my SOA

Staffie__2007

income : £850 - £950 roughly monthly

Outgoings:

phone - £40
Petrol :- £100
Car insurance :- £15

Loan :- £92 - finishes dec 07
Hair :- £30 - need this!!
Car :- £92 - 2 years remaining
Catalogue :- £40 - £300 remaining
Hoildays :-£250 - going to mexico may

Myself :- £200 - for bits and bobs i.e lunch, sunbeds going out, birthdays

Dont pay rent - live with parents

Total outgoings :£869

~~~~~~~~~~~~~~~~~~~~~~~~

Patners SOA - lives with mam so pays most bills

Income - £1320 before O/T

Outgoings :

Car - £92 shares payments with me
Loan - £5000 - £360 per month finishes feb 08
C/C 1 - £1300 - £50/60 per month
C/C 2 - £500 - £20 per month
Pet insurance - £15
Car insurance - £15 shares payments with me
phone - £20
Mobile phone - £30
TV license - £12
Sky - £52
PC loan - £42 - £200 remaining
Catalogue - £60 - £400 remaining
Holidays : £250
Himself :- £200 for personal stuff : birthdays going out etc..
rent : £80
Total : £1298

What ya think ???

gettingitsorted

Welcome to mse well done for posting your SOA'S

Can i just ask ,are you looking for ways to save money/reduce outgoings etc?

Staffie__2007

hi we are looking on getting rid of the loans the fastest and cheapest way - would it be worth us getting aloan for the loans and cc - full amount over a year?

we need to be debt free by dec 07 realistically and need to have saved a deposit for house by early next year x

what do you recommend??

gettingitsorted

Ok making overpayments on your loan stands out to me are you able to do this with your loan?

There are quite a few areas of your SOA that could be cut and used for these overpayments.

i certainly would not advise taking another loan out to clear the loan and cc's

Staffie__2007

No we arent able to , what a bummer!! will have a talk with boyf and see what he decides x

gettingitsorted

could also apply to the cc's ,what are the apr's on the cards?

artic_fox_2

dont conolidate unless you can get a realy good rate i would go the snowballing way