Help/advice

Bullyboy20

Hi thank you.
A really want to avoid a dmp if i can
Willing to give up the car to stop this
Grocery's i know i cud cut back abit on this
But this does include nappies and beers wine for the weekends etc. I dont batch cook as me and wife like different foods completely.
Mobiles phones 1 is new 42 the other ends may so defo looking to reduce this.
Water thing is risky cos if its higher which i think it will im
Stuck with that cost.
We have alot of baths in our house like.

Bullyboy20

Well if can change your mind
I will defo do this 100%

Grumpelstiltskin

If you do go on a water meter you will need to watch your water usage.

Not 4 separate baths every day, not putting the washer on for just a few items every day.

Does your wife do surveys at home? See the up your income board.

Bullyboy20

Nope
Tbh a dont think she has ever looked in to this.

Unicorn_cottage

Have you actually spoken to any of the debt charities to talk through your situation? I know you are resistant but you really are in a bad way financially. You need FACTS to make an informed decision. You say you want to get work done on the house but how can you do that without significantly adding to your debt?

Bullyboy20

Maybe in three years time
End morgaged age deal i can remorgage hopefully.
I have savings of 5k but rapidly going down
If things doesn't change.

MallyGirl

Bullyboy20 wrote: »

Hi thank you.
Grocery's i know i cud cut back abit on this
But this does include nappies and beers wine for the weekends etc. I dont batch cook as me and wife like different foods completely.

so batch cook for each of you using basic ingredients - no ready meals. I make a lot of soups as they use stuff up and make good lunches - DH doesn't like my style of soup so he buys the shop ones when on offer which is still much cheaper than a sandwich.
I cook up a big base of 'spag bol' and freeze in various portion sizes - some used to be very small when DD was little. Sometimes it gets eaten as is, sometimes it becomes a chilli, sometimes a cottage pie, sometime lasagne.

Willing2Learn

Bullyboy20 wrote: »

I have savings of 5k but rapidly going down

Maybe I only looked at your SOA too quickly, but I never saw your £5,000 savings listed under assets...

Unicorn_cottage

Bullyboy20 wrote: »

Maybe in three years time
End morgaged age deal i can remorgage hopefully.
I have savings of 5k but rapidly going down
If things doesn't change.

It is crazy to have savings when you have that level of debt. Sure keep some back as an emergency fund but you should be putting a fair chunk of that to your debt.

Willing2Learn

Unicorn_cottage wrote: »

It is crazy to have savings when you have that level of debt. Sure keep some back as an emergency fund but you should be putting a fair chunk of that to your debt.

I agree. I would move £1,500 to my Emergency Fund category and then use the remaining £3,500 to make inroads toward repaying the debts with the highest APR...