Back again and STILL in debt :( - my new SOA HELP :(

Butterfliesarepretty

sara_501 wrote: »

Hi Guys

I got engrossed in the new job and conveniently forgot about all the issues surrounding my circumstances, so I've decided to shame myself and post my SOA....let me know what you think


Monthly Incomings:

My salary – £522.35
Working Family Tax credit - £252.00
Child Tax Credit - £179.87
Child benefit - £78.43

Total - £1,032.65

Monthly Outgoings:

Mortgage - £347.76 September followed by monthly payments of £233.23
Council Tax - £69.00
Electricity - £20.00
Gas £4.00
TV/Phone/Broadband – £45.49
Mobile - £86.00
Food - £110.00 est.
Petrol £40.00
Car Insurance £35.00 - paid in full annually
others – £26.00 (hair cuts, birthdays etc)
Car maintenance £41.66 est.
AA membership £3.91 approx.
Holidays: £36.33 est.
TV Licence £11.29 (paid in full annually)
Car Tax £16.50

Total: £ 892.94

The Scary Stuff!!!

M&S &more CC - £1830.19 @ 0% 'til January 2008 (limit £2k) £45.75 per month
Barclaycard Platinum Visa - £0.00 @ 9.9% (limit £1,800)
Tesco Clubcard CC - £81.19 @ 18.9% (limit £2,250)
Alliance & Leicester Overdraft £82.77 @ 0% 'til January 2008 (limit £500)

Total: £1995.15 (Debts)

Total Outgoings: £1019.82

Remaining: £12.77

I know my situation isn't that bad, but I've gone from being totally solvent to being plagued with bits of debts and disappearing cash (I really don't know where it goes, would keep a diary of spends but I'm not that organised)....welcome any feedback

hi sarah 501 - change your mobile to text only on O2. If you put £10 on a month you get 500 free text, £15 a month 750 free text and £20 a month 1000 free text. do not use the mobile as a phone just for texting like I do. that way the money never gets used. Also switch your home phone calls to tesco home phone - leave the line rental with BT and pay BT £10 a month for it and tesco will bill you monthly for usage of calls for eg I have stopped ringing too many people all the time and my calls this month was £3.50!!!:T

Trust me 02 are the best for pay as you go. get rid of the contract if you have one.;)

Tracey

Smile £900 overdrawn
Savings £500 with smile
Alliance and Leicester account £173 overdrawn (bills account)
Credit card with smile £100
Mortgage £40,000
Incomings £1000 a month. Bills £700 a month