My New Years Resolution

Andyr11

Hello everyone

Over the last year or So I have managed to get myself into £3217 debt through 1 credit card, a large student account overdraft and a credit agreement on a tv and some little small debts such as mobile phone missed payment.

Now I started 2006 with 0 debt whatsoever, I had a good credit score with the bank and I was happy when my bank statement came in, sadly this is now a different story. I was unemployed between September and November (NEVER AGAIN) which has not helped my situation one bit.

I finally got a job in Mid November and Have just recd my first pay cheque a week or so ago, most of which went on xmas.

Now I take home about £850 a month after tax plus I can make up to £250 a month on ebay selling stuff. Usually this is around £100 - £125. This makes a gross of around £975.

My outgoings are as follows:

Car insurance: £73.52 a month (Expensive I know but this is cheapest i Can find)
Sky TV £21 a month (Can't cancel as only 3 months into minimum contract)
Minimum payment for TV is £31.73 (currently £165 in arrears with this)
Mobile phone £25 a month (Currently £75 in arrears with this)
Gym (New yrs resolution pt2) £22 a month
Rent £100
Petrol is around £70 a month but varies.
CC payment £20 min
RC Car racing membership £10 month

This all equates to £373.25 a month.

I do spend perhaps a little too much on leisure activities like go karting (my alcohol) and trips to the cinema. This can come in around £150 a month.

The rest of the money goes on lunches and food at work, I do try and cut down on this by making a sandwich before I leave for work and I don't buy stupidly priced coffee from starbucks and the like. I live at home with my mum and my sister (both of which work full time) and try to chip in for the occasional shopping trip so I can help the family out.

Yesterday I woke up feeling a little odd, not hungover from xmas before, but I felt guilty that i had so much money owing in different places. I had a good hard think about it and decided that I am going to try and clear all my debts by the end of 2007.

Wish me luck.

Mrs_Sparkle

Good luck! You're already heading in the right direction...keep making those sandwiches, you won't believe how much it saves you.