Statement of affairs, where can I cut back?

BrettMorganxD

KxMx wrote: »

Keep a spending diary and track every penny- newspapers, cans of coke ets, write it all down so you can see where it's going.

well that is a good idea. tbh

any ideas on good sources of 2nd income

[Deleted User]

agree with above poster - if you don't have the £200 available at the end of the month, keep a spending diary.

Do it on your phone, computer, note pad - whatever suits you. But make sure that EVERY penny you spend gets noted down. Write down everything from a carton of milk to DD's, to nights out, coffees, newspapers etc and everything in between!

You will soon see where it goes.

Once you know where it's going you'll be able to decide if these are NECESSARY spends.....or if they are things that you can cut back on.

D9

McKneff

Even if you spend £1 on a sandwich, record it.

Saving is ok Brett but you must have a life too. a reasonable sort of life. Youre a long time dead.

You could be run over by a bus tomorrow, somone else will be quite happy to spend the money that you have scrimped and done without for, on fripperies. Thats my philosophy anyway. Are you saving for anythign in particular?

McKneff

What kind of work do you do now.

Is it a normal 9 to 5, 8 till 5.

and is your name really Brett, I only ask because my sons name is Brett, silly of me I know but he is 44 and I still love the name
'Brett'

barbarawright

You really live on £40 a month for food and everything else? No new socks, underwear, toothpaste, soap, shampoo etc? Or is that included?

joedenise

You've got nothing down for entertainment. Don't you ever go out? To see a film, down the pub with your mates?

Denise

ikkle87

Also you have nothing for mobile/phone? Most people nowadays have a phone even if its PAYG

BrettMorganxD

mcknef - 7 - 2 -, 2 - 9 or 7 - 9 are my shifts rota month to month. i am saving for a house deposit

babara - yes, i get a bunch of clothes whenever i go on holiday they usually last ages

joedenise - No don't have any entertainment. Sometimes buy a game like i just did for £21 BUT that is just part of the £200.

PAYG mobile with free texts every topup, £10 a month
.

ikkle87

Your SOA needs changing then as it's inaccurate. You said you don't know where that £200 goes but like you've just said you top your phone up out of it or use it for entertainment like buying games, these are things which have their own category on the SOA and need putting in, if you fill it in honestly then people will be able to see where the £200 is actually going and how you can but back.

On the £40 per month for food is that accurate? What do you buy? Do you make your own lunch to take to work or do you buy when you are there a ready made sandwich etc?

asparagus1968

hiya,

whats the secured (HP)debt please?what is it secured on?( no mortgage)

is the littlewoods debt?that is an unsecured debt surely?

you could look at the "up your income" board for lots of ideas.

re-do the SOA if you like,but with more detail.

i'd recommend getting some contents insurance (go through a cashback site too!)

good luck