Get Tink out of trouble 2011!!

Tink_04

Thanks for popping in twinmum07 im just having a low day i think its really hard to start and i can see why people quit and just go back to there old ways but i really dont want to i HAVE to do it this time but just feel so deflated as i have so little to pay towards it and i feel like its going to take ages to pay back i just feel like its pointless at times

Tink_04

oh almost forgot how do you do mystery shopping?

beanielou

Keep plodding

twinmum07

There is a mystery shopping thread here https://forums.moneysavingexpert.com/discussion/2923524 on the up your income board. The second post has a list of lots of the companies so i just plodded my way through them (I don't even think I am halfway down the list and I find lots of work I like doing). There is lots of inspiration on the up your income board in general too.

If you total up everything you can possibly throw at debts per month it will probably add up to a decent amount, especially if you are doing lots of little payments, which you don't always really notice but over the month they make such a huge difference. Best of all just think about once all the debt is gone that cash is yours to save or splurge as you see fit. Our Debt Free date is down as April 2016 but should have already shuffled forward. 5 years down the line all the kids will be in school full time so i can work full time too and earn more and then once we free up our debt money we will be amazingly well off in May 2016 - what a difference a month makes eh!

Right off 'shopping'

Tink_04

Thanks im going to have a look at the up your income board and see what i can find ive already been so impressed with the OS board! ive got some stuff i can ebay too but need to sort it out (and actually have money to post it!) and ive got some things to renew soon so im going to quidco them!!! i can honestly believe the difference a day makes! yesterday i seen no way out and today i have a great feeling!!! all i need to do is get through the first few pay days (which will be hard ill admit) but then i should be able to get a routine going and be able to clear some money! i may not have enough to clear big numbers every week but i can pool everything ive got together and pay it off when i get it!!!! am i a freak but i get a buzz like shopping when ive gotten cash back or put some pennies aside lol

Have a lovely Sunday

Tink

Tink_04

Ok ive discovered by the help of the lovely non judgemental people on this board that i may not be able to pay off huge chunks of my debt today next week or next month but i can make money and plan and save so that i don't get deeper and can pay something when i have it!!! so here is to starting slow and going for the best i can do!

gothrockchic1

Hi ya, just popping in to say good luck....the first few months are hard cos your breaking in new habits but it does get easier and once you start seeing the debt going down you'll start feeling better about it.

Try signing up to some challenges, these will keep you motivated. I love the 1 debt v 100 days challenge. Its about taking baby steps and making small changes as you go along.

chevalier

my comments are in purple!

Tink_04 wrote: »

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 560
Partners monthly income after tax....... 950
Benefits................................ 550
Other income............................ 0 hopefully next time we see this there will mystery shopping money there, plus online surveys for you and OH.
Total monthly income.................... 2060

