Living for the Present...after all who doesn't love a gift!

debtfreewannabe321

Hmmm looking at the above SOA's i think perhaps we should just keep the house for now. I didn't think it would affect us that badly but I will only be able to pay £19 a month off the debt :eek: ! I know many of my budgets are quite high but like I said when I started re-posting we've finally gotten ourselves into a comfortable position where we can do things, live a little, stop scrimping on the food budget & afford to send kids to classes and give them pocket money. I will have to cut it all right back again if I sell. Hmph. Not impressed ! Think selling may have to go on hold until we get rid of the debt and then get shot of it asap.

HH, thank you, my hubby said the same. I said to him i'd play around with the figures and see what came up. Well that's the soa's above lol. I honestly thought it would be worth more (not a huge amount more but still...more than that) If i sell at 110,000 even i will be making a loss on what i paid for it in 2006 it's so depressing! I'm not sure i'll ever buy another house again!

Skint_but_Optimistic

The car is stolen in that case - ring the DVLA!!!

Skint_but_Optimistic

And I would keep the house, its your pension, just hang onto it.

debtfreewannabe321

Skint_but_Optimistic wrote: »

The car is stolen in that case - ring the DVLA!!!

:eek: I can't remember the reg number does this matter? Omg i can't believe we were so stupid now

debtfreewannabe321

Just rang the dvla! I can't remember the reg number so i have to fill a form out (in the post to me now) and pay £2.50 to see if it is still in my name! I feel such a mug now, the bloke at the scrap yard was like 'don't worry love we'll do it all for you' &*(&*(*&*&%^%&&^^^^ <

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Insert lots of swear words grrrrrr

Hopelessly_Hopeful

debtfreewannabe321 wrote: »

:eek: I can't remember the reg number does this matter? Omg i can't believe we were so stupid now

They must have other cases like this. I bet DVLA will be able to help you. I can't recall what I had for breakfast somedays, how would you be expected to recall all reg numbers!

HHx

Skint_but_Optimistic

You are sorting it and no its not your fault - for 2.50 better safe than sorry.

Hopelessly_Hopeful

Re SOA


I'd keep the house. Things will come good.

Sounds like you have found right balance between getting through life and paying back your debt.

Most allowances are fine, food looks pricey but there are 5 of you to feed. The SOA enthusiasts would no doubt say bring down food bill, cut gas/electric a little. I would question if you are getting value for money from Park and what the alternatives are. Present allocation seems on the high side but hair and entertainment low so I guess this balances out.

Re mortgage/house. If it's income do you need to keep accounts and pay tax etc? Pluses and Minuses in there. Ie if You did get rid of the house could you claim the loss against the business? How much is in the saving pot for the rental house. Does that need to be in SOA?

You will get there.

HHx

debtfreewannabe321

Hopelessly_Hopeful wrote: »

Re SOA


I'd keep the house. Things will come good.

Sounds like you have found right balance between getting through life and paying back your debt.

Most allowances are fine, food looks pricey but there are 5 of you to feed. The SOA enthusiasts would no doubt say bring down food bill, cut gas/electric a little. I would question if you are getting value for money from Park and what the alternatives are. Present allocation seems on the high side but hair and entertainment low so I guess this balances out.

DS1 has pushed food up since coming back from boarding school he eats us literally out of house and home! I was quite comfortable on £300-350 before he returned lol

Re mortgage/house. If it's income do you need to keep accounts and pay tax etc? Pluses and Minuses in there. Ie if You did get rid of the house could you claim the loss against the business? How much is in the saving pot for the rental house. Does that need to be in SOA?
Last time I enquired about taxes etc was told the house wasn't earning enough (I haven't had a whole year yet where i've had tenants the whole year and they've actually paid so I earn £4-5,000 on it a year then have insurances, mortgage and whatever else out of it) I suppose i should re-look into that but i daren't as i'm scared they will tell me to pay loads back! Oh and savings pot was the one I raided so currently it sits at around £60 it was looking quite healthy before tenant decided not to pay for 2 months :mad:

You will get there.

HHx

Thanks

AND good news hubby remembered the reg number, called back up and the car was NOT scrapped but is no longer in my name *phew* i'm quite angry that the scrap bloke lied to me but on the plus side i won't get into any trouble now as it belongs to someone else! hubby doesn't care either way so long as we're not getting in to trouble *phew, phew, and double phew* !!!!

Hopelessly_Hopeful

Pleased you got the DVLA sorted.

Re house that sounds right. Do you get any JSA or wage outside of tax credit. Sorry am not up on these things.

Boy can DS eat!

HHx