SOA - Finally got the lightbulb moment

Pontebantam

Afternoon all - finally decided to sit down and get this lot off my chest before things get worse... SOA first :

Wages£2,250.00£2,250.00F. Allowance-£412.00£2,662.00Smile Loan£230.00£2,432.00Mortgage£590.00£1,842.00Food£300.00£1,542.00Landline£16.00£1,526.00Electric/Gas£90.00£1,436.00Mobiles£45.00£1,391.00Council tax£102.00£1,289.00Internet£17.99£1,271.01CDCA£30.00£1,241.01Louise£160.00£1,081.01Diesel£120.00£961.01Nursery£120.00£841.01Mum n Dad£350.00£491.01Smile C Card£138.44£352.57Halifax C Card£172.00£180.57M&S C Card£113.00£67.57MBNA C Card£85.00-£17.43Savings£25.00-£42.43Sharesave£50.00-£92.43Insurances£85.00-£177.43Kirsty Fund£40.00-£217.43TV Licence£11.00-£228.43CTF's£50.00-£278.43Sofa£38.50-£316.93Pension£25.60-£342.53Water
£18.00-£360.53

So - am in the smelly at the moment !

Smile Loan10749Smile6922MBNA4270Halifax8600M&S4543

Total £35084 :eek:
M&S life of balance (3.49% or something silly)
Smile at 11.9%
Halifax at 5.9% life of balance
MBNA to be confirmed
Mum n Dad is for money lent to us in the past
Smile loan at 8% or so
CDCA is wife's old outstanding debt from before we met
Mortgage is in redemption period until 2009 at 5.99% currently (fixed and interest only)
Elec/Gas is on a dual fuel with E.On (powergen originally) - will take a look at this but usage at moment relatively high due to having two small children.
Sofa was 3 years 0% finance (in first year still)
Nursery is for each Thursday, pay a friend £30 to look after them during the day whilst both at work.
Insurances are for car and house
Landline/Internet should reduce a little as gone onto TalkTalk but need to check bill (at work now)

What else... well we have two cars, Louise has one to get to work in Leeds, I need one as I travel in my job...now before anyone laughs too much, I recently qualified as an IFA but i'm not on a great salary yet and no idea how long that will be! Wife selling various things on eBay but can't rely on that (kids clothes are going)

Been struggling for years to get this lot sorted out, for my children's sakes more than anything. Need a fresh pair(s) of eyes to offer some guidance.

Am looking at removing the savings (pointless) and reducing the food bill from £75 a week to £50 a week.

Anything and everything would be appreciated, CTF's are for the kids, don't want to stop them if possible, but will do if needed (rather they have a roof over their heads now then money to spend later on in life)

I'm prepared to do pretty much anything to turn this around - even sell a lung !

Vinny

tyllwyd

Hi Vinny - sorry you haven't got any replies - I think it would probably help if you went back and edited your original post because it has lost all its formattting and is very difficult to read.

Gorgeous_George

Pardon me if I may help. Feel free to cut and paste and I'll remove my post.

Wages..............£2,250.00...£2,250.00
F. Allowance........-£412.00...£2,662.00
Smile Loan...........£230.00...£2,432.00....8% ish
Mortgage.............£590.00...£1,842.00...5.99% fixed to 2009 (IO)
Food.................£300.00...£1,542.00
Landline..............£16.00...£1,526.00
Electric/Gas..........£90.00...£1,436.00
Mobiles...............£45.00...£1,391.00
Council tax..........£102.00...£1,289.00
Internet,,,,,,,,,,,,,,£17.99...£1,271.01
CDCA..................£30.00...£1,241.01
Louise...............£160.00...£1,081.01
Diesel...............£120.00.....£961.01
Nursery..............£120.00.....£841.01....£30/day. One day per week
Mum n Dad............£350.00.....£491.01
Smile C Card.........£138.44.....£352.57...11.9%
Halifax C Card.......£172.00.....£180.57....5.9%
M&S C Card...........£113.00......£67.57....3.49%
MBNA C Card...........£85.00.....-£17.43......tbc
Savings...............£25.00.....-£42.43
Sharesave.............£50.00.....-£92.43
Insurances............£85.00....-£177.43....car and house
Kirsty Fund...........£40.00....-£217.43
TV Licence............£11.00....-£228.43
CTF's.................£50.00....-£278.43
Sofa..................£38.50....-£316.93.....0% 2+ years remain
Pension...............£25.60....-£342.53
Water.................£18.00....-£360.53


So - am in the smelly at the moment !

Smile Loan...10,749
Smile.........6,922
MBNA..........4,270
Halifax.......8,600
M&S...........4,543

Total £35,084 :eek:

Vinny

oops_a_daisy

this was a double post - he got replies on the other thread