help !!! - SOA

blashey

DONT KNOW IF ANYONE CAN HELP JUST LOST MY 2ND JOB AND UP TO THAT POINT WAS DOING OK PAYING THINGS OFF I HAVE A DEBT MANAGEMENT PLAN AND DONT KNOW NOW HOW TO PAY IT OFF I AM SO FREETING WITH WORRY HERE






[tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 3
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 450
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1650
Monthly Expense Details
Mortgage................................ 616
Secured/HP loan repayments.............. 18.99000000000001
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 53
Electricity............................. 25
Gas..................................... 25
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 14
Mobile phone............................ 60
TV Licence.............................. 12
Satellite/Cable TV...................... 55
Internet Services....................... 10
Groceries etc. ......................... 150
Clothing................................ 30
Petrol/diesel........................... 30
Road tax................................ 30
Car Insurance........................... 27
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 18
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 75
Other insurance......................... 12
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 18
Total monthly expenses.................. 1358.99

Assets
Cash.................................... 0
House value (Gross)..................... 104
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 3104

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 87.......(616)......3
Hire Purchase (HP) debt ...... 400......(18.99)....24
Total secured & HP debts...... 487.......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR ALL DEBT MANAGEMENT
credit card....................2500......55........0
credit card....................800.......18........0
credit card....................600.......16........0
credit card....................2000......60........27
credit card....................2500......80........32
credit card....................500.......8.........0
Total unsecured debts..........8900......237.......-

Monthly Budget Summary
Total monthly income.................... 1,650
Expenses (including HP & secured debts). 1,358.99
Available for debt repayments........... 291.01
Monthly UNsecured debt repayments....... 237
Amount left after debt repayments....... 54.01
Personal Balance Sheet Summary
Total assets (things you own)........... 3,104
Total HP & Secured debt................. -487
Total Unsecured debt.................... -8,900
Net Assets.............................. -6,283
[/tt]

DawnW

Is your DMP with Stepchange, or one of the other debt charities?
If so, ring and discuss with them.

JasX

A little more info would be useful

-> does the SOA above represent the situation AFTER loss of the 2nd job or before?

if before how much is your income dropping?

if after your outgoings are below your income, do you have £50 left at the end of the month? if not you need to work out where you're over spending and accurately track your budget as a starting point

Why are there 3 adults in your house? how do they all contribute to costs/bills etc?

blashey

No thats with second income out and its 2adulrs and a child

carrielovesfanta

Hi blashey,


I didn't want to read and run.


You sound very panicked. Go make a cuppa, and take a deep breath. Some lovely peeps will be along with excellent advice very shortly. (oops cross-posted - Dawn and JasX - you are lovely!)


If you are on a DMP, the payments can be changed as your circumstances change. Please don't panic - Martin says that any situation can be resolved