ok heres my SOA what now? ahhhhh

candles_3

ok here is my SOA - here goes

Monthly income £1020-1200 if a good month

partner-£55 a week - job seekers allowance

morgage-£637 a month

abby loan £350 a month-partners and in arrears £10000 and 2 years to go

egg credit card £30 a month min payment limit £1000 up to my max

Bank of scotland min payment £28 limit £1300 and up to my limit

Virgin credit card min payment £48, limit £3000 up to limit

Barclays card min payment £28 , limit £1350 up to limit
barclays over draft £750 always over

Council tax £120 a month

life ins- £11.54 a month

home and contents £24 a month

bus pass £33 a month

cancer research £5 a month

sky £15 a month

BT phone £25 a month

broadband £18 a month

food £250 a month

car ins £35 a month

car tax £190 a year

petrol £40 a month
tv licence £11 a month
barclays addition account £11 a month
spends monthly £150
gas and electric £ 150 quartily

my partners overdraft is £800 but has been closed so any money like his giro going in is compensating his overdraft, and thats with abby

as u can see its well over what i earn, and with my boyfriend being out of work just before xmas itsgetting harder

any help would be kindly welcomed xx

emzig123

candles wrote:

ok here is my SOA - here goes

Monthly income £1020-1200 if a good month

partner-£55 a week - job seekers allowance

Total 1258.33 - 1438.33

morgage-£637 a month

abby loan £350 a month-partners and in arrears £10000 and 2 years to goapr?

egg credit card £30 a month min payment limit £1000 up to my maxapr?

Bank of scotland min payment £28 limit £1300 and up to my limitapr?

Virgin credit card min payment £48, limit £3000 up to limitapr?

Barclays card min payment £28 , limit £1350 up to limitapr?
barclays over draft £750 always overapr?

Council tax £120 a monthcan you get help with this as OH not working?

life ins- £11.54 a month

home and contents £24 a monthis this the cheapest?

bus pass £33 a month

cancer research £5 a monthis it really necessary? you can pay more per month once you are debt free

sky £15 a monthagain, you need to get rid!

BT phone £25 a monthuse call packages to get the best value, look at Martins article on the main pages

broadband £18 a month

food £250 a monthis this for two of you? easily reduced!! Head over to old style for ideas. Especially if OH is at home all day, get him cooking

car ins £35 a monthis this the cheapest?

car tax £190 a yearso 15.83 a month

petrol £40 a month
tv licence £11 a month
barclays addition account £11 a monthditch this, I bet you that money you aren't usingthose 'benefits' they provide!
spends monthly £150break this down? try keeping a spending diary to see if it really is 150 or if it's more and where it's going
gas and electric £ 150 quartily50 a month

my partners overdraft is £800 but has been closed so any money like his giro going in is compensating his overdraft, and thats with abby

any help would be kindly welcomed xx

just a few ideas for you, also what about MOT/Xmas/Haircuts etc??

Spendi

candles wrote:

ok here is my SOA - here goes

Monthly income £1020-1200 if a good month

partner-£55 a week - job seekers allowance

morgage-£637 a month

abby loan £350 a month-partners and in arrears £10000 and 2 years to go

egg credit card £30 a month min payment limit £1000 up to my max

Bank of scotland min payment £28 limit £1300 and up to my limit

Virgin credit card min payment £48, limit £3000 up to limit

Barclays card min payment £28 , limit £1350 up to limit
barclays over draft £750 always over Reclaim your bank charges

Council tax £120 a month

life ins- £11.54 a month

home and contents £24 a month look for a cheaper option

bus pass £33 a month

cancer research £5 a month cancel this you need it more

sky £15 a month switch to freeview - you cant afford it

BT phone £25 a month use 1899 and go basic line rental

broadband £18 a month find cheaper packages

food £250 a month this can be cut a lot if its for two adults see oldstyleboard

car ins £35 a month is this needed if you have a bus pass ?

car tax £190 a year see above

petrol £40 a month see above
tv licence £11 a month
barclays addition account £11 a month whats this ?
spends monthly £150
gas and electric £ 150 quartily im sure this can be bought down

my partners overdraft is £800 but has been closed so any money like his giro going in is compensating his overdraft, and thats with abby

any help would be kindly welcomed xx

Im no expert but i can see savings, chances are if you are up to the limits on most of your cards your credit will be shot, so theres no chance of switching them - use the snowball calc on the site to see which card you need to overpay first.

iceicebaby

Hiya

if you OH bank account been frozen, get his giro paid into another account so at least you see the money then arrange to repay OH overdraft back at a rate you can afford.

bonnie_2

For a start £5 cancer research, charity begins at home.
Why have you got a bus pass and a car, you cannot afford both. Scrap the car.
savings from above alone = £1150 minimum savings, per year.
sky £15 again £180.
You simply can't afford to live 2 wages on one, some thing have got to go.
Monthly spend £150 * 12 = £1800.
Which equates to £3130 a year on non essentials.