Monthly Expense Details
Mortgage................................ 458 interest only or repayment? can you take a payment holiday and put the money saved towards debts?
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 97 you can ask for this to be spread over 12 months not 10 to even things out.
Electricity............................. 37
Gas..................................... 47
Oil..................................... 0
Water rates............................. 26.88
Telephone (land line)................... 11
Mobile phone............................ 42 ouch can you ask to go down a tariff to the end of the contract, or else just go pay as you go. is this for 1 or two mobiles.
TV Licence.............................. 12
Satellite/Cable TV...................... 55 threaten to leave, and I bet they will drop this monthly price. or else just have the digibox for freeview channels and save this per months.
Internet Services....................... 0 is this in with the sky?
Groceries etc. ......................... 125 do you really only spend this a months with a little one in nappies. check back on your statements and tot up the supermarket spends for say 3 months and then divide by 3.
Clothing................................ 5 don't forget ebay for getting 'new' clothes for your little one and you. also often if you look on your local freecycle or freegle site, people are giving away clothes.
Petrol/diesel........................... 70
Road tax................................ 2.9 I think this is a typo could you check.
Car Insurance........................... 48.85 - DUE IN APRIL WILL BE 25 SO SHOULD DROP! Yeah is this just for one car? might be worth looking around now so you know what you will be paying. Also if you can pay it in one lump sum this sometimes saves you money too.
Car maintenance (including MOT)......... 7
Car parking............................. 0
Other travel............................ 44 can this be done cheaper?
Childcare/nursery....................... 449.15 - GOING UP AGAIN IN APRIL SO WILL NEED TO RE ADJUST why will this go up? can you get child care vouchers of both of your employers to help with this.Can a relative have your little one for 1 of these days to help out?
Other child related expenses............ 0 so no going to play group, or soft play areas at all?
Medical (prescriptions, dentist etc).... 0So you never get sick ever in a whole year?
Pet insurance/vet bills................. 9
Buildings insurance..................... 30.12 - JUST RENEWED IS NOW £24.15 + £40 CASH BACK THROUGH QUIDCO
Contents insurance...................... 0-IN WITH THE BUILDINGS
Life assurance ......................... 35 Is this the cheapest that you can get it seems pretty high as you are still young
Other insurance......................... 9 - TV COVER check that cover insn't included with your contents cover, why would you need separate?
Presents (birthday, christmas etc)...... 20 - NEED TO ADD MORE TO THIS
Haircuts................................ 5 really?
Entertainment........................... 0so no birthday parties for your child, no parents birthday parties, nothing? Your budget should be realistic
Holiday................................. 10
Emergency fund.......................... 0maybe you could put half any extra money you will make (see i have faith:D) towards this
Total monthly expenses.................. 1655.9


Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 91500


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 97000....(458)......0
Total secured & HP debts...... 97000.....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
egg............................560.......15....... .0
halifax OD.....................490.......15........0
Natwest CC.....................980.......50........0
Halifax........................5000......160...... .0 - THIS HAS PPI ON THAT I HAD NO IDEA ABOUT there are threads on here about how to reclaim this. It is pretty straight forward.
HSBC loan......................2000......100.......0
Total unsecured debts..........9030......340.......-


Monthly Budget Summary
Total monthly income.................... 2,060
Expenses (including HP & secured debts). 1,655.9
Available for debt repayments........... 404.1
Monthly UNsecured debt repayments....... 340
Amount left after debt repayments....... 64.1 I am not sure that this is actually something you see at the end of each month? If not then you need to both be doing a spending diary to see where your money is going.

Personal Balance Sheet Summary
Total assets (things you own)........... 91,500
Total HP & Secured debt................. -97,000
Total Unsecured debt.................... -9,030
Net Assets.............................. -14,530

Hope these suggestions help a bit
chev

abba1772

HI Tink

hope your well and well done on your LBM

I know it's frustrating to think you're not getting anywhere but bear in mind it takes a long time to get in debt and a long to time to get out of it but once you have the determination you're whole mindset changes and you';ll be turning down things to buy that you thought you couldn't live without x x x

Tink_04

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

Monthly Income Details
Monthly income after tax................ 560
Partners monthly income after tax....... 950
Benefits................................ 550
Other income............................ 0 hopefully next time we see this there will mystery shopping money there, plus online surveys for you and OH. note to self - look at mystery shopping thread!!!
Total monthly income.................... 2060

