We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Drowning!!!
Comments
-
If I am wrong, please correct me, but from what I'm reading.....This is what i need to stick to (and improve upon, not sure how):
Statement of Affairs and Personal Balance Sheet
Monthly income after tax................ 2256.71 This figure
Total monthly expenses.................. 1795.08 takeaway this figure
Monthly UNsecured debt repayments....... 1,217.24 is less than this figure
Amount short for making debt repayments. -755.61 by this much
[
Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.
In five years time you will not have paid off your debts, you will be £755 x 12 months x 5 years further into debt. Or £43,500
You have the income to fix this, but not without a LBM, and cutting back a lot of costs. I wish you luck.
I hope my maths are wrong
In our house, when things break, we just pretend they still work0 -
Statement of Affairs and Personal Balance Sheet
Number of children in household......... 1
No child - but that does mean your utilities usage will go down; no kiddy-clothes washing or baby bathing - and you can put on a jumper and turn down the heating.
Number of cars owned.................... 1
Think everyone agrees this should read: 0
Satellite/Cable TV...................... 30.25
Taking this on two months after splitting with your Ex was not a good idea. Does anyone know if a debt management organisation can get this cancelled for OP?
Groceries etc. ......................... 86.67
Some MSEers can feed a family for this. I can't - yet - but was intrigued as to what the .67p represents?
Petrol/diesel........................... 65
Should be zero.
Road tax................................ 18
Ditto.
Car Insurance........................... 190.17
Ditto.
Car maintenance (including MOT)......... 5
Ditto.
Childcare/nursery....................... 300
Hmm.
Medical (prescriptions, dentist etc).... 25
Get some sexy specs!
personal allowance (for make up, misc).. 216.7
Um, not good at all; more spends on make-up than food? And misc is quite unnecessary.
Car(s).................................. 3000
Wipe out a couple of CCs - adds value when considering the interest you will avoid paying.
It occurs to me that as your Ex is in the UK on a dependant's visa, doesn't that mean that he is here to support you? As he is no longer doing that, um, shouldn't he go home?0 -
do you know if its a good idea to switch electricity right now? i just switched from edf standard variable to npower online, which has an exit fee, but i think i read somewhere on mse that it might not be a good time to switch?
Did you read Martin's article and do the price-checker thing? Was npower online the cheapest deal for your home? Did you go through a cash-back site?
Shame you didn't mention you were thinking of doing this earlier - and taken advantage of MSEers experience - I could have suggested one company to check out; competitive, great service, and they'd give you £40 for signing up.
Still, I thought £30pm was pretty good for power, heating and hot water!
..Btw, my power bill halved when I switched away from npower's standard tariff three years ago.0 -
Statement of Affairs and Personal Balance Sheet
Number of children in household......... 1
No child - but that does mean your utilities usage will go down; no kiddy-clothes washing or baby bathing - and you can put on a jumper and turn down the heating.
Number of cars owned.................... 1
Think everyone agrees this should read: 0
Satellite/Cable TV...................... 30.25
Taking this on two months after splitting with your Ex was not a good idea. Does anyone know if a debt management organisation can get this cancelled for OP?
Groceries etc. ......................... 86.67
Some MSEers can feed a family for this. I can't - yet - but was intrigued as to what the .67p represents?
Petrol/diesel........................... 65
Should be zero.
Road tax................................ 18
Ditto.
Car Insurance........................... 190.17
Ditto.
Car maintenance (including MOT)......... 5
Ditto.
Childcare/nursery....................... 300
Hmm.
Medical (prescriptions, dentist etc).... 25
Get some sexy specs!
personal allowance (for make up, misc).. 216.7
Um, not good at all; more spends on make-up than food? And misc is quite unnecessary.
Car(s).................................. 3000
Wipe out a couple of CCs - adds value when considering the interest you will avoid paying.
It occurs to me that as your Ex is in the UK on a dependant's visa, doesn't that mean that he is here to support you? As he is no longer doing that, um, shouldn't he go home?
Sorry did I miss something . What has happened to her child between pages 1 and 5 ? How did it disappear ?0 -
Own_My_Own wrote: »Sorry did I miss something . What has happened to her child between pages 1 and 5 ? How did it disappear ?
OP's daughter has been sent to live with Granny, Grandpa and a maid OP is paying for in West Africa.
0 -
-
and my 27 year old brother and my granny live there too. She's having a lot of fun with so many pple around. Wish i was there....0
-
Did you read Martin's article and do the price-checker thing? Was npower online the cheapest deal for your home? Did you go through a cash-back site?
Shame you didn't mention you were thinking of doing this earlier - and taken advantage of MSEers experience - I could have suggested one company to check out; competitive, great service, and they'd give you £40 for signing up. Still, I thought £30pm was pretty good for power, heating and hot water!
..Btw, my power bill halved when I switched away from npower's standard tariff three years ago.
Did it thru uswitch via mse....it's not too late, think i still have a week of the cooling off period left. Let me know....0 -
Got a few minutes before i have to start work, time for replies!0
-
hhmm no its not looking good-but just a few ques
what's the other travel at 84.5 if you have a car?
your life assurance seems high
can you get anymore 0% deals?
Can you shave some off your weekly budget ie £40/week
your satelite is high
Is the £300 the childcare your paying to your folks?Would they accept a reduced amount?
You're also paying the most of your debt £660 to pay off family debt again would they accept a reduced amount?
chin up you'll get there (although an extra job may help!!)
my life assurance is for 900000 - DD is the sole beneficiary (actually need to put this in trust for her so she doesnt get taxed on it, will find out about that later0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards