Another debt diary

A bit of a monster to get through as I enter my 40's... There will be a drop as my regular tax saver comes through next month, which eats into the % paid of the LBG account the rest of the cards are low interest of interest free - next card to tackle is the Halifax one followed by the Virgin card... Payday is mid month so the OD should clear out. Lots of work ahead though

[font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b]

Monthly Income Details[/b]
Monthly income after tax................ 4945
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0[b]
Total monthly income.................... 4945[/b][b]

Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 1500
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
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)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
charity................................. 5
gym..................................... 60[b]
Total monthly expenses.................. 1585[/b]
[b]

Assets[/b]
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0[b]
Total Assets............................ 0[/b]
[b]
No Secured nor Hire Purchase Debts[/b]

[b]Unsecured Debts[/b]
Description....................Debt......Monthly...APR
halifax od.....................410.......0.........0
HSBC...........................2100......0.........0
Monzo..........................196.......0.........0
tax............................4447......450.......0
hsbc loan......................9940......904.......0
zopa...........................3615......329.......0
Virgin.........................12210.....0.........0
halifax cc 2...................10541.....0.........0
Halifax cc 1...................1785......0.........0
LBG CC.........................3005......0.........0[b]
Total unsecured debts..........48249.....1683......-  [/b]

[b]
Monthly Budget Summary[/b]
Total monthly income.................... 4,945
Expenses (including HP & secured debts). 1,585
Available for debt repayments........... 3,360
Monthly UNsecured debt repayments....... 1,683[b]
Amount left after debt repayments....... 1,677[/b]

[b]Personal Balance Sheet Summary[/b]
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -48,249[b]
Net Assets.............................. -48,249[/b]

[i]Created using the SOA calculator at www.LemonFool.co.uk.
Reproduced on Moneysavingexpert with permission, using other browser.[/i][/font]

Replies

  • laddersnakeladdersnake Forumite
    4 Posts
    First Anniversary First Post
    Newbie
    Name
    Start
    paid

    Overdraft
    3600
     
     
    HSBC loan
    9940
     
     
    Zopa loan
    3615
     
     
    Virgin CC
    12210
     
     
    Halifax 1 CC
    10541
     
     
    Halifax 2 CC
    1785
     
     
    LBG CC
    3520
     
     
    Tax
    4447
     
     
    Total
    49658
     
     
    This is hopefully the max it will be and now come down..... 
  • stokegalstokegal Forumite
    933 Posts
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Forumite
    Following to see how you get on! Good luck!

    Your SOA expenses look a bit bare

    Doea your £1500 rent cover all utilities and council tax?

    Theres also no food, insurances, car etc? 
    LBM - Oct 2020 - £37500
    Currently - £8409
    77% cleared!
  • laddersnakeladdersnake Forumite
    4 Posts
    First Anniversary First Post
    Newbie
    Wrote a large summary and the post disappeared. 
    Shorter summary: Due to savings maturing I managed to pay off a big chunk this month, which wont happen again unless shares get taken over or bonus from company... 
    Overdraft was £3,600 now £2,800
    Loans was £18,002 now £16,368
    Credit cards was £28,056 now £24,411
    LBG account is now 0 rest have a long way to go. Hopefully the OD will come down nicely - I had kept in +ve territory for most of the month (paid tomorrow) and hopefully this trend continues as OD rate is 40% (how the banks can get away with this is amazing.. Amazingly scandalous that is
  • laddersnakeladdersnake Forumite
    4 Posts
    First Anniversary First Post
    Newbie
    stokegal said:
    Following to see how you get on! Good luck!
    Your SOA expenses look a bit bare
    Doea your £1500 rent cover all utilities and council tax?
    Theres also no food, insurances, car etc? 
    Everything for the house comes out of the £1,500 (my partner contributes to the account as well) except for insurance (car and house) 
    Total was £49 658 now £43 579 big dent but still way more to go 
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