£29,303...Enough is enough!

mark55man

Fair point - cash is designed so you can only spend it once and can't go below 0. CC, debit and epay -not so much

we do have a cash budget for our holiday in a couple of weeks - we'll see how that goes - fingers crossed

Igamogam

Welsh Kitty there is a NCT sale coming up in your area...well I think its your area....great to sell stuff and get bargains for the children- toys books clothes etc. Look out for it on FB 16th March I think in The Bay

WelshKitty85

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1380
Partners monthly income after tax....... 1200
Benefits................................ 546
Other income............................ 0
Total monthly income.................... 3126

Monthly Expense Details
Mortgage................................ 799.3
Secured/HP loan repayments.............. 209
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 160
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 57
Telephone (land line)................... 30
Mobile phone............................ 48
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 0
Petrol/diesel........................... 350
Road tax................................ 50
Car Insurance........................... 25
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 216
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 5
Contents insurance...................... 0
Life assurance ......................... 14
Other insurance......................... 0
Presents (birthday, christmas etc)...... 45
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 100
Total monthly expenses.................. 2485.3


Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 15000
Other assets............................ 0
Total Assets............................ 165000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 140000...(799.3)....4.59
Hire Purchase (HP) debt ...... 9000.....(209)......5.66
Total secured & HP debts...... 149000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................9004.93...200.......0
Hitachi .......................9773.53...226.5.....3.4
MBNA...........................3618.42...50........0
Dad............................1500......100.......0
M&S............................902.03....40........22.9
Total unsecured debts..........24798.91..616.5.....-


Monthly Budget Summary
Total monthly income.................... 3,126
Expenses (including HP & secured debts). 2,485.3
Available for debt repayments........... 640.7
Monthly UNsecured debt repayments....... 616.5
Amount left after debt repayments....... 24.2

Personal Balance Sheet Summary
Total assets (things you own)........... 165,000
Total HP & Secured debt................. -149,000
Total Unsecured debt.................... -24,798.91
Net Assets.............................. -8,798.91

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

WelshKitty85

DH has a new job :j:j:j

The £1200 in my soa is the minimum he should bring home, but he's been told it will probably be a few £100 more. I feel like a weight has been lifted. :j:j

mark55man

well done all!! you're all doing very well

ohdearhowdidthathappen

Amazing news on the new job!

Starmummy

WelshKitty85 wrote: »

DH has a new job :j:j:j

The £1200 in my soa is the minimum he should bring home, but he's been told it will probably be a few £100 more. I feel like a weight has been lifted. :j:j

That is fantastic news WK

enthusiasticsaver

Just caught up on your diary and good to see that your DH now has a job and you got some money back from the car your DH bought.

Bearing in mind that M and S card seems to keep going up and then ge5 repaid then build up again and the interest is high I wonder if you should stop using it for fuel and food? I always found using credit cards when you are on a tight budget tends to cause more problems than it gains in terms of vouchers etc. I am not sure if you use it to buy other stuff but psychologically buying on plastic is a lot easier than buying in cash so it make you think twice before spending.

WelshKitty85

Thank you all.

We don't use the M&S Card for shopping. We spent on it in December for car expenses and house emergencies. We should be able to clear it fairly quickly between DHs overtime, TCB, surveys, and selling. We have an additional card that we use for shopping but I don't count that in my soa as it is always cleared.

WelshKitty85

Unsecured Debts

Barclaycard.................£9004.93
Hitachi .......................£9773.53
MBNA..........................£3568.42
Dad............................£1500
M&S...........................£902.03
Total unsecured debts..........£24748.91