Not sure how I'm going to get through this!

DCFC79

TheAble said:

DCFC79 said:

What was used for Motonovo Finance ?

Umm... car?

Umm I assumed that's what the HP was for.

TheAble

DCFC79 said:

TheAble said:

DCFC79 said:

What was used for Motonovo Finance ?

Umm... car?

Umm I assumed that's what the HP was for.

Motonovo do car finance.
"Moto". Motor. Car.
Sorry, I just didn't find your post particularly helpful.

elsien

How much UC were you expecting to get - just wondering if new style JSA would be worth looking into? 

BabyStepper

You can check what benefits you might get on www.entitledto.co.uk. Do this quickly and get an application in. 

Your debt is £30k and your budget is £1,350 short every month. Postponing all the debt payments plus your mortgage and car payment will make you solvent temporarily but you need a job, any job quickly. And that is no small task in this economy.

Good suggestions about cutting back costs have already been made, and I'd add you need to cut your food budget in half. £700 for 3 adults and a child is too much. Mobile phones might still be in contract but get them move to sim only as soon as you can. Stop holiday savings, etc. Is the £1k cash your emergency fund? You might need it at some point in the next few months, this is an emergency. 

Let us know how you get on with the benefits calculator. What was your wage before? 

  

MinuteNoodles

If Universal Credit come back and say you're not entitled to anything because of the household income put in a claim for New JSA. Unlike UC New JSA doesn't take into account your partners income and it will be paid based on the last two years NI contributions so as long as you've been in employment over the last 2 years you should get it.

BabyStepper

Any idea how much that might be, MinuteNoodles?

Abbafan1972

Yes, Motonovo is the car finance.
I'm not sure why I put £100 for presents, so scrub that. 
We have a shopping delivery every week from Asda which is a recurring slot and I pay £5.00 a month for unlimited deliveries. Do you think it's worth getting rid of that and just going and getting the shopping, (we live quite close to supermarket, but the deliveries is handy for the bulky stuff). 
The 18 year old is still at college, so no income from them at the moment.
The mortgage is so high, because we have added and added to it over the years, so now we actually owe more than what we borrowed initially, it's shameful I know.  There's 8 years still left on it. 
I did forget to put down Creation finance which is £26.09 a month for a washing machine. 
Haven't heard about New JSA?  As I just thought that UC replaced it.  The child benefit will be going down later this year and we will just get payment for the younger child. 
Yes, I know I need to find a job double quick - I got an interview a couple of weeks ago, but there were other people there at the same time as me for an interview, as they had got so many applicants. 
I will look at hubby's payslip to see what his basic wage is. 
The mobile phones:- mine came to the end of the contract in May, so have already switched to sim only with sky for £10 a month from what was £48.  The next contract to end is in January and the other 2 September 2021.

Mumoffourkids

I do the same with Asda, pay £5 per month and have a recurring slot. I find that I actually spend less by doing online shopping than i do if I were to actually go into the shop. My budget per week is £100 and that is for 7 of us. And also includes nappies for nighttime for the youngest. So I’m pretty sure you can halve your grocery budget.

Abbafan1972

Mumoffourkids said:

I do the same with Asda, pay £5 per month and have a recurring slot. I find that I actually spend less by doing online shopping than i do if I were to actually go into the shop. My budget per week is £100 and that is for 7 of us. And also includes nappies for nighttime for the youngest. So I’m pretty sure you can halve your grocery budget.

My Weekly shop rarely comes under £100, but I will look at getting this down.  Hubby insists on ordering a case of lager every week which is £13 I think.  I did manage to persuade him to get it down to every 2 weeks, but I'm not sure it's working at the moment.  I rarely drink, just have the occasional bottle of wine and a bottle of gin, but one of those lasts me for weeks!

BabyStepper

It sounds like you've been living well above your means for quite a long time. Do you have anything you could sell from the extra money you have added to your mortgage? A quick cash boost would be helpful right now. I know it feels shameful but really, we've all been there and completely understand. The good news is you've realised this can't go on. 

I'd keep the £5 delivery slot. I also save money when I grocery shop online. If the total at the end is too much you can easily go back and adjust. 

Those mobile phone contracts are just sooo long. You could try asking for a reduction but you might need to just wait it out.

Own brand alcohol is worth checking out and can save a fortune. £50 for OH's beer is not possible just now. £100 for the weekly shop, so where does the other £300 per month go? You can easily get this down. 

Update your soa with OH's proper wage and washing machine finance. This needs to be a work in progress until your budget balances. I did a quick google search and JSA is about £74 per week. So that's the worst case scenario you're working towards. With OH's wage and child benefit your monthly income could be around £2k. You'll need to knock around £1k from your budget. 

The car might need to go and be replaced with a much older, cheaper one to get OH to work. But you're not there yet. Keep us posted.