Caz counts it down

cazmanian_minx

JustAboutThere wrote: »

Well, that's why I remember reading. Something about Kevin Bacon not wanting to get tied down to a long running production schedule. Trouble is, I don't want to go searching to confirm in case I come across spoilers by mistake.

I don't mind spoilers so I went for a Google - all I can find is that the series creator has the story mapped out to the end of Season 3, no news on whether they'll actually film it or not.

JustAboutThere

Well, Kevin Bacon lost a shed load of money in the Madoff / ponzi scheme. So, perhaps it's a case of money talks.

cazmanian_minx

I thought I'd be brave and check my SOA still works. These are just my figures, Mr Minx's income is not included.

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 650 Mr Minx's contribution to the bills that are paid from my account
Total monthly income.................... 1950

Monthly Expense Details
Mortgage................................ 737
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 113
Electricity............................. 172 yes, it's horrendous, but with night storage heating on the THTC system, there's only one tariff we can use. Oil works out even more expensive!
Gas..................................... 0
Oil..................................... 20 This is for the annexe.
Water rates............................. 0 Included in council tax in Scotland
Telephone (land line)................... 0 Mr Minx pays for this and the house broadband.
Mobile phone............................ 2.5 £10 top up three times a year.
TV Licence.............................. 12.12
Satellite/Cable TV...................... 65.25 It comes out of my account, but Mr Minx pays for this in his monthly contribution as he's the one who wants the full HD package...
Internet Services....................... 0 See Telephone
Groceries etc. ......................... 175 My half. It all comes out of my account, but Mr Minx pays me back half after each shop.
Clothing................................ 0 Comes out of my Entertainment spend, doesn't have a separate line
Petrol/diesel........................... 80
Road tax................................ 12
Car Insurance........................... 15
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20 £10 each put aside for dentist and optician. Prescriptions are free.
Pet insurance/vet bills................. 170 This is all the animal expenses - £150 a month for 2 horses, £20 a month for the dog (Mr Minx pays for her food, I just do insurance, vet bills, worming etc.)
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 0
Entertainment........................... 25
Holiday................................. 30 Pays for a trip south to see my Mum once a year. Mr Minx pays for our holiday, very generously.
Emergency fund.......................... 0
Septic tank............................. 5 Gets emptied every three years, it was £160-ish last time, I should think it'll have gone up by 2016.
Total monthly expenses.................. 1738.87


Assets
Cash.................................... 0
House value (Gross)..................... 175000
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 177500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 119025...(737)......1.6
Total secured & HP debts...... 119025....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Egg............................5280......110.......16.9
Barclaycard....................2330......55........6.9
Nationwide.....................2480......25........9.9
Total unsecured debts..........10090.....190.......-
Egg and Nationwide both currently on 0% deals.

Monthly Budget Summary
Total monthly income.................... 1,950
Expenses (including HP & secured debts). 1,738.87
Available for debt repayments........... 211.13
Monthly UNsecured debt repayments....... 190
Amount left after debt repayments....... 21.13

Personal Balance Sheet Summary
Total assets (things you own)........... 177,500
Total HP & Secured debt................. -119,025
Total Unsecured debt.................... -10,090
Net Assets.............................. 48,385

Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

So it's tight, but it balances. I'm uncomfortably aware that I'm just one big vet bill from disaster though, as the horses aren't insured....

Knit_Witch

so the sooner you can clear a debt and have a little more disposable income the better - can you challenge yourself to get one cleared in a certain period of time?

cazmanian_minx

Knit_Witch wrote: »

so the sooner you can clear a debt and have a little more disposable income the better - can you challenge yourself to get one cleared in a certain period of time?

The problem is that the snowball debt is the largest one - the Egg card. I think the snowball calculator currently reckons about 3 years to pay it off. All spare cash is currently being thrown at it, but I'm going to run out of things to sell soon, or at least things I don't mind selling....

Knit_Witch

cazmanian_minx wrote: »

The problem is that the snowball debt is the largest one - the Egg card. I think the snowball calculator currently reckons about 3 years to pay it off. All spare cash is currently being thrown at it, but I'm going to run out of things to sell soon, or at least things I don't mind selling....

Blast, hmm may be crazy but would it be worth swapping the spare cash payments to the smaller one and clear that out?

cazmanian_minx

Knit_Witch wrote: »

Blast, hmm may be crazy but would it be worth swapping the spare cash payments to the smaller one and clear that out?

I'd rather not if at all possible - the difference is 10% a year. As I pay this one off the minimum payment will come down quite quickly. In the meantime, I need to keep ploughing on with the business and try to increase the amount I can take out of it without jeopardising it.

Knit_Witch

cazmanian_minx wrote: »

I'd rather not if at all possible - the difference is 10% a year. As I pay this one off the minimum payment will come down quite quickly. In the meantime, I need to keep ploughing on with the business and try to increase the amount I can take out of it without jeopardising it.

Fair enough - I was just trying to think things around

DebtFree2012

We're in the same boat Caz, if we don't up the income then there's nothing spare to pay off the debt with so we have to be patient and hope nothing happens in the mean time. If it does, we handle it, cos that's what we do

Keep ploughing away - it's good to have a check every now and again.

cazmanian_minx

There's an extra fiver's wiggle room in the budget, the minimum payment for the Barclaycard is down to under £50 That meant I didn't have to transfer anything extra into the bills account to make all the payments and could transfer £1.63 into my rounding down bank account (AKA fledgling emergency fund) which takes it over £70. I'm thinking that using that account as the annual spends float might not be a bad idea - to cover the insurances and car maintenance figures I'd need to put £127 a month in there from the NatWest account. I might start doing that over the summer, once the main annual spends are out of the way.

Anyway, Friday appears to have come round again, so here we go with the figures:

Business
Overdraft: -£-8378.96 / -£7937.57 +£441.39

Business total: -£8378.96 / -£7937.57 +£441.39

Personal
Egg card: -£5320.00 / -£5270.00 +£50.00
Barclaycard: -£2330.00 / -£2295.00 +£35.00
Nationwide card: -£2480.00 / -£2480.00 no change

Personal total: -£10130.00 / -£10045.00 +£85.00

Grand total: -£18,508.96 / -£17,982.57 +£526.39

The good news is that it's all green, the bad news is that I paid the freight, VAT and duty on the charm bracelet order this morning and I've underestimated by £177 With another £1292.89 due out on the 22nd plus £37.02 in bills coming out some time next week (probably Monday and Tuesday), I need to find £801 by Tuesday night if I don't want to touch my set aside tax bill money. There's £43 on its way from a credit card payment and I can take £140 out of the business savings and still have enough to pay the tax if I have to, but weekend sales haven't been that good - though thanks to the lovely European lady, I was less than £1 short of banking £2k this week

I think this weekend is going to be spent listing every scrap of spare stock I can find!