Ok here goes soa

holley

Earnings approx £1,050 per month sometimes slightly sometimes a bit less I'm self employed so it can vary.
Outgoings
Ins house van etc 55
Diesel 50
Water rates 41
Council Tax 120
Tv Lic 11
AOL 17.99 hoping to change to £10 per month
Telephone 20
Gas Elect 100
food 350
Loan cahoot 120
Lloyds 65
credit card repayments 220 if I have enough money!!!:eek:
owe Capital one 3,600
mbna 10,600
cahoot 5,900
lloyds 450
hsbc 870
egg 685
barclaycard 180

I dont smoke drink rarely dont buy new clothes mum does that if I need anything with the job I do I can get away with wearing old stuff I am behind on repayments to Capital one and mbna have asked themn to hold off till I can get sorted but they ignore everything I ask of them, I'm trying to pluck up the courage to ask mum to lend me the money so I can pay them off but I really struggling to admit my problems its not as if I have anything to show for the debt it was just for general living while I set up my business like others on here I lie awake at night worrying about it and have no-one to talk to

Sassamac

Hi Holley, are you living on your own?
The thing that stands out to me is the food bill. Ours is under £150 for a month for two adults, two kids, and two cats, including nappies, toiletries etc.
So unless you have a lot of mouths to feed that can come down a lot.

dearbarbie

Sassamac wrote: »

Hi Holley, are you living on your own?
The thing that stands out to me is the food bill. Ours is under £150 for a month for two adults, two kids, and two cats, including nappies, toiletries etc.
So unless you have a lot of mouths to feed that can come down a lot.

I agree - also, is it me or do you not pay any rent!?

holley

Sassamac wrote: »

Hi Holley, are you living on your own?
The thing that stands out to me is the food bill. Ours is under £150 for a month for two adults, two kids, and two cats, including nappies, toiletries etc.
So unless you have a lot of mouths to feed that can come down a lot.

There are two of us plus his daughter at holidays and weekends and errr I've got 6 dogs 2 cats 1 rabbit and 2 chickens that are included in the food - I dont have to buy eggs thou:D

Sassamac

ive added up your outgoings and its £1170 so a defeceit of £120.
of that £405 is debt repayments which is a high prportion of your income.
what APRs are the CC's? also the limits? what are the total balances on the two loans? could you pay the Cahoot loan off with a CC (barclaycard if its a good rate), then the minimum payment should be less than the monthly loan repayment.

Sassamac

holley wrote: »

There are two of us plus his daughter at holidays and weekends and errr I've got 6 dogs 2 cats 1 rabbit and 2 chickens that are included in the food - I dont have to but eggs thou:D

ah ok. do you have separate finances then? (theres only one income mentioned) how do you split the bills etc.

Gemmzie

Hi Holley, you seem to be missing a few bits from your SOA - rent, car insurance, car tax.

Is it just you? £350 for food is very high if it is

Benthosboy

holley wrote: »

I'm trying to pluck up the courage to ask mum to lend me the money so I can pay them off but I really struggling to admit my problems its not as if I have anything to show for the debt it was just for general living while I set up my business like others on here I lie awake at night worrying about it and have no-one to talk to

Hi Holley.

As a relative newbie on the boards, take it as read that you DO have someone to talk to. Most folk on here, me included, are in the same boat as you and I personally feel very humbled at the stregth and feeling of the responses I've had to my tale of woe :T . Regarding talking to your Mum, swallow your pride and talk to her. There are no finer things in life than a good Mum, (although MSE'ers come close :j ), and I speak from the very recent experience of ending up at my Mum and Dad's, (God knows how!), for a few days after the wife announced she was leaving me. If all your Mum can offer is a shoulder to cry/lean on, it makes the world seem a better place.

Martyn.

CCCS_Alan

Hi Holley

Welcome to the boards and you are in the right place for advice and money saving tips. I can understand that been self employed can be difficult due to fluctuating income, so at CCCS we have now a specialist self employed counselling team to advise people like yourself.
Call our helpline on 0800 138 1111 and they can look at booking an appointment with our specialist team or providing a more appropriate avenue of advice.

Hope this helps

CCCS_Alan

Gemmzie

I didn't know they had a Self Employment team at CCCS, could be very helpful

holley

forgot about van tax - god more money! van insurance incl in insurances other half pays mortgage,
Capital one credit limit £5,000 % is 1.468 whatever that is
MBNA credit limit £11,000 % 1.4566
hsbc " " £1,000
Egg " " £750
Barclaycard " £300
Not sure about the rates on the others