My SOA

iamana1ias

Is there any point in having a car if you're doing so little mileage?

foxgloves

Agree about the gas/electricity useage. Ours used to be nearly as much as that but we've cut it to 37 a month for gas & 29 a month for electricity. We didn't change suppliers or tariffs or anything, it was simply a big decision to cut back what we used and it has meant that in winter, we willl only warm one downstairs room thoroughly and put extra layers on. If you are on dual tariff & it's cheaper at night, set things like washing machine, breadmaker, etc, to come on then. Energy costs are so high now that every little saving helps. Your internet/cable package is way high. We have broadband/landline & cable tv from Virgin & it's 45 a month, that'd be a 50 quid saving a month for you, more if you went for Freeview or fewer channels. Groceries could also come down if you are determined to do this. It means more cooking from scratch, menu planning, freezing, etc, but you can save a lot, & your Mum may like to get involved with helping plan that, as she is of a generation that is often pretty knowledgeable about careful housekeeping (tho' I don't want to generalise, as my Mum is in her early 70s and isn't remotely interested in cooking). I think you'll get lots of advice on here and find you can make quite a few cutbacks. Everything helps, however small it seems at the time.

RAS

learntthehardway wrote: »

Sorry has come up loads of times dont know what I done

Hi

Hit the edit button and remove the duplicates if you can

RAS

learntthehardway wrote: »

Dont know if this works, currently paying £400 to DMP...c.c.c.s

Household Information[/b]
Number of adults in household........... 2 - does this include your mother?
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1450
Partners monthly income after tax....... 200
Benefits................................ 82
Other income............................ 260 -what is this?
Total monthly income.................... 1992

What financial contribution does your mother make to the household?

Monthly Expense Details
Mortgage................................ 650
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 112
Electricity............................. 85 This is very high - if you have gas assumwe that is youyr heating, so electricity should be lower.
Gas..................................... 90
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 0
Mobile phone............................ 5
TV Licence.............................. 0
Satellite/Cable TV...................... 60 - this has to go - you need to put it towards the mortgage.
Internet Services....................... 35
Groceries etc. ......................... 320 - for three or four? Even for 4, you should be able to knock £50 off this
Clothing................................ 10
Petrol/diesel........................... 20 - do you really need a car?
Road tax................................ 10
Car Insurance........................... 12
Car maintenance (including MOT)......... 5
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 28
Pet insurance/vet bills................. 0
Buildings insurance..................... 12
Contents insurance...................... 7
Life assurance ......................... 10
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 30 - how much is saved?
Total monthly expenses.................. 1573


Assets
Cash.................................... 0
House value (Gross)..................... 140000
Shares and bonds........................ 0
Car(s).................................. 475
Other assets............................ 0
Total Assets............................ 140475


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 62000....(650)......6
Total secured & HP debts...... 62000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
all debts .....................64000.....400.......0
Total unsecured debts..........64000.....400.......-


Monthly Budget Summary
Total monthly income.................... 1,992
Expenses (including HP & secured debts). 1,573
Available for debt repayments........... 419
Monthly UNsecured debt repayments....... 400
Amount left after debt repayments....... 19

Personal Balance Sheet Summary
Total assets (things you own)........... 140,475
Total HP & Secured debt................. -62,000
Total Unsecured debt.................... -64,000
Net Assets.............................. 14,475

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.[/font]Statement of Affairs and Personal Balance Sheet

We need the details of the cards and loans before we can really help much more.

Assume you have already defaulted on all these?