Help! Debt

pink_fairy_7

Hi

Sorry for the confusion. The bills + food come to £1250. We pay £625 each. We split the food bill even though I have the 3 kids. My partner always pays for meals out, holidays etc. We have cut all the utilities, phone etc.
The grocery bill was £350 but through using the old style board I have cut to £200. Our rent + council tax is quite high, however we cannot move at the moment.

Thanks for the kind words.Trying to keep the beasties out
Pink Fairy

pink_fairy_7

Latest Debt
Egg Loan £17,611.11 7.7% £296.25 Ends Oct 2011 Now £16868.70
Nothern Rock Loan 10 years 9.9% £194.23

Barclaycard £7,570.17 6.9% Now £2510 6.9%
Morgan Stan £2,850 0.0% cleared (BT rate ended in November)
Egg £1,000 0.0% (£1.5K Limit) Now £1130.88 3%
Capt One £4600 8.13%

Total cc now £8240.88

BUDGET
425.00 Bills (now live with partner we split half each)
200.00 Grocery
70.00 Petrol
20.00 School trips/expenses
20.00 Birthdays
40.00 Clothes (kids only)
18.00 Magazine subs
14.00 Haircuts
40.00 Misc expenses
490.48 Loans
600.00 Credit Cards now to pay £900
1937.48 total new total £2237 :T

1488.00 wages now £ 1823
123.00 Child Benefit
200.00 Maintenance
160.00 From daughter until Dec now £100
1971.00 total now ££2246

Once the cc's are cleared going to overpay egg loan and clear as soon as possible. Thanks to this site and Martin's book I'm on the way to being debt free. It is possible if you are willing to change your thinking and go without.
The only money I spend on myself at the moment is mag subs and a haircut every 6 weeks. I spend the minimum on the kids. We eat cheaply. Christmas will be paid for with Ebay/ Amazon sales. I also worked hard and got promoted.
Sorry if this sounds condescending it's not meant to.
I've also realised with my DD being really poorly a little while ago that I would of been unable to stop working to look after her if I had had to because of all the debt. This has made me even more determined to clear it.

Sorry to ramble
pink fairy x

tattooed_lady

Wow pink fairy! Well done so far :T

pink_fairy_7

I need to update my SOA and debt amount as I have fell off the wagon lately. The debt is not clearing as quick as i would like due to all sorts of reasons. In fact the CC debt has risen.:o Will start posting again I think as it will help to keep me on the straight and narrow. I'm so mad at myself.

pink fairy x

bargainbetty

Don't sweat it - that's why wagon trains usually move slowly... so you can catch them up again.

People are still here to help!

beanielou

yeah, we all fall off the wagon sometimes.
Just climb back on

pink_fairy_7

Well this week I have managed to get going again

sent 2 old mobiles to envirophone £17.97 (waiting for money)
coupons from mum out of papers/magazines and from todays Mail £9.80
15.00 from my copper jar
55.00 from ebay :j

I plan to list more stuff on ebay this week and I should have £25+ in my rpoints account after tom(to pay off cc). Mum has also got some more coupons for me (hopefully i will get a nice SA at Asda.:o )


pink fairy x

pink_fairy_7

Updated SOA from pink fairy

BUDGET
740.00 Bills and Mortgage
200.00 Grocery
150.00 Petrol
20.00 Birthdays
40.00 Clothes
12.00 Magazine subs
14.00 Haircuts
40.00 Misc expenses - school etc
490.48 Loans
405.00 Credit Cards
total = £2111


Wages now £ 1823
123.00 Child Benefit
200.00 Maintenance

Total = £2146

delboypass

congrats on the turn around..

You could also ask the kids to help pay some rents and costs of living. Sounds like they are old enough to help out.

I know a lot of kids these days expect their parents to look after them til they are over 30+.

pink_fairy_7

Hi
I will do as soon as they can:D
Son is 16 and doing his GCSE's at the moment. Eldest daughter is 19 and just getting back on her feet properly again after a serious illness in October.
At least son will have a job over the summer and so will be able to buy all his own clothes at last!!

pink fairy x