Sinking deeper...

dancingfairy

I suggest doing the SOA to see where you stand and possibly posting it on here so people can see any areas you might have forgotten or any areas you are overspending in and to set yourself a challenge to get to payday by spending the minimum amount possible - perhaps you could just buy one months road tax to get you by until you get more on top of things?
How much are the car repairs likely to be? If you can continue to cycle this month you won't need money for petrol, repairs or car tax until payday which might be a challenge worth considering? alternatively you need to make sure that the absolute minimum gets spent on those cards.
Best of Luck
df

BlewIt

Marco_Panettone wrote: »

Why only cycling when the weather's good? Get out on the bike EVERY day - if it's grim then dress for the weather and give yourself a bit more time to make the journey. Better for you, better for your money!

i would but its 15 miles each way... so it is a mighty slog if the weather isn't what you'd hoped it would be! Plus i don't have enough spare cycle clothing to do it every day.

I also have a dog so on days when nobody can take her out i feel it is not fair on her to make my working day any longer!

BlewIt

thanks to everyone for your input thus far!

should i post my SOA in this thread or start a new one?

oldtractor

either. This thread is a good place though,its what most seem to do.

BlewIt

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1204
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1204

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 10.5
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 110
Clothing................................ 0
Petrol/diesel........................... 180
Road tax................................ 0
Car Insurance........................... 38
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 14
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 8
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 760.5


Assets
Cash.................................... 10
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 1000
Total Assets............................ 2510

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
RBS Loan.......................2837......216.......11.2
RBS Card.......................1179......27........30.6
HSBC Card......................1237......31........34.6
RBS Overdraft 2................1000......13........16.7
RBS Overdraft 1................1380......18........16.7
MBNA Card......................2015......55........29.9
Total unsecured debts..........9648......360.......-


Monthly Budget Summary
Total monthly income.................... 1,204
Expenses (including HP & secured debts). 760.5
Available for debt repayments........... 443.5
Monthly UNsecured debt repayments....... 360
Amount left after debt repayments....... 83.5

Personal Balance Sheet Summary
Total assets (things you own)........... 2,510
Total HP & Secured debt................. -0
Total Unsecured debt.................... -9,648
Net Assets.............................. -7,138

Pinkbunnie

Is your rent all inclusive? Do you actually have that much left at the end of the month?

BlewIt

Pinkbunnie wrote: »

Is your rent all inclusive? Do you actually have that much left at the end of the month?

Yes, my rent is all inclusive - i am a lodger.

God no! no money left at end of the month. The above doesn't include anything beyond bare minimum! No clothing, presents (there have been a few birthdays recently), anything for hobbies (decided to give up main hobby for now - can't afford - was about £80 per month) or any sort of entertainment/drink etc. I have a caravan (used mainly for hobby mentioned earlier) that i recently moved to a cheaper storage facility paid 6 months up front (will most likely sell it now tho not worth a great deal (£1k max).

RAS

BlewIt wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1204
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1204

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 10.5
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 110 - you can take £30 off this no problem
Clothing................................ 0 - never?
Petrol/diesel........................... 180
Road tax................................ 0 - how much is this per year - divide by 12 and account for it.
Car Insurance........................... 38
Car maintenance (including MOT)......... 0 - how much did this cost last year? Divide by 12 and save it separately
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 14
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 8
Presents (birthday, christmas etc)...... 0 - never?
Haircuts................................ 0 - never?
Entertainment........................... 0 - ditto
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 760.5


Assets
Cash.................................... 10
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 1000
Total Assets............................ 2510

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
RBS Loan.......................2837......216.......11.2
RBS Card.......................1179......27........30.6 - any spare capacity on this card?
HSBC Card......................1237......31........34.6 - this is your priority
RBS Overdraft 2................1000......13........16.7
RBS Overdraft 1................1380......18........16.7
MBNA Card......................2015......55........29.9 - any spare capacity on this card
Total unsecured debts..........9648......360.......-


Monthly Budget Summary
Total monthly income.................... 1,204
Expenses (including HP & secured debts). 760.5
Available for debt repayments........... 443.5
Monthly UNsecured debt repayments....... 360
Amount left after debt repayments....... 83.5

Personal Balance Sheet Summary
Total assets (things you own)........... 2,510
Total HP & Secured debt................. -0
Total Unsecured debt.................... -9,648
Net Assets.............................. -7,138

you need to set up and escape account with someone not in any way related to RBS, in case things get sticky.

BlewIt

Groceries etc. ......................... 110 - you can take £30 off this no problem - will try
Clothing................................ 0 - never? realistically £30 a month
Petrol/diesel........................... 180
Road tax................................ 0 - how much is this per year - divide by 12 and account for it. - £17.50
Car Insurance........................... 38
Car maintenance (including MOT)......... 0 - how much did this cost last year? Divide by 12 and save it separately - £42

Presents (birthday, christmas etc)...... 0 - never? - £20
Haircuts................................ 0 - never? - nope!
Entertainment........................... 0 - ditto - £20 - £150


Unsecured Debts
Description....................Debt......Monthly.. .APR
RBS Loan.......................2837......216.......11. 2
RBS Card.......................1179......27........30. 6 - any spare capacity on this card? about £400
HSBC Card......................1237......31........34.6 - this is your priority
RBS Overdraft 2................1000......13........16.7
RBS Overdraft 1................1380......18........16.7
MBNA Card......................2015......55........29.9 - any spare capacity on this card - £2100 limit
Total unsecured debts..........9648......360.......-

Thanks for taking the time to respond.

BlewIt

dancingfairy wrote: »

How much are the car repairs likely to be? If you can continue to cycle this month you won't need money for petrol, repairs or car tax until payday which might be a challenge worth considering? alternatively you need to make sure that the absolute minimum gets spent on those cards.
Best of Luck
df

I am not sure how much the repairs are likely to be and will need to speak to my local 'homer' mechanic for a price. I am hoping for change from £80 all in.