Time to start a Fresh part 2, 2022!

BlueJ94

Morning @MrFrugalFever

I did post a SOA a while ago, not done once recently. I will get one posted tonight as I need to check my finances anyways.

I agree, 5k is a small debt. I think I've got back into the old habits of not tracking my money and just wasting it. I've seen sainsburys as a second income and in my brain just thought "oh money"

Main job £9.60 - £1304PM
Sainsburys £9.50 - Average £500PM

I know you're not ranting at me but I do need to get a better SOA. I will do this tonight. It will definitely give me a clearer view of outgoings etc. I know households bills etc are around £600PM. My OH pays towards the bills yes.

You've also reminded me, I need to shop around for better pet insurance!

Thanks for the little kick up the bum, even if not intended. x

BlueJ94

Oh also, it's 14 hour days I just couldn't count

EssexHebridean

I'm very glad to hear it's 14 hours days not 19 - still too long to be ideal - but definitely better than the alternative! 


I think doing a new SOA is definitely a good idea - we all need to go back over things from time to time and track down the oddments that tend to creep up over time. 

FootyFanDan

haha must admit I saw 19 hours and thought yikes I thought my working pattern sucked! I think as long as your content with how things are and assuming this isn't a long term fix its a do-able thing provided it is giving you the debt pay-off in return. I agree with Frugal too you have to also try enjoy life too and create memories. I think sometimes I struggle with reminding myself of this though too so can't really preach haha. 

A budget review is always a opportunity to re-focus.

GinoOhGinoGinelli

How lovely to be near the mountains  

I think I'm subscribed now and have my fingers crossed for you getting made permanent at Sainsburys!

BlueJ94

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

Household Information[/b]

Number of adults in household........... 2

Number of children in household......... 0

Number of cars owned.................... 3[b] (one is mine, others are OH)

Monthly Income Details[/b]

Monthly income after tax................ 1304

Partners monthly income after tax....... 0

Benefits................................ 0

Other income............................ 522 (this is without any over time, sometimes it can be £700 with overtime[b]

Total monthly income.................... 1826[/b][b]

Monthly Expense Details[/b]

Mortgage................................ 0

Secured/HP loan repayments.............. 0

Rent.................................... 150 (OH pays the other half, total is £300)

Management charge (leasehold property).. 0

Council tax............................. 117

Electricity............................. 0 (OH Pays)

Gas..................................... 0 (OH Pays)

Oil..................................... 0

Water rates............................. 42

Telephone (land line)................... 0

Mobile phone............................ 52 (this is for iPad which runs out soon and the phone is on a SIM only contract)

TV Licence.............................. 13

Satellite/Cable TV...................... 0

Internet Services....................... 27

Groceries etc. ......................... 130

Clothing................................ 30

Petrol/diesel........................... 160 

Road tax................................ 26

Car Insurance........................... 55

Car maintenance (including MOT)......... 30

Car parking............................. 0

Other travel............................ 0

Childcare/nursery....................... 0

Other child related expenses............ 0

Medical (prescriptions, dentist etc).... 30

Pet insurance/vet bills................. 84 (need to find a better insurance, so high due to he's a Frenchie)

Buildings insurance..................... 0

Contents insurance...................... 0

Life assurance ......................... 0

Other insurance......................... 0

Presents (birthday, christmas etc)...... 40

Haircuts................................ 0 I do these myself

Entertainment........................... 16.99

Holiday................................. 0

Emergency fund.......................... 4.04 (im working on building this up)[b]

Total monthly expenses.................. 977.03[/b]

[b]

Assets[/b]

Cash.................................... 0

House value (Gross)..................... 0

Shares and bonds........................ 0

Car(s).................................. 1000

Other assets............................ 0[b]

Total Assets............................ 1000[/b]

[b]

No Secured nor Hire Purchase Debts[/b]

[b]Unsecured Debts[/b]

Description....................Debt......Monthly...APR

118 ...........................1980......20........0

SafetyNet......................350.71....80........0

aqua...........................400.......10........0

FiveLamps......................740.......10........0
Likely Loans.........830...10.....0

vanquis .......................340.......20........0[b]

Total unsecured debts..........4640.71........-  [/b]

[b]

Monthly Budget Summary[/b]

Total monthly income.................... 1,826

Expenses (including HP & secured debts). 1,016.04

Available for debt repayments........... 809.96

Monthly UNsecured debt repayments....... 140[b]

Amount left after debt repayments....... 669.96[/b]

[b]Personal Balance Sheet Summary[/b]

Total assets (things you own)........... 1,000

Total HP & Secured debt................. -0

Total Unsecured debt.................... -3,810.71[b]

Net Assets.............................. -2,810.71[/b]

Ok, so you can see I have £669.96 left over but I've had to get a whole new set of tyres of my car beginning of this month that set me out at £256. 

I also don't inclue my OH in the debt as it's MY debt, we pay half of the house hold bills each.

Parkyp

Hi Jade, 
Could sainsburys wage get put into a different account, that might help you keep it separate for paying debts and emergency fund. 

BlueJ94

Parkyp said:

Hi Jade, 
Could sainsburys wage get put into a different account, that might help you keep it separate for paying debts and emergency fund. 

@Parkyp

I recently opened a Starling account, so my plan is to set up a savings goal in there and put Sainsburys wage in to that account

Parkyp

You’re one step ahead lol, I think you’ve just hit a wee blip over the Christmas season. You’ll be back on track before you know it.

I Really like starling account for the different goals you can create. 

BlueJ94

Parkyp said:

You’re one step ahead lol, I think you’ve just hit a wee blip over the Christmas season. You’ll be back on track before you know it.

I Really like starling account for the different goals you can create. 

Haha, I think it was you who mentioned it to me before. So I set one up and forgot to use it

Yes, I think so also! I'm hoping sainsburys keep me on (fingers crossed) then I can pay my debts quicker and then eventually leave my main job!