Stuggling to cope!

retrac0980

Hi, seeking a bit of advice in regards to my next move.


I was paid my monthly wage this week and no sooner had it landed in my account it was snapped up due to payments to CSA/Council Tax/Car Insurance/Phone bill etc.


I literally have no money for shopping for myself and more importantly my pregnant girlfriend for the next four weeks. I work hard and take home a reasonable £1300 to 1500 p/m. I normally get overtime in which gives us a welcome boost but due to O/T not being available last month I find myself in this desperate situation (-and to be honest a few fair times this last year).


I currently have an attachment of earnings of £220 direct from my wage for one child (to a partner from when I was young) and I pay cash to an ex girlfirend for my other two kids for £285 (messy affairs I understand, but even so my children and I wish to support them).


But added to the general home direct debits, gas & electric (etc) I literally have nothing left. My mum recently lent us £300 due to our situation, but she is out of work and struggles herself. So I've paid her back what I owe her as she also needs to survive. We have nowhere else to turn.


I've spoken to my boss at work in serious consideration of quitting my job and living off the social, which please understand is the last thing I want, but don't see any other way out of this situation - and he has directed me to this site as a last ditch attempt at salvaging an idea that may help us.


Any help/advice would be greatly appreciated.


Thank you in advance.

sourcrates

Hi,

Statement of affairs comes first, (SOA) calculator here :

http://www.stoozing.com/calculator/soa.php

Looks like you've been agreeing to unafordable payment plans, this has to stop straight away, get them looked at again.

A proper and concise budget will help you decide whats affordable, and what isn't.

tempus_fugit

Hi retrac0980, welcome and you've come to the right place for help and advice, there are loads of helpful and experienced people here who will be able to advise you. However, it would be best if you completed an SOA detailing your income and outgoings, this can be done at http://www.stoozing.com/calculator/soa.php, which will provide the information needed for help to be given.

Edit: sorry, crossed with sourcrates' post.

retrac0980

Thanks very much, SOA below.

[tt]Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1400

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 433
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 28
Gas..................................... 32
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 50
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 30
Road tax................................ 17
Car Insurance........................... 140
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 500
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1607


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 1,400
Expenses (including HP & secured debts). 1,607
Available for debt repayments........... -207
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -207

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500

[/tt]

chelseablue

A couple of things stand out, your car is worth £500 but costs you £140 a month to insure?? Are you a young driver?

Does your partner have an income?

iolanthe07

Your car insurance is ridiculously high - I don't pay much more than that for a year. Have you shopped around? Could you manage without a car?

chelseablue

iolanthe07 wrote: »

Your car insurance is ridiculously high - I don't pay much more than that for a year. Have you shopped around? Could you manage without a car?

Good point. I'm 34 and just paid £230 for the year on my 11 year old Nissan

Pixie5740

Are you double counting child maintenance in your SOA? If £225 is being deducted from your salary does the £1,400 include the deduction? If so what are the £500 of child related expenses?

Does your girlfriend contribute financially to the household at all because your SOA makes it look like you pay all the household bills by yourself?

Pixie5740

Internet services at £50 a month seems high.

retrac0980

A few friends have said i'm paying an extortionate amount for car insurance, the area I live in isn't particularly bad, but I don't know. I need a car as my girlfriend is pregnant.

Just looked at another comparison site I can get that down to £100, but still seems a lot still!

My partner isn't entitled to anything as last year I earnt £31k due to the 60hr weeks I was putting in, but this year my wage is nowhere near that but the same deductions are being applied, CSA have contacted my workplace direct and have done their own calculations, but we are in serious danger of being unable to put food on our table.

retrac0980

Pixie5740 wrote: »

Internet services at £50 a month seems high.

KCom - only choice in Hull!