Next up: the Natwest OD

frustrated12

For the last 6 months I have been working hard to reduce my debt and last month I managed to pay off my Natwest CC!
Over the last 6 months I have manged to pay off over £2000 of my total debt.

My debt now stand at the following:
Natwest OD: £3130.24
Natwest OD 2: £600

I am nearly £60 a month better off than I was 6 months ago which is a great start, below is a SOA, I'm hoping that you lovely guys might be able to help me shave some more off.

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1444.72
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1444.72

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 470
Management charge (leasehold property).. 0
Council tax............................. 69
Electricity............................. 40
Gas..................................... 0
Oil..................................... 0
Water rates............................. 38.14
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 12.12
Satellite/Cable TV...................... 19
Internet Services....................... 10.88
Groceries etc. ......................... 150
Clothing................................ 10
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 43.72
Car maintenance (including MOT)......... 15
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1077.86


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 600
Other assets............................ 0
Total Assets............................ 600

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Natwest OD.....................3130.34...46.15.....19.8
Natwest OD.....................600.......5.........19.8
Total unsecured debts..........3730.34...51.15.....-


Monthly Budget Summary
Total monthly income.................... 1,444.72
Expenses (including HP & secured debts). 1,077.86
Available for debt repayments........... 366.86
Monthly UNsecured debt repayments....... 51.15
Amount left after debt repayments....... 315.71

Personal Balance Sheet Summary
Total assets (things you own)........... 600
Total HP & Secured debt................. -0
Total Unsecured debt.................... -3,730.34
Net Assets.............................. -3,130.34

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

frustrated12

I am waiting for my expenses to be paid from work. I am using my CC just for work purposes as I know that I will get all of the money back each month.
I am owed about £160, I only need to send about £100 of this to the CC so the other £60 I will put towards my OD.
Things are looking good this month, so far I have paid off £530 towards debt and I'm hoping I can get this to £600 by the end of the month.

Wish me luck!!

frustrated12

I think the biggest saving can be from food shopping. I spend around £150 a month just for me! I know this can be so much lower but I just find it difficult. I live by myself, but I work shifts and when I'm at work I get food for free there. I always just end up buying ready meals because when I finish work I am normally tired.

frustrated12

Not much to report, just under 3 weeks left until payday.
I have t brought anything unnecessary yet, so far so good.

WifeandMummy

Well done on the CC, keep up the good work and you'll be debt free in not time xx