Embarrassed...

EmilyTee

Well after starting off stonkingly well... I've spiralled out of control and i'm worse off than I was I feel soo embarrassed.

Emotionally a few things happend and I just went off the rails, buying things to make me feel better and going out to avoid sitting at home.... thinking

I'm now 2 weeks before payday and I have a -£6 bank balance with £377.67 to find to pay the rest of my monthly committments

I'm so sorry! i feel like i've let you guys down as well as myself...your'e all doing so well...

I need to sort this, i'm so close to having all my defaults wiped after loosing my job I really don't want to get anymore

Give me a second and I will post the sad state of affairs.

dimestorediamond

It happens, Emily, its not the end of the world! Can you return anything to try and recoup some money?

EmilyTee

Thanks CRT86, i don't think so i've been reading the ebay thread and i'm making a list of things that I can put on there..

I really have slid i've gone to £14k to £17k... some of it was to fix a lot of problems with my car (£1800) but I couldn't tell you where the rest went

asparagus1968

hey, you haven't let anyone down, you have had a dip.
Now, you have admitted it, so you are in a good position to get yourself a cuppa, and make plans for the next step.
no-ones perfect!

asparagus1968

EmilyTee wrote: »

Thanks CRT86, i don't think so i've been reading the ebay thread and i'm making a list of things that I can put on there..

I really have slid i've gone to £14k to £17k... some of it was to fix a lot of problems with my car (£1800) but I couldn't tell you where the rest went

spending diary time then


eb*y / cash conv*rt*rs, /facebook selling ?


storecupboard challenge


up your income board may be useful


have you a SOA in place?


good luck:)

EmilyTee

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 2091
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2091

Monthly Expense Details
Mortgage................................ 363.3
Secured/HP loan repayments.............. 294.40000000000003
Rent.................................... 5
Management charge (leasehold property).. 95
Council tax............................. 75
Electricity............................. 66
Mobile phone............................ 31.12
TV Licence.............................. 12.18
Sky (Tv/phone/BBand)...................... 44.7
Groceries etc. ......................... 100
Petrol/diesel........................... 30
Road tax................................ 15
Car Insurance........................... 28.26
Car maintenance (including MOT)......... 20
Buildings insurance..................... 30
Contents insurance...................... 7.84
Other insurance......................... 8.18
Presents (birthday, christmas etc)...... 30
Entertainment........................... 69 (locked into a gym sub)
Emergency fund.......................... 10
Total monthly expenses.................. 1634.28

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 4000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 72229....(363.3)....4.5
Secured Debt.................. 9917.....(294.4)....4.5
Total secured & HP debts...... 82146.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Cahoot.........................2450......50........0
Capital One....................146.......5.........0
Aqua Card......................904.......33........0
Norton.........................3000......89.49.....4.5
P2P............................1030......201.4.....0
Sunny..........................629.......125.8.....0
Windows........................360.......50........0
Total unsecured debts..........8519......554.69....-

Monthly Budget Summary
Total monthly income.................... 2,091
Expenses (including HP & secured debts). 1,634.28
Available for debt repayments........... 456.72
Monthly UNsecured debt repayments....... 554.69
Amount short for making debt repayments. -97.97
Personal Balance Sheet Summary
Total assets (things you own)........... 4,000
Total HP & Secured debt................. -82,146
Total Unsecured debt.................... -8,519
Net Assets.............................. -86,665
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

RuthnJasper

Please don't beat yourself up sweetie. I know exactly how you feel. Admitting that you've had a slip is one of the hardest things to do; and you've had the courage to do that.

If we never made mistakes, we'd be deities and not humans.

You'll get there. xx

dimestorediamond

Emily, can you claim Working Tax Credits? And are you claiming your 25% single occupier discount on council tax?

What is the £5 rent? Also, I think Sky needs to go - it accounts for apapproximately half your monthly shortfall!

hollibobs_2

You have let no one down

You have done a great thing posting here and you know everyone will chip in to help you along the way.

Your SOA.. £5 rent? Is this correct?

EmilyTee

hey thank you your making me well up!

yes i own a leasehold so the £5 goes toward the ground rent for the year.

I rung Sky i'm locked in for the next 6 months so i've put in the diary when the contract runs out I need the broadband for Uni though so I reckon I will only be able to cut the £44 in half.. but at least i will have found £20. i've got my single person discount and I can't get working tax credits.

so the plan of action tonight is:

1) hit up ebay
2) take a read of the up your income board
3) take stock of the food cupboards
4) cancel all social events not already paid in full for

Longer term

1) start charging my phone at work
2) pack lunches
3) take metre readings and see if I can lower my leccy spend
4) get into the habit of switiching my data off on my mobile when at work as i always go over by the looks
5) send in a complaint regarding the two charges a month appearing on my bill for calls to myself!
6) make use of the free O2 coffee on a friday rather than buy

themull1

When can you cancel the Gym Membership?