Monthly Expense Details
Mortgage................................ 458 interest only or repayment? can you take a payment holiday and put the money saved towards debts? Interest only and i dont want to take a payment break as not long had a mat payment break and you end up paying it back just the same would rather keep it incase i ever needed to miss a month!
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 97 you can ask for this to be spread over 12 months not 10 to even things out. dont mind paying 10 months as we get the break to pay for things that need it or now can put towards debt!
Electricity............................. 37
Gas..................................... 47
Oil..................................... 0
Water rates............................. 26.88
Telephone (land line)................... 11
Mobile phone............................ 42 ouch can you ask to go down a tariff to the end of the contract, or else just go pay as you go. is this for 1 or two mobiles. its for 2 phones both in contract
TV Licence.............................. 12
Satellite/Cable TV...................... 55 threaten to leave, and I bet they will drop this monthly price. or else just have the digibox for freeview channels and save this per months. still in contract with sky
Internet Services....................... 0 is this in with the sky?
Groceries etc. ......................... 125 do you really only spend this a months with a little one in nappies. check back on your statements and tot up the supermarket spends for say 3 months and then divide by 3. i honestly spend £125 but not on nappies or toiletries for DD as i buy them in asda baby events etc when i get my CB but £125 pays for all food and cleaning stuff etc
Clothing................................ 5 don't forget ebay for getting 'new' clothes for your little one and you. also often if you look on your local freecycle or freegle site, people are giving away clothes.
Petrol/diesel........................... 70
Road tax................................ 2.9 I think this is a typo could you check. its £35 a year
Car Insurance........................... 48.85 - DUE IN APRIL WILL BE 25 SO SHOULD DROP! Yeah is this just for one car? might be worth looking around now so you know what you will be paying. Also if you can pay it in one lump sum this sometimes saves you money too.
Car maintenance (including MOT)......... 7
Car parking............................. 0
Other travel............................ 44 can this be done cheaper?
Childcare/nursery....................... 449.15 - GOING UP AGAIN IN APRIL SO WILL NEED TO RE ADJUST why will this go up? can you get child care vouchers of both of your employers to help with this.Can a relative have your little one for 1 of these days to help out? no one to watch DD at all and our work does not do vouchers so there is no other way really
Other child related expenses............ 0 so no going to play group, or soft play areas at all? lol forgot that
Medical (prescriptions, dentist etc).... 0So you never get sick ever in a whole year? mine and DD perscriptions are free and DH pays for his own
Pet insurance/vet bills................. 9
Buildings insurance..................... 30.12 - JUST RENEWED IS NOW £24.15 + £40 CASH BACK THROUGH QUIDCO
Contents insurance...................... 0-IN WITH THE BUILDINGS
Life assurance ......................... 35 Is this the cheapest that you can get it seems pretty high as you are still young to be honest i havnt looked in 3 years
Other insurance......................... 9 - TV COVER check that cover insn't included with your contents cover, why would you need separate?
Presents (birthday, christmas etc)...... 20 - NEED TO ADD MORE TO THIS this is what i currently save in vouchers with work - havnt got much else of a play yet
Haircuts................................ 5 really? £20 for mine £5 each for DH and DD - it isnt cut every month so i just guessed lol
Entertainment........................... 0so no birthday parties for your child, no parents birthday parties, nothing? Your budget should be realistic havnt got that far yet either!!!
Holiday................................. 10
Emergency fund.......................... 0maybe you could put half any extra money you will make (see i have faith) towards this
Total monthly expenses.................. 1655.9


Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 91500


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 97000....(458)......0
Total secured & HP debts...... 97000.....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
egg............................560.......15....... .0
halifax OD.....................490.......15........0
Natwest CC.....................980.......50........0
Halifax........................5000......160...... .0 - THIS HAS PPI ON THAT I HAD NO IDEA ABOUT there are threads on here about how to reclaim this. It is pretty straight forward.
HSBC loan......................2000......100.......0
Total unsecured debts..........9030......340.......-


Monthly Budget Summary
Total monthly income.................... 2,060
Expenses (including HP & secured debts). 1,655.9
Available for debt repayments........... 404.1
Monthly UNsecured debt repayments....... 340
Amount left after debt repayments....... 64.1 I am not sure that this is actually something you see at the end of each month? If not then you need to both be doing a spending diary to see where your money is going.

Personal Balance Sheet Summary
Total assets (things you own)........... 91,500
Total HP & Secured debt................. -97,000
Total Unsecured debt.................... -9,030
Net Assets.............................. -14,530


Ok added some comments back in red chevalier!!! can you tell im such a beginner??? its all so new and i really have very little clue of where to start i feel like i need a note pad and pen (and maybe more tea?) to get my self 100% straight. Just feel like i dont have enough time between work house and DD but must make time!!! Thanks for your comments i really appreciate them!