Need to Clear 6k of Debt- Support please

declutterqueen

Thank you for your comments, i am going to have another look at my SOA and make some changes.
I am going to look into your sudgestions also, i will post later my plan of action.
I am going to see if i can make a meal plan with what i have in the freezer and cupboards.

thanks again x

DCFC79

Get a small notebook/notepad and make a note what you by each day eg a magazine, sandwich, drink from the shops 2 or 3 times a week could build up to nearly £10.

fatbelly

declutterqueen wrote: »

Statement of Affairs and Personal Balance Sheet
Unsecured Debts
Description....................Debt......Monthly...APR
M&S............................5200......130.........0
Tesco..........................1200......12.........17
Total unsecured debts..........6400......0.........-

Minimum payments entered for you - hope that helps you to see the true picture!

declutterqueen

Ok I have sat down and rang BT to get true cost.. they say i owe them £52 from when we moved..cant understand it some how as i was paying monthly plan!!Also they put me paying for caller display and unlimited calls.. we are not here in the day to use the phone as i work and kids in school, they took 63 this month!!!


I rang Credit cards and Tesco is 17.9%APR!!!!!!!! min payment is £5 or 2% M&S 0% for 9 months

Looked at TV and i am paying for 2014 bill!!! will ring them tomorrow! I dont need to be paying 2 year in advance do i?

Water is on a meter and diresct debit set at £30 a month. need to speak to them

I owe 650 to the council tax for this house and previous so over next 5 months thats £130 a month unless they will let me take longer.

I have added comments... it looks alot better!!


Statement of Affairs and Personal Balance Sheet
Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 980
Partners monthly income after tax....... 0
Benefits..includes mum/dads contribution..... 654.8
Other income............................ 0
Total monthly income.................... 1634.8
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 525
Management charge (leasehold property).. 0
Council tax............................. 130
Electricity............................. 35
Gas..................................... 0
Oil..................................... 50 this is based on £600 tank full a year.. not sure how much as only been here 2 months.
Water rates............................. 30
Telephone (land line)................... 18.75
Mobile phone............................ 38 (contract till nov 2013)
TV Licence.............................. 7 already paid up till 2014!
Satellite/Cable TV...................... 20 will talk to them tomorrow
Internet Services....................... 10.25
Groceries etc. ......................... 200 think i can do it for £50 a week kids have butties for school.
Clothing................................ 0 dont need anything for a while
Petrol/diesel........................... 100 try to use 25 a week
Road tax................................ 12
Car Insurance........................... 47
Car maintenance (including MOT)......... 10
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 40 i save 10 a week started 1/11/2012
Total monthly expenses.................. 1273[/b]

Assets
Cash.................................... 500
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Tesco..........................1278.59...5.........17.9
Marks and Spencer..............5200......5.........0
Total unsecured debts..........6478.59...10........-

Monthly Budget Summary
Total monthly income.................... 1,634.8
Expenses (including HP & secured debts). 1,273
Available for debt repayments........... 361.8
Monthly UNsecured debt repayments....... 10
Amount left after debt repayments....... 351.8
Personal Balance Sheet Summary
Total assets (things you own)........... 1000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -6,478.59
Net Assets.............................. -5,978.59