dfw - help and advice needed

misspoppy

are you really saying you spend £7.50 pw on food just over £1 per day? this is worrying

rayday2

The total outgoings are approx £1000 so I think there is more than £30 food a month (hopefully!) and a lot more investigating as to where the rest goes especially if you sometimes do part time work too!

RAS

Fiddled with your SOA so you can see the set up

kez27 wrote: »

.

Income

£1250 every 4 weeks - sometimes a extra £50 on top

Living expenses

Mortgage £500
Council tax £86
Telephone £25
Electricity £40 pm - (got to pay £134 this month tho)
den plan £10
tv licence £27 (this is normally £11???)
contact lenses £10
Food £ 30
mu insurance £18.38

£746.28

secured loan value? APR? early redemption penalty? from September
ctax 2006 - 118.40 to be cleared by September
debts are: catalogue 1 - £43
catalogue 2 - £332
Credit Card - £989 (although sitting at £1250 just now, card was used fraudulently so still waiting on money back) 17.9%
Provident - £520
Abbey - £545 (although £260 is o/d / rest is bank charges)

debts per month are
secured loan £168 from September
ctax 2006 - 118.40 to be cleared by September
provident £20
Abbey £20
cat 1 £20
cat 2 £30
Credit card £50 this month/ then £150 - 200

Also this month owe my parents £100

Current payback - £338.4 rising to £388 in September

So your income minus expenditure is 1250 - £1134, leaving £116 unaccounted for.

This is tight, as there is nothing for gas, holidays, clothes, pressies, travel for work or pleasure.

Can you start keeping a spending diary?

kez27

hi every1, thanks for the advice. I will try my best to do a spend diary and refiddle things also trying to get more shifts in pub but is hard as cant do every weeks due to the fact 1 work shifts.

ras thanks for fiddling with my soa. will keep you all updated on how am doing done a few hours o/t this month so should get a bigger wage next month to try and clear more of the debt.

RAS

thanks

Couple of quick thoughts

have you claimed single person tax rebate?

How many bedrooms do you have? A lodger would make a big difference even for 6 months and you do not have to pay any tax, so £40 a week is like earning £60 extra, plus you get to share the utility bills?

kez27

Hi Ras, yeah I have single person rebate. I have 2 bedrooms, would never take a lodger again am afraid took a lodger in this time last year , someone from work and to cut a long story short had to get my work to remove him after a week. He was a real sleaze and after a few incidents and other things just couldn't do it again unless i knew the person.

i have signed up for the surveys that pay and i am gonna sell some of my books on ebay as I HAVE OVER 1000

TryingHard_2

I would like to say a HUGH THANK YOU to you all and particularly to RAS for the link to the snowball calculator. I have been browsing this site for a while and heard about "snowballing" (but didn't really know what it meant). I used the calculator and when it brought up my plan, I just burst into tears - my debts are more "do-able" than I imagined. My black cloud has started to lift, right here, right now - so here I go. What a brilliant website and how knowledgeable you all are. THANK YOU SO MUCH.