Should i get a wonga loan

crucian

summer33 wrote: »

Thanks for that, i might consider that. At the minute my hubbie gets paid weekly and child benefit weekly, and I am monthly, and just dont know what it is, but I cannot seem to work out what to pay what and when. I feel like I am going thru a bit of a crisis, as just cannot get it together like I use to.

You know normally I am like oh its ok something will turn up, but at the moment I am just sick of pinching of peter to pay paul ( think thats the saying )

Friends of mine have been in considerable debt and with CAP are on the way to being out of debt, it does work.There is always someone to speak to if you need to.

summer33

kindofagilr wrote: »

She would still be in nursery (preschool) for 2.5 days though so still with kids xx

Hugs Hun, your doing great

Thanks much apreciate the help.

summer33

crucian wrote: »

Friends of mine have been in considerable debt and with CAP are on the way to being out of debt, it does work.There is always someone to speak to if you need to.

Thanks..think will have a look.

[Deleted User]

summer33 wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 867
Partners monthly income after tax....... 1256
Benefits................................ 188.4
Other income............................ 0
Total monthly income.................... 2311.4

Monthly Expense Details
Mortgage................................ 536
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 240 - What will this be on a normal month?
Electricity............................. 80 - What will this be on a normal month?
Gas..................................... 80 - What will this be on a normal month?
Oil..................................... 0
Water rates............................. 64.25 - What will this be on a normal month?
Telephone (land line)................... 15.99 - This and the mobiles are costing you £51pm (£612pa). Could you get rid of this and use the mobiles instead?
Mobile phone............................ 35 - How many phones?
TV Licence.............................. 36.97 - This is 3 times the normal amount :huh: Are you just starting a payment scheme?
Satellite/Cable TV...................... 35.99 - You can't afford this,. Cancel ASAP.
Internet Services....................... 0
Groceries etc. ......................... 400 - You could probably knock at least £50 off this.
Clothing................................ 0
Petrol/diesel........................... 120
Road tax................................ 0 - Nothing :huh:
Car Insurance........................... 56.97 - This is high (£683pa). Check comparison sites.
Car maintenance (including MOT)......... 0 - Nothing :huh:
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 480
Other child related expenses............ 64
Medical (prescriptions, dentist etc).... 0 - Never?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0 - As a home owner, you need this.
Contents insurance...................... 0 - You need this. Cost about £10.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 - 3 children and nothing on presents :huh:
Haircuts................................ 18
Entertainment........................... 50 - Halve this.
Holiday................................. 0
Emergency fund.......................... 0 - You need something in here.
School Trip Debt........................ 50
Total monthly expenses.................. 2363.17


Assets
Cash.................................... 0
House value (Gross)..................... 1300000
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1301500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 1223538..(536)......4.65
Total secured & HP debts...... 1223538...-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Ruthbridge.....................224.17....2.........0
Link Financial.................2339......2.........0
Barclaycard....................388.06....2.........0
Credit Security................606.3.....10........0
Wescot.........................976.97....25........0
Shoosmiths.....................1664......10........0
Capital One....................742.61....2.........0
Wescot.........................6779......5.........0
Lowell.........................1749......2.........0
Total unsecured debts..........15469.11..60........-


Monthly Budget Summary
Total monthly income.................... 2,311.4
Expenses (including HP & secured debts). 2,363.17
Available for debt repayments........... -51.77
Monthly UNsecured debt repayments....... 60
Amount short for making debt repayments. -111.77

Personal Balance Sheet Summary
Total assets (things you own)........... 1,301,500
Total HP & Secured debt................. -1,223,538
Total Unsecured debt.................... -15,469.11
Net Assets.............................. 62,492.89

Getting rid of the land-line and the pay TV, halving the Entertainment, and knocking £50 off the Groceries, will get you in the black, just.

Trouble is, you really do need the buildings insurance (isn't it obligatory for the mortgage?), the contents insurance, and the Emergency Fund.

Also, I suspect, some of the blank categories aren't really zero spends.

Money_maker

I wish you luck, summer, as I can see you are really on the edge of a very nasty pit. It's a horrible place to be but you can pull yourself out if you act immediately.

As Bob said, some categories may have spends you haven't even considered. Can't recommend enough getting a notebook and recording every penny you part with. Without this, money often slips away unnoticed.

summer33

Bedsit_Bob wrote: »

Getting rid of the land-line and the pay TV, halving the Entertainment, and knocking £50 off the Groceries, will get you in the black, just.

Trouble is, you really do need the buildings insurance (isn't it obligatory for the mortgage?), the contents insurance, and the Emergency Fund.

Also, I suspect, some of the blank categories aren't really zero spends.

Thanks Bob.

The council tax will be £119.00 after I clear the £458 for last years.
Water will be approx £44.00, currently owe £180 for last years.
Just realised I dont pay £15.99 for landline, the tv, internet, phoneline is £35.99 for all 3. The mobile is contract for both our phones and we use this for calls unless freephone then we use landline.

Elec & gas are not in arrears as prepayment meter.

New payment plan for tv licence.

Deffo going to cut down on food spend.

[Deleted User]

summer33 wrote: »

The council tax will be £119.00 after I clear the £458 for last years.
Water will be approx £44.00, currently owe £180 for last years.

Well, that's a reduction of £168-25.

When will the arrears be cleared?

The mobile is contract for both our phones and we use this for calls unless freephone then we use landline.

So. basically, you are running a land-line phone, just to make the odd Freephone call?

New payment plan for tv licence.

How long before TV Licence goes to £12-12pm?

Have you considered abandoning live TV completely, and cancelling the TV Licence?

summer33

Bedsit_Bob wrote: »

Well, that's a reduction of £168-25.

When will the arrears be cleared?



So. basically, you are running a land-line phone, just to make the odd Freephone call?



How long before TV Licence goes to £12-12pm?

Have you considered abandoning live TV completely, and cancelling the TV Licence?

I have 4 monthly payments for the council tax, but was going to try and pay more if I can, as this years will be starting next month.

Water will be longer if I stick to the £30 a month.

Tv Licence reduces in May.

The landline is included in the £35.99 and that is reduction price, as was disconneting, but they offered me a reduction! To just have phone and internet would be more.

I would do without live tv, but dont think the kids would..... is that a way of not having to pay tv licence?

[Deleted User]

summer33 wrote: »

is that a way of not having to pay tv licence?

It is.

You can watch "Catchup", Youtube, DVDs/Blurays, etc., provided you don't watch/record anything as it is being broadcast.

I've been Legally Licence Free for over 4 years now.

My signature shows how much I have saved, by being so.

summer33

Bedsit_Bob wrote: »

It is.

You can watch "Catchup", Youtube, DVDs/Blurays, etc., provided you don't watch/record anything as it is being broadcast.

I've been Legally Licence Free for over 4 years now.

My signature shows how much I have saved, by being so.

Dont you miss ordinary TV? I didnt know that though...certainly worth knowing though. Think the kids would be the problem and maybe hubbie.......I hardly ever watch the tv.