ok brief soa

milly_rhys

looking at my buget from CAB so i think its done pro rata

income


incapacity benefit £502.66
income support £40.95
child tax credit £403.70
child benefit £75.61
dla(sons) £269.75
dla mine £188.28


total 1480.95 (seems alot whne u look at it like that )



rent arrears +water £100
c.tax £10
gas £60
electric£60
houskeeping £400 (two special diets)
insurance £25
tv licence £12
tv rental £40
petrol £80 (lots of hospital visits)
car rental £188.28
telephone and broadband £60
sons child care £160 term time £280 holidays (per month not pro rata)
weight watchers £40 per month (can not stop going )

hubbys visa £10 a month
hubbys loan £80 a month


cab put £25 for incidentals and increased outgoings a little to cover me to pay off parents

debt i have is approx

natwest loan 26,000
overdraft 500(now with charges)
burtons 140
adams 600
next 1400
capital 1 1000
simplybe 1300
barclay 5500
house of sterling 500
and family debts of about 3,000

the income i get is for me and my husband but dont know how much is for him and not including his debt in a bankruptcy or whatever path i choose but i need to find a way to pay his too as the money we have is just houshold income nobody's imparticular

whatatwit

Well done for posting your SOA, I'm sure some of the more experienced posters will along to help, although it may not be until tomorrow.
Do you know what the debt % rates are and the minimum payments?

moozie_2

Hello there

Here's my comments...

milly_rhys wrote:

looking at my buget from CAB so i think its done pro rata

income
incapacity benefit £502.66
income support £40.95
child tax credit £403.70
child benefit £75.61
dla(sons) £269.75
dla mine £188.28


total 1480.95 (seems alot whne u look at it like that ) You do need to look at it like that as that is how much you have at your disposal

rent arrears +water £100
c.tax £10
gas £60 This is high, have yo checked whether you are on the cheapest provider?
electric£60 This is high, have yo checked whether you are on the cheapest provider?
houskeeping £400 (two special diets) What type of diets and for how many people? This is very high.
insurance £25 What is this for? If it's home, you can get it cheaper and can change through the year.
tv licence £12
tv rental £40 Would be best to buy a tv and stop this.
petrol £80 (lots of hospital visits)
car rental £188.28
telephone and broadband £60 This is very high, you could reduce this substantially by chancing providers. Tesco doo BB for £15 I think
sons child care £160 term time £280 holidays (per month not pro rata) How does this work? weight watchers £40 per month (can not stop going ) For how many people? I thought it was £4.95 per week per person

Total: £1236

Income - bills = £1480.95 - £1236 = £244.85 for debt repayments

hubbys visa £10 a month
hubbys loan £80 a month


cab put £25 for incidentals and increased outgoings a little to cover me to pay off parents

debt i have is approx What is the APR, minimum payments and limits on these?

natwest loan 26,000
overdraft 500(now with charges)
burtons 140
adams 600
next 1400
capital 1 1000
simplybe 1300
barclay 5500
house of sterling 500
and family debts of about 3,000

the income i get is for me and my husband but dont know how much is for him and not including his debt in a bankruptcy or whatever path i choose but i need to find a way to pay his too as the money we have is just houshold income nobody's imparticular

It seems that you have £244 to pay off your debts with. If you post the APRs and minimum payments, we can help you decide in which order to do so. You can achieve quite significant savings in your utilities etc so that will give you even more to throw at the debts

milly_rhys

is this enough info?

Smashing

Can you not claim back expenses for hospital visits if on benefits, or is that just for public transport?
Would that be an option?

milly_rhys

well the cab have just advised £1 payments and some have accepted others have not . is that right?

how can i find cheaper gas and electric? im with british gas

my broadband etc is high at the min as i changed to BT BIG MISTAKE !! waiting for them to terminate my contract due to being messed about .

my food amount is high for my special diet and my sons and mine my hubby is on low fat diet too . what is your reccomended amount for the things u said could be changed

weight watchers is for two people so it is £40 per month less 40p

house insurance is also some personal possesions on there too which is the ring and the watch i mentioned in my other post . how do i find a cheaper one?
my sons childcare is more in holidays as he will go 3 full days not 3 half days

milly_rhys

i dont know if i can claim the diesel

immoral_angeluk

You're gas and electric seem quite high.. have you tried uswitch.co.uk to see if you can get a cheaper deal?
Tv rental - would you be better just cancelling it and buying a cheap tv from argos or somewhere for the meantime?
Do you NEED the car? A lot of your outgoings are on that and like others have said, surely you should get some help to hospital appointments as you're on benefits?
Also you phone and broadband costs are extortionate compared to the deals out at the moment so I would seriously consider switching. We pay £30 p/m for 8mg with bt total broadband and I know there are cheaper deals than that!
Have you tried shopping around for your food? Even though you have 2 special diets I struggle to deny that you could at least bring it down slightly by shopping around. Don't forget places like tesco etc do free delivery if you spend over a certain amount and the value ranges are just as good as the brand names.
Also how on earth is your weight watchers £40 a month??? Couldn't you just tell them that you simply can't afford to go anymore? There must be some way out of it as £40 a month is a lot of money!!

immoral_angeluk

Also have you got any friends or family that could help you with childcare, and are you claiming the childcare element of the tax credits?

moozie_2

milly_rhys wrote:

well the cab have just advised £1 payments and some have accepted others have not . is that right? The £1 payments are a temporary solution until you go on a DMP or other solution. Can't say whether it is right or wrong as the CAB will have a more comprehensive picture of your finances than we do here.

how can i find cheaper gas and electric? im with british gas Have a read through :money: articles, he really has it all there for us This one is relevant http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1103281560,22751,

my broadband etc is high at the min as i changed to BT BIG MISTAKE !! waiting for them to terminate my contract due to being messed about .

my food amount is high for my special diet and my sons and mine my hubby is on low fat diet too . what is your reccomended amount for the things u said could be changed If you check out the Old Style Board, it will help you get a few ideas on menus and recipes for low fat as well as cheaper meals. I understnad £50 per month per person is a good amount to aim for.
weight watchers is for two people so it is £40 per month less 40p Fair enough, hope you are both doing well! :T

house insurance is also some personal possesions on there too which is the ring and the watch i mentioned in my other post . how do i find a cheaper one? The answer is kindly provided by :money: in his insurance article which can be found here: http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1101119998,66754,my sons childcare is more in holidays as he will go 3 full days not 3 half days

I hope this helps

moozie_2

Just to add, on the left of this page there are lots of tabs with Martin's articles. Do take your time to read them as they are very well researched and helpful

Look here for instance: http://www.moneysavingexpert.com/utilities