Sense check please

ayupmeduck

I'm assuming there is a monthly membership and x private coaching sessions involved in that £500 and maybe some savings for any travel/competing. 

Tryingtofly11

Yes, monthly training costs, national camp training fees, then national comp entry fees, hotel accommodation for said comps, and international training comps, fees and travel costs to those. The latter are subsidised by the governing body but £1000-12000 is still charged each time. You’re right, @fatbelly - it’s better not to go into specifics I think. 

It’s all a bit crippling!

Tryingtofly11

I’ll bring the entertainment budget down. I’d really like to keep the gym for both of us - it’s important for us in many ways.
I’d better bring the holiday budget down as well to account for that 🥴

I’ve written and sent an affordability complaint to Halifax overdraft on the basis that they should have seen that we were hardcore borrowing for nearly 5 years. Not heard back yet. Used the DebtCamel template recommended on here.

Do you think I should be doing that with any of the others? 

Grumpelstiltskin

Seeing as you are £900 plus short per  month, tinkering around the edges is not going to achieve anything

You have to do something quickly you can't keep getting almost £1000 further into debt each month.

bazdvd

if your child is an adult you need to stop paying for their car and insurance and let them stand on their own 2 feet.
From a SOA perspective you cannot afford to support an adult no longer dependent on you.
You internet bill is very high? you could cut this drastically from what you are paying. You must be paying for top speeds. Same with mobile spending, you could go to a sim only plan for a fraction of the cost.
You seem to be trying to live a champagne lifestyle on a lemonade budget. If you dont reign it in now you will be forever in debt.

Tryingtofly11

Will look at other internet providers.
Phones are £10 SIM only for all 4 of us. Could get the kids to pay their own I suppose.

@Grumpelstiltskin - so enact the DMP plan? Stop payments, wait for defaults, pay an affordable amount?

Tryingtofly11

For clarity, one “kid” is at uni, and the other has only just turned 18 - so I guess I don’t think of either of them as being full adult yet….

RAS

Tryingtofly11 said:

For clarity, one “kid” is at uni, and the other has only just turned 18 - so I guess I don’t think of either of them as being full adult yet….

There's a huge gap between the legal and benefit situation and the realities of life and a lot of contradictions in the government attitudes, long term, regarding young adults.

Can vote, marry, enter a legal contract but aren't allowed to claim for sole housing for themselves except in limited circumstances. But parents are expected to subsidise university education, can claim HB for them but not UC, or CB unless they are still in secondary education. 

So young people are half independent with some adult rights and some curtailed by their interdependence on their parents. 

bazdvd

Tryingtofly11 said:

For clarity, one “kid” is at uni, and the other has only just turned 18 - so I guess I don’t think of either of them as being full adult yet….

but in you debtors eyes they are now non dependents so they wont like your income being spent on them when you could be paying your debts with that money.
Not having a dig at you because we all want to help our kids out and i have just got off the phone to my eldest who needs £500 for new tyres lol.
You should only include in your SOA spending related to you and your wife/husband. No kids haircuts, insurance or mobile phone bills etc.
Do the 2 kids contribute to the household? You have not shown anything but are paying for their food and bills.

Best of luck and hope you manage to work things out.

Tryingtofly11

I was under the impression that the SOA was for our own calculations and not the creditors, under a self-managed DMP?