568
Available for debt repayments........... 368
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 368
Personal Balance Sheet Summary
Total assets (things you own)........... 1,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -660
Net Assets.............................. 540

clairbear1000

You haven't included your debt repayments so it looks like you have spare cash where you have less.

So has paying the £308 cleared these? If so, you need to cut out whatever you can from this month, ie presents, entertainment, haircuts, petrol where you can. Then you should be back to being able to cope.

If you are regularly spending more than you have, you need to keep a spending diary to see where the extra money goes.

And, people are probably going to tell you to sell one of your cars.

Best of luck...