New Journey

Scott-Weiland

Hope your okay and on the mend Cumbria and having a nice weekend.

System

My mind has not been on debt busting in the past 6 months , I have half heartedly been trying to be MSE . As well as being ill in the winter then the problem with the nose I have had other things going on in RL which have affected me I realise now. This is my own fault and I have accepted that sometimes you have let a poisonous friendship go , no matter how much you want to hang on to it.

My debt had increased and to be honest I didn't want to check by how much as was to worried. Some of the debt has been created because I paid for something on my CC to help the poisonous friendship out and I won't be getting paid back. The rest has been on mindless spending , don't really know what . Anyway halfway through the year and today is the day it gets sorted out.

I have done a BT to my MBNA card and it's for 2 years , I only want one card with debt on. The CC that I have been using mindlessly has been cut up this morning.

The debt total now is £3990.93 , :eek: not so bad I guess. I started this journey with £5820 so still £2000 nearly paid off in 18 months .

I am doing a new SOA which I will post later . Feel better already having finally sorted it out.

System

I still have £700 in EF not touching that.

My Xmas and Birthday savings are all on track.
Same with insurances all paid in full this year , house insurance, travel insurance and car ins due in sept.
Money for hol spending intact as well.

System

Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1404
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 94.83
Total monthly income.................... 1473.83

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
ManagementManagement charge (leasehold property).. 0
Council tax............................. 73
Electricity............................. 22
Gas..................................... 22
Oil..................................... 0
Water rates............................. 24.69
Telephone (land line)................... 0
Mobile phone............................ 20.8
TV Licence.............................. 12.37
Satellite/Cable TV...................... 0
Internet Services....................... 30.46
Groceries etc. ......................... 120
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 43.5
Car maintenance ..."...........30
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8.06
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 70
Haircuts................................ 0
Entertainment........................... 100
Holiday................................. 25
Emergency fund.......................... 25
NT AND EH............................... 9.9
GRANDKIDS............................... 12
UNION................................... 2.45
GYM............................41
Total monthly expenses.................. 1272.23


Assets
Cash.................................... 700
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 3200

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
CC1............................3990.93 200.......0
Total unsecured debts..........3990.93...200.......-


Monthly Budget Summary
Total monthly income.................... 1,473.83
Expenses (including HP & secured debts). 1,272.23
Available for debt repayments........... 201.6
Monthly UNsecured debt repayments....... 200
Amount left after debt repayments....... 1.6

Personal Balance Sheet Summary
Total assets (things you own)........... 3,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -3,990.93
Net Assets.............................. -790.93

Created using the SOA calculat

Seasidegal58

Hi Cumbria - glad to hear all's well on the op and the itchy stitches have gone!

I wouldn't beat yourself up too much on the spends so far this year. I think you do remarkably well on what you have coming in cash wise. You are rather like me in your profile, I.e single, getting planning for retirement, etc, but I earn more and don't run a car - you still manage to do the things that are close to your heart. I'm so sorry to hear of the toxic friendship that has cost you in both emotionally and financially - it must be very hurtful, but you've cut this person out of your life now - and rightly so. Onwards and upwards now - you've got your break in August to look forward to and of course Australia.

As that eternal optimist good oid Miss Scarlett once said - tomorrow is another day!

P.s thing standing out on your SOA is lack of household contents insurance - or is this included in with your rent?

HairyHandofDartmoor

You've had a difficult year so far Cumbria but hopefully you're through the worst of it now. Your debt hasn't increased that much and you've taken steps to stop the mindless spending. You manage really well on a low income .

Do you spend money on hair cuts? There's no allowance for that on your SOA.

System

Seasidegal58 wrote: »

Hi Cumbria - glad to hear all's well on the op and the itchy stitches have gone!

I wouldn't beat yourself up too much on the spends so far this year. I think you do remarkably well on what you have coming in cash wise. You are rather like me in your profile, I.e single, getting planning for retirement, etc, but I earn more and don't run a car - you still manage to do the things that are close to your heart. I'm so sorry to hear of the toxic friendship that has cost you in both emotionally and financially - it must be very hurtful, but you've cut this person out of your life now - and rightly so. Onwards and upwards now - you've got your break in August to look forward to and of course Australia.

As that eternal optimist good oid Miss Scarlett once said - tomorrow is another day!

P.s thing standing out on your SOA is lack of household contents insurance - or is this included in with your rent?

Thank you , love the Miss Scarlett mention, tomorrow is indeed another day. Contents insurance I has been paid in full and I save £43.50 a month for car and home insurance but I put it in the car insurance bit. , if that makes sense.

System

HairyHandofDartmoor wrote: »

You've had a difficult year so far Cumbria but hopefully you're through the worst of it now. Your debt hasn't increased that much and you've taken steps to stop the mindless spending. You manage really well on a low income .

Do you spend money on hair cuts? There's no allowance for that on your SOA.

Thank you HH , haircuts are once a month and come out of my entertainment budget £20 my niece is a hairdresser.

redofromstart

Just catching up after a busy few days, full points to you for recognising the issue and drawing a line in the sand.

I'll be cheering you on as always :beer:

beanielou

Well done on dealing with the toxic friendship.
One debt on 0% is ok
You will have it paid off before the 0% is finished