And so the long slog begins.....

MummyDrusilla

I've just been reading back through my posts and forgot to mention about my cupboard inventory. I did it, along with rummaging through the freezer and noting all that down.

Why on earth we need 3 bags of frozen peas (all open) and 4 pots of paprika is beyond me.

My plan now is to price check all those items and make sure we're getting them at the cheapest place. I won't do this in one go cos the list is 4 spreadsheet pages long but will try and chip away at it every week using online shopping sites and when I go to a**i and h**e ba*rg**ns who don't have their prices online (I don't think). Then I can just do those odd places once a month or less frequently when I've got a list built up to make the trip worthwhile.

MummyDrusilla

Wow. I've just worked out my take home pay on the new hours and I'll be about £750 better off per month :eek: :j

i'm in shock.

Aamberle

Evening Mummy, Just been catching up on your diary ..Wow your still going well :T

And the confessional on the holiday and the decking, I think is well deserved..You are being organised and some quality family where everyone can relax is a must..:j So I say well done you xx

Catch Up soon x

MummyDrusilla

Cheers aamberle. I know some may see it as money frittered away but like you say, the deck's a place we'll use to enjoy our home time more (if the blimmin weather gets on board) instead of looking out onto a patch of scrub land as the garden has been until recently. And the holiday is hardly extravagant! £120 for the camping and then we've budgetted £100 for food and spends which will be more than enough so hopefully we'll come back with change.

MummyDrusilla

This dreary thursday morning has brought lots of thinking about money with it. I keep thinking about this £750 and what we'll do with it and I'm scared we'll slip back into our old ways. I'm desperate not to go there again and I'm sick of paying money to the fat cats. So I need a plan. I've downloaded my statements from the last 6 months again (which excludes the xmas spending and the november holiday we had - phew!) and I'm going to plug the numbers into my budget planner and be brave and stick an SOA up. I might only post it in here (I'm not sure how many people are actually reading so it feels safe!!!!) but it'll be there in black and white and I won't be able to massage the figures as I've become accustomed to doing.

The extra money must account for the extra childcare we'll need (including vouchers that I'm going to start claiming when work set it up), the pension I'm going to start paying into that work are setting up and then I will look at pots of money I can set up to accrue savings for things like home/contents insurance, car insurance, MOTs, servicing and other things we currently pay by monthly DD or have to absorb costs of when they crop up.

MummyDrusilla

Urgh, being brutally honest with yourself is pants. SoA's not looking great . Still work to do on it before I post.

Looks like the wage increase has come at the right time.

MummyDrusilla

Well, I've done it. Let's see if it formats correctly......

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1367
Partners monthly income after tax....... 2063.27
Benefits................................ 81.2
Other income............................ 0
Total monthly income.................... 3511.47

Monthly Expense Details
Mortgage................................ 578.9
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 133
Electricity............................. 115
Gas..................................... 0
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 22.39
Mobile phone............................ 57.32
TV Licence.............................. 12.12
Satellite/Cable TV...................... 26.62
Internet Services....................... 0
Groceries etc. ......................... 340
Clothing................................ 19.6
Petrol/diesel........................... 250
Road tax................................ 13.33
Car Insurance........................... 202.92
Car maintenance (including MOT)......... 45.25
Car parking............................. 2.25
Other travel............................ 1.44
Childcare/nursery....................... 32
Other child related expenses............ 22.27
Medical (prescriptions, dentist etc).... 3
Pet insurance/vet bills................. 59.47
Buildings insurance..................... 38.79
Contents insurance...................... 0
Life assurance ......................... 100.08
Other insurance......................... 54.66
Presents (birthday, christmas etc)...... 7.1
Haircuts................................ 25
Entertainment........................... 30.45
Holiday................................. 23.9
Emergency fund.......................... 15
(Unnamed monthly expense)............... 0
Household maintenance/cleaning.......... 18.8
Bank Account Fee........................ 12.95
Professional Fees x 2................... 44.5
Total monthly expenses.................. 2338.11


Assets
Cash.................................... 200
House value (Gross)..................... 225000
Shares and bonds........................ 0
Car(s).................................. 22000
Other assets............................ 0
Total Assets............................ 247200


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 276995...(578.9)....0
Total secured & HP debts...... 276995....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Loan 1.........................834.01....43.04.....6.47
Loan 2.........................8727.27...153.1.....6.47
Loan 3.........................2540.78...111.7.....6.47
O/D 3..........................1869.95...0.........18.28
O/D 2..........................1116.67...0.........18.28
O/D 1..........................1677.85...0.........19.89
CC 3...........................1794.85...41........17.47
CC 2...........................4501.58...110.......15.9
CC 1...........................3221.3....60........0

MummyDrusilla

MummyDrusilla wrote: »

Well, I've done it. Let's see if it formats correctly......

