Can you help at all please?

NeedAHand_3

Firstly, hello to everyone on here - there seems a great sense of friendship and understanding on here, so here goes...

Myself and my partner both work and we have 2 kids.

Our total wages = £2070 plus £180 Tax Credits/Child Benefit per month.

Outgoings are horrendous: (per month)

MORTGAGE - £670
TV LICENCE AND BROADBAND - £42
WATER RATES - £36
LIFE ASSURANCE - £20
GAS - £45
ELEC - £35
C/TAX - £120
FOOD/PETROL - £400
HOUSE/CAR INSURANCE - £45
LOAN 1 - £146 PER MONTH (32 MONTHS LEFT)
LOAN 2 - £240 PER MONTH (34 MONTHS LEFT)
LOAN 3 - £45 PER MONTH (30 MONTHS LEFT)
CREDIT CARD 1 - £6200 @ 16.9 APR
CREDIT CARD 2 - £9200 @ 5.9 APR
CREDIT CARD 3 - £850 @ 0% APR
OVERDRAFT - £2500 OWED
RANDOM (XMAS ETC) - £150
MOBILE - £35 PER MONTH (14 MONTHS LEFT)

That is how it looks, not good.

We use Quidco for cashback, neither of us drink or smoke and we dont buy take away food or ready meals.

We have no money in our house at the moment so we cant re mortgage to pay off some debt.

We really dont know what to do next and I am having really horrible thoughts and I cant sleep or anything.

Can anyone help us save or make anything at all as I am all out of ideas. We are on the cheapest gas elec etc as I checked all that first.

Thanks for looking.

Spendaholic_Chick

Could either (or both) of you get a 2nd job? Also try mystery shopping, have a good clearout and ebay or car boot stuff.

YOur broadband seems really high- are you tied into a contract?

Visit the OS board, you'll g some great ideas for eating on a budget, so you coul shave somehting off your food bills.

Good luck - someone else will have some more ideas I'm sure

Floss

NeedAHand wrote: »

Myself and my partner both work and we have 2 kids.

Our total wages = £2070 plus £180 Tax Credits/Child Benefit per month.
£2250 p/m
Outgoings are horrendous: (per month)

MORTGAGE - £670
TV LICENCE AND BROADBAND - £42 does this include phone? any Sky/cable?
WATER RATES - £36 are you paying arrears in this?
LIFE ASSURANCE - £20
GAS - £45 have you looked at switching?
ELEC - £35 ditto
C/TAX - £120 over 10 or 12months?
FOOD/PETROL - £400 please split - could probably reduce food - take a look at Old Style board for help
HOUSE/CAR INSURANCE - £45 contents? buildings?
LOAN 1 - £146 PER MONTH (32 MONTHS LEFT)
LOAN 2 - £240 PER MONTH (34 MONTHS LEFT)
LOAN 3 - £45 PER MONTH (30 MONTHS LEFT)
CREDIT CARD 1 - £6200 @ 16.9 APR
CREDIT CARD 2 - £9200 @ 5.9 APR
CREDIT CARD 3 - £850 @ 0% APR
OVERDRAFT - £2500 OWED
RANDOM (XMAS ETC) - £150 on what? start a spending diary
MOBILE - £35 PER MONTH (14 MONTHS LEFT) see if you can drop a tariff

You haven't budgetted for car tax / MOT / repairs.

Start a spending diary, take a look at the old style board & meal-plan, using what is in your cupboards / fridge / freezer.

BTW, :hello:

love Floss