Soa

Stuckinarut

Originally Posted by Stuckinarut View Post
Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1

Monthly Income Details[/b]
Monthly income after tax................ 1055
Partners monthly income after tax....... 0
Benefits................................ 0 You will be entitled child benefit and tax credits when baby arrives.
Other income............................ 0Any ways of making a little extra cash? Not at the moment sadly
Total monthly income.................... 1055

Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 154 (Car payment)
Rent.................................... 317
Management charge (leasehold property).. 0
Council tax............................. 115
Electricity............................. 80Get this swapped ( I can't swap as I owe money and I am on a payment meter)
Gas..................................... 80Ditto (As above)
Oil..................................... 0
Water rates............................. 0Shuld be something here (the water charges are included in my council tax)
Telephone (land line)................... 0
Mobile phone............................ 33Tesco £10 per month for 500 mins, unltd texts and 1gb data, if I recall correctly. (I'm in contract until 2015 and my credit wont allow me the luxury of changing)
TV Licence.............................. 10This will be £12.
Satellite/Cable TV...................... 70Get rid. (i've written a letter to sky today)
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 5
Petrol/diesel........................... 60Seriously? If this is all the fuel you use, I'm really not sure you need a car at all. (some weeks I will spend more than others, when I go to visit my mum etc, but if nothing on it will be about £60)
Road tax................................ 10
Car Insurance........................... 29
Car maintenance (including MOT)......... 20
Car parking............................. 20Park somewhere free (on street, at a supermarket) and walk (I will only have this to pay until Feb when I go on Mat leave, so only one more payment. I have written a letter today to get it cancelled)
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)...... 30Tell them you're not doing presents for 2014.
Haircuts................................ 15Can this be cut down? (I could def try)
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1268

I have replied in blue the best I can. Thanks for taking the time to reply.

AlexLK

I'm afraid I don't know how the payment meters work but it sounds rather unfair that they charge more to people who are struggling to pay for their utilities, does anyone have any tips for the OP to reduce her bills?

Is the fuel £60 per week or £60 per month? I am confused by your reply.

fannyadams

I am confused how come you don't pay water rates? is it included in your rent?

AlexLK

fannyadams wrote: »

I am confused how come you don't pay water rates? is it included in your rent?

She must be in Scotland (stated it's included in council tax in post before).

vics199

Could your partner do anything to bring in a little bit of money if you have broadband? Such as online surveys, swagbucks etc. I know its only a little bit but if he is at home everyday then I expect he could make around £40 a month, maybe more. It would at least allow you to get contents insurance.

[Deleted User]

Stuckinarut wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1

Monthly Income Details[/b]
Monthly income after tax................ 1055
Partners monthly income after tax....... 0
Benefits................................ 0 - Do you not qualify for any benefits?
Other income............................ 0
Total monthly income.................... 1055

Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 154 (Car payment)
Rent.................................... 317
Management charge (leasehold property).. 0
Council tax............................. 115 - Over 10 or 12 months? If over 10, changing to 12 will reduce it by almost £20pm.
Electricity............................. 80 - This seems high. Check U-Switch for a better deal.
Gas..................................... 80 - This seems high. Check U-Switch for a better deal.
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 33 - Go PAYG (about £10pm) ASAP.
TV Licence.............................. 10 - This should be £12-12.
Satellite/Cable TV...................... 70 - Ditch this and go Freeview/Freesat, ASAP.
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 5
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 29
Car maintenance (including MOT)......... 20
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 - Never?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 - You should have this.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30 - Can you reduce/dump this, at least temporarily?
Haircuts................................ 15 - Every month?
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0 - You need something in here (if only a tenner), to avoid going to more borrowing.
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1268


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 2500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 3697.....(154)......0 - Is this really 0%?
Total secured & HP debts...... 3697......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Poundstopockey.................562.9.....84.04.....174
Look Again.....................294.7.....0.........30.34
Simply Be......................355.2.....0.........34.11
Fashion World..................185.36....0.........30.34
Rent Arrears...................400.......50........0
Capital one....................1039......0.........52
Studio.........................39.75.....0.........48.9

Any chance you could raise enough cash to get a runabout, and return the car to the HP company?

For the small mileage you are doing, £154pm seems a lot to be paying, just to own the car.

[Deleted User]

Stuckinarut wrote: »

I only have £40 left to do me 3 weeks until i get paid and have nothing i can sell. How the hell do people manage

You would be amazed what people can (and do) manage on.

What do you have in the cupboards, fridge and freezer?

Use this up, before buying anything more.

Has your partner tried for a job in Security?

I know it's long hours, and unsociable shift patterns, but it's a job, and in a sector that is always looking for staff.

The pay may not be the greatest, but the long hours mean a decent (if hard won) take home pay.

Stuckinarut

I can't change my gas and elec suppliers due to owing them money. They were closed when i tried to phone them so will try again to get an update on what i owe.

I live in scotland so water is in my council tax, also as i work with the council i get the council tax deducted straight from my wages, this means that it comes out over 11 payments meaning I still get the 2 non payment months. This works best for me as means it is always paid. The last instalment is due off next months pay, and then it should reduce as it will be calculated with 2 adults over a full year.

I am in contract with my mobile phone until 2015 so can't change to PAYGO at the moment.

I have signed up for a few of the survey sights and my partner will do them when I am out at work. Unfortunately due to being an idiot a few years ago now he can't work in security, and is very restricted in what he can apply for this is where some of our problems are also.

Getting a run around would definitely help us it will just be the getting the money together that will cause the problems, not sure how to get round this one. I just feel that although we don't appear to use a lot of petrol we do use the car a lot and with the new baby coming and it being my first, I don't want to give it up if I can find an alternative. It's ok saying use public transport but where my mum lives it is rural so trains aren't regular etc. I moved to where I am to be closer to work but by doing this it means that my closest family member is 16 miles away so to get any support would prove more difficult.

ViolaLass

Might it be cheaper to get a taxi a couple of times a month to get to your mother's and then get rid of the car?

Stuckinarut

My mum stays nearly 30 miles away so no i don't think this would work.