can someone see if i can do things different???

sajaralu

[]Statement of Affairs and Personal Balance Sheet[/b]
Household Information
Number of adults in household........... 3
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 2900
Other income............................ 0
Total monthly income.................... 2900
Monthly Expense Details
Mortgage................................ 817
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 20
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 64
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 21
Satellite/Cable TV...................... 57
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 20
Petrol/diesel........................... 250
Road tax................................ 15
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).... 0
Pet insurance/vet bills................. 15
Buildings insurance..................... 50
Contents insurance...................... 0
Life assurance ......................... 45
Other insurance......................... 20
Presents (birthday, christmas etc)...... 20
Haircuts................................ 5
Entertainment........................... 40
Holiday................................. 10
Emergency fund.......................... 20
Total monthly expenses.................. 2127

Assets
Cash.................................... 0
House value (Gross)..................... 210000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 215000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(817)......0
Total secured & HP debts...... 96000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
g p...................11232.....288.......0
j m...................13000.....344.......0
citroen........................6000......160.......0
n m................4000......100.......0
smile..........................421.......10........0
barclaycard....................1000......34........0
hitachi........................0.........117.......0
Total unsecured debts..........35653.....1053......-

Monthly Budget Summary
Total monthly income.................... 2,900
Expenses (including HP & secured debts). 2,127
Available for debt repayments........... 773
Monthly UNsecured debt repayments....... 1,053
Amount short for making debt repayments. -280
Personal Balance Sheet Summary
Total assets (things you own)........... 215,000
Total HP & Secured debt................. -96,000
Total Unsecured debt.................... -35,653
Net Assets.............................. 83,347
this is my soa .I have ME and am currently very depressed due to a lot of family issues.Im also in a lot of debt.can someone help me out.or maybe reassure me.

thanks

RAS

Hi

Do you have the names of real people to whom you owe money listed above? if so, please hit the edit button and just use initials.

Are the citreon and hitachi debts car-related? If so are the secured loans?

You need to put the APRs on the debts as well, as this matters a lot.

rdchick

sajaralu wrote: »

[]Statement of Affairs and Personal Balance Sheet[/b]
Household Information
Number of adults in household........... 3
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0 What are the other 2 adults in the family doing?
Benefits................................ 2900
Other income............................ 0
Total monthly income.................... 2900
Monthly Expense Details
Mortgage................................ 817
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 20
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 64 Seems rather high?
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 21
Satellite/Cable TV...................... 57 can you cut this down a bit?
Internet Services....................... 0
Groceries etc. ......................... 500 perhaps reduce this by buying less brands, stocking up etc?
Clothing................................ 20
Petrol/diesel........................... 250 reduce this? who uses it and for what? - no one's working...
Road tax................................ 15
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).... 0
Pet insurance/vet bills................. 15
Buildings insurance..................... 50
Contents insurance...................... 0
Life assurance ......................... 45
Other insurance......................... 20
Presents (birthday, christmas etc)...... 20
Haircuts................................ 5
Entertainment........................... 40
Holiday................................. 10 is this necessary?
Emergency fund.......................... 20
Total monthly expenses.................. 2127

Assets
Cash.................................... 0
House value (Gross)..................... 210000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 215000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(817)......0
Total secured & HP debts...... 96000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
gerald pacey...................11232.....288.......0
jaques mawas...................13000.....344.......0
citroen........................6000......160.......0
nicolette mawas................4000......100.......0
smile..........................421.......10........0
barclaycard....................1000......34........0
hitachi........................0.........117.......0
Total unsecured debts..........35653.....1053......-

Monthly Budget Summary
Total monthly income.................... 2,900
Expenses (including HP & secured debts). 2,127
Available for debt repayments........... 773
Monthly UNsecured debt repayments....... 1,053
Amount short for making debt repayments. -280
Personal Balance Sheet Summary
Total assets (things you own)........... 215,000
Total HP & Secured debt................. -96,000
Total Unsecured debt.................... -35,653
Net Assets.............................. 83,347
this is my soa .I have ME and am currently very depressed due to a lot of family issues.Im also in a lot of debt.can someone help me out.or maybe reassure me.

thanks

A few things, just worried that there are 2 adults in your house not working.. why's that?

iamana1ias

sajaralu wrote: »

