My names Laura, and i'm a spendoholic

Legacy_user

Hi all,
After many months of keeping an eye on the forums and checking out Martins money saving tips I have finally joined up to hopefully get some help.

I got a CC one year to buy myself a laptop as my old one went caput. I then had to insure my car, so I put that on there, then it was free money, so I carried on spending being young and stupid then my insurance came round again.

I then got a loan to consolidate my debts.

Then got another CC.

So here I am many years later and many unneeded spends of said "free money"

I have never had any savings despite my parents advice.
I have always lived to each paypacket and sometimes beyond. My debts in Jan this year were £11,000 and i had managed to get them down to £6,000 until...

I hit a new challenge,
My significant other has lost his job and I am now paying all the house bills on my own, along with my debts & monthly outgoings I had before.

It is going to get worse before it gets better I would imagine. He's been out of work for 3 months meaning I have paid everything into the joint account to cover bills. This money has come from nothing as thats all I had to start with!

He has been offered a job from January working down in london for 6 months, I really dont want this to happen so i really hope he finds something before then... but I digress...

My current overspend is roughly £380 judging by the budget calculator on here. We are already spending bare minimum, I avoid going shopping, using up stuff from the cupboards for tea, not had the heating on apart from about 8 hours in total since April (and its been bloody cold lately!) he's sold his car, cancelled his insurance (which he owes them £300 for apparently, they cut his phone off (he owes them £150 and the bills keep rising) i've just had to tax my car as I live 40 miles from home and i need a vehicle.

I suffer with depression and have done since I was about 15. I cried myself to sleep on Monday night worrying about all this and I just dont see how it's going to get any better

tattycath

Gizzymo wrote: »

Hi all,
After many months of keeping an eye on the forums and checking out Martins money saving tips I have finally joined up to hopefully get some help.

I got a CC one year to buy myself a laptop as my old one went caput. I then had to insure my car, so I put that on there, then it was free money, so I carried on spending being young and stupid then my insurance came round again.

I then got a loan to consolidate my debts.

Then got another CC.

So here I am many years later and many unneeded spends of said "free money"

I have never had any savings despite my parents advice.
I have always lived to each paypacket and sometimes beyond. My debts in Jan this year were £11,000 and i had managed to get them down to £6,000 until...

I hit a new challenge,
My significant other has lost his job and I am now paying all the house bills on my own, along with my debts & monthly outgoings I had before.

It is going to get worse before it gets better I would imagine. He's been out of work for 3 months meaning I have paid everything into the joint account to cover bills. This money has come from nothing as thats all I had to start with!

He has been offered a job from January working down in london for 6 months, I really dont want this to happen so i really hope he finds something before then... but I digress...

My current overspend is roughly £380 judging by the budget calculator on here. We are already spending bare minimum, I avoid going shopping, using up stuff from the cupboards for tea, not had the heating on apart from about 8 hours in total since April (and its been bloody cold lately!) he's sold his car, cancelled his insurance (which he owes them £300 for apparently, they cut his phone off (he owes them £150 and the bills keep rising) i've just had to tax my car as I live 40 miles from home and i need a vehicle.

I suffer with depression and have done since I was about 15. I cried myself to sleep on Monday night worrying about all this and I just dont see how it's going to get any better

(((hugs))) been there done that.
If you post an SOA I'm sure we can come up with ways of reducing your expenditure.

*hayley*

Hiya

Didn't want to read and run. Really identified with what you said in your post, particularly about free money and living from paypacket to paypacket. It can seem overwhelming as I have found today and mine are purely from overspending anf trying to buy the "perfect" life. Having your light bulb moment is the first and important big step. Do you have anything you could sell on Ebay to raise some funds? That's my action plan this afternoon *hugs*

Happytogetdebtfree

Hi and welcome you have come to the right place, is your oh not getting any benefits ? have you spoken to the loan/card companies to see if they can help ? freeze intrest etc, post an soa so that people can cast there eye over things? if your doing xmas maybe dont, ring family and explain because oh not in work you arent going to buy things and say that you dont expect them to either. I know it all seems scary right now but its nothing that cant be fixed ((hugs))x

System

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1371.81
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1371.81
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 595
Management charge (leasehold property).. 0
Council tax............................. 118
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 10
Mobile phone............................ 40
TV Licence.............................. 15
Satellite/Cable TV...................... 20
Internet Services....................... 15
Groceries etc. ......................... 150
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 50
Car maintenance (including MOT)......... 100
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 2.5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 300
Haircuts................................ 0
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1653.5

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 400

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................1211.29...0.........0
Loan...........................5149.8....171.6.....0
Owe for car....................1200......0.........0
Total unsecured debts..........7561.09...171.6.....-

Monthly Budget Summary
Total monthly income.................... 1,371.81
Expenses (including HP & secured debts). 1,653.5
Available for debt repayments........... -281.69
Monthly UNsecured debt repayments....... 171.6
Amount short for making debt repayments. -453.29
Personal Balance Sheet Summary
Total assets (things you own)........... 400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -7,561.09
Net Assets.............................. -7,161.09
.

