I am struggling

Getoutofdebt

I am struggling with household finance and my debts. Looking to find out what I could change to make things better

Getoutofdebt

I can't work due to depression and ill health. I am sat here alone sobbing my heart out not knowing what to do for the best.

[Deleted User]

Hi,

Didn't want to read and run.

First of all, grab yourself a cup of tea and take a deep breath.

If you can fill in the SOA, I think there is a link at the top of the board. The lovely helpful people on here will help.

Nothing is unfixable xx

-taff

This is the link to the SOA, format for MSE
http://www.stoozing.com/calculator/soa.php


This might be of help too

https://www.moneysavingexpert.com/credit-cards/mental-health-guide/


Then come back and post your SOA, people will do their best to help you.As above, nothing is unfixable.

zippygeorgeandben

What did the doctor say when you went to them regarding the depression? Are you on medication for this?

Getoutofdebt

Yes I am on medication for the depression. Another cost I didn't need

[Deleted User]

Getoutofdebt wrote: »

Yes I am on medication for the depression. Another cost I didn't need

Your health is important, it's not a needless cost. Sending you lots of hugs xxx

Getoutofdebt

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1500
Benefits................................ 550
Other income............................ 0
Total monthly income.................... 2050

Monthly Expense Details
Mortgage................................ 220
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 186
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 0
Mobile phone............................ 8.5
TV Licence.............................. 12.17
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 200
Road tax...............................24.83
Car Insurance..........................58.33
Car maintenance (including MOT)........ 100
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 104
Pet insurance/vet bills................. 0
Buildings insurance..................... 9.83
Contents insurance...................... 0
Life assurance ......................... 20
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 8
Entertainment........................... 0
Holiday................................. 156
Emergency fund.......................... 0
Total monthly expenses.................. 1224.5


Assets
Cash.................................... 2000
House value (Gross)..................... 300000
Shares and bonds........................ 0
Car(s).................................. 19000
Other assets............................ 0
Total Assets............................ 321000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 19000....(220)......4
Total secured & HP debts...... 19000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................17000.....194.7.....0
cc1............................10000.....0.........0
cc2............................10000.....0.........0
cc4............................1800......25........0.5
cc3............................8000......0.........0
Total unsecured debts..........46800.....219.7.....-


Monthly Budget Summary
Total monthly income.................... 2,050
Expenses (including HP & secured debts). 1,224.5
Available for debt repayments........... 825.5
Monthly UNsecured debt repayments....... 219.7
Amount left after debt repayments....... 605.8

Personal Balance Sheet Summary
Total assets (things you own)........... 321,000
Total HP & Secured debt................. -19,000
Total Unsecured debt.................... -46,800
Net Assets.............................. 255,200


Hopefully I have completed this right

marliepanda

On the face of it you have a tonne of equity in your home, and £600 left after making debt repayments in order to make overpayments.

You are not in a bad situation at all, so unless you have missed something out, what is the issue you are having?

Getoutofdebt

I have just noticed I have't put car expenses on or monthly payments for credit cards.
HOw do I change the sheet or do I have to fill it all in again?

Willing2Learn

Hi Getoutofdebt and welcome to the forum

If it's any comfort, you are not alone. Their are many of us who have sobbed our hearts out over life and our debts. The good thing is, is that their are always option, always solutions.

What benefits are currently receiving? How come your medical expenses are so high? Depending on what benefits you receive, you may be entitled to free prescriptions.

Getoutofdebt wrote: »

I have just noticed I have't put car expenses on or monthly payments for credit cards.
HOw do I change the sheet or do I have to fill it all in again?

By clicking on the "Edit" button at the bottom of the applicable post.