Newbie.

beanynharrison

Hi all

Have been lurking on this sight for about a month now. My total debt is almost £11000 :eek: This basically breaks down to an overdraft left over from uni(I've been graduated for over 6 years!), a credit card at 0% til next nov and a personal loan. I am currently on maternity leave so am receiving about a quarter of my salary at the mo. Go back part time in dec so will start making serious inroads into debt then...at the mo it is min payments. Feel am coping well with debts as I haven't added to them since jan. Just thought I'd say hi and use this sight as an extra motivater!

Love beany

Toomuchdebt

Hi and welcome

LittleL_4

Hi Beany :hello: Welcome to MSE
L
x

Bestthingsinlifearefree

Hi Beany,

welcome aboard the good ship MSE :beer:

Posting an SOA could be a good starting point.

beanynharrison

OK Here is my SOA

Income
Me - should be approx £1050 when I go back to work
OH - £1400
Child benefit - 69

Total - 2519

Outgoings
mortgage - £477 (interest only until remortage in may)
alpf loan 165.22
electricity - £27 - just changed
gas £38
Gas service for boiler £13.41
BT - 15.50
Council tax £106
car ins £65
life ins £52.09 (high because I am classed as a risk cos overweight)
NUT subs £15.60
contents/building ins 31.54
sky - 43.50 (only real luxury i have as social life is non existent due to 4 month old baby)
mobile £17
tv license £10.99
water rates £27.61
OH season ticket £45 - committed for year and would cause divorce if
cancelled lol
Broad band - £15
OH mobile £15
shopping - 200 (incuding nappies, wipes etc and any b day pressies)
oh train to work £110
petrol £160
childcare £300 (when i return to work)
haircuts are free (cousin is hairdresser)
clothes £20 (mainly baby)
going out £25
don't go to dentist (am trying to fing NHS fat chance !)
CC repayment £95

total - £2080 (i think!!)

Debts
A & L LOAN £4956
OD LIMIT £2000 (include whole limit in debt as am often up to limit but don't
stray over!)
Virgin CC @0% til next nov £4510

Have approx £550 in savings to compensate for any shortfall over the 6 weeks til back at work.

Think that is everything - bring on the ideas!!

Storm

Hello and Welcome!

mortgage - £477 (interest only until remortage in may)
alpf loan 165.22
electricity - £27 - just changed
gas £38
Gas service for boiler £13.41
BT - 15.50
Council tax £106
car ins £65 This is high, can you shop around?
life ins £52.09 (high because I am classed as a risk cos overweight)
NUT subs £15.60
contents/building ins 31.54
sky - 43.50 (only real luxury i have as social life is non existent due to 4 month old baby) I know it's your only luxury but do you honestly watch all the channels? If you phone sky & say you're leaving they often offer reduced rates for several months I'm told!
mobile £17
tv license £10.99
water rates £27.61
OH season ticket £45 - committed for year and would cause divorce if
cancelled lol
Broad band - £15 Can you not get a better package with BB & phone together?
OH mobile £15
shopping - 200 (incuding nappies, wipes etc and any b day pressies)
oh train to work £110
petrol £160 Wow! That's huge considering your OH gets the train to work - are all these journeys really necessary?
childcare £300 (when i return to work)
haircuts are free (cousin is hairdresser)
clothes £20 (mainly baby)
going out £25
don't go to dentist (am trying to fing NHS fat chance !) You don't need to register anymore - any NHS dentist with an appointment has to see you, will find link in a minute
CC repayment £95

Generally it looks like you're not too bad as there's £400 odd each month to chuck at your debts. Are you coping at the moment with the maternity pay?

Oh, and you'll be eligible to Child Tax Credits, and maybe Working Tax Credits too - try https://www.directgov.gov.uk and follow the links to benefits - they've got an online calculator which will work out how much you're entitled to!

Hope this helps

Storm

beanynharrison

I agree the petrol is really high. This is a rough guess. I am not sure what it will be when I am back at work 3 days a week. My SOA is based on that. My journey to work is a 35 mile round trip and my mum lives 130 miles away and we go there once a month too.

The car insurance is high (am going to pay one off next time) but is due to go up as I had a bump 2 weeks ago and was entirely my fault (doh). Will obv shop around when renewing (through quidco - i've just signed up!)

Am going to cancel movies on sky so that should knock some off!

Broadband with tesco and tied in til next june i think and then we are getting the sky broadband (so oh says)

Didn't know about the dentist - will look into that