off the wagon (again)

duncans-mum_2

Mrs_A. wrote:

ok have done the totals
debt paid off in last year = £7,906.68 which is fantastic:money:
however new debt accumulated in last year £2,967.99:eek:
this is worse than i had thought it was going to be.
new debt total as of today stands at £10,503.23:mad:
New SOA to follow
regards
mrs a

Which paying off 5K of debt should be congratulated. :T

Okay, so you spent some money but Overall your debt has gone DOWN, not up, and you can get back on the DFW wagon with pride I think. Could have been a hell of a lot worse.

Welcome back.

lynzpower

Hi love
Let me have a look over this, Im sure theres plenty of moneysaving if you wanted to go "turbo" as I intend to do Maybe we could support each other in some serious hardcore moneysaving?

incoming
mrs A pay 1200
Mr a's pay 860.00
child benefit and tax credits £161.70
board money from son 60.00#

TOTAL INCOME 2281.70

going out
credit card 0% till march 1467.99 ( whats the payment?)
overdraft 0% temporary £1500.00
bank loan 385.76 ( till when)
car payment 148.13 ( till when)
oil for heating and hot water 75.00 ( going turbo you can use every tip in the book on https://www.est.org.uk )
electricity 58.00 ( as above, only boil enough water in the kettle, use pan lids double cook in the oven etc, have you checked your supllier recently?)
phone bill 25.00 ( oh this is high whats this for? Im going to consider a change to euphony http://www.euphony.co.uk/eutalkPlus/euTalk18.htm for calls )
mobiles 20.00 (cheapest?)
pension 27.67 ( must you pay this at the mo?)
life insurance 6.45
aol 17.48 ( not the cheapest, tesco value do one at 13.97, but there is cheaper, AOL is a tenner i think, look about)
union fees 11.28
sky 18.00 ( you dont NEED this)
ing savings 50.00 (to pay for next crimbo) 600 for Xmas? Couldnt you reduce this?)
car insurance 26.91 ( cheapest?)
tv license 11.37
road tax 12.00
clothes 50.00 ( every month? I guess its good to put it away, anything not spent can come off debt))
food cleaning pets 400.00 ( how many for this is massive!!!!)
alcohol 100.00 ( needed?? 25 a week?? thats 5 bottles of fair wine a week, do you really drink this much???)
smokes 100.00 ( as above? cant you go on roll ups?)
petrol 240.00 ( can you slice off journeys, walk places?

thats my thoughts. I reckon you have at least a 150 off food more if you can manage it, dump the sky and jiggle everything about with your suppliers and
you should be looking at least at a 220 pcm saving.

When you spent on your cards, 1500, what was it for??

Lynz
xx

In_Search_Of_Me

welcome back Mrs A! Well done for getting back off the wagon & paying off 5000 last year! Ok so you had a blip (so did I but mine was for more!) - you're doing the right thing - just dust yoursef off & start again as you are! Big hugaroos & welcome back!