My God, has my life changed

edited 22 June 2018 at 3:16PM in Debt free diaries
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vintagegirlvintagegirl Forumite
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edited 22 June 2018 at 3:16PM in Debt free diaries
I have been in debt for my whole 20s and a single mum.
Now in the last 8 months, I met the love of my life on Tinder, got engaged, travelled the world and bought a house that we moved into.
we were paying a fortune in rent and now have a mortgage that's so cheap as a starter house.
I am ridiculously happy.
we borrowed £12k from family to put down a deposit and cleared any credit cards we had.
I was clearing mine anyway and my boyfriend didn't really have any so we bought everything we needed and are paying it back at £500 a month interest free.


I want this to be cleared a lot sooner, and we don't have to make any payments until September as we are going to USA before then but I want to start this month so we are ahead and any extra, put it in.
this is a joint soa but we keep our finances separate apart from the joint bills.


Statement of Affairs and Personal Balance Sheet
Household Information

Number of adults in household........... 3
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details

Monthly income after tax................ 1670
Partners monthly income after tax....... 1727
Benefits................................ 0
Other income............................ 80
Total monthly income.................... 3477

Monthly Expense Details

Mortgage................................ 244
Secured/HP loan repayments.............. 613.75
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 116
Electricity............................. 28
Gas..................................... 28
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 135
TV Licence.............................. 0
Satellite/Cable TV...................... 77
Internet Services....................... 0
Groceries etc. ......................... 303.33
Clothing................................ 0
Petrol/diesel........................... 140
Road tax................................ 16.62
Car Insurance........................... 23.44
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 247.1
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 22
Contents insurance...................... 0
Life assurance ......................... 40.77
Other insurance......................... 0
Presents (birthday, christmas etc)...... 86.15
Haircuts................................ 0
Entertainment........................... 160
Holiday................................. 0
Emergency fund.......................... 0
ICLOUD STORAGE.......................... 4.98
SAVINGS................................. 400
gym..................................... 20
Total monthly expenses.................. 2731.14


Assets

Cash.................................... 0
House value (Gross)..................... 65000
Shares and bonds........................ 0
Car(s).................................. 1
Other assets............................ 0
Total Assets............................ 0


Secured & HP Debts

Description....................Debt......Monthly...APR
Mortgage...................... 58500....(244)......2.94<
FAMILY LOAN....................12000....(500)......0<
TV.............................579.99...(47.75)....0<
COUCH..........................2298.....(66).......0
Total secured & HP debts...... 73377.99..-.........-

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


Monthly Budget Summary

Total monthly income.................... 3,477
Expenses (including HP & secured debts). 2,731.14
Available for debt repayments........... 745.86
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 745.86

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -73,377.99
Total Unsecured debt.................... -0
Net Assets.............................. -73,377.99

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

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