Please please help my SOA

shootingstarXX

OK guys here my SOA Please help!

Monthly Incomings:

My salary - £1232
Benefits - £157

Total - £1389

Monthly Outgoings:

Mortgage/Rent - £837 (changing to 700 as of 1st oct)
Council Tax - £89
Gas - OH pays
Electric - £25-30
TV License OH pays
Sky £38
Phone - £14.50
Food - £160 (I pay every other week)
Car Insurance - £51
Petrol - £100
Life Insurance £23
Internet - £24.99
Mobile phone - £45
Home Insurance - £25
Water - £30
Union- £8

The nasties!
Halifax card £67 pm £3427 left (13.5%)
Virgin card £10 pm £145 left (24.9 %)
Barclaycard £66 pm £2976 (21.9)
MBNA £17 pm £971 (15.9)
Cahoot £133pm £3315 (5.6%)
Natwest £55pm £2448 (13.9)

Total: £1,819:eek:

I have not included OH income because hes got his own debts and is on a DMP with CCCS

So far Ive been living of my cc and income from selling things on ebay but its not enough
Please can someone advise me?

joeblack066

shootingstarXX wrote: »

OK guys here my SOA Please help!

Monthly Incomings:

My salary - £1232
Benefits - £157

Total - £1389

Monthly Outgoings:

Mortgage/Rent - £837 (changing to 700 as of 1st oct) Is this half?
Council Tax - £89 Is this half of the CT for the property?
Gas - OH pays
Electric - £25-30
TV License OH pays
Sky £38 This needs to go
Phone - £14.50
Food - £160 (I pay every other week) This needs to be reduced to £100
Car Insurance - £51 Have you shopped aound for cheapest?
Petrol - £100
Life Insurance £23
Internet - £24.99 This can be got cheaper
Mobile phone - £45 This needs to go to PAYG
Home Insurance - £25
Water - £30
Union- £8

The nasties!
Halifax card £67 pm £3427 left (13.5%)
Virgin card £10 pm £145 left (24.9 %)
Barclaycard £66 pm £2976 (21.9)
MBNA £17 pm £971 (15.9)
Cahoot £133pm £3315 (5.6%)
Natwest £55pm £2448 (13.9)

Total: £1,819:eek:

Is there any way that you can increase your income on a more regular basis, as I feel that this is going to be vital to be able to get the equation nearere balancing!

benbenandme

Please don't think I'm being rude, but does your OH pay anything towards the mortgage? I'm slightly confused as to how you split your bills
Also, car tax and mot costs, birthdays/xmas, haricuts etc aren't listed ... how much do you spend on these per month?
Good luck and well done for posting :beer:

shootingstarXX

Hi thanks for replying, I pay for most things ie bills and mortgage because I am the main earner and he had huge debts of his own. I dont think this has helped me as I have had 6 months off work on maternity leave and lived off my cc.
Thanks for the suggestions

benbenandme

Could you combine your phone and broadband at all? I pay £25 per month with talktalk and its for my phone and my broadband. Also there are those offers like virgin media where you can get your tv channels too if you can get out of your sky contract??

CLAPTON

1. do you rent or buying..if buying hpow much is the mortgage and how much is the house worth?

2. if buying, is the house in joint ownership

3. food..160.. is that the total spend for the family per month or is 320 spent per month

4. do you spend anything on the following and if so how much
a. car tax
b. MOT
c. RAC/AA
d. estimate of servicing / repairs /new tyres etc.
e. anything on socialising
f. anything on xmas/presents/birthdays etc?
g. anything on clothes
h. anything on work lunches, coffees, newspapers, haircuts, etc

I ask these questions because it seems to me that you have no money to pay any debts, in fact you can't really afford to pay your 'normal ' bills.