an updated SOA

saintly_2

I look at it an cant see a way of saving more money im sure u hardened mse'rs can help


Monthly Incomings:

My salary - £960

Total - £960

Monthly Outgoings:

Mortgage/Rent - £150 includes food and toiletries
Phone - £11.00
Sky broadband- £10
Car Insurance - £35.49
Petrol - £70
Mobile - £10
odds and sods (car, hair cuts, clothes) - £50

Total: £336.49

i dont drink, dont smoke and my boyf pays for everyhin at the weekends coz i put petrol in the car

MBNA – Balance £1400 (limit £1500) £50 a month

Natwest loan – Balance £9152, 44 months to go £208 a month

Overdraft - £750 (limit £750)

car finance - £118

cocalls

Monthly Incomings:

My salary - £960

Total - £960 Any chance you can get o/t or extra p/t time job

Monthly Outgoings:

Mortgage/Rent - £150 includes food and toiletries (I'm presuming you live at home-any chance this can be reduced by a little bit)
Phone - £11.00 Can this be reduced?
Sky broadband- £10 Do you need this?
Car Insurance - £35.49 check you are getting the cheaper poss on quidco
Petrol - £70 seems high-can you get bus/walk sometimes
Mobile - £10
odds and sods (car, hair cuts, clothes) - £50

Total: £336.49

i dont drink, dont smoke and my boyf pays for everyhin at the weekends coz i put petrol in the car

MBNA – Balance £1400 (limit £1500) £50 a month

Natwest loan – Balance £9152, 44 months to go £208 a month

Overdraft - £750 (limit £750)

car finance - £118

Can you give us the APRs on all your debts?


According to my calculations you have over 200 quid to spend on yourself-is this right? If so can you keep a spending diary to find out where all the money is going if you dont drink & boyf pays for everything?

highguyuk

This seem quite a "tight" SOA alright, not much excess expenditure. But, a few suggestions:

saintly wrote: »

Monthly Incomings:

My salary - £960

Could this be topped up with a push of some income? eBay/Amazon sales/car boot sales over Easter? Another job is hard to find, and hard to fit in to a part time job.

Total - £960

Monthly Outgoings:

Mortgage/Rent - £150 includes food and toiletries

Check the old style moneysaving board - could be a tip over there you've never thought of!

Phone - £11.00

Are you taking advantage of sites such as https://www.18185.co.uk for cheaper calls?

Sky broadband- £10

Car Insurance - £35.49

As suggested, check sites such as https://www.confused.com and make sure that your on the cheapest. It may be beneficial even to cancel your policy now and take an "admin fee" hit. If it is beneficial, purchase through Quidco for cashback in your pocket.

Petrol - £70

That is high. Apart from walking etc, just make sure your tyres are fully inflated, and there is no excess weight in the car etc. All helps!

Mobile - £10

I presume this is a PAYG mobile? What network on you on? It could work out cheaper on an o2 PAYG mobile sim card - with 300 free texts a month.