Starting again

db2016 · 15 October 2017 at 7:05PM

have you done a SOA, that might help see where cash is going and for anyone to offer suggestions

better_times · 15 October 2017 at 7:50PM

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . 1,140.27
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 0.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 417.65
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
csa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 238.33
CHB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88.83
Pizza work. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173.33

Monthly Expense Details

In Your Home

Mobile phones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90.00
TV licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Home phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.50
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.50
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Council tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84.00
Overdraft cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Bank account fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 377.56
Plumbing/Boiler cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage payment protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and household shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 86.67
Drinks for home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.99

Motoring & Public Transport

Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 216.67
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.12
Car insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.56
Car maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00
Rail/Buses/Taxis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Breakdown cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Debt Repayments

Credit card repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hire purchase repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal loan repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 600.00
Car loan repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Savings & Investments

Pension payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Buying shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cash ISAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump sum saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Family

Pet food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
School trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70.00
Nappies/Baby extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Children's travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby-sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Childcare/Playgroups. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Travel insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Entertainment

Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family days out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big days out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Shopping for fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
IT/Computing (antivirus, etc) . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
DVD rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Drinking out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Clothes, Health & Beauty

Complementary therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Optical bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Beauty treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Healthcare cash plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dental insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private medical insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Work clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New children's clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.33
New clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00

Education & Courses

University tuition fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Big One-Offs

Funeral expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.00
Winter holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.00

Odds & Sods

Newspapers and magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 0.00
Regular charity donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00

Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,058.42

Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,810.90

better_times · 16 October 2017 at 11:21AM

16/10/17

In the bank £340.76
In my purse £47.23
Total £387.99

Tomorrow my CSA money hits the bank, so then I can pay £600 off my loan debt, that will be another huge weight off my shoulders, still need another £162 paid off debts to hit my £800 a month target. I need petrol later and I’m going to be working only for an hour tonight but it will help a bit.

I did my SOA yesterday and I don’t have a lot left each month and the take away money isn’t guaranteed as I am just a back up person if someone wants time off or they don’t turn up.

Tonight's plan:

Sort out living room cupboard and throw all the junk out, I can’t close it properly there’s so much junk in there.
Have a look at the tabletop dishwasher and clean it out so I can stop washing up so much
Put a wash on
Put washing away that was done last night.

I’m off tonight so I might have a potter in the garden too if the weather holds out. I didn’t need milk in the end as I found some UHT in the cupboard so DD is using that, didn’t even know they were in there so I have three to use up.

better_times · 16 October 2017 at 10:01PM

In the bank £340.76
In my purse £47.23
Total £387.99

Tonight's plan:

[STRIKE]Sort out living room cupboard and throw all the junk out, I can’t close it properly there’s so much junk in there.[/STRIKE]
[STRIKE]Have a look at the tabletop dishwasher and clean it out so I can stop washing up so much[/STRIKE]
[STRIKE]Put a wash on
[/STRIKE][STRIKE]Put washing away that was done last night.[/STRIKE]

Didn't work in the end as the person who wanted to leave early didn't need to in the end.

Another NSD :T I can't wait until tomorrow when I can add £600 to my paid off total for the month. I froze the pizza we got last night as I am a bit sick of pizza at the moment, I am going to get chicken shish kebabs with no toppings and freeze the meat for a good few meals from now on so I will always have cooked meat in the freezer for what ever meals I make from it.

I'm going to start eating my way through the freezers etc as I no where for my christmas food at the moment so I will start that.

Well off to bed very tired tonight.

better_times · 17 October 2017 at 9:33AM

17/10/17

In the bank £659.73
In my purse £47.23
Total £706.96

WFTC paid in today of £96.37 and my CSA money of £222.60 this is the highest my bank will be all month, I have paid £600 to my loan so my total so far the month is £638.

After this has been paid I have:
In the bank £59.73
In my purse £47.23
Total £106.96

Debt now stands at £30207.78

I've not done too bad so far, and everything is going in the right direction.

I'm working tonight so by the time I have finished both jobs I will have done 13 hours so I have absolutely no plans to do anything else today, I have 2 HM ready meals out so dinner will be ping and off back to work.

My daughter and me are off on a ghost walk next Sunday it was given to me by a friend for my birthday, I'm really looking forward to it and I'm packing a picnic to eat in the car before hand. It will only cost me a few pound in petrol.

That's all for now.

Scott_Weiland_2 · 17 October 2017 at 9:58AM

Righty the first thing that jumps out at me is 90quid for mobile phones on your soa 1080 py :-(

Can you negotiate that at any time soon? Or look at sim only down the line. The only reason i say this is your disposable income is not a great deal 60-70

better_times · 17 October 2017 at 1:14PM

Scott_Weiland wrote: »

Righty the first thing that jumps out at me is 90quid for mobile phones on your soa 1080 py :-(

Can you negotiate that at any time soon? Or look at sim only down the line. The only reason i say this is your disposable income is not a great deal 60-70

DD's mobile is due for renewal in September, its high as my mum was paying half but she passed away a few months ago, this is one thing that will be looked into once I can renew, she is going to start paying a bit towards it as she has started working at the same take away as me so that will help a bit.

DebtFreeDuo · 17 October 2017 at 1:27PM

That was the first thing to jump out at me too, also where you put £100 for birthdays and Christmas, do you actually put this amount away per month? If not then this money is being spent elsewhere. The petrol/diesel also seems high but I suppose you have to get to work etc. Do you just have a basic broadband connection? This could probably be found cheaper than £25, I've just changed mine and over the year it balances out at around £15 per month for broadband and phone line.

better_times · 17 October 2017 at 1:52PM

DebtFreeDuo wrote: »

That was the first thing to jump out at me too, also where you put £100 for birthdays and Christmas, do you actually put this amount away per month? If not then this money is being spent elsewhere. The petrol/diesel also seems high but I suppose you have to get to work etc. Do you just have a basic broadband connection? This could probably be found cheaper than £25, I've just changed mine and over the year it balances out at around £15 per month for broadband and phone line.

Opps just realised I've put the yearly figure in for Christmas/Birthday glad you spotted it, the petrol is high as I work in the middle of no where and I can't car share no one at work lives anywhere near me and I can't get buses as the nearest bus stop to work is six miles away in a little village.

The £25 is for my home phone and broad band connection, I get free calls to Australia as I have family there and I ring them most weeks I was given a discount from £36 a month and it's fixed for 18 months.

DebtFreeDuo · 17 October 2017 at 1:56PM

I did think it seemed like a lot each year, they can be a little confusing the first time you complete them. so this will give you a further £180 per month that you thought you didn't have which, if the SOA is realistic, can be used to hit your target of £800 towards debt each month.

Starting again

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