Advice Wanted

ezzauk

Hi all, could anyone give me some advice on where i can make some savings on the following:


Incomings: £997

Outgoings:

Rent £220
Mobile £25
Cinema Mem £11
Health Mem £9
Savings £50
Pention £60
CC £200
Loan £250
Career Loan £90

I think thats about £915 a month i payout not leaving me alot to play with.
Very little savings & just only started to get out of my OD

Thanks Ezza :cool:

betterlatethannever

I'm no expert but i'm sure one will be along soon to help you.
Is cinema membership and gym needed. Hire a dvd, maybe sharing it with a friend and going halves? as for the gym, theres nothing better for you than a good (free) walk each day!
Pension also seems high.
Anyway i'll leave it to the experts but good luck

GirlRacer_2

There seems to be lots missing here - gas, electricity, water, birthdays, christmas, transport (bus, train fares) and food.

As above, the gym and the cinema membership could go and could you cut down on your mobile. Even if your tied into a contract you should be able to move to the lowest tariff, even if it just saves you a few pounds.

Could you not boost your incomings by getting a second Job

poppy_f1

hiya
what are the aprs on the loans and credit cards
how much do you have in savings? and howmuch is outstanding on your credit cards (no point in earning say 5% on savings but paying 15% on credit cards and loans)
are you able to take a payment holiday on your pension til you get straight

ezzauk

I live at my parents house so i only pay rent which covers all of that including internet

ezzauk

about £50 in savings
0% int on cc
6.9% apr on both loans
dont think i can stop payments on pension

RAS

Hi

Well done for addressing this now.

How much do you owe on the loans and how many payments do you still have to make?

How do you get to work?

ezzauk

SonyCard CC - £1279 paying about £170 a month
Halifax CC - £1306 paying about £30 a month
Loan From Parents £5573 paying £236 a month finishes may 2009
Career Loan - £5197 pay £90 a month finishes March 2012
Loan From Mates £370 -not start to pay back.

Im just moving the Most of the CC amounts onto a new 0% cc from abbey
also going to move my current account to abbey, and try to reclaim my charges from yourkshire bank

RAS

Hi Ezza

Started to sort your stuff so we can see what you owe where. Can you fill in the blanks?
You may need to keep a spending diary for a couple of weeks.

Incomings: £997

Outgoings:

Rent £220
Mobile £25
Cinema Mem £11
Health Mem £9
Pension £60
Travel to work?
Clothes?
Birthdays and Christmas?
Food outside home?
Social life


Abbey CC 0%
SonyCard CC ?% - £1279 paying about £170 a month
Halifax CC - ?% £1306 paying about £30 a month
Loan From Parents £5573 paying £236 a month finishes may 2009
Career Loan - 6.9% apr £5197 pay £90 a month finishes March 2012
Loan From Mates £370 -not start to pay back.

Total debts 13725

Savings £50

ezzauk

Travel to work? No Cost (Company Van, fuel, hotel etc..)
Clothes - £50 max a year
Birthdays and Christmas £120 a year
Food outside home? - try to make lunch at home
Social life - £30 Pm max


Abbey CC 0%
SonyCard CC 15.9% - £1279 paying about £170 a month (hoping to move onto tesco cc 0%)
Halifax CC - 0% £1306 paying about £30 pm
Loan From Parents £5573 paying £236 pm 6.9%
Career Loan - 6.9% apr £5197 pay £90 pm
Loan From Mates £370 -not start to pay back.

Total debts 13725

Savings £50