Some help needed before I become unstuck

RVK2

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1010
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1010
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 28.9
Telephone (land line)................... 0
Mobile phone............................ 10
TV Licence.............................. 12.12
Satellite/Cable TV...................... 44
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 10
Petrol/diesel........................... 70
Road tax................................ 10.5
Car Insurance........................... 22.5
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1008.02

Assets
Cash.................................... 5125
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 600
Other assets............................ 0
Total Assets............................ 5725

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
DFS............................1500......50........0
Credit card....................825.......25........0
Total unsecured debts..........2325......75........-

Monthly Budget Summary
Total monthly income.................... 1,010
Expenses (including HP & secured debts). 1,008.02
Available for debt repayments........... 1.98
Monthly UNsecured debt repayments....... 75
Amount short for making debt repayments. -73.02
Personal Balance Sheet Summary
Total assets (things you own)........... 5,725
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,325
Net Assets.............................. 3,400
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

A little more info to clarify the situation. I'm a lone parent with an 18 yr old who leaves college next week. I have been receiving CTC/WTC and CSA payments but these will now stop. She works 8 hours a week at a local sports centre and is looking for a full-time job. I work full-time in an office. DD may occasionally pick up an extra shift or two a month but that's not guaranteed. I have the money available to pay off the credit card but as they are both at 0% I've left that in the bank. Car is S reg and needs replacing sometime soon - I have £2800 set aside for this.

I would be grateful if people could offer advice as to how I can cut back.

Thank you
RVK2

RAS

Given how little your daughter will earn, you need to check whether you can get LHA and CTB. They will assumke that she is paying a certain amount unless you tell them otherwise.

Go to www.turn2us.org.uk/

And cancel the satellite TV, you cannot afford it.

RVK2

I am hoping there will be some kind of benefit I will be entitled to so I'll be checking that out next week. The £44 for TV is Virgin basic package with phone and broadband. Nothing swanky just the basics. I can't get any reception with Freeview (even with a booster for the arial) so if I want TV then I need Virgin. I've only just transferred Internet/Phone from Talk Talk as it was cheaper in a bundle with Virgin.

Thanks RAS for your comments.
RVK2

Hovel_lady

You can check which benefits you are entitled to by looking at this...

http://www.turn2us.org.uk/benefits_search.aspx