[]Statement of Affairs and Personal Balance Sheet[/b]
Household Information
Number of adults in household........... 3
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0 No-one working at all? Why not?
Partners monthly income after tax....... 0 as above
Benefits................................ 2900
Other income............................ 0
Total monthly income.................... 2900 Not even going there
Monthly Expense Details
Mortgage................................ 817
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 20
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 64
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 21
Satellite/Cable TV...................... 57 You're kidding, right?
Internet Services....................... 0
Groceries etc. ......................... 500 You're kidding, right?
Clothing................................ 20
Petrol/diesel........................... 250 Where the hell are you going to spend this on petrol?
Road tax................................ 15
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).... 0
Pet insurance/vet bills................. 15
Buildings insurance..................... 50
Contents insurance...................... 0
Life assurance ......................... 45
Other insurance......................... 20
Presents (birthday, christmas etc)...... 20
Haircuts................................ 5
Entertainment........................... 40 What's this?
Holiday................................. 10 Where is this if you have no cash/savings?
Emergency fund.......................... 20 Where is this if you have no cash/savings?
Total monthly expenses.................. 2127

Assets
Cash.................................... 0
House value (Gross)..................... 210000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 215000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(817)......0
Total secured & HP debts...... 96000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
gerald pacey...................11232.....288.......0
jaques mawas...................13000.....344.......0
citroen........................6000......160.......0
nicolette mawas................4000......100.......0
smile..........................421.......10........0
barclaycard....................1000......34........0
hitachi........................0.........117.......0
Total unsecured debts..........35653.....1053......-

Monthly Budget Summary
Total monthly income.................... 2,900
Expenses (including HP & secured debts). 2,127
Available for debt repayments........... 773
Monthly UNsecured debt repayments....... 1,053
Amount short for making debt repayments. -280
Personal Balance Sheet Summary
Total assets (things you own)........... 215,000
Total HP & Secured debt................. -96,000
Total Unsecured debt.................... -35,653
Net Assets.............................. 83,347
this is my soa .I have ME and am currently very depressed due to a lot of family issues.Im also in a lot of debt.can someone help me out.or maybe reassure me.

thanks

Comments in purple.

**Goes for a lie down in a dark room**

NeverAgain_2

I am surprised you are being paid £2,900 in benefits to live in a £215,000 house in which you have £120,000 equity.

I'd keep quiet about that, because any benefits re-assessment is likely to be downwards.

mazy_m

Hey there....do you really need a car it's costing you a crazy amount of your income each month!!

As for Sat TV, Ent, holidays etc then if you have no money they have to be forfeited there's no getting around that. Have a look at the grocery challenge boards and you'll be able to reduce your grocery shopping that's a crazy amount to spend a month.

What do the other two adults in the house do could one of them not get a job or a part time job etc to supplement your income? What size house do you live in? Is there a spare room that you could pehaps rent out to a lodger (even if this means the two children sharing....many families have no choice but for the kids to share)

I hope there's some helpful answers for you on here. You can get through it but you need help from your family also that means the adults need to step up to the mark. Is there any way you could earn a bit of money from home do you have any skills etc in terms of reading, writing anything you could utilise?

Keep your chin up !!
Maz xx

[Deleted User]

sajaralu wrote: »

[]Statement of Affairs and Personal Balance Sheet[/b]
Household Information
Number of adults in household........... 3
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 0 Are none of the three adults in the house working and contributing to the household?
Partners monthly income after tax....... 0
Benefits................................ 2900 Are you claiming all that you are entitled to?
Other income............................ 0
Total monthly income.................... 2900

Monthly Expense Details
Mortgage................................ 817
Council tax............................. 20
Electricity............................. 45 perhapse both this and below are a little on the high side, but neither is excessive - try comparing different suppliers and see if you can get a cheaper tariff? (eg USwitch), and if switching is worthwhile, see if there are any incentives through one of the cashback sites (eg Quidco, topcashback, onepollcashback etc)
Gas..................................... 45 as above
Water rates............................. 64 This is very high? Are you in arrears? If so when will they be fully repaid. if not in arrears, try monitoring usage and cutting back.
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 21 when will this reduce to the usual £12.37?
Satellite/Cable TV...................... 57 I think you can't afford this right now, you can get home phone and internet for approx £20-£25 pm (eg Talktalk)
Internet Services....................... 0
Groceries etc. ......................... 500 this is very high, I appreciate there are a lot of you but I am sure that you can cut back here -batch cook, meal plan, drop brands, try lidl/aldi, visit the old style board on here for some cheap recipies and cheap grocery shopping - also take a ook at this websire for feeding a family of 4 a nutritionally balanced diet for £100 pm - you just need to adjust the quantities for more people: http://www.cheap-family-recipes.org.uk/
Clothing................................ 20 buy essentials only, look at e-bay and charity shopps
Petrol/diesel........................... 250 this is very high, is there any way to cut back. Where possible combine journeys
Road tax................................ 15
Car Insurance........................... 28
Car maintenance (including MOT)......... 20
Pet insurance/vet bills................. 15
Buildings insurance..................... 50 this is quite high, shop around when you are ready to renew
Contents insurance...................... 0
Life assurance ......................... 45
Other insurance......................... 20 what's this for?
Presents (birthday, christmas etc)...... 20 perhapse reduce for now - try buying things throughout the year for birthdays and christmases - in sales, from the grab it board on this site, when tere are deals and offers on etc
Haircuts................................ 5
Entertainment........................... 40 what does this cover?
Holiday................................. 10 not sure that you can afford a holiday at the moment
Emergency fund.......................... 20
Total monthly expenses.................. 2127

