need your help

paulwellerfan

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 756
Partners monthly income after tax....... 0
Benefits................................ 960
Other income............................ 0
Total monthly income.................... 1716

Monthly Expense Details
Mortgage................................ 0( really )
Secured/HP loan repayments.............. 100
Rent.................................... 0( nothing)
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0 ( nothing for this)
Gas..................................... 0
Oil..................................... 0( ditto)
Water rates............................. 0( ditto)
Telephone (land line)................... 0
Mobile phone............................ 19
TV Licence.............................. 0( ditto)
Satellite/Cable TV...................... 48
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 0
Petrol/diesel........................... 160
Road tax................................ 0( ditto)
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 480
Other child related expenses............ 60
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 150
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1317


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 2000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 2000.....(100)......0
Total secured & HP debts...... 2000......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 1,716
Expenses (including HP & secured debts). 1,317
Available for debt repayments........... 399
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 399

Personal Balance Sheet Summary
Total assets (things you own)........... 2,000
Total HP & Secured debt................. -2,000
Total Unsecured debt.................... -0
Net Assets.............................. 0

i think you need to re think all of this!!!!
cant believe you dont pay any gas, electric, rent or water.

Vikipollard

Guessing this is just your 'share' of the bills (as in what you pay for), but OP, you need to post everything.

You mentioned having payday loans, but they dont appear in your unsecured debts ~ how much are they and any other debts/loans/caards you have?

If you post the lot, the wise people on here can perhaps help

keep_calm_and_debt_free

For all your guys wondering why I haven't got any rent and utility bills. I have the answer for you, I am currently living with family, I am in the process of looking for my own place so will have these bills to factor into, but at present. I am not required to pay anything and I do my part by buying food. I hope that helps with the confusion.

The fact i'm wanting to move out very soon is also a one of the reasons to get my finances back in order. To prepare for the move and the financial responsibilities of running my own home.

Vikipollard

Ok, that makes some explanation then.

What are the debts though? You havent listed those as part of your statement of affairs.

keep_calm_and_debt_free

I have credit cards, payday loans and overdraft totalling to about £2000, I didn't know where to put those.

Edit I see where I made a mistake those debts are not secured debts, the are unsecured my mistake.

changed it now.

[Deleted User]

You really need to post the debts individually and in detail (outstanding amounts, monthly payments, APRs), if you want people to advise you properly.