Gosh - where do I start???

dancingfairy

OOooh . I found it here http://http://forums.moneysavingexpert.com/showthread.html?t=154168. Got carried away reading it again! It's amazing how she faced it all with help from everyone on here. It's really inspirational. Good Luck

donnadoo515

will have a read now - thanks very much.xx

donnadoo515

hi hun, the link doesn't seem to be working ?!?

poppy10_2

donnadoo515 wrote: »

hi hun, the link doesn't seem to be working ?!?

http://forums.moneysavingexpert.com/showthread.html?t=154168

donnadoo515

thanks - reading it now.xx

donnadoo515

Ok Everyone, I have made a start on this and it wasn' as hard as i thought however what i am struggling with is, I have our ' Household income' but i pay somethings and my partner pays his own, so basically my debts are mine and OH's are his and we share things that are both of ours

Is it worth my just putting my income and my debts or all income and all debts and just letting you know what we split?

Helllppppp

hypno06

as much info as you can muster - so OH stuff as well if that is to hand.

Always better to face the full picture!!

donnadoo515

OK,

Well, what a day - DP wasn't giving me the full story about his side of money i thought he wa actually quite comfy but no thats not the case so i made him log onto his internet banking today and i scowled through it all.
This is when it came to light that since last payday (28th Dec) we have spent £263.41 at ASDA & Morrisons :eek: :eek: I have got to say we were both extremely godsmacked at this, of course you do not realise this when you are going on the odd day and spending about £20/£30 at a time so we have now agreed to take some action on this as you will see from my SOA.

It's took me a while to get here but here is my SOA!
Apologies as it's only 95% complete but will try and find further info tomorrow, Just wanted to get it on here ASAP as that's how keen i am to deal with all this..
Ok Here goes..

Incomings

My Salary: £960 per month
Partners Salary: £969 per month
Benefits: 409.84

Total Monthly Household Income: £ 2338.84

Outgoings

AA Car Insurance: £53.73
Pipex Internet: £17.70 (Last Payment as have changed providers)
Legal & General House Ins: £11.71 (Last Payment as is for old house)
Endsleigh Home Ins (incs mobile phone) : £12.00
Sky: £42.00 – incs Internet, Sky & Multiroom
Sky Talk : £5.00
Council Tax: £104.89 (when we start paying again, is it Feb/March time??)
TV Licence - £11.00
Rent - £550
My Mobile Phone 02 - £39.95
OH Mobile Phone Voda - £25
Childcare: £616.76
Shopping: - £270 (OMG) :eek:

Travel Costs:
Me: £50.00 (Petrol)
OH: £52.00 – He has just looked into getting a bus pass which will save about £24

Total Monthly : £1861.74 :rolleyes:
(This will be lower in feb as we have 2 houses on the go due to moving – tenancy at old house ends on 8th feb, Rent already paid for this but still has to be insured etc.)

Debts

Egg Credit Card – Balance £627 (limit £600) – Currently paying min payment of £15 @ 26.9% APR
HSBC Loan – Balance £5392.76 – Not paid anything since August now defaulted, unknown (trying to arrange lower payments) 17.9% APR (i think this was over 5 years but not sure now)

HSBC Overdraft 1 - £839.44 18.9% APR
HSBC Overdraft 2 - £902.79 18.9& APR
Money Shop - £125.00 currently paying via Lowell Portfolio £25 monthly
SSE Energy - £200- repayment offered of £30 starting Jan 08
BT - £64.38 Outstanding from old house, paying £40 this month and remainder the next
Next –Balance £359.51 - min payment, this month: £33.90
Littlwoods (Via NDR) - £495.00 > £39 per month

Provident Loans we have decided to list these seperately as we are going to tackle them 1 at a time so that we can see that the balance is being paid off!

Other Half-

£207 – repayment of £9 per week
£117 – repayment of £3 per week
£144 – repayment of £3 per week

Me - Can’t find book at the moment will look for it and update! think mine is the same or more

Total: £9428.88

Unknown Amounts

Water – Just moved from rateable value (fixed amount) to water meter, no idea how much this will be

CHANGES

• DP will be getting a monthly buspass, Saving £24 per month
• Shopping - Will be done Online using discount vouchers and getting only things that we need, and own brand if neccessary!
• Pre-Planning meals (no more takeaways!!!)
• Have had cheaper quotes for car ins so will be looking at changing this

PHHHHHEEEWWWWW

Thank god that is done, I feel a 'small' weight lifted already (and not the 3lb that i lost this week :j ) but that's done now...any idea's, comments, thoughts or suggestions are very welcome
Thanks for reading, sorry it was a long one!!

donnadoo515

Is this ok to understand? i am looking at everyone else's and mine seems to be the most complicated :-s

donnadoo515

is no-one around today?