My sorry SOA!

Pee

Would a charity like the PDSA be able to help with the cat then? (Please do consider whether the cat actually benefits from it's medical treatment...)

I'm guessing your mortgage is less than rents for a similiar property locally? If so then of course you are better off staying put.

Have a look at the grocery challenge and the old style boards for help with cutting the cost of groceries. I've been making elderflower champagne which is lovely and even my boyfriend, who doesn't like white wine, is drinking it it's so nice - and he has nothing much else.
Lidl and Aldi can have good prices for drink, but unfortunately that is one of the things you can do without. Mind you, some basic food and a bottle of wine might be cheaper than what you are currently spending.

How handy is your OH? Fitting new glass to windows isn't too tricky if you are practical and might cheer you both up and give you a sense of acheivement.

suzitiger

awwww loobeyloop, I am sorry that ur situation is hard atm, no offence to whoever suggested having ur cat put down, but that is a horrible thought! I would never be able to do that just to save money. there are other ways to save though so don't worry. a lot of people have suggested the old style board, i LOVE this board, if u search old style or workhouse in the forum search tool at the top you will find them. there is alot of friendly advice about growing ur won veg and making do with things, very creative recipes galore too, so maybe that will help with ur food shop? other things that may be helpful, you could see if ur entitled to working tax credits just to give you a bit of a boost, ummm...also the NSD challenge board is really motivating and helpful. i can't think of anything else atm, but i think the best help on this website is the support from everyone else, so well done for speaking up about ur problems.

Loobeyloop

Thank you all so much for your tips, will get the old man to write all his in/out goings and put a joint soa on here later, I can't tell you how it has made me feel better just putting this on here, I do feel stupid for getting myself in this state, but I know I'm not the only one, and there are people out there far worse off.
Pee, thanks didn't think of the pdsa, will look into it. Yes mortgage is less than renting, we couldn't sell my bf managed to get a charging order on our property (long story but he was a car dealer got finance on a car a friend was selling, buyer stopped paying it went to court and judge obviously didn't like car dealers so we ended up with 23k charge that is gaining interest ) Oooh I made elderflower champagne once, think the flowers were a little over ripe, it was ok, but very perfumey and not very alcoholic lol!! It won't do me any harm not to drink any more, it's going to be difficult and going to get bored lol
Suzi, thank you! Will defo take a look on the old style boards, I have a freezer full of stuff so we'll live off that, as chief cook and bottle washer, I can see some very strange concoctions coming up, bet beggars can't be choosers can they? I must admit, as a retro chick, I am quite excited at living like they did in the 2nd world war, although I'm sure the novelty will wear off! How do you keep motivated and positive? And what do you do to relieve the bordem (clean answers only ) Thank you all! x

dancingfairy

I'm glad it's only 14k as opposed to 40k - that's 26k off the debt already!!
Um - can you clear the Natwest card if you only owe 16 pounds? and see if they will offer you any balance transfer deals?
I think you're going to have to deafult on your minimum payments and try and arranage payments plans to be honest but maybe if you can clear the Natwest the first month - that's one less creditor at least and you have a chance they may offer you a deal.
df

suzitiger

ahhh to relieve boredom I walk everywhere, its fun, it keeps me healthy and most of all it saves me MONEY! tee hee NB: not fun in a thunderstorm and running late tho

Skint_Catt

Your assets - you've put you have £170 in cash and your house is only worth £110? Surely the house at least should be £110000 which would change your figures dramatically!

C xx

jules888

Cant you get rid of sky tv ,its a luxury and freeview is fine.

Loobeyloop

Skint_Catt wrote: »

Your assets - you've put you have £170 in cash and your house is only worth £110? Surely the house at least should be £110000 which would change your figures dramatically!

C xx

Thanks Skint, yes I've made quite a few silly mistakes haven't I doh!!:o house is worth around 110k and I had £170 in an isa, which I used yesturday...thanks for picking up on that, think I better do my soa again don't you think!! :rotfl:

Loobeyloop

Hi all, this is my joint SOA with my partner, and I've hopefully corrected the mistakes of the last one, He thinks the property is worth more than I thought (but then I do have a dim view of my house!! I have recently given up my gym membership and my fat club:eek: gutted and getting fatter by the day As i've said before the 3rd car is my partners sporty thing, he won't part with it no matter what....I've tried....
Please be gentle with me Thanks in anticipation

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.................... 3

Monthly Income Details
Monthly income after tax................ 659.39
Partners monthly income after tax....... 500
Benefits................................ 332.62
Other income............................ 0
Total monthly income.................... 1492.01

Monthly Expense Details
Mortgage................................ 502
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 117
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 22.3
Telephone (land line)................... 18.5
Mobile phone............................ 40
TV Licence.............................. 12.12
Satellite/Cable TV...................... 25
Internet Services....................... 15
Groceries etc. ......................... 370
Clothing................................ 34
Petrol/diesel........................... 170
Road tax................................ 60
Car Insurance........................... 88
Car maintenance (including MOT)......... 24
Car parking............................. 2
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 13
Pet insurance/vet bills................. 30
Buildings insurance..................... 10
Contents insurance...................... 9.08
Life assurance ......................... 21.81
Other insurance......................... 25
Presents (birthday, christmas etc)...... 10
Haircuts................................ 5
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1743.81


Assets
Cash.................................... 0
House value (Gross)..................... 140000
Shares and bonds........................ 0
Car(s).................................. 8000
Other assets............................ 3500
Total Assets............................ 151500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 79767....(502)......4.3
Total secured & HP debts...... 79767.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Lloyds tsb (OM)................1570......20........16.9
Barclays CC (OM)...............8267......190.......0
M&S (OM).......................3500......109.......6
Santander CC (ME)..............3820......40........0
Nationwide CC (ME).............1400......54........16.9
Virgin CC (ME).................338.77....25........16.9
Natwest CC (ME)................11........5.........16.9
Halifax CC (ME)................2884......29........0
Tesco CC (ME)..................2729.7....54........0
Egg CC (ME)....................3088.61...80........16.9
Solicitor (OM).................800.......50........0
Westcot (OM)...................5000......20........0
Total unsecured debts..........33409.08..676.......-


Monthly Budget Summary
Total monthly income.................... 1,492.01
Expenses (including HP & secured debts). 1,743.81
Available for debt repayments........... -251.8
Monthly UNsecured debt repayments....... 676
Amount short for making debt repayments. -927.8

Personal Balance Sheet Summary
Total assets (things you own)........... 151,500
Total HP & Secured debt................. -79,767
Total Unsecured debt.................... -33,409.08
Net Assets.............................. 38,323.92

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

[Deleted User]

My thoughts:

1 - get the groceries bill down - use up everything in freezer, cupboard & fridge. Some 'basic' brands are fine - there's plenty of info on the forums elsewhere on here Cut your sky subscriptions to zero asap. The free channels are fine.

2- how about trading in the estate car for a cheap to run moped/scooter which you could both use? that way you'd be retaining one car but also have some flexibility for everyday use.

3 - you & your OH fix an evening/day where you get *all* your bills out, get the coffee/tea on & work through exactly what is owed to where, & what you have as assets.

4 - simplify your life, it's cheaper (plus people will buy all sorts of stuff from you after you've cleared out!) Make the MSE way a kind of challenge, a game. Get your son on board as he is a young man and he may have some good ideas.

5 - once you've done step 3 then get onto CCCS or a debt charity via CAB & arrange some kind of DMP. Cut up the cards & good luck!