help with debt advice needed.

iolanthe07

Good luck with giving up smoking. £4.50 a day = £140 a month, and it is insane for this much money to go up in smoke, never mind the health issues. If you succeed in this you will find a huge relief on your spending and can probably keep the gym and even the sky package, though Freesat provides dozens of channels at no subscription.

satchmo1

Gym - if you keep it on, then shower there, wash and dry your hair there.


Make lunch the evening before, or take leftovers from dinner. If you're a coffee addict, never buy takeaway coffee - invest in a cafeteria (check out your charity shops) and get ground coffee from Aldi: make your coffee at work. I'm lucky that where I work the tea/coffee/milk/sugar is provided, but not everyone has that luxury.


Make sure you use a cashback site for major purchases. I got over £100 back last year after researching the best prices, for things I was buying anyway.


Lodger - aim for someone who wants a room for Monday - Thursday nights, that way you get the benefit of their rental but still have your own space at the weekend.


Wishing you a happy, debt-free 2014

asoe209

Happy new year.

Ill try looking at doing one of them SoAs heardbof it not sure what its about orbdo with it through.

Incant get a 0%; card I never get accepted for them so try not to apply now, but that would take a lot of pressure off tansfering both to one and getting it paid off.

asoe209

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................ 1532
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1532

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 670
Council tax............................. 75
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 22.5
Telephone (land line)................... 15.4
Mobile phone............................ 20
TV Licence.............................. 12.12
Satellite/Cable TV...................... 38.25
Internet Services....................... 7.5
Groceries etc. ......................... 100
Clothing................................ 0
Petrol/diesel........................... 60
Road tax................................ 80
Car Insurance........................... 31.09
Car maintenance (including MOT)......... 80
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)...... 0
Haircuts................................ 15
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Gym..................................... 50
Total monthly expenses.................. 1406.86


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
capital one....................1429......80........39.9
vanquis........................1652.37...80........39.9
very...........................5265......80........0
Total unsecured debts..........8346.37...240.......-


Monthly Budget Summary
Total monthly income.................... 1,532
Expenses (including HP & secured debts). 1,406.86
Available for debt repayments........... 125.14
Monthly UNsecured debt repayments....... 240
Amount short for making debt repayments. -114.86

Personal Balance Sheet Summary
Total assets (things you own)........... 2,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,346.37
Net Assets.............................. -6,346.37

satchmo1

I think you've entered Road Tax incorrectly. You said earlier you pay it twice yearly, but it isn't £80 per month is it?

tallyhoh

you hardly use any petrol, why not ditch the car & gym & try walking, cycling to work?

asoe209

I have thought about giving up the car, but that would leave me in a position I dont wantbto be in with transport.

I really cant see any thing else to cut now.

Ill search the house for bits I can sell. Will see if I can balande transfer one of my cards to the other existing card.

Thats it

Mrs_Cheshire

Your road tax needs adjusting as it's not £80 per month.
I would get rid of the sky and landline as you have a mobile. I would also do without the gym. Once your out of debt you can reinstate them.

FBaby

Do you really never ever buy any item of clothing? Socks, underwear, shoes, coats, work out outfits?

National_Debtline

Hi asoe209

Further to previous comments about gym - a recommendation I would make from personal experience is finding your local parkrun event. These are free 5k runs which take place at 9am on Saturday mornings at hundreds of venues around the country. There is a huge range of people at these events, from top athletes to social runners and parents pushing their buggies around, and the atmosphere is always extremely convivial. Plodding along on a treadmill for £50 a month cannot compete with that - just my opinion!

http://www.parkrun.org.uk/events/events/

Regards

Dennis @NDL