A new start for an old girl!

Well, it's been a while since I was here - I've set up a new profile as my old one was compromised some years ago but I've been an avid MSE'r for maybe 20 years! Here's the start of my diary to make me more accountable!

I am almost divorced, my two children live with me 50% of the time and I've just moved into a new place so credit cards and savings have taken a hammering. Not to mention legal bills which have more than eaten up any surplus the last few months and will continue to do so for the next few months. 

I have more debt now than I am comfortable with and my new mortgage takes me to age 74 so that needs to go a lot sooner. Over the next couple of years there will be works needed (eg bathroom upgrade) but they are not functionally urgent, though the heating would be good to do before next winter.

Here's my SOA - there are some biggies on here that maybe could be reduced but I have to commute into central London 2 days per week with associated costs and invariably a post work drink or two to catch up with friends on the days I don't have the children. There's new fella dating included in social too, essential for my mental health!  The 0% card is until Jan 2025 so getting as much of this cleared after the expensive card is kind of a priority.

[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......... 1
Number of cars owned.................... 1[b]

Monthly Income Details[/b]
Monthly income after tax................ 2727.88
Partners monthly income after tax....... 0
Benefits................................ 172.9
Other income............................ 0[b]
Total monthly income.................... 2900.78[/b][b]

Monthly Expense Details[/b]
Mortgage................................ 756.1
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 129.16
Council tax............................. 113.8
Electricity............................. 85
Gas..................................... 0
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 0
Mobile phone............................ 8
TV Licence.............................. 13.25
Satellite/Cable TV...................... 0
Internet Services....................... 14
Groceries etc. ......................... 225
Clothing................................ 90
Petrol/diesel........................... 30
Road tax................................ 11.81
Car Insurance........................... 37
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 128.6
Childcare/nursery....................... 0
Other child related expenses............ 70
Medical (prescriptions, dentist etc).... 43.37
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 11
Life assurance ......................... 34.7
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 20
Entertainment........................... 200
Holiday................................. 150
Emergency fund.......................... 50
Mortgage overpayment.................... 25
School dinners.......................... 176
Charity................................. 10
Bank charges............................ 3.5
Childrens savings....................... 20[b]
Total monthly expenses.................. 2577.29[/b]
[b]

Assets[/b]
Cash.................................... 3615
House value (Gross)..................... 339000
Shares and bonds........................ 3500
Car(s).................................. 7000
Other assets............................ 0[b]
Total Assets............................ 353115[/b]
[b]

Secured & HP Debts[/b]
Description....................Debt......Monthly...APR
Mortgage...................... 120999...(756.1)....0[b]
Total secured & HP debts...... 120999....-.........-   [/b]

[b]Unsecured Debts[/b]
Description....................Debt......Monthly...APR
Halifax........................1026.8....5.........26.17
M&S............................5682.55...5.........0[b]
Total unsecured debts..........6709.35...10........-  [/b]

[b]
Monthly Budget Summary[/b]
Total monthly income.................... 2,900.78
Expenses (including HP & secured debts). 2,577.29
Available for debt repayments........... 323.49
Monthly UNsecured debt repayments....... 10[b]
Amount left after debt repayments....... 313.49[/b]

[b]Personal Balance Sheet Summary[/b]
Total assets (things you own)........... 353,115
Total HP & Secured debt................. -120,999
Total Unsecured debt.................... -6,709.35[b]
Net Assets.............................. 225,406.65[/b]

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

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