Soundgirlrocks DFW Diary

Soundgirlrocks

Ok so Ive not exactly a light bulb moment, & I know where the money has been spent, and a lot was planed expenditure so I'm not freaking out about where it has gone/ what have I got to show for it, but I want to clear the debt so I can move on the the next faze in my life. I realise I'm in a better position that a lot on here so I have no intention of feeling sorry for myself.

Just to clear up any confusion all loans are 0% except the personal loan which is fixed and has 2 years left. Vet fees loan is to my parents - the dog had an expensive argument with a car, insurance only covered part of the bill. The rest has been spent doing up my flat (new electrics, bathroom, kitchen, refurbished windows, new boiler & redecorating and) and it has gone up in value significantly since it was purchased. Entertainment & Groceries are an over estimate but being single and socialising in London is expensive.

My plan it to reduce my expenditure each month and put the surplus at the end of the month into a savings account until I have £3k in there (I'm expecting a small insurance payment which will help me get to that sooner) and then over pay on the debts

SOA

Household Information
Number of adults in household 1 (& 1 Lodger)
Number of children in household
Number of cars owned 1
Income, Expense, Debt & Asset Details

Income
Monthly income after tax £2,000.00
Other income £350.00
Total monthly income £2,350.00

Expenses Amount(£)
Mortgage £541.00
Secured/HP loan payments £32.31
Management charge (leasehold property) £135.00
Council tax £109.00
Electricity £22.50
Gas £22.50
Water Rates £31.72
Telephone (land line) £35.13
TV Licence £12.12
Satellite/Cable TV £11.00
Groceries etc. £200.00
Clothing £50.00
Petrol/diesel £70.00
Breakdown Cover £8.70
Road tax £20.00
Car Insurance £92.63
Car maintenance (including MOT) £15.00
Pet Insurance/Vet bills £15.00
Contents Insurance £0.00
Income protection £25.54
Life Assurance £26.14
Presents (birthday, christmas etc.) £30.00
Haircuts £35.00
Entertainment £200.00
Cleaning £40.00
Boiler Breakdown cover £4.20
Dance class £32.00
Total monthly expenses £1,816.49


Secured & HP Debt Description Debt(£) Monthly(£) APR(%)
Mortgage £100,000.00 £541.00
Mortgage £6,000.00 £32.31
Secured & HP Debt totals £106,000.00

Unsecured Debt Description Debt(£) Monthly(£) APR(%)
Personal Loan £5,153.75 £206.10
MBNA £7,001.20 £70.00 0
Dog (vet fees) Loan £5,250.00 £100.00 0
Dentistry loan £300 £30.00 0
Unsecured Debt totals £17,404.95 £406.10

Asset Description Value (£)
Cash £600.00
House Value (Gross) £250,000.00
Shares and bonds £0.00
Car(s) £2,000.00
Other assets (e.g. endowments, jewellery etc) £0.00
Total Assets £252,600.00

Monthly Budget Summary Amount(£)
Total monthly income £2,350.00
Monthly expenses (incl. HP & secured loans) £1,816.49
Available for debt repayments £533.51
UNsecured debt repayments £406.10
Amount left after debt repayments £127.41

Personal Balance Sheet Summary Amount(£)
Total Assets (things you own) £252,600.00
Total Secured & HP Debt £106,000.00
Total Unsecured Debt £17,404.95
Net Assets £129,195.05