Right now I want to bang me head on the floor

kelfen

I have been VERY naughty.

The debts keep piling up - I have sorted a payment scheme for most, if not all. The last ones will be the ones that come in, show their face and send me letters that I MUST open. No head in the sand for me!

So, the profile

I'm 29, live with my fiance. Was self-employed but now waiting to start my new full-time job, just waiting for the CRB to come back. I have been very bad with money and leaving my head in the sand, but, like my diet that I keep failing on, I NEED to get a grip on this before it consumes me.

Apparently there's enough money every month to cover the bills, but right now I'm down to £100 with 2 weeks left and £63 guaranteed to come out. I also need petrol for my scoot and to do food shopping.

Can't do an SOA yet as no point, but will when first full-time wage comes in. Right now it's about survival.....

So, money to come in:
£15 stuck in Paypal's 'pending' process.
£10 in Paypal
Trying to sell stuff around me, hopefully making £15 today, with 19 items on eBay and a few on other selling sites. That should net me another £20 - 50 dependant on what does and doesn't sell.

*bangs head on floor*

HELP!

beanielou

So have you not got any food then?
You have forty quid to spend on petrol & food & whatever you get in from your sales.
Doable?

kelfen

I did manage it, but it was a close run thing!

I've now started my job (one week in) and I can start to see the light at the light at the end of the tunnel, which is a massive boost for me. I'll be popping my SOA up at the end of the month, once I get my first wage through, and managed to go PAYG after the end of my contract, so that has dropped my mobile bill considerably. There's a few bits I need to put into place....

1. Meal plan
2. Spend diary
3. Sort out the last debt payments to be finalised and update spreadsheet
4. Sort spreadsheet out
5. Re-do SOA

kelfen

Right, here we go....

SOA - updated

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.................... 0

Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 300 - this covers all the bills
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 15
TV Licence.............................. 0
Satellite/Cable TV...................... 5
Internet Services....................... 0
Groceries etc. ......................... 200 - I pay for food as my share per month. I'm also lactose and gluten intolerant and buying lunches for work
Clothing................................ 30
Petrol/diesel........................... 30
Road tax................................ 5
Car Insurance........................... 20
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 10
Presents (birthday, christmas etc)...... 30
Haircuts................................ 10
Entertainment........................... 30
Holiday................................. 30
Emergency fund.......................... 0
Vaping ................................. 60
Total monthly expenses.................. 785


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 200
Other assets............................ 0
Total Assets............................ 200

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Debt payments .................6500......85........0
Provy .........................0.........121.......0
Total unsecured debts..........6500......206.......-


Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 785
Available for debt repayments........... 515
Monthly UNsecured debt repayments....... 206
Amount left after debt repayments....... 309

Personal Balance Sheet Summary
Total assets (things you own)........... 200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -6,500
Net Assets.............................. -6,300

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

At the moment I'm also saving what I can for my wedding and also trying to pay off debts as and when I can . The Provy is needed as can't get any other loan and need to replace my scooter in a couple of months, the rest was used to get my first one, MOT, Tax, insurances and household expenses