DMP provider won't arrange a DMP if I don't accept their figures.

dfwsometimesoon

ermm in my honest honest opinion..... you have yet to have LMB.... u are entering a debt management plan........

£30 a month for kitchenware, bedware, linens etc ..are u using disposable cutlery???

£18/month for lottery ermmm this is a lot....


£50/month for outings/hobbies .... u cant afford outings/hobbies u have gym.....

£40/month for occasions such as birthdays, religious festivals, anniversary etc .... again u cant afford to give lavish gifts on a DMP


can i ask how many are in family and what is the household budget they have allowed u?

Gothicfairy

The lottery > You are kidding right ? Surely that is the last thing you can afford ?

1= £90 per month for phones is a very high amount I think and I can see why they would not allow that.

2 = £30 per month for kitchenware etc..how can you need stuff each month ? I only ever buy things like that maybe once a year and then at charity shops or car boot sales ( I have just bought a whole new bed linen set for £1 M&S as the seller didn't like the pattern when they got it home)

3= find a cheaper gym, there are plenty out there and some in my area are around £12 to £17 per month

4 = Still can't believe you tried that one

5= Hobbies should be the first thing to go when it debt, find things that are free.

6= why do you need cable ? Get freeview. Landline again is an issue I would think with a £90 per month mobile bill, surely you don't need both ?
7= again this should be the first / second thing to go as you clearly can't afford it.

Hope that helps, you need to be more reasonable, you are in debt and can't afford your lifestyle so there needs to be big changes.

sjsindebt

Thanks for your feedback. Now I get a better picture what I need to cut down.

Mrs_Arcanum

sjsindebt wrote: »

1. 2 mobile phones on contract for me and missus £90/month - Payplans figure is £50. I told them they are on contract and one of them will be due for renewal in September but I won't upgrade the phone which will reduce the bill. Leave the contract one to Sept then go PAYG - the other one extend/reduce monthly payment.

2. I put down £30/month for kitchenware, bedware, linens etc. Payplan suggested they come out of housekeeping budget. This MUST come from Housekeeping

3. They don't agree with my gym membership which is £38/month. I told them that I work in IT industry so don't get enough physical activities on day to day basis. Gym membership is necessary to reduce stress. I also mentioned them that sometime ago I was being treated/counseled for severe depression and anxiety and my doctor suggested me that I spent sometime in gym. Switch to a council Gym on a pay for use basis

4. I put down £18/month for lottery, they said it must come out of housekeeping. You can only afford this from spare housekeeping as NOT ESSENTIAL

5. I put down £50/month for outings/hobbies and they are not happy with it. Maximum is £30 pcm

6. For cables, satellite, and landphone I spend £60/month. They said £30. I told them that we watch a few international channels which are not free. The land-phone also includes unlimited phone calls to Australia where my in laws live. Does this include TV Licence?

7. We keep aside/spend £40/month for occasions such as birthdays, religious festivals, anniversary etc. They are not happy with it. Max is £20

I also mentioned them that, I don't spend any money for tobacco, alcohol etc. but need to spend a reasonable amount of money outings and stuffs.

Please suggest me if what I'm doing is correct.

You have a lot of fat to trim before they will accept you for a DMP

WestonDave

You might need exercise, but you don't need a gym membership. There are plenty of ways of getting fit without sitting in a gym peddling a bike that goes no-where. Get a bike off Freecyle and ride that, go for a run, or a walk, use the council swimming pool, join a Sunday league football team (they are all doing preseason training and have a social side as well which might help your stress!).

Lottery is a tax on the daft, you won't win it, and you are just tipping £18 per month down the drain instead of paying off your debts with it.

Mobiles - mine is £5 per month so you can see why they balk at the latest Iphone on an unlimited tariff!

You should be able to manage on what you have for bedwear etc if you've been spending at that rate!

You are in this situation because you have spent more money than you have had coming in, and have set your spending patterns according to what you want or think you are entitled to, rather than what you can afford. Fine - plenty do that, but when you hit the buffers as now, you not only have to cut your lifestyle back to what you can afford, but further again to make some spare cash available to clear debts. That means your lifestyle has to significantly drop.

[Deleted User]

I'd be more surprised if PP didn't explain the seriousness of what you are wanting to enter into.

DMP and last resort formal solutions are serious stuff

You might be better going it alone, because I can't see anyone accepting your i&e (unless their a dodgy pay for DMP company)

sjsindebt

Thanks folks, your feedback are really helpful. I'll try my best to follow those.

Takeaway_Addict

sjsindebt wrote: »

Thanks folks, your feedback are really helpful. I'll try my best to follow those.

its refreshing to see someone listen and not come up with umpteen reasons as to why everyone else is wrong...


Good luck

Bored

Welcome to the forum.

You've had some good advice on this thread, but I suggest you stay on the forum and have a read of some of the debt free diaries. They are very inspirational and will allow you to see just how other people manage to cut their outgoings but still have a good quality of life! The old style forum is also excellent for advice on cutting down your grocery bill.

Gothicfairy

Might be an idea to do a soa and let people see if they can come up with any more cost cutting ideas.