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Help needed

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  • jellybean39
    jellybean39 Posts: 474 Forumite
    :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!!!!!!!!!
    Mum 30k/29000
    BC1 11500/11300
    BC2 10500/10300
    BC3 6500/6400 NW 950/800 Next 600/450
    Here we go a again!!!:mad: DFD Oct 2016 hopefully!!!
  • jellybean39
    jellybean39 Posts: 474 Forumite
    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!!!!!
    Mum 30k/29000
    BC1 11500/11300
    BC2 10500/10300
    BC3 6500/6400 NW 950/800 Next 600/450
    Here we go a again!!!:mad: DFD Oct 2016 hopefully!!!
  • Angyles
    Angyles Posts: 121 Forumite
    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!
    Debt-Free Wannabe / Long Haul Supporter 238 - Proud to be Dealing with my Debts
    LBM Moment June 2010 DMP with CCCS Started August 2010
    Total Debt at LBM = £17,602.74 / Current Debt = £16,285.76 / Cleared = £1.316.98 (7.5%)
    CWU Cashback Referral Link = http://www.cwucashback.co.uk/r/?l=1439965
  • jellybean39
    jellybean39 Posts: 474 Forumite
    Does it add it automatically?
    Mum 30k/29000
    BC1 11500/11300
    BC2 10500/10300
    BC3 6500/6400 NW 950/800 Next 600/450
    Here we go a again!!!:mad: DFD Oct 2016 hopefully!!!
  • jellybean39
    jellybean39 Posts: 474 Forumite
    Omg i cant believe what i ve done on here on the computer today i so crap on them normally!!1
    Mum 30k/29000
    BC1 11500/11300
    BC2 10500/10300
    BC3 6500/6400 NW 950/800 Next 600/450
    Here we go a again!!!:mad: DFD Oct 2016 hopefully!!!
  • Angyles
    Angyles Posts: 121 Forumite
    Does it add it automatically?

    It will appear on the bottom of every post you make unless you untick the "Show your signature" box.
    Debt-Free Wannabe / Long Haul Supporter 238 - Proud to be Dealing with my Debts
    LBM Moment June 2010 DMP with CCCS Started August 2010
    Total Debt at LBM = £17,602.74 / Current Debt = £16,285.76 / Cleared = £1.316.98 (7.5%)
    CWU Cashback Referral Link = http://www.cwucashback.co.uk/r/?l=1439965
  • jellybean39
    jellybean39 Posts: 474 Forumite
    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, B) 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?
    Mum 30k/29000
    BC1 11500/11300
    BC2 10500/10300
    BC3 6500/6400 NW 950/800 Next 600/450
    Here we go a again!!!:mad: DFD Oct 2016 hopefully!!!
  • mogsi80
    mogsi80 Posts: 69 Forumite
    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
    LBM June 2011, Total Debt £45,615

    Total Debt @ 02 Mar 2014 £33,008


    Total paid to date £12607 / 28%
    :beer:
  • jellybean39
    jellybean39 Posts: 474 Forumite
    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
    Mum 30k/29000
    BC1 11500/11300
    BC2 10500/10300
    BC3 6500/6400 NW 950/800 Next 600/450
    Here we go a again!!!:mad: DFD Oct 2016 hopefully!!!
  • shamac
    shamac Posts: 415 Forumite
    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:
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