System

I spoke to Halifax (who supply my loan) they have stopped all charges on my account to give me a break & have changed the date of my loan so that it will only come out once in a paypacket (as this was causing me to use my Overdraft)

OH isnt claiming benifits, he is useless with paperwork & is adamant that they cant give him JSA because of his NI contributions (I have tried to explain that there are 2 kinds of JSA) so he isnt really helping me, which is stressing me out more & I cant take the time off work to go with him to job seekers (redundancies have been made this week & I need to show willing)

I have taken pics of some things to seel on Ebay (Clothes i never wore, Remote control car etc) I am waiting for a free listing weekend to put them all on there

I am with Park so Christmas is already paid for with vouchers luckily

We are waiting for the sky to have been in for 12 months then that will be getting cancelled saving me £20 a month

tattycath

Gizzymo wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1371.81
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1371.81
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 595
Management charge (leasehold property).. 0
Council tax............................. 118
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 10
Mobile phone............................ 40
TV Licence.............................. 15
Satellite/Cable TV...................... 20
Internet Services....................... 15
Groceries etc. ......................... 150 You could cut this a bit-try looking at the grocery challenge and various other foodie challenges on the forums.
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 50
Car maintenance (including MOT)......... 100 this seems alot to me on top of insurance, tax and fuel
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 2.5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 No contents insurance?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 300 This seems excessive to me - especially in your current financial situation
Haircuts................................ 0
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1653.5

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 400

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................1211.29...0.........0
Loan...........................5149.8....171.6.....0
Owe for car....................1200......0.........0
Total unsecured debts..........7561.09...171.6.....-

Monthly Budget Summary
Total monthly income.................... 1,371.81
Expenses (including HP & secured debts). 1,653.5
Available for debt repayments........... -281.69
Monthly UNsecured debt repayments....... 171.6
Amount short for making debt repayments. -453.29
Personal Balance Sheet Summary
Total assets (things you own)........... 400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -7,561.09
Net Assets.............................. -7,161.09
.

Could you sell stuff on ebay? or do some car boots? shop around for cheaper car insurance.

tattycath

Gizzymo wrote: »

I spoke to Halifax (who supply my loan) they have stopped all charges on my account to give me a break & have changed the date of my loan so that it will only come out once in a paypacket (as this was causing me to use my Overdraft)

OH isnt claiming benifits, he is useless with paperwork & is adamant that they cant give him JSA because of his NI contributions (I have tried to explain that there are 2 kinds of JSA) so he isnt really helping me, which is stressing me out more & I cant take the time off work to go with him to job seekers (redundancies have been made this week & I need to show willing)

I have taken pics of some things to seel on Ebay (Clothes i never wore, Remote control car etc) I am waiting for a free listing weekend to put them all on there

I am with Park so Christmas is already paid for with vouchers luckily

We are waiting for the sky to have been in for 12 months then that will be getting cancelled saving me £20 a month

Would it give him an incentive if you said you just can't afford to pay his debts so he needs to get off his a%$e and at least sign on?

Happytogetdebtfree

Gizzymo wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1371.81
Partners monthly income after tax....... 0 benefits or jsa ?
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1371.81
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 595
Management charge (leasehold property).. 0
Council tax............................. 118
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 10
Mobile phone............................ 40 can the tarriffs be reduced ??
TV Licence.............................. 15
Satellite/Cable TV...................... 20 get free view?
Internet Services....................... 15 shop around get cheaper supplier /.
Groceries etc. ......................... 150 could be reduced with shopping down a brand going to aldi/lidl
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 50
Car maintenance (including MOT)......... 100 This seems high ?
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 2.5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 need some insurance?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 300 This is not a priority when your oh is out of work people will understand
Haircuts................................ 0
Entertainment........................... 50 cut costs again if possible
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1653.5

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 400

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................1211.29...0.........0
Loan...........................5149.8....171.6.....0
Owe for car....................1200......0.........0
Total unsecured debts..........7561.09...171.6.....-

Monthly Budget Summary
Total monthly income.................... 1,371.81
Expenses (including HP & secured debts). 1,653.5
Available for debt repayments........... -281.69
Monthly UNsecured debt repayments....... 171.6
Amount short for making debt repayments. -453.29
Personal Balance Sheet Summary
Total assets (things you own)........... 400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -7,561.09
Net Assets.............................. -7,161.09
.

Only a few ideas others will be along soon to point some savings out xx

System

Car maintenance (including MOT)......... 100 this seems alot to me on top of insurance, tax and fuel

oops, thats the yearly amount not monthly! *slaps head*

System

I dont pay his debts so to speak, I pay household bills and it is getting the point where i am thinking, if I kick him out I can lower my bills (council tax etc)

I love him lots but im getting very annoyed