Assets
Cash.................................... 0 where's the £20 monthly emergency fund?
House value (Gross)..................... 210000
Car(s).................................. 5000 Do you really need a car at the moment? Would public transport be an option? If you could sell the car you would be saving hundreds in monthly running costs as well as being able to sell the car to pay off a chunk of debts
Total Assets............................ 215000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(817)......0 What's the APR?
Total secured & HP debts...... 96000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR Need to know the APR's? Are the payments you have written down the minimums that you are allowed to pay towards your debts?
gerald pacey...................11232.....288.......0
jaques mawas...................13000.....344.......0
citroen........................6000......160.......0
nicolette mawas................4000......100.......0
smile..........................421.......10........0
barclaycard....................1000......34........0
hitachi........................0.........117.......0 How much is outstanding here?
Total unsecured debts..........35653.....1053......-

Monthly Budget Summary
Total monthly income.................... 2,900
Expenses (including HP & secured debts). 2,127
Available for debt repayments........... 773
Monthly UNsecured debt repayments....... 1,053
Amount short for making debt repayments. -280 How have you been managing up until now? Are you currently getting £280 further in to debt every month?

I suggest that you cancel pay for TV (saving: £27), shaving £150 off groceries, reduce clothing to £10, halving your entertainment (saving £20), cutting holiday (saving £10), halving presents (saving £10), halving emergency fund (saving £10), and when your TV license reverts to the usual £12.37 you'll save a further £7. All these savings combined will mean that you only have £34 left to find - so perhapse you could try and shave a little off petrol, water bill, and by shifting yout utilities around (gas/electric)?

If you find that you can't manage to get your income to meet your expenditure, or if your current income is unlikely to increase any time soon (I think that you can make short term cutbacks,, but they may not be sustainable in the long term), then I would strongly sugget that you seek advice from one of the free debt charities before your situation gets worse (which it will unfortunately if you go £280 further in to debt every month). Try CCCS, Cab, National debtline - they'll give you free, impartial and non-judgemental advice on how to talkle your surrent situation and debts.

Personal Balance Sheet Summary
Total assets (things you own)........... 215,000
Total HP & Secured debt................. -96,000
Total Unsecured debt.................... -35,653
Net Assets.............................. 83,347
this is my soa .I have ME and am currently very depressed due to a lot of family issues.Im also in a lot of debt.can someone help me out.or maybe reassure me.

thanks

Comments above, I hope that at least some of them will be of use to you, and I'd stronglt recommend that you contact one of the debt charities to prevent your situation getting worse.

HTH

D9

CH27

deleted.....

rdchick

CH27 wrote: »

deleted.....

wha?! Whatcha delete?!

sajaralu

I suffer from ME and depression ,My husband has a degenerative back problem and we look after our 3 autistic children(1 is 18).hence the benefits and not being able to work.
we need the car as my other autistic daughter is in sheltered accomadation and we have to take her places.also autistic daughter 2 has to be taken to school by car or she wouldnt attend.
I have equity on the house.i do not do things illegally .they have always known that.
satellite includes tv,telephone and broadband.
water is not on a meter.can it be cut down?

[Deleted User]

sajaralu wrote: »

I suffer from ME and depression ,My husband has a degenerative back problem and we look after our 3 autistic children(1 is 18).hence the benefits and not being able to work.
we need the car as my other autistic daughter is in sheltered accomadation and we have to take her places.also autistic daughter 2 has to be taken to school by car or she wouldnt attend.
I have equity on the house.i do not do things illegally .they have always known that.
satellite includes tv,telephone and broadband. cut out the TV element - you can watch plenty on freeview, or consider freesat as an alternative - you can get home phone and internet for apprx £20-25pm
water is not on a meter.can it be cut down?

A meter might work out cheaper, it seems high to me, but perhapse someone else can advise on whether or not it would work out cheaper (there are only 2 of us in our house) - the benifit of being on a meter would be that you are only charged for what you use - it depends how economical with water usage you could be as to whether it would work out cheaper (baths/showers/washing machine/dishwasher/garden etc)

D9