Any Suggested Cutbacks

Darksparkle

Dird wrote: »

The cashback means nothing when it's so high.
TalkTalk for 18 months = £17.70/month but TCB offers £111 cashback and you get a £50 voucher
Sky/TalkTalk both use BTs network. bandwidth quality will be the same
On top of this, you'd still pay £17.70/month so you get 3% cashback on that + the £111 cashback
If they announce a price increase in 6 months you can switch to someone else, keep the £111 and not pay an early exit fee.
Only virgin allow Internet without a landline but they charge more that with the landline to put people off

TalkTalk showing £17 if I go with simple broadband, I use fibre. So thats taking it to £27 so not much different than I pay now.

Whats TCB?

I couldnt get Virgin anyway so that wasnt an option.

Dird

Darksparkle wrote: »

TalkTalk showing £17 if I go with simple broadband, I use fibre. So thats taking it to £27 so not much different than I pay now.

That's an uneeded luxury. I've just moved from Virgin 70gb fibre to Sky 17gb standard. The Virgin sales rep tried to keep me, arguing I downloaded 90gb worth in the previous month but when broken down that's 3gb/day or 125mb/hour. I'm also a gamer & have noticed no ping issues.

Darksparkle wrote: »

Whats TCB?

http://topcashback.co.uk/

Darksparkle wrote: »

Netflix has movies as well as TV. I dont have Sky movies or anything like that. It also has different TV shows from Sky. If they were both the same then yes I would get rid of one but they dont.

But you have Internet... http://www.pasteall.org/pic/show.php?id=97623

Darksparkle

Dird wrote: »

That's an uneeded luxury. I've just moved from Virgin 70gb fibre to Sky 17gb standard. The Virgin sales rep tried to keep me, arguing I downloaded 90gb worth in the previous month but when broken down that's 3gb/day or 125mb/hour. I'm also a gamer & have noticed no ping issues.

http://topcashback.co.uk/

But you have Internet... http://www.pasteall.org/pic/show.php?id=97623

I can afford some luxuries in life. I had simple broadband with BT and thought it was pretty lousy. Much better since I got fibre.

Prefer to avoid illegal downloading.

bobobski

I'm confused... Is OP looking for advice or a way to justify expenditure? :undecided

You can spend what you like dude, but if you're asking how to cut back, perhaps worth listening to the people giving advice on here. Your grocery costs are high (I spend about £40 per week, including a few bottles of wine, and I cook from scratch) but your telecoms costs are astronomical. But that's fine if that's how you want to spend your money - it is your money after all.

jimjames

bobobski wrote: »

I'm confused... Is OP looking for advice or a way to justify expenditure? :undecided

I'm confused too. Unless there's been some sudden jump in income, how come the net assets is -£12k when there is a £2000 surplus every month? What's that being spent on that's not listed? Maybe the SOA isn't that accurate?

oligopoly

jimjames wrote: »

I'm confused too. Unless there's been some sudden jump in income, how come the net assets is -£12k when there is a £2000 surplus every month? What's that being spent on that's not listed? Maybe the SOA isn't that accurate?

The net assets is the sum of the 2 credit cards?

oligopoly

£15 per month Account fees? For banking?

As mentioned, the mobile is very high...

As someone who has recently had a lightbulb moment, it would be worth double checking your grocery spending. I thought we were spending £400 per month; turned out it was more like £600 :-S

jimjames

oligopoly wrote: »

The net assets is the sum of the 2 credit cards?

I realise that.

What I don't understand is how you run up £12k of credit card debt when you are in £2000 surplus per month. So there must be something else money is being spent on or previous wild spending. If you're in surplus by £2k then you can clear that debt in 6 months.

As it stands the OP has said they have zero total assets (not zero net with debt accounted) so they have no savings at all. It still leads to the question of where this £2k surplus every month is going. If it wasn't for paying down debt then it should be in savings? So far the only unidentified items are presents and surely you can't spend £2000 per month on that?

oligopoly

jimjames wrote: »

I realise that.

What I don't understand is how you run up £12k of credit card debt when you are in £2000 surplus per month. So there must be something else money is being spent on or previous wild spending. If you're in surplus by £2k then you can clear that debt in 6 months.

Gotcha. Yes quite right, good point.

MoneyMission2015

OP, if you don't want to cut back on groceries and internet/sky charges as suggested on here, then start keeping a spending diary to see where your surplus £2k is going every month because as pointed out, this presumably is being spent somewhere because you have debt.


Is the debt on 0%? If it's not, balance transfer it to a 0% card, stop spending on the credit cards and keep that £2k a month to save for your house, wedding or luxuries that you want.


On a side note, if I had a surplus of £2k per month I would be paying more than just £250 per month to my family member who I have loaned money off. Maybe you could look at increasing this amount so that your family member gets their money back quicker and can start benefiting from interest on the money that they loaned to you. I'd certainly be trying to pay it back before I think about buying a house or paying for a wedding. You might not think it will happen to you and hopefully it wont, but some family members might start to resent the fact that you seem to be splashing out on luxuries while still owing them money. Not always the case, but so many stories on here about it. Money and family very rarely mix.