Desperate Newbie

thefool

Impomdasp wrote: »

Hi and welcome:beer:

You've certainly made a life-changing choice by coming on here and having the courage to post your SOA and ask for help. There are so many lovely people on here who will do all they can to help you. I wish you all the success in the world.

People have already given you some excellent advice. The only other thing I noticed in your SOA is £30 monthly for clothing/footwear. That amounts to £3600 a year:eek:. Is there a valid reason (such as work-wear) why you need to be buying new clothes when you could put that money towards paying off something ? If you are cutting down on your going-out etc you don't really need to be seen in new gear every time. Can't you just wear what you've already got?

It's £360 a year and is a vague estimate. I'll probably have to review a few items on my SOA though.

robnye

i would definately give bcard a ring - ask them for a low long term % rate, then transfer some of the other balances over............

david_hellier

Hi and welcome.

This is pretty much an emergency situation in which you need to immediately halt overspend. According to my figures you have £62.60 per week to spend on food, clothes and anything else. To prevent overspend, write this amount in a little note book (a spending diary) on a Monday and keep a note of what you spend by subtraction. Maintain the same level of payments on the CCs, never the minimum and stop using CCs for any more purchases.

The others have given you good advice on cutting back and you may need to re-negotiate with your lenders to generate more weekly income.

Good luck, the figures are as follows:

income weekly monthly
self 2000.59
partner







total 0.00 2000.59 divide by 4.33
£461.68

£461.68 total weekly income

spend weekly monthly
rent/mortgage 400.00
council tax 117.00
elec 20.00
gas 20.00
water 0.00
secured loans 0.00
TV licence 11.25
fines 0.00
phone 10.00
transport 15.00
co-op v 202.00
BC V 10.00
mint cc 101.00
virgin 94.38
MS MC 76.00
BOS V 52.81
egg loan 456.10
cahoot 143.78














total 0.00 1729.32 divide by 4.33
£399.07

£399.07 total weekly spend

Start= income - spend = £62.60 per week

postingalwaysposting

welcome the (not now) fool, i echo most of the others you could drop your food bill buy about £20 maybe more you need to look on the old style board and also look at whats in your cupboards at the momment and use all that up before you shop again also i would start a spending diary beacuse as you say some of your figures etertainment/clothes etc could be more or less and your spending diary will pick this up... also you may think thats your items that you could sell wont have interest but your will be supprised, 50+ of my items just ended and two of my best seller was a free gift and a bag that i had thrown in a dusty cupboard... you will be surprised... welcome on to the dfw waggon :T

thefool wrote: »

I did try to move my cards to 0% ones but I got knocked back the twice I applied recently. Not good !

I've never used ebay or amazon so don't know what it entails, not sure i've got much of interest to sell either

Mozette

You definitely need to do a spending diary, and write down literally every penny, trust me it really is amazing how much you spend, and on what you spend. I must admit, keeping a spreadsheet of what I spend, and keeping a running total each month really makes me think about what I'm adding to it and why. Not saying I don't slip now and then, but I've cut down a heck of a lot. And if you don't know where it's going, how can you know where to cut it down.
Also think that you do need to to have a talk to your partner, in my opinion, it's worse to be lied to than to face up to any problem, and having support helps.
Good luck.

dreams_R_free

Quote:
Originally Posted by Impomdasp
Hi and welcome
The only other thing I noticed in your SOA is £30 monthly for clothing/footwear. That amounts to £3600 a year.

pinkkaz wrote: »

£360, surely

OOOPs:o

That's why I started 'living' on the MSE website. No wonder my budgetting and debts are all to pot with maths skills like mine:eek:

misspoppy

Hi

Are you sure you are only paying half of the rent/mortgage and bills they seem really high if you times them by 2. Also are you as a couple actually spending £500 p/m on food or are you solely responsible for the food bill. I was just thinking that if you are paying so much on essential bills you must live in a very big place and if you are paying that much to someone elses mortgage without having any claim on it, it doesn't seem very fair.

consumerpower

Hay

And welcome your note alone, I am in my second week and I cant tell you how much differenent I feel to even three weeks ago.

Your taking massive steps right now, admitted things are messy, I read the roll of honour thread, and found this very inspiring, you are and will sort this out, and sooner than you think your be debt free!

Loads of good luck to you, and remember you've just made a mistake thats all, its not the end of the world.

Big Hugs
ConsumerP xxx

thefool

Well I've been treading water since I first posted on here, frightened to confront my situation. But now I have.

I have an phone interview with Payplan tomorrow to sort out my finances, however, having told my partner the true nature of things she's decided to end it all after six years together.

The financial hassles I can deal with, but this really is unexpected and to be honest I'm totally gutted.

Shineyhappy

That really is quite cruel, are you sure she isnt acting out of shock? Hopefully she will calm down and take things a bit slower before coming to that kind of decision.

I hope your meeting with payplan goes well tomorrow. Keep posting on here as like the rest of us, you will need support