SOA putting it all down on paper has frightened me even more

26SCARLET56

Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1214
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1214
Monthly Expense Details
Mortgage................................ 400
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 20
Council tax............................. 96
Electricity............................. 73
Gas..................................... 0
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 15
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 26
Internet Services....................... 0
Groceries etc. ......................... 110
Clothing................................ 0
Petrol/diesel........................... 130
Road tax................................ 35
Car Insurance........................... 12
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 11
Pet insurance/vet bills................. 0
Buildings insurance..................... 35
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 11
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 25
Total monthly expenses.................. 1111

Assets
Cash.................................... 0
House value (Gross)..................... 185000
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 186000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 114000...(400)......0
Total secured & HP debts...... 114000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................13869.....417.......0
barclays.......................2500......125.......0
barclays.......................19000.....259.......0
Next...........................2502......126.......0
Nationwide.....................3099......200.......0
M&S............................3000......90........0
M&S............................18128.....302.......0
Total unsecured debts..........62098.....1519......-

Monthly Budget Summary
Total monthly income.................... 1,214
Expenses (including HP & secured debts). 1,111
Available for debt repayments........... 103
Monthly UNsecured debt repayments....... 1,519
Amount short for making debt repayments. -1,416
Personal Balance Sheet Summary
Total assets (things you own)........... 186,000
Total HP & Secured debt................. -114,000
Total Unsecured debt.................... -62,098
Net Assets.............................. 9,902

mum2one

26SCARLET56 wrote: »

Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1214
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1214
Monthly Expense Details
Mortgage................................ 400
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 20
Council tax............................. 96 - could you look at paying this over 12 months
Electricity............................. 73 - may be worth shopping around to see if you can get price fixed, lower quote
Gas..................................... 0
Oil..................................... 0
Water rates............................. 50 - would you be better with a water meter?
Telephone (land line)................... 15
Mobile phone............................ 35 - thats high - could you look at sim only or pay and go - in theory £15 is a luxury amount
TV Licence.............................. 12
Satellite/Cable TV...................... 26 - with debt this is a luxury
Internet Services....................... 0
Groceries etc. ......................... 110
Clothing................................ 0
Petrol/diesel........................... 130
Road tax................................ 35
Car Insurance........................... 12
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 11
Pet insurance/vet bills................. 0
Buildings insurance..................... 35 - does this have contents included - def shop around at renewal
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 - you dont have anythig here?
Haircuts................................ 11
Entertainment........................... 0 - as above
Holiday................................. 0
Emergency fund.......................... 25
Total monthly expenses.................. 1111

Assets
Cash.................................... 0
House value (Gross)..................... 185000
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 186000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 114000...(400)......0
Total secured & HP debts...... 114000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................13869.....417.......0
barclays.......................2500......125.......0
barclays.......................19000.....259.......0
Next...........................2502......126.......0
Nationwide.....................3099......200.......0
M&S............................3000......90........0
M&S............................18128.....302.......0
Total unsecured debts..........62098.....1519......-

Monthly Budget Summary
Total monthly income.................... 1,214
Expenses (including HP & secured debts). 1,111
Available for debt repayments........... 103
Monthly UNsecured debt repayments....... 1,519
Amount short for making debt repayments. -1,416
Personal Balance Sheet Summary
Total assets (things you own)........... 186,000
Total HP & Secured debt................. -114,000
Total Unsecured debt.................... -62,098
Net Assets.............................. 9,902

Is there a reason as to why so much debt, - with the shortage you have I think you really need to get some professional advice,I would suggest contacting stepchange - if it was a case of £100 short then cuts could do it, but you need double the wages your on,

19lottie82

hi OP, try to stick to your original thread

https://forums.moneysavingexpert.com/discussion/4896621

creating duplicate threads just confuses people.