Debt Free by Dec 2014!

Raggydoll85

Hi Everyone,

Today is pay day for me! that means paying off some more of my debt. So far ive only paid half of what i plan to this month. Will pay the rest over the next couple of days


HSBC overdraft - [STRIKE]£813.52[/STRIKE] £691.34 Amount paid off - £122.18
CC - £2775.20:eek:
NW Overdraft - £550:(
Dad -[STRIKE] £99.77[/STRIKE] £79.00 Amount paid off - £20.77
Mum - £45:(

Getting there! baby steps right?

Raggydoll85

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

Monthly Income Details
Monthly income after tax................ 1384
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1384

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 390
Management charge (leasehold property).. 0
Council tax............................. 74
Electricity............................. 61
Gas..................................... 0
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 45.5
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 50
Road tax................................ 0
Car Insurance........................... 20
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100
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......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1072.5


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................2775.2....63........19.99
HSBC Overdraft.................691.74....100.......19.99
NW Overdraft...................550.......0.........NaN
Dad............................79........0.........0
Mum............................45........0.........0
Total unsecured debts..........4140.94...163.......-


Monthly Budget Summary
Total monthly income.................... 1,384
Expenses (including HP & secured debts). 1,072.5
Available for debt repayments........... 311.5
Monthly UNsecured debt repayments....... 163
Amount left after debt repayments....... 148.5

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -4,140.94
Net Assets.............................. -4,140.94



It says i have £148 spare... which is possibly true but i never have it at the end.....so maybe i should do a spending diary....
:S

Raggydoll85

So another little bit has been paid off! paid mum £13.39

Mum - £45 £31.61

novagirl

Definitely do a spending diary and just see where the extra money goes well done for paying that little bit extra to your Mum

jackieblack

£200 on groceries is a lot for one person, you could cut that back and put the extra to paying off your debt

Raggydoll85

jackieblack wrote: »

£200 on groceries is a lot for one person, you could cut that back and put the extra to paying off your debt

about £40 of that is my cat... how much should one person cost then??? groceries is everything for the flat so toilet roll cleaning stuff etc shampoo n things...

jackieblack

Well, I spend £300 per month for a family of 3 adults and a cat, including cleaning products and toiletries

Raggydoll85

I will have to see what i can do then

jackieblack

Raggydoll85 wrote: »

I will have to see what i can do then

Check out the 'Old Style Moneysaving' board for some great tips and advice - there's even a thread on how to eat for £7 a week, which may be a bit drastic , I'm not suggesting you try it but there's plenty of other advice that might help

Raggydoll85

jackieblack wrote: »

Check out the 'Old Style Moneysaving' board for some great tips and advice - there's even a thread on how to eat for £7 a week, which may be a bit drastic , I'm not suggesting you try it but there's plenty of other advice that might help

Thanks will see what happens... yes i dont think i can do £7 a week... lol but you never know... i probably spend too much on random stuff.. We shall see