Just done my budget !!!

bumblebee86_2

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 852.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 0.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
enhancements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200.00
Monthly Expense Details
In Your Home
Mobile phones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.00
TV licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.12
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.14
Home phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86.67
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Council tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86.14
Overdraft cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Bank account fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 392.21
Plumbing/Boiler cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage payment protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and household shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 195.00
Drinks for home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
rich mobile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Rail/Buses/Taxis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.13
Breakdown cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Debt Repayments
Credit card repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hire purchase repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal loan repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Car loan repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
wonga . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57.35
pduk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
mackenzie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
bcw . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
moorcroft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.50
littlewoods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.08
studio. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.00
Savings & Investments
Pension payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Buying shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cash ISAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump sum saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00
Family
Pet food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Children's travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby-sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Childcare/Playgroups. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.86
Travel insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family days out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big days out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Shopping for fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
IT/Computing (antivirus, etc) . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
DVD rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Drinking out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.00
Clothes, Health & Beauty
Complimentary therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Optical bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.33
Beauty treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Healthcare cash plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dental insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private medical insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Work clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New children's clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Education & Courses
University tuition fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One-Offs
Funeral expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Winter holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Odds & Sods
Newspapers and magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 0.00
Regular charity donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,052.00

Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,306.53

Any Ideas ? ?

current debt 12895.15 - aim to be debt free by age 30 (march 2016)

Tixy

Hi

So at the moment you seem to have an overspend of £250 a month - does that feel right? that your debts have been increasing?

Do you live alone?

If you are short by £250 then it looks like you will either have to be brutal with cutting your outgoings or try to increase income somehow.

bumblebee86 wrote: »

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . 852.00
enhancements. . . . . . . . . . . . . . . . . . . . . 200.00
Monthly Expense Details
In Your Home
Mobile phones . . .. . . . . . . . . . . . . . . . . 13.00
TV licence. . . . . . . . . . . . . . . . . . . . . . 12.12
Internet. . . . . .. . . . . . . . . . . . . . . 35.14 can you look for a cheaper deal here?
Home phone. . . . .. . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . 86.67 is your heating all elec as well? have you checked if you are on the best tariff/cheapest supplier? have you tried reducing your usage?
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Water . . . . . . . .. . . . . . . . . . . . . . . . . . . . 0.00 do you not need to budget for this
Council tax . . . . .. . . . . . . . . . . . . . . . . . . 86.14
Mortgage/Rent . . . .. . . . . . . . . . . . . . . . . 392.21 is this rented or owned?
Food and household shopping . . . . . . . . . . . 195.00
rich mobile . . . . . . . .. . . . . . . . . . 25.00 is this your partners phone?/childs phone?
Motoring & Public Transport
Rail/Buses/Taxis. . . . . .. . . . . . . . . . . . . 60.13 is this the most efficent way to buy these costs (e.g. do you buy a season ticket if that is cheapest)
Debt Repayments
Personal loan repayments. .. . . . . . . . . . . . . 100.00 how much do you owe? what APR?
wonga . . . . . . . . . . .. . . . . . . . . . . . . . . 57.35 are these other debts all in a repayment plan? are you managing these yourself? is interest frozen? how much do you owe to all?
pduk. . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
mackenzie . . . . . . . . .. . . . . . . . . . . . . . . 10.00
bcw . . . . . . . . . . . .. . . . . . . . . . . . . . . 10.00
moorcroft . . . . . . . . .. . . . . . . . . . . . . . . 15.50
littlewoods . . . . . . . . . . . . . . . . . . . . . . . 27.08
studio. . . . . . . . . . . . . . . . . . . . . . . 39.00

Regular saving. . . . . . .. . . . . . . . . . . . . . 5.00 do you have much saved? is this an emergency fund?
Family
Pet insurance . . . . . . .. . . . . . . . . . . . 8.86
Entertainment
Eating out. . . . . . . . .. . . . . . . . . . . . . . . . 65.00 can you try to cut this down? perhaps look out for offers?
Clothes, Health & Beauty
Dentistry . . . . . . . . .. . . . . . . . . . . . 3.33
Birthdays . . . . . . . . .. . . . . . . . . . . . . . 25.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . 25.00 given your current position you need to try to reduce these 2
Odds & Sods

Total monthly income. . . . . . . . . . . . . . . . . . 1,052.00

Total monthly expenses. . . . . . . . . . . . . . . . 1,306.53

Any Ideas ? ?

current debt 12895.15 - aim to be debt free by age 30 (march 2016)

How have you worked out what to pay each of your debts? it looks like you may need to reduce the amount you pay to them to be able to breakeven each month.

