Advice, asap, please!

kimwp

That's much clearer, great stuff!
My thoughts are,
- building and contents seem on the high side (but may be right, do you use the price comparison websites?)
- Broadband is on the high side, check out the broadband section of MSE when your contract is up
- phone - when out of contract, you can switch to a sim only for much less than £30
- what is the streaming bill?
- what about presents, holidays, entertainment, eating out? 

kimwp

You might find it easier to use an  SOA template:
https://www.lemonfool.co.uk/financecalculators/soa.php

Andyjflet

So i make your outgoings alone £1699.66 ? This is before you save for xmas, birthdays and presents etc ?
I would suggest an accurate SOA before I post anything else, a rough guide isnt going to cut it I'm afraid. 

thenest23

Andyjflet said:

So i make your outgoings alone £1699.66 ? This is before you save for xmas, birthdays and presents etc ?
I would suggest an accurate SOA before I post anything else, a rough guide isnt going to cut it I'm afraid. 

When i say rough guide this is exactly what my outgoings are before any luxuries etc.... the figures i have provided are round up figures etc,  but they are accurate. This is my issie that before any other costs my outgoings outweigh my income. 
Thanks

Andyjflet

thenest23 said:

Andyjflet said:

So i make your outgoings alone £1699.66 ? This is before you save for xmas, birthdays and presents etc ?
I would suggest an accurate SOA before I post anything else, a rough guide isnt going to cut it I'm afraid. 

When i say rough guide this is exactly what my outgoings are before any luxuries etc.... the figures i have provided are round up figures etc,  but they are accurate. This is my issie that before any other costs my outgoings outweigh my income. 
Thanks

So, rather urgently, first thing to do is get this the right way round.
Spend the evening accurately reviewing the figures you have posted, then see where you can make savings. Cancel streaming services, can you find better deals for utility bills ? Do you have any savings at all you can access to clear one of the debts and free up some monthly money ?
Second bit of advice is to increase your earnings, I work 60 hours in my normal joba dn drive for amazon at weekends, this gives me and additional £280 a month to throw at debts / bills. 

kimwp

Oh ok i see! Well the debts are in my name. My responsibility. 

I fully take on board what you are trying to do, but have you thought about the interest you are paying as being money out of the family purse? You haven't put the interest rates yet, but if your partner was to help pay off the loans, you could pay him back, therefore still taking responsibility, but without paying the/so much interest to the lenders. You could use the interest you would have paid to take your partner out for treats to say thank you, into an ISA for your daughter's future or just not have so much debt hanging over you. I am very much a woman who wants to pay my way also, but in a partnership, sometimes one has to lean on the other for a bit, whether it's emotionally, physically or financially, for the family to come out the other side better off.

TheAble

What are the APRs on each of these debts? It would be useful to get a comprehensive SOA, as others have said, in order to get a fuller picture.

RAS

Totally agree.
What is car per year 260? Is this a debt or an annual expense in which case you need to divide by 12?

And there's no evidence of any other vehicle costs like petrol, or tax.

Are you eligible for child tax credits?