At last my soa

Mrs_Weasley

Here it is, found it, after reading a lot of the posts we seem to have done what a lot of people have done, consolidate, consolidate consolidate:mad: Anyway the crunch came when hsbc loaned us the grand sum of 20k. No way could we afford that!!! God i feel stupid writing this. Along with running up credit we had paid off and getting behind with utility bills, i rang National Debt line who put us in contact with payplan, altogether our debt is approx 45k and we are paying £14 per month, oh has rubbish job!! Thats it for now, here is my SOA:( according to payplan guide lines.

INCOME
889.69 oh wage
364.00 me wage
416.00 tax credit
117.00 child benefit
_______
1786.69



OUT GOINGS
465.02 mortgages
104.70 mortgage arrears
107.00 council tax
43.33 water inc arrears
24.32 gas inc arrears
40.00 elec inc arrears
28.47 building/contents insurance
46.29 life ins.
563.33 Housekeeping
11.37 tv licence
110.74 car cost/travel
37.92 schooldinner/work
69.00 clothes
30.00 telephone
53.20 nursery fees
20.00 house repairs
18.00 birthdays/xmas/hair
14.00 payplan
______
1786.69

CLAPTON

how much is the house worth and how much the mortgage

chevalier

I understand about the payplan guide figures, but are these what you actually spend? Or is it more that say a sky package is covered by the housekeeping budget?

The only reason I ask is that £500 + is a lot. How many is this feeding?
regards
chev

Mrs_Weasley

CLAPTON wrote:

how much is the house worth and how much the mortgage

House is worth about 110k, mortgages not sure but up to the hilt have remortgaged already!!!!!!!!

Mrs_Weasley

chevalier wrote:

I understand about the payplan guide figures, but are these what you actually spend? Or is it more that say a sky package is covered by the housekeeping budget?

The only reason I ask is that £500 + is a lot. How many is this feeding?
regards
chev

WAs dreading someone asking this, this is not exactly what i spend, should i do an actual spend??? as well. This does not include sky, and i am feeding a family of 4, 2 dogs and 6 yes 6 cats!!

Gemmzie

Actual spends are useful, and submitting false ones to PayPlan may cause trouble

beanielou

£500+ for housekeeping is high whatever way you look at it.
Am surprised your creditos accepted that amount & I dont mean that in a nasty way.

Mrs_Weasley

This is the budget we try to live on unsuccessfully, i will be writing it down as i work it at home to see if i am doing that correctly.

my wage £110 weekly

17.00 gas inc arrears
11.00 elec inc arrears
15.00 diesel
8.85 school dinner/coffee @ work
5.00 lotto
53.15 food shopping/spend for week
_____
110.00

tax credits £96.00 weekly

53.20 nursery fees
15.00 water inc arrears
_____
68.20

leaves £27.8 in bank!

OH wage £709.60 ( after council tax ) 4 week month

569.72 mortgages inc arrears
22.00 car ins
11.37 tv licence
15.00 internet provider
25.00 telephone
28.47 buildings and contents ins
46.29 life ins
_____
717.85

Child benefit £117.00

currently going on bank charges!!!!!!!!!!

mintymoneysaver

bessy wrote:

INCOME
889.69 oh wage
364.00 me wage
416.00 tax credit
117.00 child benefit
_______
1786.69



OUT GOINGS
465.02 mortgages
104.70 mortgage arrears
107.00 council tax
43.33 water inc arrears
24.32 gas inc arrears
40.00 elec inc arrears
28.47 building/contents insurancecan you get this any cheaper?
46.29 life ins.This seems very expensive, ours is £8 a month on a 50k mortgage
563.33 Housekeepingfor what?
11.37 tv licence
110.74 car cost/travel
37.92 schooldinner/work
69.00 clothesyou could spend a lot less than this
30.00 telephone
53.20 nursery fees
20.00 house repairs
18.00 birthdays/xmas/hair
14.00 payplan
______
1786.69

I'm not quite sure whether this is what you want to cut down from,or do paypal just adjust your figures accordingly?

sammiboo

that does look a lot you are spending on clothes if you dont mind me asking where do you shop?

You can get some ace clothes at decent prices at primark, george, Tesco. For you normal everyday clothes anyhow.

Mrs_Weasley

Gemmzie wrote:

Actual spends are useful, and submitting false ones to PayPlan may cause trouble

Did my budget with them over the phone, gave my figures but because of kids there are guidlines as to budgeting, find there way of doing it confusing ie weekly amounts x 52 divided by 12. They get family allowance to £123!!!