Is there anyway you can increase your income? do overtime? a second job perhaps?

bumblebee86_2

Thank you for looking at budget and the annotations are really helpful I will have to try and implement any that seem feasible in my current situation ;-)

John1993_2

Can you give more information on the income part of the equation? Your income is below the national minimum wage for a full-time job, are you part time, on an apprenticeship, or is it something else?

On an income this small it's going to be very hard work to end up with any decent standard of living no matter how hard you cut expenditure, so it's also going to make sense to look at ways of increasing your pay.

kazwookie

What is a rich mobile?

stevenhp1987

You can cut out the eating out and you've saved yourself £60!

Secondly if you're really stuck for money, you could try ringing up your creditors and negotiating a lower repayment, even temporarily.

e.g. Prepare a statement without your loans on it, then the remaining amount should be split up pro-rota to each creditor.

bargainbetty

bumblebee86 wrote: »

Income from Employment (after tax). 852.00 Do you qualify for tax credits, income support, help towards council tax etc?
enhancements. . . . . . 200.00
Monthly Expense Details
Mobile phones . .. . . . . 13.00
TV licence. . . . . . . . . 12.12
Internet. . . . . 35.14 Shop around, this seems fairly high.
Electricity . . . . . . 86.67
Water . . . . . . . . 0.00 Nothing?
Council tax . . .. . . . . . . 86.14
Mortgage/Rent . . . . . . . . . . 392.21
Food and household shopping . . . 195.00
rich mobile . . . . . . . . . . . 25.00 ??
Rail/Buses/Taxis. . . . . . . . 60.13

Personal loan repayments. . . . 100.00 Total debts and APRs, and the snowball calculator will help you see which to pay off first.
wonga . . . . . . . . . . . . 57.35
pduk. . . . . . . . . .. . . . . 10.00
mackenzie . . . . . . . . . . . 10.00
bcw . . . . . . . . . . .. . . . 10.00
moorcroft . . . . . . . . . . . 15.50
littlewoods . . . . . . . . . . 27.08
studio. . . . . . . . .. . . . . 39.00

Regular saving. . . . . . .. . . 5.00 How much do you have?
Pet insurance . . . . . . . . . . 8.86 How many pets?
Eating out. . . . . . . . . . . . 65.00 You can't afford this
Dentistry . . . . . . . . . . . 3.33 Can you not qualify for free NHS treatment on your income?
Birthdays . . . . . . . . . . . 25.00 Reduce this
Christmas . . . . . . . . . . . 25.00 Reduce this
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,052.00

Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,306.53

Any Ideas ? ?

current debt 12895.15 - aim to be debt free by age 30 (march 2016)

You need in increase your income or reduce your outgoings (or both). Without knowing how fast the debts are clearing, it is hard to work out how fast you could clear things. It's also unclear if you live alone or with others, so I'm unsure if you could reduce your food bills further. I really hate to ask this, but can you afford a pet right now?

I know my questions might seem a bit harsh, but your debt in creasing hugely each month - you will have to make some really significant cuts very soon. If you are already on a DMP, then you could consider revising the sums you pay to the creditors to affordable sums, or even consider bankruptcy if you cannot afford repayments.

I wish you luck

National_Debtline

Hi Bumblebee

bumblebee86 wrote: »

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 852.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 0.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
enhancements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200.00
Monthly Expense Details
In Your Home
Mobile phones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.00
TV licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.12
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.14
Home phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86.67
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Council tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86.14
Overdraft cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Bank account fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 392.21
Plumbing/Boiler cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage payment protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and household shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 195.00
Drinks for home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
rich mobile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Motoring & Public Transport

Rail/Buses/Taxis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.13

Debt Repayments

Personal loan repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00

wonga . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57.35
pduk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
mackenzie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
bcw . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
moorcroft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.50
littlewoods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.08
studio. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.00
Savings & Investments

Regular saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00
Family


Pet insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.86

Entertainment


Eating out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.00
Clothes, Health & Beauty

Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.33

Big One-Offs

Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00

Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00


Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,052.00

Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,306.53

Any Ideas ? ?

current debt 12895.15 - aim to be debt free by age 30 (march 2016)

I think it's safe to say for now that you will have to negotiate token offers of payment with your unsecured creditors as a holding tactic. At present, the payments listed here total £268.93, so reducing your payment offers to £1 a head will enable this budget to break even without the need for any other cost-cutting just yet.

Our version of the letter template you can use is available here:

http://www.nationaldebtline.co.uk/england_wales/forms/rp_yes_sample_letter_r4.php

Dennis @NDL

poppasmurf_bewdley

£600 a year on Christmas and Birthday presents in your situation is madness.

You must be able to reduce this drastically.

retepetsir

Reduce/get rid of birthday/christmas spends and eating out every month. Eating out is costing you over £700 a year which is madness!

sistafromanothermista

I agree with the posts above. Eating out is a luxury you cannot afford in your circumstances.
Could you get a second / third job? Maybe evening work somewhere?