Time to address the finances...

Aamberle

Hi All,

Thanks for dropping by. I among many I am sure have decided that New Year, New Start.
I have been lurking around various diaries, gaining secrets to peoples successes and really being more and more inspired by the sheer hardwork and determination people have - along with all the support and comments provided by everyone. I truly find it amazing that complete strangers can have such a profound effect on each other.
I am not quite ready for a SOA to be publicly viewed yet - I will do it but when I am in a position where I fully understand things myself.


Anyway think that is enough rambling


Thank You again if you have managed to get through this.

nearlyrich

Hello and a happy new year, you have come to the right place for help but we do need to see you statement of affairs to give you the advice you need ...

Have a read of the stickies at the top of the board and get started for a great 2012..good luck.

MFWannabe

Hi
Welcome to the board. Why don't you post an soa up so we can see all incomings and outgoings and advise where you could make some cutbacks.
Use the one on www.makesenseofcards.com

Aamberle

Wow - Thanks for the quick replies.. I will do a SOA but it will not be today, I am still recovering from finally adding all my debts up to see where we stand.

I will do it soon I promise.

Happy New Year X

Aamberle

HI NEARLYRICH - Sorry probably am being blind but where are the stickies you mention? Thanks

amorge

Hi, well done on facing the issue! I had my LBM in October & have found these boards amazing & supportive. The SOA is on one of the first few posts in the DFW board...

mi_jardin

Well done on making the first move! We can all sympathize on how scary it is, but once you start seeing that figure go down it will become addictive!
Have a happy new year!

Sallz

hi
i know how you feel, i just recently sat down and added everything up and its funny how even tho you know how much you owe it still shocks you
this site is really useful and really friendly and as helped me finally realise i can beat the debt!
good luck for you debt free journey

JulieGeorgiana

Stickies: they are the first few threads on the board. One of them is titles advice for newbies... and has links to all the useful places you will need!

Well done in addressing your debts. Yes it is a shock at first, but you will get there!

Good Luck x

Aamberle

Well woke up today and finally think I may have started to kick this awful cold..had it since Boxing day, and may even hit the outside world later - get me and my rock and roll life.
On the plus side it means other than sending OH out twice to get some cold mixture we have had NSD's so I suppose that is good!

Also made £54.32 off Amazon today - so that is straight off the CC..although it will be rounded, as I am a bit of a weird one and have to pay in round figures..i.e. will be £54.00. Something I learnt many years ago and has stuck with me since..awww well.

Anyway thanks again for all your replies, think I might do a little signature today to keep me on the straight and narrow..and will have a look at some of the other challenges out there to join and keep me motivated.

Happy Monday All x

Aamberle

Well here it is..

Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly income after tax................ 2400
Partners monthly income after tax....... 2400
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 4800


Mortgage................................ 1157
Secured/HP loan repayments.............. 911.69
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 115
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 25.33
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 7.5
Satellite/Cable TV...................... 90
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 50
Petrol/diesel........................... 450
Road tax................................ 10
Car Insurance........................... 37.5
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................. 40
Buildings insurance..................... 25
Contents insurance...................... 30
Life assurance ......................... 95
Other insurance......................... 120
Presents (birthday, christmas etc)...... 0
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 3514.03


Assets[/b]
Cash.................................... 185
House value (Gross)..................... 205000
Shares and bonds........................ 0
Car(s).................................. 20000
Other assets............................ 1500
Total Assets............................ 226685


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 164000...(1157).....0
Hire Purchase (HP) debt ...... 29673....(911.7)....0
Total secured & HP debts...... 193673....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
santander......................1400......100.......22.9
creation.......................13800.....300.......0
Total unsecured debts..........15200.....400.......-


Monthly Budget Summary
Total monthly income.................... 4,800
Expenses (including HP & secured debts). 3,514.03
Available for debt repayments........... 1,285.97
Monthly UNsecured debt repayments....... 400
Amount left after debt repayments....... 885.97

Personal Balance Sheet Summary
Total assets (things you own)........... 226,685
Total HP & Secured debt................. -193,673
Total Unsecured debt.................... -15,200
Net Assets.............................. 17,812

Well several things before I receive comments - My fuel is correct. I travel over 100 miles a day for work, which I pay for and no I do not get an allowance. So depending on the price of fuel this could vary greatly. I have looked for jobs closer to home, but there is nothing about currently and infact other than the travelling I actually like the company i work for! Also we may be moving closer next year..so that will help :-).
It also means that my car has to be a decent car - so I have a leased car which costs me £400.00 per month and that covers everything on it, but does give me peace of mind when travelling. So technically the value of car is in the SOA but not sure if it actually counts as mine...

Either way I have a few hundred pound that seems to be "not there" each month...A spending diary for me and OH I think from today..