Tooties SOA please help!!!!!

sammiboo

sounds like you are well on your way Well done! :T

As mentioned before getting your way to being debt free can be addictive. Its hard work but definateLy worth it

liz105

Am I right in thinking that the bank has consolidated 3 0% debts to a 10.9% loan??????????

How on EARTH have they got away with this?

If you cut your food drinks and fags down from £800 to £200 (which is what a lot of families of 4 are on) that £600 a month plus your new loan at £165 is £765 a month, so your debts could be gone in 6 months?!?!???

tooties

yeah thats what they did
my 0% overdraft was due to end this week hence moving it to the 10.9% loan i shoved the cash for the 2 credits cards that are 0% into an isa until my 0% period ends and will continue to pay the minimum and also pay any extra money that i come across between now and the 0% period ending.

thanks again tootsie

Tootsie_Roll

tooties wrote: »

thanks again tootsie

Hey - no problem.

tooties

Hi everyone thought i would update
well i have made some changes to original soa.
i have been off sick since july and an now on half pay so dropped around £600 a month in income,
however little cherubs are now paying £120 a month board into the kitty.
my electricity has dropped £20 per month with new supplier.
although i have shaved a whopping £2484.53 off my debts since i joined in july i feel i could be doing a lot lot better than i am.
the problem is we can comfortable afford out debt repayment and still have a decent lifestyle, smoking (both of us) drinking (oh) and eating out regularly (all of us) buying the odd thing that we fancy (but really dont need).
Don't get me wrong im not moaning (honest im not) and i know im in the enviable position of being able to do this its just that i feel 2.5k i have paid could so easily have been more if only i could have been bothered to put some effort in and cut back even just a little bit.
the bonus is i have done 99% of my crimbo shopping and i have savings untouched with ING so im off to do a new SOA and hang my head in shame
tooties

Lucy1982_2

Hi Tooties

I feel the same, i can afford my debt, which can make paying it off really hard. especially when you are left with expendable income!

I sometimes feel like I need a kick up the bottom!

tooties

ok here we go again my new and hopefully improved SOA as of 19/11/07.

Income

Salary Me £625.00
Salary OH £1100.00
Child Benefit £72.40
Board Money from sons £120.00


Outgoings

TV License £11.37
Union Fees £15.04
Ing Savings account (for xmas) £50.00
Electricity £35.00
BT averages £15.00-£20.00
Pension £25.36
AOL £17.48
Life insurance £6.45
Car payments £200.00 at 11.3%APR 40 payments to go
new loan £167.59 APR 10.9% 32 months to go
heating £40.00 (kerosene tank but i aint been saving this recently)
mobiles £20.00 (both PAYG)
Eats drinks and smokes £500.00 (need to lower this i think)
petrol £320.00 (big thirsty car)
MOT ETC £30.00 (but i aint been saving this)
birthdays etc £40.00
car insurance£39.00 (but i aint been saving this)
Clothing for us all £15.00 (definately been spending this and a lot more)
irish lottery £8.00

not done the sums yet but i know i have been spending like mad. its a good job i have done the crimbo shopping thank goodness OH had overtime, sadly though he wont get any more now till next summer.

i have £262.32 in savings which i will put towards the c/c as the 0% period has just come to an end.
and i have £450.00 in the ING account which will also go towards the C/C and the £101.00 i found in my change jar so in effect thats a potential £813.32 i could pay off my card by the end of this month.

we have nothing decent left to ebay but i really am determined to start and keep up with the spending diary.

Lucy1982_2

I agree that the eat, drinks and smokes needs to come down a little even a £50 - £100 would make so much of a difference.

You must have something to Ebay... Apparently people will buy anything! But I think like you I need to get my spending under control.

That'll be a good payment off you credit card though... Just think if you cut £100 of your spends then you could have that paid off my Christmas

tooties

Yeah i know and thats what im going to aim for

"I will keep a spending diary"
"I will keep a spending diary"
"I will keep a spending diary"

Lucy1982_2

See I say that and I never manage it! I really need to concentrate on this one.