Gosh - where do I start???

angelflower_2

donnadoo515 wrote: »

OK,
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 does seem a little high. Have you checked the money back sites as you could get cashback for changing?
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 this needs to be reduced or gotten ridden of until you are able to afford it. Phone them up and you may get a great deal but I would say get rid.
Sky Talk : £5.00 seems really good and suspect its because of the above package - this may then go up if you reduce your sky service. Call the up as if they think you are leaving, you can sometimes get a great deal.
Council Tax: £104.89 (when we start paying again, is it Feb/March time??)Contact the council and spread your ct over the 12 months to allow for better budgeting and a lower monthly cost.
TV Licence - £11.00
Rent - £550
My Mobile Phone 02 - £39.95 can you change tarrifs? Very high
OH Mobile Phone Voda - £25 as above - is this the best tarrif you could be on.
Childcare: £616.76 any way to reduce this? Do you get all the tax credits you are entitled to?
Shopping: - £270 (OMG) :eek: dont know how many kids you have but in region of £150 - £200 is achievable for family of 4.

Travel Costs:
Me: £50.00 (Petrol) where are your car maintenance, tax etc costs?
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.)

No budget for haircuts, going out, xmas/birthdays, childrens school trips, clothing inc school uniforms etc.

Debts

Egg Credit Card – Balance £627 (limit £600) – Currently paying min payment of £15 @ 26.9% APR Very high interest rate. Cut up card and DO NOT USE! Priority to clear off this debt at more than the minimum payment.
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) what is the status here? Have they mentioned ccj? What were you proposing to pay.

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 please explain what this is for?
SSE Energy - £200- repayment offered of £30 starting Jan 08 cant offer to make repayments properly yet until you look at all your debts and come up with a full realistic plan where everyone is given pro rata according to balances.
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 please update the totals here. Another priority to clear as the interest is so so high.

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!!

Ok, so its a great start and I have noted some comments above. Redo the missed out things and post a total you have available for debts every month.

Then we can help you work out what should be paid first and where you can throw any excess too. You may want to speak to CCCS or payplan too as they can help you do this and write to all your creditors.

Glad to see you here!

donnadoo515

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 does seem a little high. Have you checked the money back sites as you could get cashback for changing? Will look into that
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 this needs to be reduced or gotten ridden of until you are able to afford it. Phone them up and you may get a great deal but I would say get rid.
I've just reduced this, i had a deal as i threatened to leave, this is for my internet and tv package and multi room, i cannot leave as am in a new contract
Sky Talk : £5.00 seems really good and suspect its because of the above package - this may then go up if you reduce your sky service. Call the up as if they think you are leaving, you can sometimes get a great deal. This is good as is unlimited calls to UK and oversea's anytime of the day
Council Tax: £104.89 (when we start paying again, is it Feb/March time??)Contact the council and spread your ct over the 12 months to allow for better budgeting and a lower monthly cost.
Will do
TV Licence - £11.00
Rent - £550
My Mobile Phone 02 - £39.95 can you change tarrifs? Very high Only 3 months into contract, not sure i can
OH Mobile Phone Voda - £25 as above - is this the best tarrif you could be on.As Above
Childcare: £616.76 any way to reduce this? Do you get all the tax credits you are entitled to? Long Story behind this, was originally with childminder at £360 per monthm she was very poor which was affecting the little one, Moved to nursery for A) ease of transport (less travelling) b) peace of mind i.e food,education, safety and well being

Shopping: - £270 (OMG) :eek: dont know how many kids you have but in region of £150 - £200 is achievable for family of 4.
Have 1 child, was very shocked when i found out this, spent another £8 today, will be doing something about this!

Travel Costs:
Me: £50.00 (Petrol) where are your car maintenance, tax etc costs? ahh forgot about those!
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.)

