My Income And Expenditure Help!!

RAS

The web-site only refer to England, Wales and Scotland, but you could ask them where you might get info for NI?

National Debtline - Website: National Debtline Telephone: 0808 808 4000

System

RAS wrote: »

The web-site only refer to England, Wales and Scotland, but you could ask them where you might get info for NI?

National Debtline - Website: National Debtline Telephone: 0808 808 4000

http://www.debtlineni.org/ Perhaps might know

RAS

Go for it.

And thanks for the link - we get a number of NI folk who have to spend forver getting us to nderstadn the differenc ein the situation - like no competing utility companies etc.

other small things


How about getting OH signed up to www.quidco.com and the other comparision sites for cashbacks?

Could she do pay for click and survey sites?

Any chance of either of you doing a few extra hours, even if not regularly?

System

RAS wrote: »

Go for it.

And thanks for the link - we get a number of NI folk who have to spend forver getting us to nderstadn the differenc ein the situation - like no competing utility companies etc.

other small things


How about getting OH signed up to www.quidco.com and the other comparision sites for cashbacks?

Could she do pay for click and survey sites?

Any chance of either of you doing a few extra hours, even if not regularly?

I used to do surveys for Ciao but in 3 months I got £10 which sort of put me off

vandanfc

Looks like it is 6 years for NI too:

http://www.cafamily.org.uk/DebtNI.html

"Has the debt lapsed because of time?

If a debt has been unpaid for many years take advice before contacting the creditor or any debt collector. The debt may no longer be legally enforceable. The law says that most creditors have 6 years to start proceedings against you. However, this is a complex area and you should seek advice if you think it applies to you."

May be a useful site to you.

System

vandanfc wrote: »

Looks like it is 6 years for NI too:

http://www.cafamily.org.uk/DebtNI.html

"Has the debt lapsed because of time?

If a debt has been unpaid for many years take advice before contacting the creditor or any debt collector. The debt may no longer be legally enforceable. The law says that most creditors have 6 years to start proceedings against you. However, this is a complex area and you should seek advice if you think it applies to you."

May be a useful site to you.

All debts are under 6 years

RAS

Defo CCas if they will work in NI. MBNA have a very poor record on them - you are likely to get an Application form back not a proper CCA.

System

Thanks all for your help, I will be busy tomorrow typing out letters

neverdespairgirl

Hi - I've added some comments in red.

nirelandguy wrote: »

Income
My Pay 1.022
Partner 346
Child /B 130
Child Tax 265
Total 1.763

Expense
Rent 480
Electricty 40
Telephone 40
Internet 25
Oil 100 - can you reduce this a bit? More jumpers, lower thermostat?
Sky 20 - bin this, or reduce the BT package, both togeher are expensive.
Car Finance 200
Road Tax 15
Insurance 28
Fuel/Parking 120
Food/Cleaning Etc 300 - you can cut this. For 2 adults, and 2 kids, it's not that hard to spend £200 a month - there are people on the OS board who do it for £100 a month, but that's really hard work!
Tobacco 50 - if you can't give up, roll your own?
Clothing 40 - for the moment, wear what you've got.
Tax Overpament 100
HB Overpayment 40
Social Fund 40
HP Furniture 80
MBNA 20
TOTAL £1758As you can see there is basically nothing left to pay creditors, And if something like a birthday comes up it means somethins isn't paid which In turn snookers something else and so it continues. Our shopping does look high but that includes nappies, baby food, cleaning and toilet stuff along with food.

That should save £150 a month, and once the social fund finishes ( I think you said that's quite soon?) that's an extra £40 a month.

Could either of you do a bit of overtime?

In_Search_Of_Me

nirelandguy wrote: »

Following this http://forums.moneysavingexpert.com/showthread.html?t=748405&highlight=NIRELANDGUY post I have posted my Income and Expenditure, Hopefully someone can help.


Income
My Pay 1.022
Partner 346 can either of you d more hours or get a second job - even shelf stakin in tesco at nghts brings money in...
Child /B 130
Child Tax 265
Total 1.763

Expense
Rent 480any way of getting cheaper housing?
Electricty 40
Telephone 40
Internet 25could prob get this cheaper
Oil 100 what is this for...can u get this cheaper
Sky 20this is a luxury
Car Finance 200
Road Tax 15
Insurance 28not bad but see if comparison sites can get cheaper
Fuel/Parking 120 use the online pricesite to seeif you canget cheaper & see if you can cut down - esp on parking - park further out & walk in? Would it be chaper to use the bus?
Food/Cleaning Etc 300try one of the old style challenges, start making your own bread etc (tastes much nicer!)
Tobacco 50its hard, I know its hard but this has GOT to go. Not only is it killing your lungs but its seriously affecting your budget
Clothing 40charity shops, car boots, ebay...buy essentials only for now...
Tax Overpament 100
HB Overpayment 40
Social Fund 40
HP Furniture 80
MBNA 20
TOTAL £1758

DEBTcan you list the apr's?
ARGOS £740
BOI £1.416
B/HORSE £319
BT £220
CAP'ONE £986
MBNA £3.380
EOS £68
F'INT £712
L'WOOD £726
WELCOME £1500
N'WIDE £522.35
TALK TALK £87
HFC £734
MBNA £1357
M'CROFT £750
You have some choices here...there are some luxuries in the budget at the moment like smoking & sky...your choice at the end of the day! What happened to the DMP that you were on? What was the advice given about that? I do think you need to ring & get up to date advice on ding a formal debt management plan. You can cut down on some things but its going to be tight! The debts arent huge but the amount you have t spare isnt loads either but wil improve when yu cut down. Ideally your partner or you could get more work & increase income & that would do it...It is hard being in debt, no two ways about it but you can do it but it take an innovative approach (ie using freecycle for a battered old sofa rather than going & getting one on HP kind of innovation!)! As for the CC's YOU MUST stop using them. You simply dont have the money! Try & start keeping a bit of your budget & building up an emergency fund for when things go wrong, which they invariably do. Big hugs for you!