My debt is out of control please help

peaceandfreedom

damsidebear wrote: »

Just reading through your post makes me feel more positive so I thank you for that.

I will take your advice and I'll have a look at YNAB, thank you.

Do, I think it's a great tool for managing money. I have the old desktop version, the newest version is an online one. There is a support thread on here if you need any advice on how to set up your budget and there are loads of videos on the YNAB website as well and you can try it free for 34 days.

The rest of my post - I was trying to say it seems hard but it does get better - others have said all that much more eloquently than me and I agree with every word they've said, some excellent posts on here :T.

damsidebear

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1805
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1805
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 200
Rent.................................... 200
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 55
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 40
Car maintenance (including MOT)......... 12
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 100
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 13
Buildings insurance..................... 14
Contents insurance...................... 0
Life assurance ......................... 15
Other insurance......................... 0
Presents (birthday, christmas etc)...... 35
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1159

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0<
Car PCP........................13900....(200)......0
Total secured & HP debts...... 13900.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................7700......200.......24.9
credit card....................7650......150.......20.9
store card.....................836.08....70........22.9
overdraft......................1000......50........0
Total unsecured debts..........17186.08..470.......-

Monthly Budget Summary
Total monthly income.................... 1,805
Expenses (including HP & secured debts). 1,159
Available for debt repayments........... 646
Monthly UNsecured debt repayments....... 470
Amount left after debt repayments....... 176
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -13,900
Total Unsecured debt.................... -17,186.08
Net Assets.............................. -31,086.08
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.


wow feeling great, a little wage rise and my wife paid her o/b on the store card which has taken me initially from a 62 month debt free date to a 37 month plan!! so pleased!