eeeekkkk... help?

silly_milly

Hello,

I have been lurking on here forages but have been prompted to write as I just cant carry on any longer without taking action. Im so ashamed of this situation and am at a point where i just dont know what to do, i dont know how to keep juggling everything and Im feeling, well, a bit stuck.

I have just completed the budget planner which I will post next inthe form of a very sketchy SOA, I would love it if some of you would take a look and advise me what the hell I should do.

My problem (apart from the fact I spend too much) is that my income is all over the place. Im self employed as a nanny, cleaner and carer and they all take various holidays and pay me as and when - expecially social bloody services.... this makes it much harder to budget as I dont know what is coming in from one week to the next. Im not making excuses, im poo at budgeting and I hold my hands up... i just didnt want you all to shout at me

Ok.... SOA coming up next....

Btw - thank you. I really appreciate any help you can give me and even for reading this far x

tumbleweed261

Good luck and welcome! You've come to the right place, people will be along to help you in no time

GirlRacer_2

Welcome aboard SillyMilly and congratulations on posting. Look forward to seeing your SOA.

silly_milly

Income

Self emplyed nanny P/T - £62.50 per week. Aprox 8 weeks unpaid per year
SE Cleaner - £30 per week. Aprox 4 weeks unpaid per year
SE Carer f/t- £11, 135 per year delivered randomly in irregular dollops from Social services

Total - erm well month to month - who knows?? but... if I budgeted carefully as apposed to flying byt he seat of my pants, I guess my income per month should be £1277.08.....

Outgoings per month

rent - £0 I have just moved home to try and save money to throw at my debts. eek! On the plus side i have no gas/elec etc either

Council Tax - aprox £50 per month but Ihavent set this up yet

mobile phone - aprox £150. I can cut back here but in a limited way as Im fixed into my contract till Nov

Eating out - aprox £100 per month. could cut this out....

pet food - £30 per month

nights out - between £0 and £60 per month.

HSBC Loan - £212 per month

Virgin CC - estimate about £110 per month but not sure (min payment)

Egg CC - £106.20 (min payment of 2%)

Gym - £38 per month. trapped for next 3 months but then cancelled)

Books - Realistically I spend about £50 a month on books. can cut this out and use library... I'll miss this more than nights out!

New clothes - about £80 per month. Have lost alot of weight so buying new stuff. can cut this right down tho i think

Nail treatments - £40 per month... it looks so stupid in writing *ashamed*

Total - £1026.20

one off yearly payments include:

car maintenance - hazard about £400 per year on MOTS, Services and general fixing

Car insurance - £450 per year

car tax - £115 per year

christmas - £300 per year - huge family, large expectations

birthdays - £150 per year

Haircuts - maybe £60?? Dont go often as its long and looks after itself!

Total: £1475

Ok.... thats all i can think of... please let me know if you can think of anything else and, i really am grateful. thank you x x x

silly_milly

oopppsss.... debts too eh?!

HSBC loan - £8909.76. 7.9%. 42 payments to go
Virgin CC - £5658.50 19.9%
Egg CC £5168.68 19.9%

Total:£19,736.94

liz105

silly_milly wrote: »

Income


rent - £0 I have just moved home to try and save money to throw at my debts. eek! On the plus side i have no gas/elec etc either

Council Tax - aprox £50 per month but Ihavent set this up yet - am I right in thinking you're not paying rent but are helping with this one?

mobile phone - aprox £150. I can cut back here but in a limited way as Im fixed into my contract till Nov - why is it so high? is it because of your work?

Eating out - aprox £100 per month. could cut this out.... - if you've moved home then eat at home

pet food - £30 per month - hungry pets???

nights out - between £0 and £60 per month - you need to cut this down to help to get these debts cleared

HSBC Loan - £212 per month

Virgin CC - estimate about £110 per month but not sure (min payment)

Egg CC - £106.20 (min payment of 2%)

Gym - £38 per month. trapped for next 3 months but then cancelled)

Books - Realistically I spend about £50 a month on books. can cut this out and use library... I'll miss this more than nights out! - your house must look like a library!!! re-read every thing you have ;-)

New clothes - about £80 per month. Have lost alot of weight so buying new stuff. can cut this right down tho i think - thats a lot of money, needs to come right down to essentials only

Nail treatments - £40 per month... it looks so stupid in writing *ashamed* I dont need to put anything here do I

Total - £1026.20

one off yearly payments include:

car maintenance - hazard about £400 per year on MOTS, Services and general fixing

Car insurance - £450 per year

car tax - £115 per year

christmas - £300 per year - huge family, large expectations

birthdays - £150 per year

Haircuts - maybe £60?? Dont go often as its long and looks after itself!

Total: £1475

Ok.... thats all i can think of... please let me know if you can think of anything else and, i really am grateful. thank you x x x

Can you get an evening or weekend job? Many apologies if you have already stated/implied that this isnt an option, Im tired and couldnt remember all of your post.

Im sure you know that minimum payments arent going to make a big dent. but a few savings (I reckon my suggestions add up to approx £320) and a part time weekend job (£200 p/m) thats £520 EXTRA to throw at those debts :j no probs, you'll be debt free in no time :T

GirlRacer_2

Even though your stuck in a contract with your mobile provider, you can still opt to go to the lowest tariff.

tirednurse_2

I am in a similar position to yourself, in that I don't know from one week to the next what I will be paid.
I am a bit of a bookworm too, now I get my books from the library instead of buying them.
I buy my clothes from Primark - previously I was a Next and Wallis girl.
I love to eat out but can't afford it now so I often scrounge a dinner from friends and family and take a cheapo bottle of wine with me.

misspoppy

it would seem that you need to get a permanant job so you know where you stand and do the others around it. You also haven't said what you do about your tax, if you are self employed you will need to save up for this and you also will not have any sick pay or pension if you are on reduced NI.

beanielou

Your moblie cots are really high as is your eating out & you also have a going out budget.your book budget needs to reduce.you can order all your books from library instead.Clothes need to reduce a lot as well.
Sorry to be blunt!
Welcome to MSE,you are in the right place!

I_was_a_fool

You can get books from Amazon, almost new, really cheaply & you can also sell any books you are not too keen on or will not read again.Can also sell clothes that no longer fit on ebay & buy new ones there too, great bargains to be had.