Help needed

jellybean39

:eek: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................ 2900
Partners monthly income after tax....... 1400
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 4300
Monthly Expense Details
Mortgage................................ 1805
Secured/HP loan repayments.............. 325
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 205
Electricity............................. 80
Gas..................................... 50
Oil..................................... 0
Water rates............................. 82
Telephone (land line)................... 16
Mobile phone............................ 37
TV Licence.............................. 10.5
Satellite/Cable TV...................... 59
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 50
Car Insurance........................... 55
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 0
Life assurance ......................... 205
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 3274.5
Assets
Cash.................................... 0
House value (Gross)..................... 360000
Shares and bonds........................ 0
Car(s).................................. 15000
Other assets............................ 0
Total Assets............................ 375000
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 250000...(1805).....4.29
Hire Purchase (HP) debt ...... 6700.....(325)......9.1
Total secured & HP debts...... 256700....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................8100......425.......17
barclaycard....................10400.....105.......11.9
nationwide.....................600.......50........17.9
egg2...........................1900......100.......17.9
egg1...........................3200......150.......17.9
santander......................399.......50........0
next...........................300.......50........29.9
Total unsecured debts..........24899.....930.......-
Monthly Budget Summary
Total monthly income.................... 4,300
Expenses (including HP & secured debts). 3,274.5
Available for debt repayments........... 1,025.5
Monthly UNsecured debt repayments....... 930
Amount left after debt repayments....... 95.5
Personal Balance Sheet Summary
Total assets (things you own)........... 375,000
Total HP & Secured debt................. -256,700
Total Unsecured debt.................... -24,899
Net Assets.............................. 93,401

Right have done it tonight with bank statements rather than guessing think it right with new reduced bt bill yeah!!!!!!!!!

jellybean39

how do u do the bit at the bottom where u start to pay your debts off and they come down? would love to see mine start to do down rather that up!!!!!

Angyles

jellybean39 wrote: »

how do u do the bit at the bottom where u start to pay your debts off and they come down? would love to see mine start to do down rather that up!!!!!

If you click on User CP there will be the option to Edit Signiture, basically you can add whatever you want and play around with colours and fonts. You then will have to update it yourself when you start to see your debt drop!

jellybean39

Does it add it automatically?

jellybean39

Omg i cant believe what i ve done on here on the computer today i so crap on them normally!!1

Angyles

jellybean39 wrote: »

Does it add it automatically?

It will appear on the bottom of every post you make unless you untick the "Show your signature" box.

jellybean39

RAS wrote: »

Agreed.

jelly..

Can you cut that cable TV or reduce it?

Get your daughter to make a contribution?

Look very careful at the life insurance and see a) whether you still need everything it offers for example does it offer decreasing amounts to cover the mortgage or the old value, whether you can get what it offers cheaper elsewhere?

The priority is that Next account.

Go round the house and find things you no longer use. Then work out how to flog them most effectively. You may well be able to clear the next account from your sales.

Get yourself, OH and DD doing clicks and surveys and that might earn you £100 per month between you which does not affect benefits or tax. I think reviews and mystery shoppping are taxable income.

tHANKS RAS

I LOOKED AT THIS MYSTERY SHOPPER BUT IT SAID I HAD TO PAY TO JOIN IS THAT THE RIGHT ON DO U KNOW?

mogsi80

Hi Jelly,

Not really in a position to help with the advice against the debts, as I am all very new to this!

However, I am a life insurance adviser and could give you a hand to see if there is a possibility to make a saving? Clearly no obligation but if you do want a bit of help let me know.

x

jellybean39

mogsi80 wrote: »

Hi Jelly,

Not really in a position to help with the advice against the debts, as I am all very new to this!

However, I am a life insurance adviser and could give you a hand to see if there is a possibility to make a saving? Clearly no obligation but if you do want a bit of help let me know.

x

Hi thanks
Have only just changed took 6 months to sort because of illness. not covered on alot of it and twice the much as hubbys some companies wouldnt touch me. Had to have big medical absoloute nitemare!!!! but i do appreciate your helpxxx

shamac

Hi, well done for facing up to your problem and getting your SOA up to scratch.

Here is the next step to freedom! http://www.whatsthecost.com/snowball.aspx

Put your debts into this calculator (make sure the aprs are correct-check your statements) It will tell you which order to pay them off in and (and this is the scarey bit) how many months until you are debt free. You can keep this on your computer and update it every so often if you can overpay through selling off some stuff.

Good luck:beer: