spiral of card charges

tastyhog

shez1987 wrote: »

im a person of i want it sorting now n i cant its driving me mad
i need to find £250 before 15th january to get on top of it so need to cut back on something ie food shop maybe. as nothing else i can think of

If you can cut £250 from your food shop over the next 3 weeks then you clearly have bigger issues than this credit card

shez1987

i know realisitically im not going to find 250 before the 15th my weeky shop is 120 per week for a family of 5
im well within budget but its if i miss a payment i cant afford to pay double iykwim

shez1987

i have no payment due this time because i was on maternity for some of the last tax year

Dobbibill

You really need to get the SOA done ASAP.

shez1987

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 720
Partners monthly income after tax....... 1264
Benefits................................ 464
Other income............................ 192
Total monthly income.................... 2640

Monthly Expense Details
Mortgage................................ 432.1
Secured/HP loan repayments.............. 93.75
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 88
Electricity............................. 50
Gas..................................... 100
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 18
Mobile phone............................ 65
TV Licence.............................. 12.37
Satellite/Cable TV...................... 50
Internet Services....................... 0
Groceries etc. ......................... 480
Clothing................................ 0
Petrol/diesel........................... 160
Road tax................................ 39
Car Insurance........................... 103.5
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 36
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 5
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1771.72

Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 92500....(432.1)....4.79
Hire Purchase (HP) debt ...... 5000.....(93.75)....
Total secured & HP debts...... 97500.....-.........-!

Unsecured Debts
Description....................Debt......Monthly.. .APR
capital one....................2500......102.......0
vanquis........................3000......150...... .0
marbles........................300.......25....... .0
littlewoods....................900.......65.75.... .0
safestyle......................810.......82.78.... .0
dfs............................1243......56.5..... .0
next...........................300.......11....... .0
Total unsecured debts..........9053......493.03....-!


Monthly Budget Summary
Total monthly income.................... 2,640
Expenses (including HP & secured debts). 1,771.72
Available for debt repayments........... 868.28
Monthly UNsecured debt repayments....... 493.03
Amount left after debt repayments....... 375.25

Dobbibill

shez1987 wrote: »

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 720
Partners monthly income after tax....... 1264
Benefits................................ 464
Other income............................ 192
Total monthly income.................... 2640

Monthly Expense Details
Mortgage................................ 432.1
Secured/HP loan repayments.............. 93.75
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 88 is this over the usual 10 months - if so change to 12 making it £73.33 a month
Electricity............................. 50
Gas..................................... 100 this is expensive - are you on the best deal?
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 18
Mobile phone............................ 65 this is expensive - how many mobiles are you getting for this - change to SIM only ASAP
TV Licence.............................. 12.37
Satellite/Cable TV...................... 50 this is £600 a yr that you don't have - ditch and get freeview/freesat
Internet Services....................... 0
Groceries etc. ......................... 480 this isn't hugely excessive but check out the old style board to see what you can batch cook to save, make sure you drop a brand challenge and try lidl or aldi if you don't already
Clothing................................ 0
Petrol/diesel........................... 160
Road tax................................ 39
Car Insurance........................... 103.5
Car maintenance (including MOT)......... 0 You never needs tyres, brake pads, wiper blades? there should be something in here
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 36 this is expensive, shop around and use cashback sites like quidco/topcashback
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 5
Presents (birthday, christmas etc)...... 0 did you honestly not buy any of the children any present for Xmas and never buy them for their birthday?
Haircuts................................ 0 do you never have your haircut
Entertainment........................... 0 You never go out, cinema, coffee, meal etc?
Holiday................................. 0
Emergency fund.......................... 0 you are a home owner - there should be something in here
Total monthly expenses.................. 1771.72

Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 92500....(432.1)....4.79
Hire Purchase (HP) debt ...... 5000.....(93.75)....
Total secured & HP debts...... 97500.....-.........-!

Unsecured Debts
Description....................Debt......Monthly.. .APR
capital one....................2500......102.......0
vanquis........................3000......150...... .0
marbles........................300.......25....... .0
littlewoods....................900.......65.75.... .0
safestyle......................810.......82.78.... .0
dfs............................1243......56.5..... .0
next...........................300.......11....... .0
Total unsecured debts..........9053......493.03....-!
Are these really 0%?


Monthly Budget Summary
Total monthly income.................... 2,640
Expenses (including HP & secured debts). 1,771.72
Available for debt repayments........... 868.28
Monthly UNsecured debt repayments....... 493.03
Amount left after debt repayments....... 375.25

This shows you SHOULD have money left after everything. You need to address why you don't. This is a good start but a few amendments are required which would see you with money to throw at the debts.

shez1987

we are on payg gas
we have 3 mobile phones
council tax is over 12 months
tv is a package with internet
buildings and contents together is 36
i dont put away monthly for christmas and birthdays car breakdown or repairs
my friend cuts my hair and we very rarely go out

Dobbibill

shez1987 wrote: »

we are on payg gas
we have 3 mobile phones
council tax is over 12 months
tv is a package with internet
buildings and contents together is 36
i dont put away monthly for christmas and birthdays car breakdown or repairs
my friend cuts my hair and we very rarely go out

you can still do a comparison even on PAYG gas

B&C insurance is still expensive unless you live in a huge house.

You need to consider putting money away for the items you've recognised that you don't currently.

Do you pay your friend - it needs to be accounted for if you do.

when you say rarely go out - take the amount of times you go out a year - divide by 12, this would be the amount that needs to go into that category.

You've certainly got a little bit of wiggle room to make adjustments and get the debts paid down.

Robin9

Dobbibill wrote: »

This shows you SHOULD have money left after everything. You need to address why you don't. This is a good start but a few amendments are required which would see you with money to throw at the debts.

Keep a £1 by £1 spending diary. Record everything.

Sncjw

So what are you spending £300 on that you have left over. I very much doubt all of those credit have 0%. You could clear a couple within a few months if you have £300 left over