Money debt problem.

kiciaaaa1

We are family of 4
Hubby salary 1700
My salary 0
Child benefit 137 a month

Rent 750
Council tax 137
Eon £25 we are in debt of £600
Water £22 a month
Car insurance 108
Car hire purchase 133
Both phones £50
Santander loan £125
Hsbc loan £75 finishing next month
Tv licence £12
Internet £20

We have -250 in capital one
Overdraft of -400 in NatWest
He is paying for bridge crossover £12 every week
He is doing 25miles each way to work so petrol money.
We are paying £50 to repay friend loan...

We are left this month with £280 that’s not included paying 139 for council tax and £75 hsbc loan and £20 internet.
By tomorrow we will be left with £48 and no food or petrol for him to go to work...
He is smoking cigs and I am not sure how much he is spending on it...


He is on UC but as a single person (children included) but we are not getting nothing. I am going to sort it out tomorrow.


Anyone can advise me what to do.

findingthisdifficult

Initial thoughts from me would be:

Is it possible for you to complete an SOA as that will fill in some gaps, currently it feels like there is a lot of information missing?

I don't think you can afford to be repaying the loan to your friend at £50 a month.

Are you able to get a job around the children and your partners work?

Why is he on UC as a single person, do you not live together?

Is the car insurance £108 per month? that is very expensive.

It might be worth doing a spending diary for a month to see exactly where all your money is going, including his smoking etc, I did some quick calculations and based on the limited information you give above, I worked out you would have £282 left but that doesn't take in to account your food shopping and other spends missed out above.

kiciaaaa1

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 0
Benefits................................ 137
Other income............................ 0
Total monthly income.................... 1837

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 208
Rent.................................... 750
Management charge (leasehold property).. 0
Council tax............................. 139
Electricity............................. 25
Gas..................................... 0
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 0
Mobile phone............................ 55
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 100
Clothing................................ 30
Petrol/diesel........................... 100
Road tax................................ 0
Car Insurance........................... 108
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 50
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 60
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1770


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 4000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 6000.....(133)......0<
Friend loan ...................8000.....(50).......0<
Eon debt ......................600......(25).......0
Total secured & HP debts...... 14600.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Capital one ...................250.......25........0
Hsbc loan .....................140.......75........0
Santander loan ................3500......125.......0
Barclays overdraft.............250.......0.........0
NatWest overdraft .............400.......0.........0
Total unsecured debts..........4540......225.......-


Monthly Budget Summary
Total monthly income.................... 1,837
Expenses (including HP & secured debts). 1,770
Available for debt repayments........... 67
Monthly UNsecured debt repayments....... 225
Amount short for making debt repayments. -158

Personal Balance Sheet Summary
Total assets (things you own)........... 4,000
Total HP & Secured debt................. -14,600
Total Unsecured debt.................... -4,540
Net Assets.............................. -15,140

kiciaaaa1

findingthisdifficult wrote: »

Initial thoughts from me would be:

Is it possible for you to complete an SOA as that will fill in some gaps, currently it feels like there is a lot of information missing?

I don't think you can afford to be repaying the loan to your friend at £50 a month.

Are you able to get a job around the children and your partners work?

Why is he on UC as a single person, do you not live together?

Is the car insurance £108 per month? that is very expensive.

It might be worth doing a spending diary for a month to see exactly where all your money is going, including his smoking etc, I did some quick calculations and based on the limited information you give above, I worked out you would have £282 left but that doesn't take in to account your food shopping and other spends missed out above.

He is a new driver 2 years we couldn’t find anything cheaper...

findingthisdifficult

kiciaaaa1 wrote: »

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 0
Benefits................................ 137
Other income............................ 0
Total monthly income.................... 1837

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 208
Rent.................................... 750
Management charge (leasehold property).. 0
Council tax............................. 139
Electricity............................. 25
Gas..................................... 0
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 0
Mobile phone............................ 55
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 100
Clothing................................ 30Are you spending this every month? Could this be cut back to even £20 for bare essentials, I appreciate children grow so quickly!
Petrol/diesel........................... 100
Road tax................................ 0
Car Insurance........................... 108
Car maintenance (including MOT)......... 50
Car parking............................. 0 You don't ever pay for parking?
Other travel............................ 50
The car seems to be costing a ridiculous amount, could public transport work out cheaper for hubby to get to work and back
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0you should have something here really
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 60 again, are you spending this every month, this could be cut whilst you get yourself back on your feet?
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0 you need something here.
Total monthly expenses.................. 1770


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 4000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 6000.....(133)......0<
Friend loan ...................8000.....(50).......0<
Eon debt ......................600......(25).......0
Total secured & HP debts...... 14600.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Capital one ...................250.......25........0
Hsbc loan .....................140.......75........0
Santander loan ................3500......125.......0
Barclays overdraft.............250.......0.........0
NatWest overdraft .............400.......0.........0
Total unsecured debts..........4540......225.......-


Monthly Budget Summary
Total monthly income.................... 1,837
Expenses (including HP & secured debts). 1,770
Available for debt repayments........... 67
Monthly UNsecured debt repayments....... 225
Amount short for making debt repayments. -158

Personal Balance Sheet Summary
Total assets (things you own)........... 4,000
Total HP & Secured debt................. -14,600
Total Unsecured debt.................... -4,540
Net Assets.............................. -15,140

I think maybe it would be best for you to contact citizens advice, they will be able to check that you are claiming everything you are entitled to and may be able to help you with a repayment plan for the debts you have outstanding.

kiciaaaa1

findingthisdifficult wrote: »

I think maybe it would be best for you to contact citizens advice, they will be able to check that you are claiming everything you are entitled to and may be able to help you with a repayment plan for the debts you have outstanding.

He is not paying for the parking is free.
Yeah we can cut on cloths no problem.
We dnt have any emergency fund.
£50 other travel
Is dartford crossing monthly. Need this to get to work.

kiciaaaa1

findingthisdifficult wrote: »

I think maybe it would be best for you to contact citizens advice, they will be able to check that you are claiming everything you are entitled to and may be able to help you with a repayment plan for the debts you have outstanding.

It will cost him £320 a month to travel by public transport. We do not even spend that much on present but it wouldn’t let me put 0 . We do not have contents insurance

elsien

If your husband is being unhelpful with regards to cigarettes, carshare and a slightly baffling single person claim, have you sat him down with this budget so he can see for himself it's not sustainable?

Your priorities have to be rent, food council tax before repaying of any other debt. So you need to check you are maximising your income, stop paying the unsecured debts for now then get help from one of the debt charities as to where to go from there.
And do whatever you need to go make your husband see sense.

Edit - can you also find the APRs for the loans and add those on? What were the loans for - specific items or day to day spending because you were struggling?

jackieblack

In your other thread you said you work one day a week... :huh:

McKneff

How/why is he claiming UC as a single person.

Remember paying council tax is a priority and should be paid before anything else apart from rent

kiciaaaa1

kiciaaaa1 wrote: »

It will cost him £320 a month to travel by public transport. We do not even spend that much on present but it wouldn’t let me put 0 . We do not have contents insurance

McKneff wrote: »

How/why is he claiming UC as a single person.

Remember paying council tax is a priority and should be paid before anything else apart from rent

We had a problem with UC as I am from EU but been here 14 years working for 10
When we both applied they told me I didn’t pass the habitual test because at the time I wasn’t a worker(my daughter was 1year old)I’ve got meeting this week to put me again as join claim.