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Please tell me i'm not a lost cause
12_month_challenge
Posts: 2,419 Forumite
Deleted
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SP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
PDBX 2017 #2 = £1,200/£12,000
''If you want the rainbow, you gotta put up with the rain''
PDBX 2017 #2 = £1,200/£12,000
''If you want the rainbow, you gotta put up with the rain''
0
Comments
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((((Hug))))
Yeah be taken a big & brave step writing this, well done. Can you do a SOA? Tell us a bit about yourself0 -
Sorry to be naive but what is a SOA pleaseSP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
PDBX 2017 #2 = £1,200/£12,000
''If you want the rainbow, you gotta put up with the rain''0 -
Hi 12 month challenge!
A statement of affairs is a list of all your expenditure. Please fill it out here: http://www.stoozing.com/calculator/soa.php and paste the results here. The generous people of MSE will (hopefully) give some pointers soon!0 -
..............................SP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
PDBX 2017 #2 = £1,200/£12,000
''If you want the rainbow, you gotta put up with the rain''0 -
12_month_challenge wrote: »Household Information[/b]
Number of adults in household........... 4
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1650
Partners monthly income after tax....... 1240
Benefits................................ 0
Other income............................ 200 housekeeping from kids both on low incomes
Total monthly income.................... 3090
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 489
Management charge (leasehold property).. 0
Council tax............................. 117
Electricity............................. 60 key meter
Gas..................................... 60 key meter
Oil..................................... 0
Water rates............................. 0 included in rent
Telephone (land line)................... 0
Mobile phone............................ 41 one on sim only one still contract
TV Licence.............................. 20
Satellite/Cable TV...................... 70 includes tv internet and phone
Internet Services....................... 0
Groceries etc. ......................... 400 cut back recently found a cheaper shop
Clothing................................ 30 every month?
Petrol/diesel........................... 70
Road tax................................ 15
Car Insurance........................... 25
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25Is this actually saved somewhere?
Haircuts................................ 0 never?
Entertainment........................... 0 nothing? not even the odd takeaway or day trip?
Holiday................................. 30 Is this actually saved somewhere?
Emergency fund.......................... 25 Is this actually saved somewhere?
Total monthly expenses.................. 1537
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................10123.....300.......19
Barclaycard....................3586......100.......18.9
Barclaycard....................1874......50........18.9
Halifax CC ....................900.......28........18
Loan...........................4850......150.......10
Loan...........................9700......313.......23.9
Barclaycard....................4666......150.......18.9
MBNA...........................5524......70........19
Total unsecured debts..........41223.....1161......-
Monthly Budget Summary
Total monthly income.................... 3,090
Expenses (including HP & secured debts). 1,537
Available for debt repayments........... 1,553
Monthly UNsecured debt repayments....... 1,161
Amount left after debt repayments....... 392
Personal Balance Sheet Summary
Total assets (things you own)........... 900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -41,223
Net Assets.............................. -40,323
comments in red0 -
Have you really thought about what the kids are contributing? According to that they are only just paying for the food they eat and nothing else, which I am sure adding to the electricity and gas bills too.
