Can afford to save on paper, not in reality

dcouponzzzz

Once again, apologies for this being a very old thread, but I'm still using this to diarise my financial situation and provide an update to anyone who might be interested (which I expect is no-one!)

After starting my new job in September last year with a 9k pay rise from the previous, it seems I proved I was worth more as this month a further 6k pay rise will be included in my wages This has essentially doubled my income in the past 3 years.

As of last month, I had no outstanding credit despite a trip to Abu Dhabi and Rhodes in the past two months. I have also transferred my sister's equity in the house to myself and am now the sole owner.

It may have been a less than desirable financial decision, however I did purchase a 1 year old car this month using a first direct bank loan. I should probably regret this, but I don't Although I don't have an emergency fund, I will now be in a position to create one despite this loan.

I've also just celebrated my 1 year anniversary with my OH, who is independent and driven (despite having a slight holiday addiction!) and splits any activity we share 50/50.

It's so rewarding seeing my hard work and perseverance pay off, after 5 full years of sacrificing my spare time and rubbing pennies together just to get by. Hopefully if anyone reading this is still in that position this can show it's not impossible to get out of it!

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 2400 (fluctuates between 2300-2500 based on overtimes and on-call allowance)
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2400

Monthly Expense Details
Mortgage................................ 474
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 85 (single living allowance)
Electricity............................. 30
Gas..................................... 30 (electricity and gas usage amounts to 30-35 per month total, overpaying in case of surprises)
Oil..................................... 0
Water rates............................. 28.86
Telephone (land line)................... 0 (included in internet services)
Mobile phone............................ 36.77 (I can't kick the habit of having the newest phone...)
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0 (I only stream)
Internet Services....................... 23.99
Groceries etc. ......................... 198.96 (this includes any food bought outside of groceries... yes, I'm overweight!)
Clothing................................ 105.31 (I've been on a few holidays and replaced a lot of work clothing, I generally don't buy because I want, more that I need)
Petrol/diesel........................... 35
Road tax................................ 10.09
Car Insurance........................... 0 (paid in full)
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 42 (£3 per day for train to work)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 83.18 (optical bills included in 6 month average)
Pet insurance/vet bills................. 16.45
Buildings insurance..................... 0 (paid in full)
Contents insurance...................... 0 (paid in full)
Life assurance ......................... 0 (work benefit)
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 150
Holiday................................. 0 (paid in full)
Emergency fund.......................... 0
Window Cleaner.......................... 7
Total monthly expenses.................. 1446.73


Assets
Cash.................................... 0
House value (Gross)..................... 155000
Shares and bonds........................ 0
Car(s).................................. 16950
Other assets............................ 0
Total Assets............................ 171950


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 130000...(474)......2.97
Total secured & HP debts...... 130000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Bank Loan (Car)................16700.....302.......3.3
Total unsecured debts..........16700.....302.......-


Monthly Budget Summary
Total monthly income.................... 2,400
Expenses (including HP & secured debts). 1,446.73
Available for debt repayments........... 953.27
Monthly UNsecured debt repayments....... 302
Amount left after debt repayments....... 651.27

Personal Balance Sheet Summary
Total assets (things you own)........... 171,950
Total HP & Secured debt................. -130,000
Total Unsecured debt.................... -16,700
Net Assets.............................. 25,250

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

dcouponzzzz

Kernel_Sanders wrote: »

That would be an appetite for food, right? (just wondering why she might have left )
Couldn't you cycle to Lime Street? For those wondering, Earlestown Station is in Newton-le-Willows (in fact it appears to be the town centre station!). You could still utilise a folding bike by parking somewhere safer as well as free, e.g. an out-of town supermarket.

My ex did have a higher sexual appetite than me, but I left her you don't think everyone has to have the exact same level of sex drive do you?!