Putting it down on paper...and making a plan (arrrghh!!)

chevalier

will wait for the SOA with interest. I would suggest that not smoking for your daughter is the biggest motivator there is

skyvicky123

Thanks Chevalier, yes this is a very big motivator, however we do not smoke in the house and not around her. I appreciate that it does still have an impact on her. However it is easier said than done. We both are planning on stopping again tomorrow. I haven't had any today.

On the subject of the SOA. I need to re-do but it's tricky as due to increasing nursery fees from July it will change again then. I have done it recently but due to changes in a few things and reduced other areas I need to sit down and re-do. Will try and get this done this afternoon.

We do have quite a significant surplus, and for the last 2 months I have managed to re-create that in real life too for a change, hence have cleared 2 debts off now.

Thanks for popping in x

skyvicky123

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................ 949 (is actually £1110 but will start paying childcare vouchers out at source from nxt mth)
Partners monthly income after tax....... 2548 (This amount is after childcare vouchers deducted at source)
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 3577
Monthly Expense Details
Mortgage................................ 1180
Secured/HP loan repayments.............. 288
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 132
Electricity............................. 28
Gas..................................... 54
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 18 (this includes BB - was higher last mth as went over download limit)
Mobile phone............................ 28 (can't change at all til Jun 2012 then will go PAYG)
TV Licence.............................. 12.12
Satellite/Cable TV...................... 42 (OH dad paid for extra package so he could use on sky player in Cyprus) but we spent the cash:mad:
Internet Services....................... 0
Groceries etc. ......................... 300 (am working on reducing but already have done by at kleast £200 PM so little steps, plus still buying nappies until Easter)
Clothing................................ 50 (see earlier post, budgeting to sort DD summer clothes, plus OH needs shoes)
Petrol/diesel........................... 120 (can't reduce as is all work travel, use OH car otherwise which is free personal fuel)
Road tax................................ 10
Car Insurance........................... 28
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 9.08
Buildings insurance..................... 7.5
Contents insurance...................... 7.5
Life assurance ......................... 28
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 (lots at the minute)
Haircuts................................ 0 (would pay 4 these at out entertainment)
Entertainment........................... 210 (includes OH beer money, takeaways, eating out, DD clubs)
Holiday................................. 0
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
cleaner................................. 80 (sorry, having a cleaner has changed my life - I am a happier person for now the state of the house doesn't drag me down so it's worth it for me)

- INSERT

Fromy July I will have to pay further £160 out for nursery until January when we get out 15 hours.

Total monthly expenses.................. 2713.2

Assets
Cash.................................... 0
House value (Gross)..................... 160000 (big neg equity, bought top of market on new housing estate = double whammy)
Shares and bonds........................ 0
Car(s).................................. 6000
Other assets............................ 0
Total Assets............................ 166000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 189000...(1180).....6.29 - Rate drops to 4.29 SVR in July
Secured Debt.................. 2000.....(288)......11.7
Total secured & HP debts...... 191000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
car loan.......................10000.....205.......8.9
mbna vw........................1475......25........0
mbna cw........................6742......65........0
overdraft......................1500......5.........0
tv.............................1500......0.........0
(Unnamed debt).................0.........0.........1
creation.......................1590......62.5......0
Total unsecured debts..........22807.....362.5.....-

Monthly Budget Summary
Total monthly income.................... 3,577
Expenses (including HP & secured debts). 2,713.2
Available for debt repayments........... 863.8
Monthly UNsecured debt repayments....... 362.5
Amount left after debt repayments....... 501.3 Last 2 months I have had this and more left over.

Personal Balance Sheet Summary
Total assets (things you own)........... 166,000
Total HP & Secured debt................. -191,000
Total Unsecured debt.................... -22,807
Net Assets.............................. -47,807

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

skyvicky123

I have been to Lidl and snapped up 2 packs of beef mince @ 99p each on offer, pair of wellies (needed and planned - plus just £5.99 so considerably the cheapest I have seen) Plus more bacon bits as theirs are good quality and cheap, milk, 2 lots of spread for baking and sandwiches, veg oil (they are actually more expensive than Tesco but needed it), butter plus a few other bits which we did need...trying to think what they were now *goes to have a look* no that was it.

So we met some friends at the pub this avo. Kids love it as they have a small soft play area. The food is average at best and we know that so why can't I say no to eating out??? We could easily have said no to food and just had a drink but oh no - we go and blow the best part of £40 in total when we could have got away with £15 for drinks and a meal for DD.

I think it comes back to that worry of upsetting people. I didn't want the other couple who were eating to feel awkward as they wanted food. Also, I couldn't face cooking a roast and then clearing up the mess at home. Have whacked the chicken in the freezer for another day.

Feel a bit of a failure now as I am back to overstocked freezers and fridge, only £20 in my purse for the week...bad times.

Maybe if I write a list of everything I have in and start a longer term meal plan I will feel better?? No motivation now though:(

Plus side though we are giving up smoking again tomorrow. Gonna slap a patch on OH b4 bed and go for it!

