Time to get motivated!

time_to_get_motivated

NEW & IMPROVED SOA
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1560
Partners monthly income after tax....... 1157
Benefits................................ 146
Other income............................ 270
Total monthly income.................... 3133

Monthly Expense Details
Mortgage................................ 300
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 98.33 now divided by 12
Electricity............................. 40
Gas..................................... 52
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 15
Mobile phone............................ 80
TV Licence.............................. 13
Satellite/Cable TV...................... 20 reduced from 30 until end of contract
Internet Services....................... 10
Groceries etc. ......................... 866 now bundled with clothes fuel birthday presents and entertainment/ prescription for our target £200 per week
Clothing................................ 0 see groceries
Petrol/diesel........................... 0 see groceries
Road tax................................ 40
Car Insurance........................... 110
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 see groceries
Pet insurance/vet bills................. 0
Buildings insurance..................... 20
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 just kept some for xmas birthdays to be dealt with weekly
Haircuts................................ 0
Entertainment........................... 0 see groceries
Holiday................................. 0
Emergency fund.......................... 0
boiler cover............................ 13
tax..................................... 270
Total monthly expenses.................. 2032.33


Assets
Cash.................................... 392.81
House value (Gross)..................... 185000
Shares and bonds........................ 5687.5
Car(s).................................. 5000
Other assets............................ 2002.76
Total Assets............................ 198083.07


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 137313...(300)......0
Total secured & HP debts...... 137313....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
1..............................688.53....0........ .0
2..............................186.1.....0........ .0
3..............................145.......0........ .0
11.............................7999......25.5..... .0
10.............................1000......0........ .0
9..............................2900......420...... .0
8..............................600.......100...... .0
7..............................1482.96...185.4.... .0
6..............................14000.....0........ .0
5..............................480.12....0........ .0
4..............................585.2.....0........ .0
Total unsecured debts..........30066.91..730.9.....-


Monthly Budget Summary
Total monthly income.................... 3,133
Expenses (including HP & secured debts). 2,032.33
Available for debt repayments........... 1,100.67
Monthly UNsecured debt repayments....... 730.9
Amount left after debt repayments....... 369.77

Personal Balance Sheet Summary
Total assets (things you own)........... 198,083.07
Total HP & Secured debt................. -137,313
Total Unsecured debt.................... -30,066.91
Net Assets.............................. 30,703.16

time_to_get_motivated

Well the week has gone very well so far would normally have done at least a couple of small shops by now, but have made a real effort to use up things we have and get creative! Its time to withdraw the £200 for this week but don't need to today! We have survived the week on the £4 i had in my purse on Sunday!

This morning we have been baking and have made chocolate muffins (that are rather huge due to me adding 2tbs of baking powder when it was supposed to be tea spoons!) some vanilla muffins, a loaf is in the bread maker and we have rustled up a chicken pie for dinner! In the baking mood now and have loads of baking supplies nearing their use by date as have been in the cupboard for so long! So any suggestions of what else to bake would be great! :-)

time_to_get_motivated

:-( after all that the bread maker refused to bake the bread... don't know whats wrong with it so searched online and still couldnt find out so called the manufacturer who said they didn't know either and tried to sell me an iron?! Muffins are yummy tho!

Hiddenidenity

Sounds like your doing really well So positive!

time_to_get_motivated

£1074.84 cleared so far! What a difference keeping my eyes on the ball makes! Didn't manage to stick to the £200 last week will try again starting week 2 today! I did manage to do some extra work though so now need to sit down and work out what we spent in total for week 1. I think once it passed £200 we gave up and thought we would start again today but this is not the way to think! Will update when I have the total :-(. On a good note pleased with the amount we have cleared so far and ready to crack on.

time_to_get_motivated

Ok grand total for week 1 £392.16/£200
ooops :-( I hope it will even out though as had to buy wipes and nappies that I get in bulk and also fuel! I earnt £300 that I wasn't expecting to though so still on track. At least everything is being written down and accounted for now.
Off to get organized for week 2!

time_to_get_motivated

£1673.44 has been paid off so far! Feels so good to watch those numbers go down! Having a few issues getting hubbie completely on board as he doesn't seem to really get the whole £200 a week thing and cant get the fact that any other purchases also need to come out of that £200 averaged out!

Hiddenidenity

Dont get too disappointed you were over the first week, as you get more use to the new budget it will get easier. Although if DH is not completely on side it will be a lot more difficult x x

Fae

Is it worth showing DH this diary so that he can understand what this means to you, and how concerned you are he perhaps just doesn't get how important this is to you.

You have made payments though and that is always good even if it's not as much as you hoped.:)

Fae

time_to_get_motivated

Thank you :-) I know we will get there in the end! Think we have managed to pay off more than planned even though we did go over as I earned a bit extra, I'm getting a bit addicted to making payments now! Need to look at the next few months as a whole I think so I don't get disheartened and go off track in August as this is the month I don't earn much but averages out over September/ October! Do you have diaries? I could spend hours reading through them all! Does feel good to be properly aware of our finances! I downloaded a money program and put all of our bills etc in so its nice to be able to look ahead at what the balances will be if we stay on track!