any help out there for me..soa and payday trap.

shellyruby

Hi All.
i cant find the link for the soa
so ive done my own.

incomings..wages..£650/670 monthly
housing benefit.....£170 monthy.
tax credits ...........£129 monthy
child benefit..........£132 monthly
hubbys rent..........£337 monthly
total £1,418.hubby has half of hosuing benefit so really is
£1.333

outgoings rent.....£725
council tax...........£167 [this will go down to £124 in january.
food....................£120[monthly .partner also puts in his half in.
contact lenses......£20 monthly.looking at going to an online cheaper one.
sky tv.internet.phone.£20 monthly.
water rates.........£15.[i have a debt on this]
ciggerettes.........£40 monthly..patches from next week.
cat food/cat litter £32 monthly..ridiculosly i have 6 cats..all rescue cats..dont really know what to do with this one.love them all.
electricity&gas...£40 a month..both on meter.
fares for college£36 a month...this will end in june.
top up food.milketc..£20 month...this always happen.
pocket money kids...£40 month...
total£1245.
so it should leave me £78 monthly.
i havent really budgeted for xmas/birthday..i seem to try to find it when it comes to it..
we have a trimmer for hair cuts for kids and i cut my own hair.

no saving..renting..no car[for me]walk to work.

debts..£500 on water rate[pay 15 a month. in the budget.
payday loan to wonga.....£520 owing.
this is my problem..i seem to borrow from them every month..
costing an excess of around £40 a month,i borrow it for around 10 days.pay it back at payday..then count it in with my wages as i have to borrow again at the end of the month to pay my half of the rent..then borrow again for 11 days and the circle carrys on..
this is what im asking advise for.best way to pay this off wonga loan by cutting down..i can see where im going wrong from looking at the different figures but im not sure how much i should be looking to reduce my payday loan down to each month and still manage.
sorry i hope it was readable..

DaveK1971

When is your payday? Have you extended wonga?

Giraffeseeker

Hi Shellyruby

I am sure others will be along to help with the payday loan situation, but two things I noticed...

Firstly, if you want to quit smoking go and get help from the NHS, I did Champix and it worked so much better (4 or 5 failed attempts on patches etc). Cheaper on prescription or even free if you are entitled to that. Patches in the shops are expensive and in my opinion don't work.

Secondly, I understand you not wanting to get rid of the rescue cats. They will all have a "backstory" and you were their second chance - I have a rescue dog and nothing would make me part with him, I would sell my kids first!! The food/litter etc is managable BUT, you have 6 of them and no insurance - what happens if one of them needs the vet or has an accident (cats and cars...)? I know it would be alot to insure 6 of them but you need a plan for this that is not a payday loan. Ideally you could "self insure" by saving a fund for this purpose but I know when things are tight you won't be able to do this. I would have a chat with your local PDSA or RSPCA or other rescue and see what would happen if a situation arose. You need to know what you would do that would not result in you getting further in debt, they will be supportive if it means 6 cats staying in their homes.

What are you studying at college?

DaveK1971

Didn't notice the cats. We have two and it can be done cheap. Aldi food and litter is decent quality and very cheap.

[Deleted User]

Could you try a credit union to get out of the Wonga trap, as it is a relative smallish amount and at least you only have one, don't worry plenty been there x

No experience of Wonga (I was more QQ!) but have heard that a long term plan can be achieved - not sure if you need to default first tho I'm afraid

shellyruby

DaveK1971 wrote: »

When is your payday? Have you extended wonga?

hi
my payday is the 1oth of december.
i borrowed 470 today[for rent] bringing my total to 520 that has to be paid by the 10th dec..11 days,i can pay it but i will have to borrow again at the end of december for the 11 days till payday in jan.
i have always paid in on time and havnt extended till the next month at all..

shellyruby

tintingirl wrote: »

Hi Shellyruby

I am sure others will be along to help with the payday loan situation, but two things I noticed...

Firstly, if you want to quit smoking go and get help from the NHS, I did Champix and it worked so much better (4 or 5 failed attempts on patches etc). Cheaper on prescription or even free if you are entitled to that. Patches in the shops are expensive and in my opinion don't work.

Secondly, I understand you not wanting to get rid of the rescue cats. They will all have a "backstory" and you were their second chance - I have a rescue dog and nothing would make me part with him, I would sell my kids first!! The food/litter etc is managable BUT, you have 6 of them and no insurance - what happens if one of them needs the vet or has an accident (cats and cars...)? I know it would be alot to insure 6 of them but you need a plan for this that is not a payday loan. Ideally you could "self insure" by saving a fund for this purpose but I know when things are tight you won't be able to do this. I would have a chat with your local PDSA or RSPCA or other rescue and see what would happen if a situation arose. You need to know what you would do that would not result in you getting further in debt, they will be supportive if it means 6 cats staying in their homes.

What are you studying at college?

lol @sell the kids first..am such a big cat lover..i have 3 of them with the pdsa and the other 3 go to the vets if they are ill.luckily this has only happened once and hubby paid..but i didnt even really think of that..i buy 6 months or more at the vets for flea treatment so it covers them all cheaply with the pdsa.didnt think to write that one down..
i will definalty email the rspca regarding that..with the others.i love them all dearly..thank you for that,

ive gone back to college to sit my english gcse..i left school at 15 to worl with my dad,my parents split up and i ran a bit wild for a couple of years,.so didnt get any exams..i work as a supervisor part time in retail and want to get my english.then my maths and then look at what else i can study for to work in the caring profession..id really like to people with addiction problems or something in that field, only really have debt addiction history lol..it may take me years but gcses are the 1st step..am enjoying it..was scary going back after years.

i looked at the champix[have also failed with patches in the past,but am a bit of a worry guts/hypocondriach and will be scared of side effects,will talk myself into having all of them as had depression years ago.
never give up giving up is my motto.well done for giving up,how long has it been.

shellyruby

Deleted%20User wrote: »

Could you try a credit union to get out of the Wonga trap, as it is a relative smallish amount and at least you only have one, don't worry plenty been there x

No experience of Wonga (I was more QQ!) but have heard that a long term plan can be achieved - not sure if you need to default first tho I'm afraid

i never really thought about a credit union..i dont know anything about them but i will certasinly google it.thank you for that..
i so thought i had it under control until i thought wheres my wages..x

shellyruby

DaveK1971 wrote: »

Didn't notice the cats. We have two and it can be done cheap. Aldi food and litter is decent quality and very cheap.

i will try aldi..ive not been before as we dont have one that near us.i will certainly try it.thank you,

shellyruby

the horrible thing is is that last year i finally finished paying of a dmp of 12 grand ,after paying it off for years ..and swore i wouldnt get into a mess again,
foolish woman.