SOA - Please have a look.

Malky

OK, so you're not great with money and I'm sure many on here are in the same boat. Now that you've realised the extent of your money problems then now is the time to start learning and managing money. You are your OH need to get your heads together and sort this between you. Perhaps this is where you have gone wrong in the past just assuming your OH has everything under control when in fact you have been sinking further into debt because your OH was probably thinking the same thing.
How about getting CCCS or Payplan to help?

lita

Malky wrote: »

OK, so you're not great with money and I'm sure many on here are in the same boat. Now that you've realised the extent of your money problems then now is the time to start learning and managing money. You are your OH need to get your heads together and sort this between you. Perhaps this is where you have gone wrong in the past just assuming your OH has everything under control when in fact you have been sinking further into debt because your OH was probably thinking the same thing.
How about getting CCCS or Payplan to help?

Strangely enough I posted a thread about CCCS just before I started this one but it doesn't look like it would be beneficial to us (putting bad marks on credit reports when we need to move etc). I'm unsure as to what Payplan do so will definitely read up on them Thanks.

[Deleted User]

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.................... 2

Monthly Income Details
Monthly income after tax................ 1369 Any way to increase? Overtime Second job? Does the second adult not work at all? Maybe they could consider even part-time work?
Benefits................................ 220.35
Total monthly income.................... 1589.35

Monthly Expense Details
Mortgage................................ 288
Secured/HP loan repayments.............. 66.68
Council tax............................. 108 Are you paying this over the usual 10 months? Ask your council if you can spread over 12 instead.
Electricity............................. 33 Although neither are high - check regualrly (6-12 monthly) to ensure that you are on the cheapest tariff for your area - eg USwitch, and if switching is cheaper try one of the cashback sites (eg Onepoll cash back, Quidco, topcashback0
Gas..................................... 31 as above
Water rates............................. 15.6
Telephone (land line)................... 15
Mobile phone............................ 32.68 How many phones is this for? There are some good £10 pm deals to be had as SIM only or PAYG at the moment - might be worth a look when/if out of contract
TV Licence.............................. 12.37
Satellite/Cable TV...................... 12.25 You could consider Freesat or freeview
Internet Services....................... 17.5 Might get cheaper if you combine with home phone (approx £20 pm for both)
Groceries etc. ......................... 100
Clothing................................ 10
Petrol/diesel........................... 110
Road tax................................ 20
Car Insurance........................... 50
Car maintenance (including MOT)......... 5
Medical (prescriptions, dentist etc).... 10
Buildings insurance..................... 24.97
Life assurance ......................... 17.93
Presents (birthday, christmas etc)...... 25
Mortgage PPI............................ 44.53
CSA..................................... 144
Bank charges (for account benefits)..... 25 (This is £300 per year - do you use all the perks of this account? If so can you get them for cheaper than £300 per year?)
Pension................................. 32
Total monthly expenses.................. 1250.51


Assets
House value (Gross)..................... 115000
Car(s).................................. 1500
Total Assets............................ 116500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 85000....(288)......0<
Endowment......................0........(57.1).....0<
Endowment......................0........(9.58).....0
Total secured & HP debts...... 85000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card - Me...............1533......40........18.94
Credit Card - OH...............2521......53........21.9
Loan - Me......................4254......99.94.....20
Overdraft - Joint..............1000......7.........10.4
Overdraft - OH.................1500......25........19.3
Loan - OH......................11869.....263.3.....20
Total unsecured debts..........22677.....488.24....-


Monthly Budget Summary
Total monthly income.................... 1,589.35
Expenses (including HP & secured debts). 1,250.51
Available for debt repayments........... 338.84
Monthly UNsecured debt repayments....... 488.24
Amount short for making debt repayments. -149.4

Personal Balance Sheet Summary
Total assets (things you own)........... 116,500
Total HP & Secured debt................. -85,000
Total Unsecured debt.................... -22,677
Net Assets.............................. 8,823

Hi,
I've made some comments above - hopefully some them will be of use to you,

D9

Foggster

lita wrote: »

I have just change the insurance figure and car insurance as I was mistaken - £57.10 wasn't car insurance as I thought, it's for an endowment and the 44.53 is PPI not contents insurance!!! (have just managed to figure out where OH had hidden the paperwork for it all)

(Am going to attempt to reply to individual posts now!)

What is the PPI for?

Can you claim this back?