Help with budgeting

fkelanne

afternoon all, I have woke up today and give myself a kick up the bum.. I waste far to money...I have sat down and worked out my incomings and out going. Incoming per month is £2305 out goings are £1456.. £132 and £88 of that is hire purchase. Items... I no I was silly a year ago and got sofa washer and fridge freezer from bright house. I am going to sent the items back now I have a job and can pay for second hand items instead.
I never have money left as I go out for tea buy kids things they don't need straight away...
I have been looking into setting an account up for just my bills then I no everything is paid and what I have left over to try and save.
Do you all think this will be a good idea or is there anythink I can do?
Thanks in advance. I need to get sorted not just for me but my kids. X

McKneff

What makes you think you can send things back to Brighthouse ??

McKneff

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


above is a statement of affairs calculator to help with budgeting.

asparagus1968

Hi,


I don't know anything about Brighthouse, but have a look on your local freecycle website before buying anything, you can also put "wanted" ads on it.


Fill out the calculator McKneff has left for you, paste it to here and go from from there.


Good luck

fkelanne

As I have rang them and they have told me I can...

fkelanne

McKneff wrote: »

What makes you think you can send things back to Brighthouse ??

I have rang them and they said if I no longer want the items I just return them.

fkelanne

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\f0\fs22 \cf0 \cb2 \expnd0\expndtw0\kerning0
\outl0\strokewidth0 \strokec3 Statement of Affairs and Personal Balance Sheet\
\
Household Information\
Number of adults in household........... 1\
Number of children in household......... 2\
Number of cars owned.................... 1\
\
Monthly Income Details\
Monthly income after tax................ 1000\
Partners monthly income after tax....... 0\
Benefits................................ 1305\
Other income............................ 0\
Total monthly income.................... 2305\
\
Monthly Expense Details\
Mortgage................................ 0\
Secured/HP loan repayments.............. 220\
Rent.................................... 308\
Management charge (leasehold property).. 0\
Council tax............................. 80\
Electricity............................. 50\
Gas..................................... 70\
Oil..................................... 0\
Water rates............................. 0\
Telephone (land line)................... 0\
Mobile phone............................ 50\
TV Licence.............................. 11\
Satellite/Cable TV...................... 0\
Internet Services....................... 35\
Groceries etc. ......................... 280\
Clothing................................ 0\
Petrol/diesel........................... 80\
Road tax................................ 0\
Car Insurance........................... 79\
Car maintenance (including MOT)......... 0\
Car parking............................. 0\
Other travel............................ 0\
Childcare/nursery....................... 0\
Other child related expenses............ 0\
Medical (prescriptions, dentist etc).... 0\
Pet insurance/vet bills................. 0\
Buildings insurance..................... 0\
Contents insurance...................... 7\
Life assurance ......................... 0\
Other insurance......................... 0\
Presents (birthday, christmas etc)...... 0\
Haircuts................................ 0\
Entertainment........................... 0\
Holiday................................. 0\
Emergency fund.......................... 0\
School dinners.......................... 25\
Total monthly expenses.................. 1295\
\
\
Assets\
Cash.................................... 0\
House value (Gross)..................... 0\
Shares and bonds........................ 0\
Car(s).................................. 0\
Other assets............................ 0\
Total Assets............................ 0\
\
\
Secured & HP Debts\
Description....................Debt......Monthly...APR\
Mortgage...................... 0........(0)........0\
Hire Purchase (HP) debt ...... 1500.....(132)......69.9<\
hp.............................2000.....(88).......69.9\
Total secured & HP debts...... 3500......-.........- \
\
Unsecured Debts\
Description....................Debt......Monthly...APR\
car............................3294......172.......59.9\
Total unsecured debts..........3294......172.......- \
\
\
Monthly Budget Summary\
Total monthly income.................... 2,305\
Expenses (including HP & secured debts). 1,295\
Available for debt repayments........... 1,010\
Monthly UNsecured debt repayments....... 172\
Amount left after debt repayments....... 838\
\
Personal Balance Sheet Summary\
Total assets (things you own)........... 0\
Total HP & Secured debt................. -3,500\
Total Unsecured debt.................... -3,294\
Net Assets.............................. -6,794\
\
Created using the SOA calculator at https://www.stoozing.com. \
Reproduced on Moneysavingexpert with permission, using other browser.}

DCFC79

When the mobile phone is up for renewal look at the sim only plans you can get to use with your current phone.

Yes set up a second account just for bills.

McKneff

Ignore what they 'Say' about returning items, look in your contract to see what is written down.


Sounds Mad to me that they would allow this, if you returned them they would then have to do something with these second hand items.....

DCFC79

McKneff wrote: »

Ignore what they 'Say' about returning items, look in your contract to see what is written down.


Sounds Mad to me that they would allow this, if you returned them they would then have to do something with these second hand items.....

Thats what I thought, muct be more to it than just hand them back.

Archi_Bald

DCFC79 wrote: »

Thats what I thought, muct be more to it than just hand them back.

They'll probably take the items back upon settlement of the outstanding HP sum, or some such terrible deal.....