My statement of affairs

alyxzandra

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1771
Partners monthly income after tax....... 1229
Benefits................................ 84
Other income............................ 0
Total monthly income.................... 3084

Monthly Expense Details
Mortgage................................ 460
Secured/HP loan repayments.............. 41
Rent.................................... 0
Management charge (leasehold property).. 40
Council tax............................. 110
Electricity............................. 62
Gas..................................... 62
Oil..................................... 0
Water rates............................. 26
Telephone (land line)................... 35
Mobile phone............................ 47
TV Licence.............................. 14
Satellite/Cable TV...................... 26
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 0
Petrol/diesel........................... 260
Road tax................................ 23
Car Insurance........................... 60
Car maintenance (including MOT)......... 58
Car parking............................. 48
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 15
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 56
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 10
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 100
Holiday................................. 0
Emergency fund.......................... 22
Total monthly expenses.................. 1959


Assets
Cash.................................... 0
House value (Gross)..................... 40000
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 41000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 85000....(460)......3.95
Hire Purchase (HP) debt ...... 738......(41).......0
Total secured & HP debts...... 85738.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Halifax Platinum...............9116.02...91.16.....20.9
Virgin.........................3847.2....0.........15.9
Virgin.........................1656.01...37.99.....16.9
Overdraft......................1000......25........0
BT.............................2814.37...68.32.....18.9
Barclaycard....................3971.41...89.35.....16.9
HSBC CC........................1999......55........16.9
Halifax loan...................2207......81.76.....0
HSBC loan......................7489.42...197.......0
Tesco..........................2938.01...58........15
Mon............................2800......70........0
Kenny..........................400.......20........0
Marie..........................2145......55........0
Halifax one....................3847.2....149.2.....26
Total unsecured debts..........46230.64..997.78....-


Monthly Budget Summary
Total monthly income.................... 3,084
Expenses (including HP & secured debts). 1,959
Available for debt repayments........... 1,125
Monthly UNsecured debt repayments....... 997.78
Amount left after debt repayments....... 127.22

Personal Balance Sheet Summary
Total assets (things you own)........... 41,000
Total HP & Secured debt................. -85,738
Total Unsecured debt.................... -46,230.64
Net Assets.............................. -90,968.64


Credit card debt as of 1 June 2011 - 43423
June 2012 - 37164.36

Halifax loan as of June 2011 - 2943.36
June 2012 - 2207.52

Still living on overdraft of £1000

HSBC Loan as of August 2010 - £11,000
June 2012 - 7489.42

sistafromanothermista

alyxzandra wrote: »

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1771
Partners monthly income after tax....... 1229
Benefits................................ 84
Other income............................ 0
Total monthly income.................... 3084

Monthly Expense Details
Mortgage................................ 460
Secured/HP loan repayments.............. 41
Rent.................................... 0
Management charge (leasehold property).. 40
Council tax............................. 110
Electricity............................. 62
Gas..................................... 62
Oil..................................... 0
Water rates............................. 26
Telephone (land line)................... 35
Mobile phone............................ 47 IS THIS FOR 1 MOBILE? SEEMS A LITTLE HIGH IF IT IS
TV Licence.............................. 14
Satellite/Cable TV...................... 26
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 0
Petrol/diesel........................... 260
Road tax................................ 23
Car Insurance........................... 60
Car maintenance (including MOT)......... 58
Car parking............................. 48 CAN THIS BE REDUCED AT ALL?
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 15
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 56
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 10
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 100 WHAT IS THIS FOR? CAN I BE CUT/REDUCED?
Holiday................................. 0
Emergency fund.......................... 22
Total monthly expenses.................. 1959


Assets
Cash.................................... 0
House value (Gross)..................... 40000
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 41000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 85000....(460)......3.95
Hire Purchase (HP) debt ...... 738......(41).......0
Total secured & HP debts...... 85738.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Halifax Platinum...............9116.02...91.16.....20.9
Virgin.........................3847.2....0.........15.9 0 IS THIS RIGHT?
Virgin.........................1656.01...37.99.....16.9
Overdraft......................1000......25........0
BT.............................2814.37...68.32.....18.9
Barclaycard....................3971.41...89.35.....16.9
HSBC CC........................1999......55........16.9
Halifax loan...................2207......81.76.....0 0% APR?
HSBC loan......................7489.42...197.......0
Tesco..........................2938.01...58........15
Mon............................2800......70........0
Kenny..........................400.......20........0
Marie..........................2145......55........0
Halifax one....................3847.2....149.2.....26
Total unsecured debts..........46230.64..997.78....-


