Small loan but want it gone!

Whoknowskt89

Thanks guys, I'll get there in the end.

Bobarella - I moved out about 2 years ago on my own and I've always been in fear of ending up like some friends of mine in living on instant noodles etc so I've always stock piled food to avoid this, despite having a small emergency fund and a credit card.

Had a last minute surprise of a friend turning up today.
She ended up cutting my hair (hadn't been done for nearly a year and tonnes of split ends) so I told her to get her boyfriend over and did a lovely meal for them.
She wouldn't take any money off me but she would take some excess body wash from the body shop as payment.
I have this problem of buying too much of things or getting bought things I don't need. I have around a 2 year supply of shampoo thanks to a messed up delivery and probably the same in body wash shower gel so loosing one doesn't hurt me at all.

Bobarella

Wow sounds like a great friend to have!

Impressive stock piling

zippygeorgeandben

A night with the cats sounds much better than a night at the pub!
Ok... who am I kidding, I love a night at the pub but sometimes for even £4.90 a pint is ridiculous.
No wonder, people tend to drink more at home now and nightclubs are dying by the month.

Whoknowskt89

zippygeorgeandben wrote: »

A night with the cats sounds much better than a night at the pub!
Ok... who am I kidding, I love a night at the pub but sometimes for even £4.90 a pint is ridiculous.
No wonder, people tend to drink more at home now and nightclubs are dying by the month.

I do still head out occasionally as I'm 27,single and well,trying to make sure I don't turn into a crazy cat lady but I'm failing at that as I have 4...

The pubs /clubs here aren't too bad really.
A local club generally is £2 to £2.50 for a single vodka and mixer all night and is walking distance so when I do go it's only £25 max a night normally but I really want to try to get this loan done more. This area has a fair few students so pubs and clubs survive!

Whoknowskt89

Bobarella wrote: »

Wow sounds like a great friend to have!

Impressive stock piling

She really is! I helped her when she was having a rough time and and helps me when I'm in a rougher patch.
We've been friends for 15 years now and she's considering moving up to the Midlands after I do (well it's the 5 year plan)

Thanks. Smellies wise, boots points in Christmas sales are a great help! I buy Christmas presents from boots on events days so it boosts my balances.

Bobarella

Awww here's to great mates!

Whoknowskt89

Ah mind is doing it's usual over thinking again... My car mot is due next month and I have it booked it for the 4th.
Now my car is a little run around and I've got the money for insurance and mot put to one side in my yearly bills accounts (plus a mini buffer of around £250 to cover changes in insurance prices, service charges on my flat etc)
My car is possibly worth £500 max, if that. I've got a funny feeling it's going to fail on the driveshaft gaiters and maybe a few other issues. Having checked prices I'd be looking at around £150 plus fitting, which between the buffer and emergency fund I could cover but it's the when to call it a day with my car.
If I did call it a day, it would be a new car and that wouldn't be cheap obviously!
Part of me wants to call the garage and book it in sooner now just so I know!

Scott_Weiland_2

zippygeorgeandben wrote: »

A night with the cats sounds much better than a night at the pub!
Ok... who am I kidding, I love a night at the pub but sometimes for even £4.90 a pint is ridiculous.
No wonder, people tend to drink more at home now and nightclubs are dying by the month.

I hate to say it but even Newcastle where i drink from time to time is getting like that i am a guinness drinker and some places are charging 4.50 plus a pint.

Whoknowskt89

Did my soa and in theory I should have enough money to get this loan right down but it isn't!

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1480
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1480

Monthly Expense Details
Mortgage................................ 340
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 58
Electricity............................. 40
Gas..................................... 0
Oil..................................... 0
Water rates............................. 16.9
Telephone (land line)................... 18.99
Mobile phone............................ 26
TV Licence.............................. 0
Satellite/Cable TV...................... 7.49
Internet Services....................... 0
Groceries etc. ......................... 110
Clothing................................ 10
Petrol/diesel........................... 20
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 21
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 21.84
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Yearly bills ........................... 250
Total monthly expenses.................. 1000.22

Before I get comments on insurance, TV licence, management fees etc, the yearly bills account covers all of this. I balanced it until next year and it's in credit by around £300
Assets
Cash.................................... 668
House value (Gross)..................... 110000
Shares and bonds........................ 500
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 112668


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 68381....(340)......3.75
Total secured & HP debts...... 68381.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................1760......105.4.....11.9
Total unsecured debts..........1760......105.4.....-


Monthly Budget Summary
Total monthly income.................... 1,480
Expenses (including HP & secured debts). 1,000.22
Available for debt repayments........... 479.78
Monthly UNsecured debt repayments....... 105.4
Amount left after debt repayments....... 374.38

Personal Balance Sheet Summary
Total assets (things you own)........... 112,668
Total HP & Secured debt................. -68,381
Total Unsecured debt.................... -1,760
Net Assets.............................. 42,527

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

So this month, I overpaid my loan by £176 already and did spend a chunk in a fabric store but this keeps me busy and in making clothing rather than down the pub or shops.

Any advice greatly appreciated!

Whoknowskt89

Oh and 2 cars is a runaround car and a motorcycle! I actually walk to work so both are social only