Chasing the debt free daydream...

Winnie_in_Pooh

Well I didn't scoop the jackpot last night (didn't even buy a ticket lol) so I'm still here!

Had a statement through from the car finance people yesterday, which I'm glad about but I was WAAAAAAY out with my balance estimate! Instead of £8k, its over £11k!! Plus according to the statement they've been adding on 38p a month in "late payment interest", erm !!!!!!? We pay by direct debit that was set up when we took the agreement out so DH has been given instructions to ring them up and get more info on that. I know its "only" 38p a month but thats MY 38p, not theirs!

Have been awake since 4.30am for the third time this week so I'm tired and really flagging. Just popped to Tesco for some potatoes and walked out with a bag full of biscuits and no potatoes, I'm such a liability when I go shopping without a list! Fox's crunch creams were on BOGOF though, far too hard for a pregnant me to resist!

Finally remembered to send off the tax credits renewal thingy that's been sitting on the stairs for a month. I really do need to get more organised!

DebtFree2012

Well done on sending the tax credits off and the spuds can wait - biccies are better!

I'd definitely be on the phone about the 38p! Without a doubt.

I need to call my gas and electric company to get them to reduce my monthly payment as we're using alot less now but they base it on last 12 months which was when I was on maternity leave and used loads. Will argue that one out with them.

My tax credits were taken off me now I am back to work

I too have been awake early, last night due to nightmares which sounds weird for a 30yr old woman - don't know what's caused that. Although I love the summer it seems wrong going to sleep in the light and waking in the light!

x

Winnie_in_Pooh

I'm with Eon for gas and electricity and they've just put my direct debit up to £93 a month :eek: I know we use a lot with me being at home all day but its just such a lot of money! We had prepayment metres up until about a year ago, I'm so glad we managed to get back onto a regular metre because I'm sure we wouldn't be able to keep the key topped up with prices rising like they are! I did find the energy monitor thing but I need to get DH to plug it in to the fuse box or something (???) I don't do electrics, far too complicated for me!

The tax credits system just seems so backwards at the moment, I have to get my dad (who's an accountant) to help me get the forms right! Last year they wanted to claw back £5000 from me, but they'd only paid me £2000!!! Thank goodness for Dad, he sorted it all out. I'm really looking forward to getting back to work so I don't have to rely on tax credits for income anymore, but having said that, I've no idea how we'll afford childcare without some help from them! Just wish it was simpler!

Winnie_in_Pooh

Finally took myself off to the doctors today (at DH's insistance because he's sick of living with a harpy) and I've got a blimming water infection gah just what I need!

Really looking forward to not being pregnant anymore - I love babies and children and would cheerfully have dozens of them if pregnancy wasn't so awful to me! Probably natures way of telling meI can't afford any more :rotfl:

It has however been a NSD today :j got to look on the brightside!

nataz

Hey u! Gud on u for starting up, am looking forward to reading more.

Hopw you dont mind if I bash your SOA

nataz

Winnie_in_Pooh wrote: »

Voila! One SOA for your perusal! Don't be gentle, please

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................ 320
Partners monthly income after tax....... 1260
Benefits................................ 380
Other income............................ 100
Total monthly income.................... 2060
Monthly Expense Details
Mortgage................................ 270
Secured/HP loan repayments.............. 308
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 85
Electricity............................. 46.5
Gas..................................... 46.5
Oil..................................... 0
Water rates............................. 60
Telephone (land line)................... 12.5
Mobile phone............................ 70
TV Licence.............................. 12.12
Satellite/Cable TV...................... 33.5 GET RID OR GO TO THE BASIC COST £19P/M
Internet Services....................... 10 SOMEWHERE ON MSE THERES EVEN CHEAPER NET PROVIDER
Groceries etc. ......................... 175 WOW IS THAT FOR ALL OF YOU FOR A MONTH!
Clothing................................ 10
Petrol/diesel........................... 120
Road tax................................ 30
Car Insurance........................... 96
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 29
Contents insurance...................... 0 WHERES YOUR CONTENT???
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 19
Haircuts................................ 10
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 50
Total monthly expenses.................. 1533.12

Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 0
Car(s).................................. 8000
Other assets............................ 0
Total Assets............................ 138000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 105000...(270)......2.85
Hire Purchase (HP) debt ...... 8000.....(308)......9
Total secured & HP debts...... 113000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
HFC............................200.......22.18.....23
Tesco Loan.....................7500......146.......7.9
Clarity (HSBC).................400.......25........0
Orange.........................500.......5.........0
Black Horse ...................5000......25........0
Westcot (Abbey)................2000......25........0
Capquest (CapOne)..............1100......15........0
1st Credit (Abbey).............600.......10........0
BCW (Provident)................650.......5.........0
Total unsecured debts..........17950.....278.18....-

Monthly Budget Summary
Total monthly income.................... 2,060
Expenses (including HP & secured debts). 1,533.12
Available for debt repayments........... 526.88
Monthly UNsecured debt repayments....... 278.18
Amount left after debt repayments....... 248.7
Personal Balance Sheet Summary
Total assets (things you own)........... 138,000
Total HP & Secured debt................. -113,000
Total Unsecured debt.................... -17,950
Net Assets.............................. 7,050
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Actually looks pretty good - defo a well trained paddler :rotfl:

Winnie_in_Pooh

LOL hey Natty, thanks for the SOA bashing

Right, answers

The contents insurance is included in the buildings - its just the SOA wants you to split them up and pregnant pea brain couldn't do the maths :rotfl:

Sky HAS to go. DH has been tasked with this. Unfortunately due to him being the biggest geek in the entire world he wants to find a way of making our server have TV channels on it....or something, this is the point when I switch off, go to sleep or burst into tears...

The internet deal is with Sky and its their unlimited one (again, Winnie turns off when DH starts rattling about download limits) and he needs it for *something* that apparently does save us money in the long run. I haven't been able to find another unlimited package for less than a tenner though...

Groceries...£175 for three of us....(god knows how much it'll increase when baby arrives :eek:) but lots of cooking from scratch, spuds and eggs from the farm shop etc its taken me a while to get it this low but I'm pleased with it, just don't want it to go much above £250 a month once we're including nappies and formula...also hoping any increase in tax credits/child benefit will cover this!

So there you go Oh Great Paddle Master ... now where's yours xxx

nataz

LOL!!!! Not showing mine, mainly cos I just wing it

Easy solution for the formula bit... get those B**bies out :rotfl:

Winnie_in_Pooh

nataz wrote: »

LOL!!!! Not showing mine, mainly cos I just wing it

Easy solution for the formula bit... get those B**bies out :rotfl:

When I had a brain I used to have it all in there and never needed to write it down anywhere! I really miss my brain!

Baps will be employed to start with I only managed about 6 weeks with DS1 so I'm contingency planning lol

nataz

Lol

Me too but used NCT helpline and did 9 mths in the end.

Sorry not nappy saving ideas, except yukky elimination control