newbie sees the light.

greenanne

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................ 1150
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1150
Monthly Expense Details
Mortgage................................ 482.4
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 96
Electricity............................ 27
Gas..................................... 27
Oil..................................... 0
Water rates............................. 14
Telephone (land line)................... 10
Mobile phone............................ 15
TV Licence.............................. 12.37
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 80
Clothing................................ 05
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 25.31
Car maintenance (including MOT)......... 20
Car parking............................. 1.00
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 5
Buildings insurance..................... 10.88
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 10
Holiday................................. 10
Emergency fund.......................... 50
Total monthly expenses.................. 1035.96

Assets
Cash.................................... 0
House value (Gross)..................... 140000
Shares and bonds........................ 0
Car(s)..................................250
Other assets............................ 0
Total Assets............................ 140250

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 64327.6..(482.4)....4.49
Total secured & HP debts...... 64327.6...-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
barclaycard....................716.34....60........21.9
nbna...........................1530.62...25........0
barclayloan....................4100......118.....26.9
Total unsecured debts..........6346.96...203
.....-

Monthly Budget Summary
Total monthly income.................... 1,150
Expenses (including HP & secured debts). 1035.96
Available for debt repayments........... 114.04
Monthly UNsecured debt repayments....... 203.00
Amount short for making debt repayments. -88.96
Number of adults inReproduced on Moneysavingexpert with permission, using IE browser.Statement of Affairs and Personal Balance Sheet
neysavingexpert with permission, using IE browser.

Debt_free_by_2012

Are you able to make do without your car? That seems to be your biggest outgoing. Also, can you get a cheaper deal for internet/mobile/telephone.
Well done for making the first step and the best of luck.

greenanne

thankyou for that but i work as a carer in the community and couldn't do the job without a car.i have been thinking about the internet/phone bill though.it's been years since ive looked into it.

pennypusher

Hi can you rent out a room or two in your house to bring in some more income? I think maybe it would be a good idea to get some free professional advice from Citizens advice bureau or one of the other free charities.

linz

I can't see that much else to add. How much is in your emergency fund up to now? Enough to cut out a month or two to pay towards debt instead?

Are you tied in to a mobile contract or could you go PAYG?

You could try going food shopping later on in the evening, when supermarkets are reducing stuff. Also batch cook & freeze extra portions.

Always fill up with fuel at a supermarket or garage you have a loyalty card with, eg nectar, tesco clubcard, morrisons miles (providing they are still the cheapest for petrol of course) It all adds up & you can use rewards against food.

I also think you could save on your landline/internet package, check out http://www.moneysavingexpert.com/utilities/?tab=13 and go through Topcashback if you swap providers.

Can't think of anything else, but best of luck

greenanne

thanks for the ideas.i do have my spare room on the crashpadder site.i have only had one person from there up to now.unfortunatly i just don't seem to live where anyone wants to be.
up to now my mobile has always been on payg but i have been wondering if a contract would be better when i see some of the deals people get.am off to check out the link for landline/internet providers.
many thanks.