Want to be debt free

GlasweJen

Household Information[/b]
Number of adults in household........... 1


Monthly Income Details
Monthly income after tax................ 983
Partners monthly income after tax....... 0
Benefits................................ 595
Other income............................ 0
Total monthly income.................... 1578

Monthly Expense Details

Rent.................................... 350
Council tax............................. 98
Electricity............................. 25
Gas..................................... 15
Telephone (land line)................... 20
Mobile phone............................ 80
TV Licence.............................. 6
Groceries etc. ......................... 100
Clothing................................ 20
Other travel............................ 165
Medical (prescriptions, dentist etc).... 10
Contents insurance...................... 15
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 25
Emergency fund.......................... 0
Total monthly expenses.................. 949


Unsecured Debts
Description....................Debt......Monthly...APR
tesco visa card................250.......25........19.9
bank of scotland card..........1251.02...40........17.9
overdraft......................703.34....33........0
Total unsecured debts..........2204.36...98........-


Monthly Budget Summary
Total monthly income.................... 1,578
Expenses (including HP & secured debts). 949
Available for debt repayments........... 629
Monthly UNsecured debt repayments....... 98
Amount left after debt repayments....... 531

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,204.36
Net Assets.............................. -2,204.36

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.[/font]

GlasweJen

Ok so I know how I got into debt,

the credit card I used to pay uni fees thinking that I could pay them off but inevitably bought silly things on it, tesco card is basically the same and the overdraft is money my sister begged to borrow but has never paid back.

Where should I start with the repayments? I was thinking of moving the big credit card to a 0% on balance transfers card if I can while I chip away at it, is this a good idea?

CH27

Do you really spend £80 per month on your mobile?

chrisfreelander54

CH27 wrote: »

Do you really spend £80 per month on your mobile?

My thinking to, £80 a month on a mobile?????????

Surely this is a typo......

kingfisherblue

If you have £531 left each month, you could pay the Tesco card off straight away and still make an overpayment on your Bank of Scotland card.

beanielou

The question is do you really have £531 left per month??
I guess you dont so you need to start a spending diary to see where your £££'s go.
Anything you could ebay/car boot to pay off the small credit card?
Tell your sister you want something towards the OD even if it's only £5 a month.

GlasweJen

I don't know how much I have left at the end of the month really because I've just moved house so I'm basing the bills on the previous tenants estimates of what they paid with the same provider.

£80 a month on the mobile is 2 mobiles and a pager, i always need to be contactable in case a new heart comes up so I have a phone on 2 networks (one 02, one orange).

I expect I'll have less after I factor in costs of meals on wheels type things and carers costs but I'll not know how much they are until social services get back to me on it.

jennikitten

GlasweJen wrote: »

£80 a month on the mobile is 2 mobiles and a pager, i always need to be contactable in case a new heart comes up so I have a phone on 2 networks (one 02, one orange).

If they're contacting you, can't you make at least one of them a pay as you go phone?

beanielou

Do you get DLA?

GlasweJen

Yeah I included the DLA up the topunder benefits, having a PAYG is a good plan does anyone know of any good deals with pay as you go?

beanielou

Tesco are good.