Help needed

suzie82_2

hi

im have recommended to join this site so i can get advice on what i can do to cut down on my outgoing, i have tried to cut down as much as i can but my income is not too good compared to my outgoing. i know i have made mistakes and its my fault to get myself into this suituation. I have worked out my outgoing below.

Mortgage - £382 PM
Petrol - £180PM (due to travelling for my job)
Council Tax - £100.00 PM
Food - £200.00 PM
Gym membership - £20 PM
Credit cards - £290 PM
Loans - £220 PM
Other expenses - £60.00
Student Loan - £10.00
TV, broad - £28.51

Total outgoing - £1490.51
Income: £1180.00

Thanks

Divingmad

Hi Suzie,
I aint the best person to advise, but if you could post an SOA (statement of affairs) hopefully through the attached link, it'll help that know more to provide guidance.
As a note though, you have put that you spend £180 on petrol for work, is this reclaimable?


http://www.stoozing.com/calculator/soa.php


Regards


DM

marliepanda

Where are electricty and water on your little list? (the SOA is a good thing above, makes you pop in all those extras you easily forget about!)

The thing thats killing you really is the loan and CC repayments, apart from those you would manage ok

Food could be cut down a little perhaps, but everything else seems necessary. What is 'other expenses'

A DMP may be an option...

sourcrates

suzie82 wrote: »

hi

im have recommended to join this site so i can get advice on what i can do to cut down on my outgoing, i have tried to cut down as much as i can but my income is not too good compared to my outgoing. i know i have made mistakes and its my fault to get myself into this suituation. I have worked out my outgoing below.

Mortgage - £382 PM
Petrol - £180PM (due to travelling for my job)
Council Tax - £100.00 PM
Food - £200.00 PM
Gym membership - £20 PM
Credit cards - £290 PM
Loans - £220 PM
Other expenses - £60.00
Student Loan - £10.00
TV, broad - £28.51

Total outgoing - £1490.51
Income: £1180.00

Thanks

Well you already know you have more going out, than coming in, my suggestion is you stop paying your unsecured creditors straight away, organise that you can afford to pay towards your debts, then make those offers to your creditors, otherwise you are going to end up getting deeper and deeper in the doo doo, it needs to end now in my opinion, if you don't feel confident in doing this yourself, there are a number of charity debt organisations who will work out a debt management plan for you for free, don't go with any company that charges for this service no matter how convincing they may sound !!