Monthly Budget Summary
Total monthly income.................... 3,084
Expenses (including HP & secured debts). 1,959
Available for debt repayments........... 1,125
Monthly UNsecured debt repayments....... 997.78
Amount left after debt repayments....... 127.22

Personal Balance Sheet Summary
Total assets (things you own)........... 41,000
Total HP & Secured debt................. -85,738
Total Unsecured debt.................... -46,230.64
Net Assets.............................. -90,968.64


Credit card debt as of 1 June 2011 - 43423
June 2012 - 37164.36

Halifax loan as of June 2011 - 2943.36
June 2012 - 2207.52

Still living on overdraft of £1000

HSBC Loan as of August 2010 - £11,000
June 2012 - 7489.42

Hi and welcome to the board
I have made a few comments above but i am by no means an expert (as you can see form my sig i'm in the same ship )

Do you both work full time or part time? any way to increase your hours at all? Maybe 2nd job?
Well done you though on reducing your debts down so far :T

alyxzandra

Thanks...the "entertainment" is actually car boot sales where we buy stuff and resell onwards. We make a small profit on what we sell depending on our finds.

The mobile phones are for two - my husband and I - one is £22 and the other is £25. Car parking...don't get me started. That is rented from the council where I work. The Virgin interest is correct. I negotiated that amount with them otherwise it would have been higher. Marie is a friend who paid off one card for me and I just pay her back. Halifax loan is 26.9% and all the interest was added at the start of the loan. Same with HSBC.

I looked into public transport to work and forget it. My son's nursery opens at 0730 and the way the trains run into my work I will be there after 9am and need to be in by 9am otherwise I am considered late. So, I am stuck with paying for parking and high petrol prices. Once he starts school next year then I can take the train, but not now. Due to other issues, cannot even change his nursery as he has special support in place. In the meantime, I am trying to find work closer to home.

sistafromanothermista

Ok, looks like you've got it all in hand...
What about any OT at work?
Have you tried the snowball calculator to give you a date to work to?

Hovel_lady

Is your house really worth £40000 with a mortgage of £85000? :think:

alyxzandra

Meant to add we both work FT. We leave at 0715 and do not get home until 7pm. My husband spends 1.5 hours each way to work and mine is 1 hour each way. But, looking at it we have reduced quite a bit this past year. On November 2013 the hire purchase will be paid off, the extra money for a roof to the council will be paid the same month and my leasehold goes down...Cannot wait until 2013 so I can snowball the payments once the OD is paid.

alyxzandra

£40,000 is the equity...I owe £85,000 and it is worth £125,000

sistafromanothermista

alyxzandra wrote: »

Meant to add we both work FT. We leave at 0715 and do not get home until 7pm. My husband spends 1.5 hours each way to work and mine is 1 hour each way. But, looking at it we have reduced quite a bit this past year. On November 2013 the hire purchase will be paid off, the extra money for a roof to the council will be paid the same month and my leasehold goes down...Cannot wait until 2013 so I can snowball the payments once the OD is paid.

??? Roof?


(just seen changes above)

alyxzandra

sistafromanothermista wrote: »

Ok, looks like you've got it all in hand...
What about any OT at work?
Have you tried the snowball calculator to give you a date to work to?

Forget OT. I work for a local council...you know, we are all rich with gold plated pensions, you know.

Husband is a civil servant...

Hovel_lady

alyxzandra wrote: »

£40,000 is the equity...I owe £85,000 and it is worth £125,000

Ahh, I see

You need to put £125 000 in as the gross value.

alyxzandra

sistafromanothermista wrote: »

??? Roof?


(just seen changes above)

I live in a leasehold maisonette and the council decided that the roof needed to be redone to bring it up to current requirements. I am paying my 1/4 share. It was at £56 per month for other repairs to the building they did, but that is now paid off and it went down in April. I so want to get rid of Sky and go to Sky Freeview, but my son is addicted to a lot of the children's programs that is not on Freeview. However, for 1.5 years I negotiated with Sky to get the same package for £11 a month. But, it just went up to the regular price. :mad: