Time to grow up and get on track... head out the sand ...

Olivia-Louise_2

Hi all back again with an even bigger debt than before

Last year was so up and down it was unreal between a baby with health issues and a OH who decided to see if the grass was greener without us the debt took a hit and thinks are bad! :(

Time to hit the debt be realistic with a budget allowing for hospital and special diet etc for baby, school expenses for the other two and some life other than sitting in these 4 walls!

I always start off well for a few weeks then fall off the wagon and end up worse than where I started!

Our family consists of Me, OH, nearly 6 year old nearly 4 year old and nearly 1 year old.

Olivia-Louise_2

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 508.77
Partners monthly income after tax....... 1040
Benefits................................ 206
Other income............................ 0
Total monthly income.................... 1754.77

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 99
Electricity............................. 40 Prepayment cant seem to get less
Gas..................................... 30Same as above :cool:
Oil..................................... 0
Water rates............................. 36 Not on a meter and with the amount of washing and baths in this house I'm glad!
Telephone (land line)................... 0
Mobile phone............................ 35 2 unlimited contracts use alot between hospital stays etc
TV Licence.............................. 13
Satellite/Cable TV...................... 50 We don't really need this although if I'm honest at 2 and 4am tube feeds I'm definitely grateful includes internet and phone
Internet Services....................... 0
Groceries etc. ......................... 250 High I know but includes nappies etc and also youngest is Dairy free, Soya free, Egg free and Gluten free so her food isn't easy to get cheaper
Clothing................................ 25 Not sure if this is used really :cool:
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100 At least 3 hospital visits a week
Childcare/nursery....................... 20 Includes snack/nursery fees etc for both the 3 and 5 year old
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25 2 x prepaid prescriptions plus glasses for one and one who seems to visit the dentist every month
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50 Again unsure :cool:
Haircuts................................ 0
Entertainment........................... 100 No idea what I should put here either
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1435


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Council Tax....................285.13....50........0
Family 1.......................1000......100.......0
Family 2 ......................800.......100.......0
JD Williams ...................124.7.....13........0
Friend ........................300.......50........0
Total unsecured debts..........2509.83...313.......-


Monthly Budget Summary
Total monthly income.................... 1,754.77
Expenses (including HP & secured debts). 1,435
Available for debt repayments........... 319.77
Monthly UNsecured debt repayments....... 313
Amount left after debt repayments....... 6.77

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,509.83
Net Assets.............................. -2,509.83

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

judi24

Good luck - shiny new diary!

Olivia-Louise_2

Shopping done for the week
Bills paid for the week
Hoping for no more spends this week!

Unsecured Debts
Description
Council Tax £285.13
Family 1 [STRIKE]£1000[/STRIKE] £925
Family 2 [STRIKE]£800[/STRIKE] £500
JD Williams £124.70
Friend £300
Total unsecured debts [STRIKE]£2509.83[/STRIKE] £2134.83

Olivia-Louise_2

Hello all hope all is well

Meal plan is done, shopping list for Monday sorted.
House work done just a bit of ironing left.

Think I need to change our routine a bit there doesn't seem enough time to sit for half hour anymore but then I don't want to fall behind with anything.

Spent no more money this week Bank looks so much better for none of the £10 loaf of bread or the extra £15 on magazines etc I've just totally avoided stepping foot in a shop :rotfl::rotfl:

Unsecured Debts
Description
Council Tax £285.13
Family 1 [STRIKE]£1000[/STRIKE] £925
Family 2 [STRIKE]£800[/STRIKE] £500 (I'm sure there's something missing here and I owe more :cool:)
JD Williams [STRIKE]£124.70[/STRIKE] Sent back what was ordered.
Friend £300
Total unsecured debts [STRIKE]£2509.83[/STRIKE] £2010.13

Olivia-Louise_2

Back to doing surveys, last year it really helped by providing enough income to cover ALL the expenses of the baby things, nappies household stuff and birthdays for the full year! However when it got to November I spent it on Xmas and didnt bother doing anymore So I must get started again.

jwil

Good luck

I find the surveys so tedious but they do help with the extras like that.

Well done on avoiding the shops, it makes a huge difference when I stay away from them too!

3wisemonks

Im with you on the surveys I'm trying to get back into them one at a time. Ive started with swagbucks again which ones are you trying.

Your little ones diet sounds very difficult have you tried pinterest? There seems to be quite a few free from recipes on there.

You sound like you are doing really well so far, good luck!

WM

Olivia-Louise_2

£12.50 Amazon cashed out
£10 Cash

Also received an unexpected cheque in the post for £170 this morning

5 things listed on eBay only small things but it all adds up

Still avoiding shops, next weeks meal plan is done and Mondays shopping list nearly done