£80,000

thejames

We have three mobiles, as I have one for a franchise business that I have reciently taken on, the other one is my husbands and the other one is my personal one. I did um and ah about taking a mobile on, but decided that we would use our house phone for buisines and that at some point would need to turn the phones off for my own sanity. I dont know why our food bill is so high, for the last two months we have gone shopping together and done a weekly shop, we still look at each other at the end and we generally dont know why its so high, we make meal plans, we use up what ever is in the fridge and freezer... Im at a loss. Our phone, broadband and internet are all in the £60 too.

thank you again for looking.

Hovel_lady

thejames wrote: »

Sorry missed three things...


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 2100
Benefits................................ 138
Other income............................ 0
Total monthly income.................... 3438
Monthly Expense Details
Mortgage................................ 267
Secured/HP loan repayments.............. 37
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 116
Electricity............................. 55
Gas..................................... 55
Oil..................................... 0
Water rates............................. 26.54
Telephone (land line)................... 60 High.
Mobile phone............................ 120 Very very high.
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 600 Can definately lower this.
Clothing................................ 0
Petrol/diesel........................... 240
Road tax................................ 22
Car Insurance........................... 85
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 12
Pet insurance/vet bills................. 0
Buildings insurance..................... 49
Contents insurance...................... 0
Life assurance ......................... 20
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1826.66

Assets
Cash.................................... 0
House value (Gross)..................... 240 Hope this isn't right.
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 2240

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 2150000..(267)......0 Hope this isn't right :eek:
Hire Purchase (HP) debt ...... 0........(37).......0
Total secured & HP debts...... 2150000...-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Nat west.......................18.713....283.......0
Co Op..........................18.416....270.......0
Credit cards...................44.859....1060......0
Car............................3000......100.......0
Over draft.....................2500......0.........0
New Boiler.....................5400......97........0
Total unsecured debts..........10981.99..1810......-

Monthly Budget Summary
Total monthly income.................... 3,438
Expenses (including HP & secured debts). 1,826.66
Available for debt repayments........... 1,611.34
Monthly UNsecured debt repayments....... 1,810
Amount short for making debt repayments. -198.66
Personal Balance Sheet Summary
Total assets (things you own)........... 2,240
Total HP & Secured debt................. -2,150,000
Total Unsecured debt.................... -10,981.99
Net Assets.............................. -2,158,741.99

The OS (old style) board will have loads of ideas for making the money stretch.

Have you contacted any of the free debt charities for advice?

Happytogetdebtfree

Hi just wanted to say when I first started my journey we were up to 74k I'm now in the 40k zone it's doable and it may be a long road but we are where we are. Keep positive and you will get through this :-) this board is a god send and will support you through it x

thejames

Weve contacted them through our work a few years ago, and yesterday we spoke to the national debt line who stated that we can pay our bills.

I will continue to try with the food bill as I said in the first mail, my husband and I never worked as a team and now we finally are, which is why we go shopping together now, I do find it hard as I want my family to eat healthy so Im struggling with that compromise, I think we managed £400 last month but we had xmas and that was a £300 bill on three days.

Our mortgage is £215.000 we pay £267 interest only.

redpete

thejames wrote: »

We have three mobiles, as I have one for a franchise business that I have reciently taken on, the other one is my husbands and the other one is my personal one.

Not convinced 3 mobiles need to cost £120 a month. Could you use one phone with different SIM cards for business and home use and switch them over beginning and end of work?

thejames

Hi happytogetdeptfree.... Id love to know how you got into that and back out again, this totally gives me hope, would you mind letting me know about your story I think it would give me such hope and also getting a bit choked now so may have to go to bed.

Thank you all xx

thejames

redpete wrote: »

Not convinced 3 mobiles need to cost £120 a month. Could you use one phone with different SIM cards for business and home use and switch them over beginning and end of work?

Its an idea but how would I get out of one contract?

Hovel_lady

Had a quick look on the OS board and found this. Might be helpful to you...

https://forums.moneysavingexpert.com/discussion/110020

Good luck xx

DCFC79

For the mobiles you can get cheap sims eg £5/£10 a month but depends on if you text/phone people alot as that can tell you if a payg sim is better for you, for get the franchise then if it isn't working.

DCFC79

Hovel_lady wrote: »

Had a quick look on the OS board and found this. Might be helpful to you...

http://forums.moneysavingexpert.com/member.php?u=1759339

Good luck xx

That links to a spammers public mse profile from earlier