Advice on reducing debt

lucky_mum_2

Hello, this is my first post but i am a regular reader and have started to reduce my debt since coming back from maternity leave, in six months i have paid off £4000 but i want to pay my debts back as quick as possible so i have the option to survive on my husbands wage. I have completed one of those forms with our outgoings and will post below.
I would be grateful for advice where i can cut back further as we seem to break even every month and not sure what is happening to the excess. I am going to sell our second car as it will leave us with around £1500 to buy a cheaper run around.

Thank you

lucky_mum_2

Please see below for statement

[tt]Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1750
Partners monthly income after tax....... 2200
Benefits................................ 134
Other income............................ 0
Total monthly income.................... 4084

Monthly Expense Details
Mortgage................................ 1000
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 129
Electricity............................. 50
Gas..................................... 60
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 42
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 30
Petrol/diesel........................... 250
Road tax................................ 23
Car Insurance........................... 80
Car maintenance (including MOT)......... 41
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 525
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 30
Contents insurance...................... 30
Life assurance ......................... 70
Other insurance......................... 5
Presents (birthday, christmas etc)...... 40
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 3057


Assets
Cash.................................... 0
House value (Gross)..................... 250000
Shares and bonds........................ 0
Car(s).................................. 20000
Other assets............................ 1500
Total Assets............................ 271500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 184000...(1000).....5.8
Total secured & HP debts...... 184000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
watch..........................80........20........0
barclaycard....................4416......240.......0
virgin.........................6232......66........0
next...........................270.......20........29
CAR 2..........................4500......0.........6.5
SOFA...........................459.......42........0
CAR............................4791......280.......7.8
Total unsecured debts..........20748.....668.......-


Monthly Budget Summary
Total monthly income.................... 4,084
Expenses (including HP & secured debts). 3,057
Available for debt repayments........... 1,027
Monthly UNsecured debt repayments....... 668
Amount left after debt repayments....... 359

Personal Balance Sheet Summary
Total assets (things you own)........... 271,500
Total HP & Secured debt................. -184,000
Total Unsecured debt.................... -20,748
Net Assets.............................. 66,752

Hiddenidenity

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

Monthly Income Details
Monthly income after tax................ 1750
Partners monthly income after tax....... 2200
Benefits................................ 134
Other income............................ 0
Total monthly income.................... 4084

Monthly Expense Details
Mortgage................................ 1000
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 129
Electricity............................. 50 This added with Gas Seems high, is there any debt? Check comparison sites etc
Gas..................................... 60 See above
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 40 Do you use all the "free" stuff in contract? Could you downgrade a little if not?
TV Licence.............................. 12
Satellite/Cable TV...................... 42 This isnt really a need and could be cheaper
Internet Services....................... 0
Groceries etc. ......................... 500 This is high, very high, pop over to the oldstyle board theres lots of help to cut this over there
Clothing................................ 30 Every month?
Petrol/diesel........................... 250 All essential?
Road tax................................ 23
Car Insurance........................... 80 Is this could again check when your due to renew
Car maintenance (including MOT)......... 41
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 525
Other child related expenses............ 50 Whats this? Essential?
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 30 Is this good?
Contents insurance...................... 30 This seems high with buildins check comparison sites
Life assurance ......................... 70 Is this could for what you get?
Other insurance......................... 5
Presents (birthday, christmas etc)...... 40Could probably cut this a little
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 3057


Assets
Cash.................................... 0
House value (Gross)..................... 250000
Shares and bonds........................ 0
Car(s).................................. 20000
Other assets............................ 1500
Total Assets............................ 271500


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 184000...(1000).....5.8
Total secured & HP debts...... 184000....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
watch..........................80........20....... .0
barclaycard....................4416......240...... .0
virgin.........................6232......66....... .0
next...........................270.......20....... .29
CAR 2..........................4500......0.........6.5
SOFA...........................459.......42....... .0
CAR............................4791......280...... .7.8
Total unsecured debts..........20748.....668.......-


Monthly Budget Summary
Total monthly income.................... 4,084
Expenses (including HP & secured debts). 3,057
Available for debt repayments........... 1,027
Monthly UNsecured debt repayments....... 668
Amount left after debt repayments....... 359 Do you really have this left? If not I suggest looking over bank statements/keeping a spending diary

Personal Balance Sheet Summary
Total assets (things you own)........... 271,500
Total HP & Secured debt................. -184,000
Total Unsecured debt.................... -20,748
Net Assets.............................. 66,752