Need some advice please

poppytj

Hi thank you for your help and advice

yes accounts are changed, I will hopefully get somewhere with the creditors, as this ''bump'' will start flowing again

TheBex

stephatj wrote: »

Here's my SOA

Household Information
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 751
Partners monthly income after tax....... 0
Benefits................................ 849
Other income............................ 0
Total monthly income.................... 1600

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 560
Management charge (leasehold property).. 0
Council tax............................. 190
Electricity............................. 90
Gas..................................... 0
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 40
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 30
Road tax................................ 5 -That can't be right, surely?
Car Insurance........................... 15
Car maintenance (including MOT)......... 0 -You need to put something in here
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 120
Medical (prescriptions, dentist etc).... 0 - You need to budget for the dentsit, at least for the kids (I never go, I'm too cheap but I've got a good brush action!)
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 -Do you not have this?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0 - Good girl, it's all about owning a pair of scissors!!
Entertainment........................... 0 - Is that really accurate?
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1327


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

No Secured nor Hire Purchase Debts

Unsecured Debts - Not that it makes much odds at the moment, but rates would help work out which is a priority
Description....................Debt......Monthly...APR
M&S............................3223......82........0
overdrafts.....................800.......0.........0
loan...........................1000......48........0
store cards....................800.......50........0
course loan....................2000......0.........0
Total unsecured debts..........7823......180.......-


Monthly Budget Summary
Total monthly income.................... 1,600
Expenses (including HP & secured debts). 1,327
Available for debt repayments........... 273
Monthly UNsecured debt repayments....... 180
Amount left after debt repayments....... 93

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -7,823
Net Assets.............................. -7,823

Created using the SOA calculator
Reproduced on Moneysavingexpert with permission, using IE browser

I agree with Washer's tip to get out the bank statements because the SOA can't be entirely correct if it shows a surplus you never have. Maybe you need a spending diary.

If the hubby has no money should that be your problem? The kids are his responsibility too and if he's not helping he's making your situation worse, after stealing from you already! If you have access to any of his accounts I'd be inclined to nick it back!

The thing you said about moaning upset me, you aren't moaning at all, you're asking for help with something which right now you can't deal with. That is the grown up thing to do and you're doing brilliantly, answering the questions nd helping us (well, Washer mostly) to help you. I think you ought to be proud of what you've achieved already.

And I know I keep saying it, but chilling out is definitely key here. I know that it's awful and you're scared but we're all working on sorting it out, together, and it will be fine. There's nothing the MSE team can't do! So Chin up. Glad to see the tone of your posts changing - you're sounding les frantic and more in control today.

B x