Lemon_Tree

on the question of should you be saving whilst you have debts the key thing here is that you're budgetting not saving. If you could put aside monthly for the annual costs this will stop you landing in the mire when the annual bills come around. I've never considered my bills, car, insurance, christmas accounts as being savings accounts in the purest sense of the world it's just me being organised.

mum2one

sounds like your going great guns, I've done the same with DD and clothes brought wack in advance then she has growth spurts (shes 8 1/2), some gets ebayed, but half the time its too much hassle, the rest goes down to her bst mate, same age, but shes smaller, were away at easter, so was organised and did a list of what we needed, hit Peacocks and Primark for most of the clothes, then Shoe zone for muck about sandals etc, - If theres a sale rail i'm there. Best bargain was 2 prs of shorts 10p - did the trick.

xx

mum2one

skyvicky123 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................ 949 (is actually £1110 but will start paying childcare vouchers out at source from nxt mth)
Partners monthly income after tax....... 2548 (This amount is after childcare vouchers deducted at source)
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 3577
Monthly Expense Details
Mortgage................................ 1180
Secured/HP loan repayments.............. 288
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 132
Electricity............................. 28
Gas..................................... 54 - that seems really high, are the bills estimated or meter read, may be worth keeping an eye on it
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 18 (this includes BB - was higher last mth as went over download limit)
Mobile phone............................ 28 (can't change at all til Jun 2012 then will go PAYG) - can you ask them to downgrade you a banding,
TV Licence.............................. 12.12
Satellite/Cable TV...................... 42 (OH dad paid for extra package so he could use on sky player in Cyprus) but we spent the cash:mad:
Internet Services....................... 0
Groceries etc. ......................... 300 (am working on reducing but already have done by at kleast £200 PM so little steps, plus still buying nappies until Easter)
Clothing................................ 50 (see earlier post, budgeting to sort DD summer clothes, plus OH needs shoes)
Petrol/diesel........................... 120 (can't reduce as is all work travel, use OH car otherwise which is free personal fuel)
Road tax................................ 10
Car Insurance........................... 28
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 9.08
Buildings insurance..................... 7.5
Contents insurance...................... 7.5
Life assurance ......................... 28
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 (lots at the minute)
Haircuts................................ 0 (would pay 4 these at out entertainment)
Entertainment........................... 210 (includes OH beer money, takeaways, eating out, DD clubs) - good selection covered under entertainment, - but this could b shaved down gradually,
Holiday................................. 0
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
cleaner................................. 80 (sorry, having a cleaner has changed my life - I am a happier person for now the state of the house doesn't drag me down so it's worth it for me)

- INSERT

Fromy July I will have to pay further £160 out for nursery until January when we get out 15 hours.

Total monthly expenses.................. 2713.2

Assets
Cash.................................... 0
House value (Gross)..................... 160000 (big neg equity, bought top of market on new housing estate = double whammy)
Shares and bonds........................ 0
Car(s).................................. 6000
Other assets............................ 0
Total Assets............................ 166000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 189000...(1180).....6.29 - Rate drops to 4.29 SVR in July
Secured Debt.................. 2000.....(288)......11.7
Total secured & HP debts...... 191000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
car loan.......................10000.....205.......8.9
mbna vw........................1475......25........0
mbna cw........................6742......65........0
overdraft......................1500......5.........0
tv.............................1500......0.........0
(Unnamed debt).................0.........0.........1
creation.......................1590......62.5......0
Total unsecured debts..........22807.....362.5.....-

Monthly Budget Summary
Total monthly income.................... 3,577
Expenses (including HP & secured debts). 2,713.2
Available for debt repayments........... 863.8
Monthly UNsecured debt repayments....... 362.5
Amount left after debt repayments....... 501.3 Last 2 months I have had this and more left over.

Personal Balance Sheet Summary
Total assets (things you own)........... 166,000
Total HP & Secured debt................. -191,000
Total Unsecured debt.................... -22,807
Net Assets.............................. -47,807

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

the positive is that you have a plus balance, and your looking at budgeting for all items, reall good base their sorted.

Try cash back sites when its insurance renewals, xmas, bday prsents, theres a lot of threads that help you save and spnd wisely, (bargaining hunting), making food hampers, gift sets etc can save a fortune.xx

vka1

Loving your lists! So good to realise progress is possible and mark those achievements,

V

skyvicky123

Thanks for all the posts guys. It's true that it really does spur you on to know that others are reading.

Mum2one - thanks for your advice, re; mobile contract I will try ringing them but checked online and I can't change til June 2012. I did get a PS3 as part of the contract which i sold on Ebay BN so I can't complain too much.

Gas is prob high due to the winter, hopefully I can reduce it now the heating is off.

Entertainment budget will get reduced, but tends to cover all incidentals and therefore seems to disappear. Need to keep an eye on it.

Lemon Tree - think you're right - it's not really saving, just budgeting so is a good idea. Thanks

VKA - Yes, lists are the way forward!!

Finally - we are off the fags today and I have a good feeling this time!

skyvicky123

Why have I just ordered a pizza to share with someone at work?? Why can't I say no to people?? I just didn't feel like I could because I knew she couldn't order without me. I should have left my purse at home but working so far away from home I worry in case of emergency.

Ps...I have just applied for a new job which sounded really interesting and is really local. I could even cycle!! Oh how nice that would be! Am not very qualified for it though, perhaps even over-qualified in another area. The money will be a lot less and it would be FT but still...we can only wait and find out! Am excited about this.