Deleted Item

donaldbane

Monthly Income Details</b>
Monthly income after tax................ 1000
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 90<b>
Total monthly income.................... 1090</b><b>

Monthly Expense Details</b>
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 30
Council tax............................. 80
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 10
Mobile phone............................ 10
TV Licence.............................. 10
Satellite/Cable TV...................... 30
Internet Services....................... 10
Groceries etc. ......................... 120
Clothing................................ 20
Petrol/diesel........................... 150
Road tax................................ 130
Car Insurance........................... 370
Car maintenance (including MOT)......... 100
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 30
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 80
Holiday................................. 0
Emergency fund.......................... 50<b>
Total monthly expenses.................. 1310</b>
<b>

Assets</b>
Cash.................................... 0
House value (Gross)..................... 40000
Shares and bonds........................ 0
Car(s).................................. 35000
Other assets............................ 0<b>
Total Assets............................ 75000</b>
<b>
No Secured nor Hire Purchase Debts</b>

<b>Unsecured Debts</b>
Description....................Debt......Monthly...APR
O/D BOS........................2000......0.........17
C/C Barclaycard................4700......100.......18
C/C BOS........................1700......40........18<b>
Total unsecured debts..........8400......140.......- </b>

<b>
Monthly Budget Summary</b>
Total monthly income.................... 1,090
Expenses (including HP & secured debts). 1,310
Available for debt repayments........... -220
Monthly UNsecured debt repayments....... 140<b>
Amount short for making debt repayments. -360</b>

<b>Personal Balance Sheet Summary</b>
Total assets (things you own)........... 75,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,400<b>
Net Assets.............................. 66,600</b>

<i>Created using the SOA calculator at (removed, new users cant post links).
Reproduced on The Motley Fool DWD Board with permission, using other browser.</i></pre>

Time_to_face_the_music

donaldbane wrote: »

Road tax................................ 130
Car Insurance........................... 370
Car maintenance (including MOT)......... 100

Assets
Car(s).................................. 35000

The car expenses look like they should be annual figures rather than monthly, is this correct? If so it would bring you within your monthly budget.

Is the value of your car really £35,000 or should this be £3.500?

fredandwilma

donaldbane wrote: »

Monthly Income Details</b>
Monthly income after tax................ 1000
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 90<b>
Total monthly income.................... 1090</b><b>

Monthly Expense Details</b>
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 30
Council tax............................. 80
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 10
Mobile phone............................ 10
TV Licence.............................. 10
Satellite/Cable TV...................... 30
Internet Services....................... 10
Groceries etc. ......................... 120
Clothing................................ 20
Petrol/diesel........................... 150
Road tax................................ 130
Car Insurance........................... 370
Car maintenance (including MOT)......... 100
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 30
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 80
Holiday................................. 0
Emergency fund.......................... 50<b>
Total monthly expenses.................. 1310</b>
<b>

Assets</b>
Cash.................................... 0
House value (Gross)..................... 40000
Shares and bonds........................ 0
Car(s).................................. 35000
Other assets............................ 0<b>
Total Assets............................ 75000</b>
<b>
No Secured nor Hire Purchase Debts</b>

<b>Unsecured Debts</b>
Description....................Debt......Monthly...APR
O/D BOS........................2000......0.........17
C/C Barclaycard................4700......100.......18
C/C BOS........................1700......40........18<b>
Total unsecured debts..........8400......140.......- </b>

<b>
Monthly Budget Summary</b>
Total monthly income.................... 1,090
Expenses (including HP & secured debts). 1,310
Available for debt repayments........... -220
Monthly UNsecured debt repayments....... 140<b>
Amount short for making debt repayments. -360</b>

<b>Personal Balance Sheet Summary</b>
Total assets (things you own)........... 75,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,400<b>
Net Assets.............................. 66,600</b>

<i>Created using the SOA calculator at (removed, new users cant post links).
Reproduced on The Motley Fool DWD Board with permission, using other browser.</i></pre>

Time_to_face_the_music wrote: »

The car expenses look like they should be annual figures rather than monthly, is this correct? If so it would bring you within your monthly budget.

Is the value of your car really £35,000 or should this be £3.500?

donaldbane wrote: »

My Finances area mess. £15k in debt. Message deleted

With no mortgage or rent? you own your own house or flat? but it is only worth £40k ( no rent or mortgage but equity?) and a car worth £35k maybe it is time to start downsizing? ( possibly you could raise £15k from the sale of your car and still buy another car?)

Coco114

I may have misunderstood but as you mention a hackney and have high insurance I am guessing you must be a black cab driver so am guessing you can't really cut back on that ?

Apolgisr if I am totally wrong