Our SOA, is there anything i can cut back on?

lauren_1

:eek: Ok this is for both of us, im purple, he is red to make it easier to read.

INCOME
£900 + £20 WTC
£340 CTC + £116 CB + 1 SHIFT A WEEK IN A BAR £30

OUTGOINGS
RENT £455.00
COUNCIL TAX £85
UTILITIES QUARTERLY £130
bt LANDLINE £25
vIRGIN payg MOBILES £10 TOP UP EACH A MONTH
Food shopping £120.00
Internet £18.00
Contact lenses£10.00
halifax one 0% 35.00 (£10 overpayment)
skycard 0% £40.00 (£19 overpayment)
Renault finance 9%:eek: £180.00
citicard25.9% £25
Lloyd overdraft and loan 17%:eek: £80.00
petrol and insurenace £100

nearly forgot
water rates £32.00
sky tv £19.00
tv licence £11.00
my driving lessons £160 (test on 6th december, grandad left me the money after he died)

I use cloth nappies and make a few of my own too, shop at morrisons and only ever buy BOGOF's or special offer items and not been out in months but it just doesnt seem to be paying off as well as i hoped, afetr the 0%ends on my cards i was going to transfer them to an empty marbles card but they just cut my limit in half:mad:
any suggestions accepted, although my other half is not allowed to transfer his cards as they were joint with his ex wife but she dumped them all on him to pay after freezing them but bizzarly went bankrupt anyway?

Annie_Fanny

Welcome to MSE - what are the balances on the debts?

lauren_1

renault has around £5,000 outstanding but can change the car or hand it back in may
Halifax has around £1100
skycard has around £1500
the citicard has about £100 left on it
his overdraft (thanks to the ex) has £1000 (rough idea, he wont tell me exact figures)
his loan i reckon over £700 (again he wont give exact figures)
So my rough estimate is around £9000

dinkylou

Do you get your contact lenses online? If not, its much cheaper. Mine work out at £5 per month. Try vision direct or any of the others. It all adds up.

lauren_1

I tried but i have a really high prescription, they are cheaper than what they used to be though, my first pair were £266.00.

Annie_Fanny

lauren_1 wrote:

renault has around £5,000 outstanding but can change the car or hand it back in may
Halifax has around £1100
skycard has around £1500
the citicard has about £100 left on it
his overdraft (thanks to the ex) has £1000 (rough idea, he wont tell me exact figures)
his loan i reckon over £700 (again he wont give exact figures)So my rough estimate is around £9000

Oh dear this is not good. You both need to be honest with each other so that you can work together to clear this debt. If you do not know the true extent of the debts then it will make it that much harder to tackle them.

You OH is currently overspending by approximately £50 per month. Is there anyway he can get any extra money coming in? Working in the evening or at weekends/get a better paying job?

Have you considered contacting CCCS or payplan? They are debt help charities...

Consumer Credit Counselling Service (aka CCCS)
Wade House
Merrion Centre
Leeds
LS2 8NG
Tel: 0800 138 1111
http://www.cccs.co.uk/

Payplan
Kempton House
Dysart Road
Grantham
Lincolnshire
NG31 7LE
Tel: 0800 917 7823
http://www.payplan.com/

Can you overpay the Citicard debt instead of overpaying on the 0% debts until it has gone?

tryhard_2

hi lauren
welcome
can you give breakdown of utilities - you might be able to save by switching suppliers - energyhelpline or uswitch. if you go via the link from this site you will get cash back for gas and electricity each.
bt - is this for calling landline - martin has written an article about 1899/18185 companies which allow you to make cheaper calls without changing your number
might be helpful to do a spend diary - record all your spending and then you will know where the money is going
can you cut down the food budget - see the Old style board for recipes/menuplans. some people manage to feed a family on <£60 per month
there will be others along who will give you more suggestions
good luck

lauren_1

I have tried to coax it out of him, i found out a bout the loan 3 weeks after having our son to add insult to injury its not even his blinking loan or overdraft he needs the words MUG tattooed on his forehead, he has a set dd for each and cant make overpayments apparently for each as they are all frozen and that was his offer to the creditors.

lauren_1

The bt landline is just for incoming calls, we are on virgin so it costs us 3p to text (last time i bothered to text his was last week), he rings me on his works phone if he needs to talk to me and same for me if i am at work, the rst of the time i use msn to talk to family and friends.

Annie_Fanny

lauren_1 wrote:

I have tried to coax it out of him, i found out a bout the loan 3 weeks after having our son to add insult to injury its not even his blinking loan or overdraft he needs the words MUG tattooed on his forehead, he has a set dd for each and cant make overpayments apparently for each as they are all frozen and that was his offer to the creditors.

Sorry - did I catch that right - the loan & overdraft are NOT in his name?

tryhard_2

lauren_1 wrote:

The bt landline is just for incoming calls, we are on virgin so it costs us 3p to text (last time i bothered to text his was last week), he rings me on his works phone if he needs to talk to me and same for me if i am at work, the rst of the time i use msn to talk to family and friends.

you could consider going down to basic package option1 costs £11 per month will save £14 to pay towards your cards