Time for change...

JLS1901

Hi Evcakes,
I asked if there was any help at all and she said no.. and I stood there and was like 'No?!' and she wandered off I don't think she knew herself, so when I go back will speak to my tutor and see what I can do.

I do all my shopping on Quidco and do surveys and Swagbucks getting there slowly but surely will use any money/vouchers from these for christmas.
xx

Evcakes

What type of course is it, you can pm me if you want, I can then look further. I'm in Wales so different funds but I can find out for you.

Uniscots97

wellylass, can you post an SOA (Statement of Affairs, list of your outgoings and income basically) and we'll see where we can help you.

JLS1901

unixgirluk wrote: »

wellylass, can you post an SOA (Statement of Affairs, list of your outgoings and income basically) and we'll see where we can help you.

Hi unixgirluk,
I shall do a SOA now, have had an ok few days.. Made £80 from my Ebay items and had a good sort out yesterday and found lots more stuff to sell. Also paid another £50 off my CC bill. Car insurance is due at the end of next month and we also need to get some more oil at some point so I'm trying to work out how we are going to do that.

Also got tonnnes of work to be doing which I will be doing this week as have a couple of days off.

Wellylass x

JLS1901

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 380
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 375
Total monthly income.................... 755

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 275
Management charge (leasehold property).. 0
Council tax............................. 40
Electricity............................. 9
Gas..................................... 0
Oil..................................... 20
Water rates............................. 17.9
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 6.06
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 50
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 4
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 536.96


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Halifax Student CC.............460.......0.........17.9
Total unsecured debts..........460.......0.........-


Monthly Budget Summary
Total monthly income.................... 755
Expenses (including HP & secured debts). 536.96
Available for debt repayments........... 218.04
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 218.04

Personal Balance Sheet Summary
Total assets (things you own)........... 900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -460
Net Assets.............................. 440

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



Now this doesn't look to bad but my income from my job varies alot. Also just to note all the house hold bills are half of the total, my sister pays the other half.

Welly x

JayJay14

One question, as a student why are you paying council tax, I thought students were exempt - might be worth looking in to. Or is your course an odd one.

Buffythedebtslayer

Hello,

Only just found your diary, I am always impressed with people who can use Ebay to make actual cold hard cash!! I hate listing with a passion.

Have you looked at the up your income board?- that is full of very good ideas

xx

Uniscots97

wellylass89 wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 380
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 375
Total monthly income.................... 755

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 275
Management charge (leasehold property).. 0
Council tax............................. 40 aren't you a student? Check this
Electricity............................. 9
Gas..................................... 0
Oil..................................... 20
Water rates............................. 17.9
Telephone (land line)................... 0
Mobile phone............................ 35 this seems high, can you switch tariff or switch to payg?
TV Licence.............................. 6.06
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 50 is this all you spend on food for a month?
Clothing................................ 0
Petrol/diesel........................... 80 is there anyway you could cut this down at all?
Road tax................................ 0 you need to be saving sonething here
Car Insurance........................... 0 same as above
Car maintenance (including MOT)......... 0 same as above
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 4
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0 you also need a small amount here
Total monthly expenses.................. 536.96


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Halifax Student CC.............460.......0.........17.9
Total unsecured debts..........460.......0.........-


Monthly Budget Summary
Total monthly income.................... 755
Expenses (including HP & secured debts). 536.96
Available for debt repayments........... 218.04
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 218.04

Personal Balance Sheet Summary
Total assets (things you own)........... 900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -460
Net Assets.............................. 440

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



Now this doesn't look to bad but my income from my job varies alot. Also just to note all the house hold bills are half of the total, my sister pays the other half.

Welly x

Welly, I've put some notes in red against your SOA. You do need to have a little emergency fund for the times where your wages are less than expected or you need a bulb etc for the car. Check out petrolprices.co.uk to find you the best possible price for fuel in your area. I know where I live petrol prices vary by 4p a litre.

Evcakes

Sent you a pm x

JLS1901

Hello everyone thanks for your replies.
Ok Council tax - we do get the 25% discount for single person as I'm a student. I do feel it is very unfair however to expect my sister to pay it all so we both pay half.

Fuel - I only drive to college and work and occasionally see friends (all who live reasonably close) I lodge with a very nice friend (for free) 2 nights a week when I am at college which has cut my milage down by 100 miles a week. To be fair tho my car is an old petrol car really not suited to the miles I do to college and back but there's nothing much I can do about that.

I missed off the emergancy fund (Ooops) I save £30 a month for disasters.

Phone bill - I know this is high (Seemed like a good idea when I had a full time job) I'm in contract till July then will be getting the cheapest deal I can.

Food - Yes sis and I do one shop a month which we budget £100 pounds for we live on that (lots of pasta etc.) or we just don't eat as sis works shifts we are both out at random times, she buys alot of her lunches etc I just grab what I can when I can.

Hope this makes a little more sense.

Thanks for the PM Evcakes have replied

Welly x