Can you cancel (or threaten to!) the TV portion of your tv/internet/phone subscription?But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
12_month_challenge wrote: »Household Information[/b]
Number of adults in household........... 4
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1650
Partners monthly income after tax....... 1240
Benefits................................ 0
Other income............................ 200 housekeeping from kids both on low incomes
Total monthly income.................... 3090
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 489
Management charge (leasehold property).. 0
Council tax............................. 117 could u spread it over 12 months
Electricity............................. 60 key meter
Gas..................................... 60 key meter
Oil..................................... 0
Water rates............................. 0 included in rent
Telephone (land line)................... 0
Mobile phone............................ 41 one on sim only one still contract
TV Licence.............................. 20
Satellite/Cable TV...................... 70 includes tv internet and phone
Internet Services....................... 0
Groceries etc. ......................... 400 cut back recently found a cheaper shop
Clothing................................ 30
Petrol/diesel........................... 70
Road tax................................ 15
Car Insurance........................... 25
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0 should have contents ins
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25
Haircuts................................ 0 - nothing at all
Entertainment........................... 0 - not at all
Holiday................................. 30
Emergency fund.......................... 25
Total monthly expenses.................. 1537
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................10123.....300.......19
Barclaycard....................3586......100.......18.9
Barclaycard....................1874......50........18.9
Halifax CC ....................900.......28........18
Loan...........................4850......150.......10
Loan...........................9700......313.......23.9
Barclaycard....................4666......150.......18.9
MBNA...........................5524......70........19
Total unsecured debts..........41223.....1161......-
Monthly Budget Summary
Total monthly income.................... 3,090
Expenses (including HP & secured debts). 1,537
Available for debt repayments........... 1,553
Monthly UNsecured debt repayments....... 1,161
Amount left after debt repayments....... 392
Personal Balance Sheet Summary
Total assets (things you own)........... 900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -41,223
Net Assets.............................. -40,323
What I would ask is do you actually have nearly 400 quid at the end of the month, I would look at keeping a spending diary and seeing what you do have at end of month and any spare start by chucking it to the debt with the highest apr rate xxxx rip dad... we had our ups and downs but we’re always be family xx0 -
Our savings pot is sometimes dipped into for extra gas etc:(
Originally Posted by 12 month challenge View Post
Household Information[/b]
Number of adults in household........... 4
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1650
Partners monthly income after tax....... 1240
Benefits................................ 0
Other income............................ 200 housekeeping from kids both on low incomes
Total monthly income.................... 3090
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 489
Management charge (leasehold property).. 0
Council tax............................. 117
Electricity............................. 60 key meter
Gas..................................... 60 key meter
Oil..................................... 0
Water rates............................. 0 included in rent
Telephone (land line)................... 0
Mobile phone............................ 41 one on sim only one still contract
TV Licence.............................. 20
Satellite/Cable TV...................... 70 includes tv internet and phone
Internet Services....................... 0
Groceries etc. ......................... 400 cut back recently found a cheaper shop
Clothing................................ 30 every month? usually need work wear ie: track bottoms for hubby, cheap t.shirts as he ruins them in a manual job, tights for myself
Petrol/diesel........................... 70
Road tax................................ 15
Car Insurance........................... 25
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25Is this actually saved somewhere? put into a svings pot
Haircuts................................ 0 never? daughters a hairdresser
Entertainment........................... 0 nothing? not even the odd takeaway or day trip? sorry approx 20 a week
Holiday................................. 30 Is this actually saved somewhere? savings pot
Emergency fund.......................... 25 Is this actually saved somewhere? savings pot
Total monthly expenses.................. 1537
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
Barclaycard....................10123.....300...... .19
Barclaycard....................3586......100...... .18.9
Barclaycard....................1874......50....... .18.9
Halifax CC ....................900.......28........18
Loan...........................4850......150...... .10
Loan...........................9700......313...... .23.9
Barclaycard....................4666......150...... .18.9
MBNA...........................5524......70....... .19
Total unsecured debts..........41223.....1161......-
Monthly Budget Summary
Total monthly income.................... 3,090
Expenses (including HP & secured debts). 1,537
Available for debt repayments........... 1,553
Monthly UNsecured debt repayments....... 1,161
Amount left after debt repayments....... 392
Personal Balance Sheet Summary
Total assets (things you own)........... 900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -41,223
Net Assets.............................. -40,323SP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
PDBX 2017 #2 = £1,200/£12,000
''If you want the rainbow, you gotta put up with the rain''0 -
It's absolutely doable and you are not a lost cause, you've found your way here so now you are on your journey
Which cards are you moving to low life of balance? I noticed you have a couple of smaller ones which might make good early targets so that you get a taste of victory. That £900 Halifax could be first against the wall
Rosa xxDebt free May 2016... DFW#2 in progress
Campervan paid off summer '21... MFW progress tbc0 -
Thankyou so much for taking the time to read.
it seems so daunting thinking we will never do this
I have just recently reduced out tv etc by threatening to leave. Also both kids are on low incomes and help a bit more when they can.
fingers crossedSP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
PDBX 2017 #2 = £1,200/£12,000
''If you want the rainbow, you gotta put up with the rain''0
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