HELP, I need some advice

dancingfairy

Hi and welcome :hello:. Can you reduce your phone expenses at all - can you break this down into line rental/ call and mobile costs for us. Can you go on a contract - is this cheaper?

Also your car is a big expense- can you use public transport? do you need a car for your business? Can you find a cheap place to top up with fuel and use this to cut some costs? Maybe using Tesco if you shop there and then you can earn money off your food bill? Also you haven't included car tax/MOT's

Is there any way you can increase your income at all? Is the business going to take off suddenly in a massive way?

Is clothing per month or per week?

Birthdays/haircuts/ christmas - how much do these cost you?

The fuller the SOA the better the advice is.

lynzpower

could you get a part time or even full time job? If your business isnt hitting minimum wage, how long can you sustain yourself for?

happyhair

thanks for the replys and advice.

here is my toal debt and what I am paying a month:
£24887.36 - paying £603 off per month

weekly payments changed to monthly:

hobbies: £25.98 per month
Food: £64.95 per month
Elec; £43.30 per month

With regards to mobile costs, my bill is £25.00 per month including rental this is on a contract phone, the contract is up next tuesday so am looking change to a better rate.

Fuel cost, well i would love to get public transport to work, but I would have to catch 2 buses starting at 7am to get the next bus at 7.35am to get to work for 8.45. This would cost me 6.00 a day for a daytripper ticket. I live only 16 miles from work but live on the outskirts of a town. I did look into getting the bus from friday last week, as my car tax was due, but it would cost me alot more then petrol does and adds 4 hours on to my day.
my business is getting busier, all retail this year has been quiet.

As for hair & beauty treatments, I pay nothing for, as that is what I do for a living.

car tax and MOT a month £20.00 per month

lynzpower

happy hair

you need to dop a FULL soa.

use martins budget planner
we need to see debts, and thier aprs too, your income and every one of your outgoings seperately in a list. have a good read of southern scousers sticky

Dont worry, we'll all be here to help theres no rush and no panic deep breath....

happyhair

with regards to christmas, birthdays etc, my family know I cannot afford presents at the moment. i do there hair or beauty treatment free, as they live 150 miles from me.

I am looking in the new year to get another part time job in the evening.

happyhair

thanks, i will get a full and better soa done this week.
i am just overwhelmed by the replys I am getting. i am off out doing my 2nd self employed job tonight, so if not replying for a couple of hours thats why.

lynzpower

thats OK, theres usually someone here 24-7

theres no point in rushing a SOA, you need to know where you stand before undertaking anything