Can't sleep for worrying about debts - HELP!

Mrs_the_boat_every_time

I am new to the forum but have been on the website during my sleepless nights wondering where to go next. By reading previous debt-free wannabees I know that I need to list my Statement of Affairs - am petrified and embarrassed to actually type in the figures!:eek:

I think I have had a moment! Like these wee icons - they are cheering me up already!

Will start compiling my stuff and get back to you. Hope someone can help me get out of this never-ending worry. I am looking for advice but ultimately I know that I have to stop spending and get a grip.

Dumyat

its the first step. you need to know the truth before you can sort it out.
I know its hard, but just do it. you'll feel better in the long run.

January20

It's scary at first but it's a fantastic feeling when you realise you are back in control of your finances even if you are still paying debt.

Kazz

You know I went through the same thing about 6 weeks ago, I couldn't sleep or anything. My problems were further complicated by having debt in my 19 year old daughters name which I refuse to reduce.

I didn't post here but, once you start listing what you have & get advice on what to do, you will feel so much better. I still have a couple to sort but I feel so much better than I did 6 weeks ago when I could see no end to it.

Jacks_xxx

:wave: Hiya sweetie,

I'll look out for your next post then sweetie..

Just getting it all together and starting to do something makes you feel better hon I promise.

Even if it all looks very very scary at first.

Welcome to the gang!:beer:

Love Jacks xxx

Karmacat

Hello Mrs TBET
Welcome to mse - you've got it right, its the soa and the emoticons - the latter are *so* important :rotfl: :T :rotfl: . You will be able to get the scary worried feelings under control, this is the first step. Post again as soon as you can.

Good luck.

Mrs_the_boat_every_time

Thanks for the support - you are all so lovely - here goes - try to stay with me!

Statement of Affairs
Monthly




Mort 4.94% 3 Year Fixed Rate expires 30.11.08 N'wide

453.06

Nov 2021 (14yrs) bal at 31.12.06 £58,910.09
Property Insurance N'wide

20.96

PPI N'wide

11.78

Credit Card - Halifax Visa

250.00

Bal at 31.08 £9409.60 Interest 20.95%pa
Car Loan Nissan Finance

135.16

0% apr finishes Dec 2008
Payment Protection Plan

9.19

For car loan
Nationwide Home Imp Loan

136.97

6.70%pa - finishes July 2011
Credit Insurance

21.49

For home imp loan
Parent Loan

125.00

0% until Feb 2011 - wonderful mother-in-law
Next

50.00

Balance owed at 18.09 £358.35
Legal & General Life Assur

22.69

Sainsburys - Pet Insurance

15.79

Car Exps/Hols Savings

100.00

Usually end up transferring back into account
Scottish Power - Gas

49.50

Just switched to Atlantic using the MSE advice - due £15 cashback and reduction in monthly payment
Scottish Power - Electric

49.50

As above - switched to npower
Orange Broadband

19.99

Friends Provident Mort PP

40.21

Specsavers contact lenses

10.00

article on MSE this week and looking into saving on this
Canada Life Critical Illness

15.56

Esure - Car Insurance

19.11

BT

20.50

TV Licence (Jan, Apr, Jul, Oct)

34.10

Halifax Standing Order

25.00

Hubby's Golf Trip savings
Council Tax

187.00

Golf Fees

64.20

Daughter's Mobile Phone

15.49

Petrol

50.00

Eldest - Guitar Lessons

100.00

£20 pw
Youngest - dancing fees

42.50

Food/Clothes

450.00

Spending Money

150.00

Kids Pocket Money

40.00

Total Monthly outgoings (sweet jesus!)

2734.75

Overdraft - Halifax £3000

Filled to the max every month



Child Benefit

-120.80

Tax Credits

-42.09

Husband Wage - basic

-1668.00

Can earn extra with overtime but no overtime due for a while
My wage

-945.00

Total monthly incomings (holy s"?t)

-2775.89

trying-very-trying

Hello mrs:hello:, and welcome to this fascinating site.

I felt exactly like you do now, but believe me with the support and advice of the wonderful people on this site, you can turn your situation round and see light at the end of the tunnel no it's not the train coming).

I'll watch out for your soa.

Love the name by the way, it shows that you have not lost your sense of humour:rotfl:.

trying-very-trying

It doesn't look that bad, at least you have more going in than out, so we just need to see where the savings can be made.
The one thing that stands out is the food bill, I assume that's for 4 people? I'm sure that could be cut. Also do you pay tv licence quarterly? change to monthly. D
Does dd really need a mobile phone?
You seem to have quite a few ppp are these all needed or could you cancel?

floss2

Mrs_the_boat_every_time wrote: »

Thanks for the support - you are all so lovely - here goes - try to stay with me!

Statement of Affairs
Monthly




Mort 4.94% 3 Year Fixed Rate expires 30.11.08 N'wide

453.06

Nov 2021 (14yrs) bal at 31.12.06 £58,910.09
Property Insurance N'wide

20.96

PPI N'wide

11.78

Credit Card - Halifax Visa

250.00

Bal at 31.08 £9409.60 Interest 20.95%pa
Car Loan Nissan Finance

135.16

0% apr finishes Dec 2008
Payment Protection Plan

9.19

For car loan
Nationwide Home Imp Loan

136.97

6.70%pa - finishes July 2011
Credit Insurance

21.49

For home imp loan
Parent Loan

125.00

0% until Feb 2011 - wonderful mother-in-law
Next

50.00

Balance owed at 18.09 £358.35
Legal & General Life Assur

22.69

Sainsburys - Pet Insurance

15.79

Car Exps/Hols Savings Pls breakdown for car expenses

100.00

Usually end up transferring back into account
Scottish Power - Gas

49.50

Just switched to Atlantic using the MSE advice - due £15 cashback and reduction in monthly payment
Scottish Power - Electric

49.50

As above - switched to npower
Orange Broadband

19.99

Friends Provident Mort PP

40.21

Specsavers contact lenses

10.00

article on MSE this week and looking into saving on this
Canada Life Critical Illness

15.56

Esure - Car Insurance

19.11

BT Can you get a bundle for this & broadband?

20.50

TV Licence (Jan, Apr, Jul, Oct)

34.10

Halifax Standing Order extras need to be cut out until you can afford them

25.00

Hubby's Golf Trip savings
Council Tax can you pay this over 12m?

187.00

Golf Fees can this be cut? play on local council course?

64.20

Daughter's Mobile Phone

15.49

Petrol

50.00

Eldest - Guitar Lessons Can these be cut down at all?

100.00

£20 pw
Youngest - dancing fees ditto?

42.50

Food/Clothes Pls split - See Old Style board for helpt to reduce food bill

450.00

Spending Money This needs to be cut

150.00

Kids Pocket Money do they earn any of this? can mobile be part of this?

40.00

Total Monthly outgoings (sweet jesus!)

2734.75

Overdraft - Halifax £3000

Filled to the max every month



Child Benefit

-120.80

Tax Credits

-42.09

Husband Wage - basic

-1668.00

Can earn extra with overtime but no overtime due for a while
My wage

-945.00

Total monthly incomings (holy s"?t)

-2775.89

Ok, just a quick look, but there are definite areas to make savings...extras like golf, guitar & dancing spring to mind. Also food...

My kids used to earn pocket money by doing chores, and youngest DS had fortnightly guitar lesson as part of his pocket money, they also got £10 top-up a month as part of that too.

:wave:

trying-very-trying

What ages are your children? Old enough to get a Saturday job? Make them earn their own pocket money if poss.