Feels like I'm naked

Needcash_3

Hi Everybody,

I joined yesterday and put up my debt plan, but was too scared to put up my SOA .... not because I'm ashamed of it ... more because I've never had my finances scrutinised like this before (so please be gentle with me) !

So here goes .... loads of advice would be appreciated .... I want to clear my credit cards and loan mainly. I do plan to move in to a smaller place in August to cut down on my rent ... this is it for now though ...

Income £2942.54 (£2324.79 salary + 617.75 rental income from my flat - managing Agents take a 10% cut)

Outgoings
Loan (£7k owed) £168.54 Life Assurance £27.47 Powergen (Gas & Elec) £46 Car £172.95 TV licence £11.37 Mortgage £887.09 British Gas Cover £21 Rent £750 Council Tax £89 Gym £56 Water £6.48 TMobile £20 Contact lenses £18.5 Land line £ 15 Sky £19 Annual Bills (Car Service etc) £50 RBS Credit Card (£2000 owed) £50 Me £350 Holidays (to ISA) £50 M&S Credit Card (£900 owed) £100 TOTAL £2908.40

So as you can see, it's not crazily out of control, but it's tight, and I want to make some real progress this year .... up until a few weeks ago I was still running up shoe and clothes bills that I couldn't afford and I constantly carry debt, averaging about £10k per year. I feel like I need to save too at the moment as I need something to fall back on for annual bills like car ins, maintenance charge on my flat etc. Also, in the past I've got so fed up and stressed out that I've ended up taking last minute holidays when I'm almost on my knees and in dire need of a break ... again all on plastic ... ... Have re-mortgaged twice in the last 2 years ... don't want to do that again and next year I would like to overpay on my mortgage for a change ...

Any advice/ suggestions would be appreciated

Thanks

Snaggles

Sorry, have deleted my post on here as I hadn't realised it was a duplicate thread....:doh:

Again...:doh:

Needcash_3

Not doing very well here am I ...

saffronflowers

Income £2942.54 (£2324.79 salary + 617.75 rental income from my flat - managing Agents take a 10% cut)


Rent £750
Council Tax £89
Mortgage £887.09 Could you not move back to your flat
Life Assurance £27.47 Is this the best option available
Powergen (Gas & Elec) £46 Have you checked this is cheapest
TV licence £11.37
British Gas Cover £21 what does this cover
Gym £56 Is this totally necessary
Water £6.48 This seems low
TMobile £20
Contact lenses £18.5
Land line £ 15
Sky £19 Is this vital could it swapped for a freeview box
Annual Bills (Car Service etc) £50
Me £350 What does this cover
Holidays (to ISA) £50

M&S Credit Card (£900 owed) £100 What APR
Loan (£7k owed) £168.54 “ “
Car £172.95 How much is owed, how much is left
M&S Credit Card (£900 owed) £100 What APR
RBS Credit Card (£2000 owed) £50 “ “

SFx

TOTAL £2908.40

saffronflowers

Don't Post On This Thread It Is A Duplicate!!!!!

Needcash_3

Thanks, here are my thoughts ....

saffronflowers wrote: »

Income £2942.54 (£2324.79 salary + 617.75 rental income from my flat - managing Agents take a 10% cut)


Rent £750
Council Tax £89
Mortgage £887.09 Could you not move back to your flat (Needcash: Have moved to a different town, so not really viable at the moment)
Life Assurance £27.47 Is this the best option available (Needcash: Will check)
Powergen (Gas & Elec) £46 Have you checked this is cheapest (Needcash: Yes, but a year ago ... will check again)
TV licence £11.37
British Gas Cover £21 what does this cover (Needcash: maintenance on the flat boiler)
Gym £56 Is this totally necessary (Needcash: No - gonna cancel)
Water £6.48 This seems low (Needcash: Is on direct debit ... )
TMobile £20
Contact lenses £18.5
Land line £ 15
Sky £19 Is this vital could it swapped for a freeview box (Needcash: Have got one, but can't get Freeview signal in my area)
Annual Bills (Car Service etc) £50
Me £350 What does this cover (Needcash: My monthly spends ... food, petrol .. have started to keep a diary)
Holidays (to ISA) £50

M&S Credit Card (£900 owed) £100 What APR
Loan (£7k owed) £168.54 “ “
Car £172.95 How much is owed, how much is left (Needcash: Was £8k a year ago ... car is worth about £9k now)
M&S Credit Card (£900 owed) £100 What APR (Needcash: 4.9%)
RBS Credit Card (£2000 owed) £50 “ “ (0% balance transfer lasting until April this year)

SFx

TOTAL £2908.40

Needcash_3

Okay .. that was my reply .. can we go to the other thread please ...

sorry ... new to this ... doh !

Needcash_3

Please don't post here !!!