No budget for haircuts, going out, xmas/birthdays, childrens school trips, clothing inc school uniforms etc. hmmmm that's obviously where the rest of the money goes and to be honest i don't kno how much i spend on these :rolleyes:

Debts

Egg Credit Card – Balance £627 (limit £600) – Currently paying min payment of £15 @ 26.9% APR Very high interest rate. Cut up card and DO NOT USE! Priority to clear off this debt at more than the minimum payment. Cutting it up now!!
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) what is the status here? Have they mentioned ccj? What were you proposing to pay.
No CCJ, they have asked me to provide them with an SOA to come to an arrangement for payment inc o/d's

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 please explain what this is for?
I put in a cheque to the money shop for £100 and they give me £86 cash - they then cash it a month later - it's basically cash in advance, the reason why it is £125 is because my cheque bouned and they charged £25 :doh:
SSE Energy - £200- repayment offered of £30 starting Jan 08 cant offer to make repayments properly yet until you look at all your debts and come up with a full realistic plan where everyone is given pro rata according to balances.
This was made in December, D/D was set up then, this needs to be cleared before my teancy ends on 8th Feb 08 so may have to pay as a lump sum
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 please update the totals here. Another priority to clear as the interest is so so high.

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

Thanks very much for your help, still feels like i have loads to contend with and the more i look at this the worse i feel :-(

Lemon_Tree

Well done for listing everything. I think you may find keeping a spending diary may help. Not only will you think abou stuff twice before you spend it but you may also find out how much you spend for the hair cuts etc so that you can start tackling them.
I've just spent my advantage points on a hair razor and am planning to start cutting OH hair for him. He's not got money problems but it will save £5 - £6 per cut. Mmmmm maybe i can charge OH and use the income towards some of my debts lol
Good luck and keep plugging away, you need to get your credit card back within it's limit as well, not only will you be charged lots of interest but they'll probably charge you an amount every month on top for being over.
Have you looked into ebaying/ amazoning/ car booting anything which isn't tied down? I made £40 in the space of 3 weeks just before Christmas selling vouchers and dvd's. Not much but it all helps.

alibambino

Well done for all the herd work you have put in, ive just put my SOA on today reading yours was very inspiring

alibambino

Hard not herd oopps

donnadoo515

I feel like givin up already grrrrr.

So it was payday on Friday and my bank account stands at -£35 ok rent is paid as is nursery for the next week but nothing else.
Alliance and Leics are rubbish at their internet banking too, it states that my account is -£35 but not showing allmy upto date transactions this really annoys me.

Now i want to bury my head in the sand again!! i have money coming from OH but i think onces we work out what i owe him and he owes me, we may just end up being square anyway - how annoying!

dancingfairy

Hi. Don't give up - it's always gonna be hardest at the start but you'll get there. Just a couple of things - electric. I didn't notice that on your SOA.
Also does your employer provide childcare vouchers/does childcare place accept them? Would save you a bit of money if they did. Basically the money for childcare istaken out of your income before you are taxed so you get taxed on less and pay less tax - if you see what I mean. How old is the little one? Can you find another parent and see if they will look after your little one for a morning or 2 a week? Grandparents? What about free nursery places - when children reach a certain age aren't they entitled to a couple of free mornings a week or something?

You also appear to have £1832.33 going out monthly which you need to add electric to but could cut down on the food. This gives you £506.51 to pay all your debts off with and to pay for haircuts/birthdays etc.

Good Luck with it all.

Keeping_Positive

Dont give up keep going. Contact CCCS to see if they can help. Lots of people have got help through this site and managed to deal with similar if not worse situations.

Although I know it is hard (Im feeling a bit fed up myself at the moment!) I am sure we will get through it.

mom23

wendy24g wrote: »

Dont give up keep going. Contact CCCS to see if they can help. Lots of people have got help through this site and managed to deal with similar if not worse situations.

Although I know it is hard (Im feeling a bit fed up myself at the moment!) I am sure we will get through it.

Ditto
Don't give up, i did:eek: i came on here in jan 2006 with such good intentions:o and did really well for about 6 months (although i was never brave enough to post an SOA ) and now my debts are a lot more!
I buried my head in the sand and although used the forums for other things i steered clear of the DFW board:o it wasnt untill i was directed from another board to the MOT thread (thanks MOT) that i have now pulled my head out of the sand and intend to do something about it.
Like Wendy i am really fed up at the mo and wish i had stuck with it.
Keep going however hard it seems, i am really going to give it a go this time.
Best of luck
Julie xxxxx

Keeping_Positive

Thanks Julie its seems hard to go one step forward but so easy to go two back but I must keep trying because I really cant increase it again. Im sure our paths will cross on the boards have you found the long haulers thread yet?

Donnado515, with the help of this site and it letting us vent once in a while, Im sure we will get through it.