Feel so alone

Popstess

Okay so SOA TIME:

Not sure if I'm doing this right but here goes.....

Income
Monthly salary £1480.00
Child Benefit. £80.00
Working Tax. £140.00
Maintainance. £100.00

TOTAL. £1,800.00

Outgoings
Mortgage £234.00
food/toiletries/
cleaning products £280.00
Council Tax. £81.00
Gas & electric. £68.00
Christmas. £50.00
Sky. £36.00
Car Insurance. £30.00
Petrol. £30.00
Birthdays. £20.00
Mobile. £18.00
Water bill. £17.00
Halifax ultimate
Reward account. £15.00
School snack money. £15.00
Buildings & contents
Insurance. £13.00
TV license. £13.00
Sons saving account. £10.00
MOT. £5.00

TOTAL. £935.00

Debt outgoings
Halifax loan. £269.00
Barclay Card. £132.00
Dad. £100.00
Tesco card. £90.00
MBNA card. £25.00

TOTAL OUTGOINGS. £1,526.00

TOTAL REMAINING £274.00


I also have my next account currently sitting at £250.00 but hopefully once the returned clothes are credited to my account + £120.00 out of my pot of dreams that will be paid and closed by next week.

Very I have £1,035.00 buy now pay laters so I'm not paying interest but also not paying a monthly direct debit on that one so not sure whether to just chip away at it or set up a direct debit and include it in my outgoings.


Anyway there's my SOA's I have probably missed something major off as I'm new to all this, but please be gentle with me it's taken a lot for me to share that on here, thank you

Newlywed_Saving_Ninja

You definitely aren't alone, look how many of us are also here! You are right in your idea to do it "bite by bite", don't look at the whole thing, just break it down in to more manageable bits, otherwise like you say it gets overwhelming and you can just feel like giving up.

Never be ashamed, you have done the hardest part, the "LBM", the facing up to it all and actually writing down how much you owe. It is a shock for a start, but once you know everything you owe, and with your SOA above, you can start to make a plan. We use a spreadsheet, and when you see the debt amounts dropping each month it really does spur you on. You will also find lots of ideas, tips and support on here

Popstess

Newlywed_Saving_Ninja wrote: »

You definitely aren't alone, look how many of us are also here! You are right in your idea to do it "bite by bite", don't look at the whole thing, just break it down in to more manageable bits, otherwise like you say it gets overwhelming and you can just feel like giving up.

Never be ashamed, you have done the hardest part, the "LBM", the facing up to it all and actually writing down how much you owe. It is a shock for a start, but once you know everything you owe, and with your SOA above, you can start to make a plan. We use a spreadsheet, and when you see the debt amounts dropping each month it really does spur you on. You will also find lots of ideas, tips and support on here

Thank you so much I guess I've needed this shock to get me to face what I've actually been burying my head for for so long.

Newlywed_Saving_Ninja

I have skimmed through everything, and I saw the bit about you being a people pleaser in terms of not saying no to going out, events etc. It is hard, but it is time to get tough, because while you are pleasing everyone else, look what it is doing to you. You deserve to be happy too

I know it is hard, but stick to your guns, people will get used to it. If we don't have the money, we just don't go, end of story.

Popstess

Newlywed_Saving_Ninja wrote: »

I have skimmed through everything, and I saw the bit about you being a people pleaser in terms of not saying no to going out, events etc. It is hard, but it is time to get tough, because while you are pleasing everyone else, look what it is doing to you. You deserve to be happy too

I know it is hard, but stick to your guns, people will get used to it. If we don't have the money, we just don't go, end of story.

Yep that's sure going to be tough but I have to do it I know that now.

zenshi

Also remember that although you want to be debt free ASAP, you are entitled to some little pleasures. All work and no play...... It doesn't have to be all doom and gloom. If you want to go out with mates, budget that in say for once a month!

Sky...do you really need this? Could you get freesat or free View? Or Netflix? Much cheaper

Popstess

zenshi wrote: »

Also remember that although you want to be debt free ASAP, you are entitled to some little pleasures. All work and no play...... It doesn't have to be all doom and gloom. If you want to go out with mates, budget that in say for once a month!

Sky...do you really need this? Could you get freesat or free View? Or Netflix? Much cheaper

Sky not really but my broadband and phone line are in with that payment which I do need for work. I have recently halved my sky bill though when the contract runs out in May I'm going to cancel it although not sure I'd save much as I'd just be cancelling the tv and keeping the broadband and phone line

zenshi

Fair point! Think my brains going to sleep

Popstess

zenshi wrote: »

Fair point! Think my brains going to sleep

Thank you for all your help tonight

gocurlygirl

I was about to go to bed ,then I saw the thread title and did not want to walk away-most of us have been in a similar position and through planning,cutting spending,using advice from here and sheer determination at times are now heading in the right direction.You are not alone.:hello:
At times it has been reading this website that has really helped me(thanks everyone):grouphug: