Back to being a DFW .. 13 months to do it ..

Hiddenidenity

Hell all back again. Yep again with more debt

With 4 house moves and lots of other stuff going on its been a disaster of a 12 months, but I'm back and want to get rid of this debt once and for all!

There is me, DS who is 3, DD who is 2, the dog and another adult 90% of the time. I wont bore you with all the boring bits its all on my other diary

So debt stands today at
£1820 (friend 2)
£1200 (friend 3)
£140 (Provident)


SOA
Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 988
Partners monthly income after tax....... 0
Benefits................................ 586
Other income............................ 0
Total monthly income.................... 1574

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 96.46 Over 10 months wont let me change to 12 yet I've tried :cool:
Electricity............................. 60 This is high. Its prepayment meters and cant change and this is probably over estimated.
Gas..................................... 60 Same as above
Oil..................................... 0
Water rates............................. 40 Not on a meter and cant have one fitted until Im on a proper tenancy
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 22.4 Paying for 12 months over 6 on a payment card
Satellite/Cable TV...................... 21 Includes phone and net and tied in for 12 months but with a discount
Internet Services....................... 0
Groceries etc. ......................... 200 Again over estimate but I feed 2 extra adults regular.
Clothing................................ 0
Petrol/diesel........................... 50 Essential trips/nursery/hospital appointments (lots of them :rotfl:)
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 24 This is snacks and day trips compulsory
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 Pre paid because I have a lot of different meds
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, Christmas etc)...... 0
Haircuts................................ 5 Just DS every 4 weeks. Mines done by a friend and DD too young but will be done by friend.
Entertainment........................... 0 Don't really need this don't do anything and any bits will come from grocery.
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1100.86


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Debt 1.........................2800......216.......0
Debt 2.........................1200......100.......0
Debt 3.........................1200......100.......0
Total unsecured debts..........5200......416.......-


Monthly Budget Summary
Total monthly income.................... 1,574
Expenses (including HP & secured debts). 1,100.86
Available for debt repayments........... 473.14
Monthly UNsecured debt repayments....... 416
Amount left after debt repayments....... 57.14

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -5,200
Net Assets.............................. -5,200

Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

Ok the car is mobility so no tax/insurance/maintenance etc. The debts are 0% because all 3 are friends and have the interest added on the balance.

Aiming to be done and dusted for the 8th November 2013!

Look forward to catching up with everyone again x

beanielou

Happy shiney new diary

Hiddenidenity

beanielou wrote: »

Happy shiney new diary

Thank you

Hope your well?x

jwil

Happy new diary! Was wondering if you were ok x

Heffi1

Great to see a new diary, I shall subscribe and pick up tips as you have done it before you can surely do it again and I might learn from you on the way. Well done on tackling it before it gets out of hand.

cazmanian_minx

I was just thinking about you yesterday and wondering if you were OK. Happy new diary

*subscribes*

fredandwilma

I hope you don't mind me asking? but i don't understand how you have accumulated debts of £5k+, plus you have lost or spent your savings? in such a short space of time, according to your previous posts and diaries? You were debt free, mortgage free, had savings. None of it makes any sense?

How have you spent thousands of pounds in the space of what, 2 or 3 weeks? I'm not being judgemental, i'm just curious, and it may help with your ability to control your finances in the bigger picture of things?

quintwins

fredandwilma wrote: »

I hope you don't mind me asking? but i don't understand how you have accumulated debts of £5k+, plus you have lost or spent your savings? in such a short space of time, according to your previous posts and diaries? You were debt free, mortgage free, had savings. None of it makes any sense?

How have you spent thousands of pounds in the space of what, 2 or 3 weeks? I'm not being judgemental, i'm just curious, and it may help with your ability to control your finances in the bigger picture of things?

Sadly somethings can't be controlled like relationship breadowns, where all savings have been put into a house which ofcourse will take time to sort out

hunters

quintwins wrote: »

Sadly somethings can't be controlled like relationship breadowns, where all savings have been put into a house which ofcourse will take time to sort out

However the last partner was earning £60k plus so surely the OP should be able to get her money back quick without having to borrow off friends?

Anyway, what I meant to post was you should be getting HB I would think on your low earnings also CT reduced?

Hiddenidenity

fredandwilma wrote: »

I hope you don't mind me asking? but i don't understand how you have accumulated debts of £5k+, plus you have lost or spent your savings? in such a short space of time, according to your previous posts and diaries? You were debt free, mortgage free, had savings. None of it makes any sense?

How have you spent thousands of pounds in the space of what, 2 or 3 weeks? I'm not being judgemental, i'm just curious, and it may help with your ability to control your finances in the bigger picture of things?

Sorry I forgot I hadnt updated over the other thread about that. I'm not with him anymore and was far from a "nice" split. The savings he "borrowed" because mine where instant access where his arent for some things that needed paying for the house building to go ahead. So I emptied mine on the thought it was coming back when hsi transfered out 3-5 days later. It didnt happen.

hunters wrote: »

However the last partner was earning £60k plus so surely the OP should be able to get her money back quick without having to borrow off friends?

Anyway, what I meant to post was you should be getting HB I would think on your low earnings also CT reduced?

The debts came from relocating again 300 miles back to where I moved from, moving costs/furniture/decorating. A few things I had got behind on from before I moved away.

I cant get HB because of the working tax credits, I do get discounted CT but I owe arrears.

Oh and just to add the 5K isnt what I've actually borrowed more than half that is interest payments ie. the £2800 was for £1400 I borrowed to move. £1200 was a £500 borrowed and same for the other £1200.

Hiddenidenity

Hello all hope all is well

Grocery shop today spent £27 but some things will last over next week too (nappies,wipes mainly) Will probbaly spend another £6-£8 this week on milk and bread. Still under budget though

Nothing much else to report here.