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1367
Partners monthly income after tax....... 2063.27
Benefits................................ 81.2
Other income............................ 0
Total monthly income.................... 3511.47

Monthly Expense Details
Mortgage................................ 578.9
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 133
Electricity............................. 115)these are combined
Gas..................................... 0)
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 22.39
Mobile phone............................ 57.32 DH's phone is a bone of contention. mine is £15.50 after downgrading with orange this morning. I will downgrade again in december when I'm off contract to a £8 sim-only contract
TV Licence.............................. 12.12
Satellite/Cable TV...................... 26.62
Internet Services....................... 0
Groceries etc. ......................... 340 probably room for manoeuvre but I'm struggling here. I will check out old style boards etc
Clothing................................ 19.6
Petrol/diesel........................... 250
Road tax................................ 13.33
Car Insurance........................... 202.92 for 2 cars - DH has had 3 accidents in the last 5 years, one of which was with me (!) so we're paying for this now
Car maintenance (including MOT)......... 45.25
Car parking............................. 2.25
Other travel............................ 1.44
Childcare/nursery....................... 32 childcare vouchers get taken off through salary - this is the excess
Other child related expenses............ 22.27
Medical (prescriptions, dentist etc).... 3
Pet insurance/vet bills................. 59.47
Buildings insurance..................... 38.79)combined
Contents insurance...................... 0)
Life assurance ......................... 100.08
Other insurance......................... 54.66 professional indemnity
Presents (birthday, christmas etc)...... 7.1
Haircuts................................ 25
Entertainment........................... 30.45
Holiday................................. 23.9
Emergency fund.......................... 15
Household maintenance/cleaning.......... 18.8
Bank Account Fee........................ 12.95
Professional Fees x 2................... 44.5
Total monthly expenses.................. 2338.11


Assets
Cash.................................... 200
House value (Gross)..................... 225000
Shares and bonds........................ 0
Car(s).................................. 22000
Other assets............................ 0
Total Assets............................ 247200


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 276995...(578.9)....0
Total secured & HP debts...... 276995....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Loan 1.........................834.01....43.04.....6.47
Loan 2.........................8727.27...153.1.....6.47
Loan 3.........................2540.78...111.7.....6.47
O/D 3..........................1869.95...0.........18.28
O/D 2..........................1116.67...0.........18.28
O/D 1..........................1677.85...0.........19.89
CC 3...........................1794.85...41........17.47
CC 2...........................4501.58...110.......15.9
CC 1...........................3221.3....60........0

Annotations included.

Aamberle

Hi Mummy,

Well Done on posting - My comment ( for what it is worth) is that you are being a little too tough on yourself..:o You need to look on the positive on all this, you may not have the £750 extra a month to spend on debts - but you do have a bit more than you have now..and you have a plan..which as you know is really the best answer..:D

I wish you every luck, and I bet once you have returned to work, you may find it all will just fall into place..it will be tough and you will need to remain focussed..But I have every faith that you can do it

Big Hugs xx

MummyDrusilla

Cheers aamberle. I've always been guilty of beating myself up too much!!! Thank you for your kind words.

I've just looked back on that and it doesn't seem to have all come out and I'm not sure why. I'll try and plug the figures in again and make sure it all comes out properly this time.

Edit: I'm not sure why it hasn't put in the summary with total and excess. Basically it's


Total monthly income: £3511.47
Expenses (incl. HP & secured debts): £2338.11
Available for debt repayments: £1173.36
Unsecured debt repayments: £518.84
Surplus (shortfall if negative) £654.52

Personal Balance Sheet Summary
Assets: £247,200
Secured & HP Debt -£276,995
Unsecured Debt -£25,829.71
Net Assets -£55,624.71