Were do I start.....

Prisonshepherd

Hi all,

I am new to all of this............don't know were to start, I want to be DEBT-FREE......!

PS: I am dyslexic so if spell checker doesn't work it's not my fault!!:rolleyes:

Prisonshepherd

Skint_Catt

:hell: welcome to the Debt Free Board!

If you make a list of all your incomings and outgoings (inc APR and min payments) we can help you pay off your debts!

Catt xx

Verbatim

Welcome to DFW.

Have a look at ss's sticky at the top of the page. If you detail all you income and expenditure for a month everyone will have a look and advise where you might get something cheaper or be able to make a saving. Also list your debts with APRs minimum payments and what's outstanding.

immoral_angeluk

Hi and welcome to MSE. Well done for taking the first step and like others have said if you post up your SOA then we'll be able to see how we can help you sort it out.

Prisonshepherd

I am such a nerd.........! I have done Martin's planner and a excel on the debt and APR's, how should i post it on this page.....It is very long? or am i missing the point again?
sorry just had a bad 10 calls to capital one !!!!

Skint_Catt

just list it all out in a post

Have a look at some others posts if you're not sure

Catt xx

Prisonshepherd

Ok here goes...........!

Below are what i call debt !
PRODUCT TOTAL MONTHLY PAYMENT

MORTGAGE (INT ONLY) 123'250 711.19 NOT A DEBT AS SUCH.....But costly
SECURED LOAN 10'000 167.69
PERSONAL LOAN 3'200 95.00......:mad:
PROVIDENT 1'567 112 THIS IS BAD.OUCH :mad:
CAPITAL 1 1'000 66.00 PAYMENT PLAN...
CAPITAL 1 279 15.00
MONUMENT 0.00 0.00.....:T


Please be gentle with me:rolleyes:

OberonSH

You need to to the other bit - what you have coming in each moneth, what you spend on rent etc. That way we can see where you can free up cash to chuck at these debts.

Prisonshepherd

Ok here it is, if not in the right format, delete or move it....!

MONTHLY

Bank Account Fee £12.00 from old natwest account (loan repayment only):mad:
Mortgage / Rent £711.30
Household Maintenance £0.00
Buildings & Contents Insurance £21.62
Council Tax £120.00
Water Rates / Meter £50.00
Gas Bill £40.00
Electricity Bill £50.00
Oil Bill £0.00
Home Phone Bill £64.96
Internet Bill £17.99
Mobile Phone Bill(s) £20.00
Pet Insurance £14.00
Food & Household Shopping £450.00
Eating Out £0.00
Coffee / Sandwiches Out £0.00
Pet Food £0.00
Drinks for Home £83.72...........:eek: cutting down on the wine:beer:
Drinking Out £0.00 never go to the pub;)
Smokes £122.92...this is stopping tomorrow.....:eek:
Meals at Work £0.00
Rail / Bus / Coach / Taxi £59.40 Train to work (got rid of 2nd car:T
Car Insurance £27.09
Car Tax £15.00
Petrol / Diesel / Gas £40.00
Car Loan Repayments £0.00
Personal Loan Repayments £95.00
Provident £112.00......door to door I know i'm stupid....:mad:
Credit Card Repayments x2 £81.00
Other Loan Repayments £169.00
Pocket Money £30.00
School Meals £24.00
School Trips £5.00
DVD / Video Rental £15.80
Book / Music / Films / Games £12.00
Cinema / Theatre Trips £0.00
Family Days Out £30.00
NTL / Sky Subscription £0.00
TV Licence £43.80

Average Income From Employment / Self Employment £1,800.00
Benefits Including Child Benefit, Child Tax Credits & Income Support £378.00
Other Income £400.00
MONTHLY INCOME TOTAL £2,578.00

TOTAL MONTHLY EXPENDITURE £2,537.60
TOTAL MONTHLY INCOME £2,578.00

I know that this leaves me with £40.40 spare a month, but it never works out that way? and i want a better way of life for the kids .

Prisonshepherd

ifstar

First off the ones that really jump out and where huge savings could be made -

Gas and Electricity are very high, you should be able to get better than this or look to see why you are using so much.

Home Phone Bill - that is very high too - why is it so much?

Food/Household shopping - How many does that feed? It seems very high especially when you add on your alcohol which makes it to around £530 per month.

misspoppy

Hi well done for posting.

the thing that jumps out to me is you tv licence, why is it so high i pay £22 per month and thats double as i've just set it up as DD which charges you for this year and half of next years in the the first year of being on DD.

It would be a good idea you and your other half kept spending diaries noting down every penny that you spend and where it is spent, you will then see why you are having problems.

In terms of how to manange your debts i can't help but plenty of others can and will be along soon