Trying to get debt free...

xx_Jo_xx

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household...................... 1
Number of children in household.................... 1
Number of cars owned................................ 1
Monthly Income Details..
Monthly income after tax........................ 572
Partners monthly income after tax............ 0
Benefits............................................... 974
Other income........................................ 20 (This is maintenence and isnt always regular.)
Total monthly income.......................... 1566

Monthly Expense Details
Rent.......................................................... 550
Council tax................................................... 77
Electricity.................................................... 40
Gas............................................................. 41
Oil............................................................... 0
Water rates................................................. 44
Telephone (land line)..................................... 24 (this includes internet and is contracted)
Mobile phone............................................... 35 (this is contracted - 12 months to go)
TV Licence.................................................. 12
Satellite/Cable TV.......................................... 0
Internet Services........................................... 0
Groceries etc. ............................................. 200
Clothing....................................................... 20
Petrol/diesel.................................................. 80
Road tax....................................................... 2.5
Car Insurance................................................ 34
Car maintenance (including MOT)...................... 10
Car parking.................................................... 0
Other travel................................................... 0
Childcare/nursery............................................ 0
Other child related expenses............................. 0
Medical (prescriptions, dentist etc).................... 12.9
Pet insurance/vet bills...................................... 0
Buildings insurance........................................... 0
Contents insurance......................................... 14
Life assurance ............................................... 20
Other insurance............................................... 0
Presents (birthday, christmas etc)...................... 20
Haircuts......................................................... 0
Entertainment................................................. 0
Holiday........................................................... 0
Emergency fund............................................... 0
Total monthly expenses.................................. 1236.4

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 8000
Other assets............................ 0
Total Assets............................ 8000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description......................Debt......Monthly...APR
Car loan.........................7500........174.........8
Barclaycard.....................3200.........65........29.9
Santander CC....................300..........5..........0
Next................................400.........33.........
Total unsecured debts....11400.....277.......-


Monthly Budget Summary
Total monthly income.................................... 1,566
Expenses (including HP & secured debts).......... 1,236.4
Available for debt repayments........................ 329.6
Monthly UNsecured debt repayments................ 277
Amount left after debt repayments.............. 52.6

Hi all,

Ive been trying to clear off my debts and not including my car, only CCs, store cards/accounts and Overdrafts the debt was £9490, which I have managed to reduce a lot. One overdraft which was £1550 has gone completely, as has a CC and a Littlewoods account.

Im feeling a bit demotivated now and thought now would be a good time to take stock of where I am and keep focussed on getting rid of my debt, now bringing the car into account.

Ive done a new statement of affairs, which I am not sure is right as I seem to be missing something... I dont overly struggle for money and have recently freed up £80 per month now that I am finished repaying my overdraft - but it says in black and white i only have £50pm... so it must be right. I need to repay an over payment made to me by £50 pm so all in all this looks like Ill have £2 left per month.. :eek:

I have just opened a new Credit Card with my bank to transfer £1500 of the balance from Barclaycard to 0% for 15 months. That will help free up some of the £65 per month.

Can anyone else help with some suggestions?

Many thanks in advance x