Here I am in debt again. 2nd time lucky

B-J-D

well done on the gold! how cheeky to offer you that little amount in the first place!!

StressedSteph

B-J-D wrote: »

well done on the gold! how cheeky to offer you that little amount in the first place!!

I know, just shows how they try to take advantage of people who might not totally know the value of their gold and are desperate :mad:. Thanks for posting xx

I have been having a look at my spreadsheet.
I can't decide what to do.

I wanted to get rid of my N#xt and L1ittlewoods catalogues quickly, and have been paying £200 & £600 respectivley off each month. They would then be gone by late spring.

BUT...

I does'nt make my £3000 overdraft look much better.

So I have decided to reduce my catalogue payments to £100 & £300, so that I can kill off the OD.
Both the OD and the catalogue will then be gone by late summer / Early autumn.

I think this makes better financial sense, even though it does'nt feel so rewarding. I have been paying £36 interest and £75 charges for being in and over my overdraft so the quicker it is gone the better.

Its such a juggling act.

It will be nice once I get to the late summer and then I just have the two big Credit cards to pay off. they only ask for a small minimum payment every month, so my over payments will look REALLY impressive.

Aaargh its only January and I am already wishing the year away. I have the learn to enjoy life during my debt busting year so that I don't waste 2013 ;)

clearmydebts

Hi Steph!

Have just read your diary from start to finish am thoroughly enjoying it.

Have subscribed!

mummytogirls

Hi Steph,

Poor DD hope shes feeling better soon. I have my DD1 off today too who is suffering with tummy ache and feeling sick. She hasnt actually been sick and shes had her lunch and everything.

Boo to the broadband pack, hope it comes soon xx

istabraq

StressedSteph wrote: »

Hi Istabraq,

Welcome to MSE and thanks for looking at my diary.

Not sure where you are seeing the 672.5 in my summary. just had a look and can't see that figure anywhere.

Would be happy to help if I understoon.

Take care
xx

Hi, it says it in your monthly budget summary.

Ammeretto

[QUOTE=StressedSteph;57425077
Monthly Budget Summary
Total monthly income.................... 3,296
Expenses (including HP & secured debts). 2,344.5
Available for debt repayments........... 951.5
Monthly UNsecured debt repayments....... 779
Amount left after debt repayments....... 672.5
Personal Balance Sheet Summary
Total assets (things you own)........... 428,000
Total HP & Secured debt................. -150,000
Total Unsecured debt.................... -17,043
Net Assets.............................. 260,957
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

[/QUOTE]

istabraq wrote: »

Hi, it says it in your monthly budget summary.

I think she means the summary in your SOA in your first post
The totals don't come back
£3296 less £2344.50 less £779 equals £172.50 not £672.50

It looks like the figure for debt repayments is wrong and should be £279 rather than £779 - this will give the surplas of £672.50

rising_from_the_ashes

Hi Steph fab news on the gold ... just shows what chancers they are to start with tho'!:mad:

I'm wishing the year away already too - Jan's pay is already accounted for, then it's another 5 week one until payday in Feb :eek: so that'll be me skint again (I don't do so well in the 5 week months ) so it's already March before I've any money spare!

lurvlyloz

hi steph.

i agree that financially will make sense to make the lwoer payments and chip away the od.

great news on the gold.

i hope DD is feeling a bit better xx

rising_from_the_ashes

Ammeretto wrote: »

I think she means the summary in your SOA in your first post
The totals don't come back
£3296 less £2344.50 less £779 equals £172.50 not £672.50

It looks like the figure for debt repayments is wrong and should be £279 rather than £779 - this will give the surplas of £672.50

The figure for the repayments is correct if you add everything up .... the surplus is wrong

I think what's maybe happened is it Steph has added in Next (£200) and Littlewoods (£300) later on which has changed the repayment figure but not the totals

The amount left after debt repayments should be £172.50

StressedSteph wrote: »

Unsecured Debts
Description....................Debt......Monthly.. .APR
Littlewoods 2905 300
Next 1431 200
Tesco Credit Card..............5000......50........0
Barclay Card ..................882.......20........0
Virgin Credit Card.............3825......109.......1.87
Barclays Overdraft.............3000......100.......20
Total unsecured debts..........17043.....779.......-

Monthly Budget Summary
Total monthly income.................... 3,296
Expenses (including HP & secured debts). 2,344.5
Available for debt repayments........... 951.5
Monthly UNsecured debt repayments....... 779
Amount left after debt repayments....... [STRIKE]672.5
[/STRIKE] 172.50

StressedSteph

Evening all,

Yay I am finally connected to the internet :j:j:j:j:j.

Sorry I missed the debate about my old soa.

Yes I did forget to add N#xt and L1ttlewoods onto my soa in the beginning and added it on afterwards. That explains my mistake on the amount left over.

The N#xt £200 and L1ttlewoods £300 are both massive over-payments, so once those two bills are gone (about June 2013). I will then have that £672.50 to throw at the debts.

I am seriously guarding my budget at the moment but have had two VERY annoying bills come in today.

Np0wer Electric £331 :eek: Increasing my DD to £221 pm :mad:
Have done a comparison website and Np0wer still came up cheapest, so have switched tarriffs, so DD should come down to £161 pm. Still dreadful, am going to be looking at our usage to try to cut it all down.

BT Final business account bill £249 :mad:.
Have found out that if you don't use £500 per year on the account, you get charged the difference . As I have cancelled the account they have charged me. Soooo glad this has all been cancelled.

So somehow, I have got to factor these extra bills into my already tight budget. :mad::mad:.

It just feels like an all out war sometimes. I am trying to keep hold of my money and companies everywhere are trying to take it off me and winning most of the time. Grrrrrrr

Wow I needed that rant. Been without my diary for 4 days and its built up :rotfl:.

Off to get kiddies sorted and will check out some diaries xxx