New plan

Scared1980

Hi Guys...

Haven't posted in a while... been sorting bits out...

We have sold our house and are now renting... we have paid off the secured loan and the Charging order... so the two biggest ones are gone :j

However... I still have roughly £9k to get rid of and my OH has about 15k

So... I was wondering if you lovely people could give me some pointers as I really want the rest gone with the next 18 months.

Thanks in advance guys

Lyns
x

dotstar24

:j Bump!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MissEyre

Hi there,

Sounds like you've made brilliant inroads into your debts Have you done an SOA recently? If you post one, I'm sure there will be lots of advice to help you clear the rest of the debts...x

Scared1980

Income
Child Benefit £118.70
Tax Credit £200
My Job £1,262.80
His Job £1,100
Total £2,681.50

Expenditure

o2 Mobile £35.00
Gas & Electric £45.00
His Life Insurance £13.67
My Life Insurance £10.10
Water Board £18.00
Virgin (TV, Phone and B/Band) £40.00
Rent £1,000.00
Council Tax £150.00
TV License £11.37
Car Insurance £28.63
Contents Insurance £20.00
Food Shopping £200.00
My Petrol £120.00
My Car Tax £15.00
My Car Service and MOT £20.00
My Tyres W&T £15.00
Childcare £600.00
Clothing £15.00
Birthdays and Christmas Pot £30.00
Total £2,386.77

Total Income £2,681.50
Total Expenditure £2,386.77
Whats Left....£294.73

Updated SOA.... the gas/electric are estimated as I haven't been in the new place a month yet!

Any advice gratefully recieved.

(My phone is in contract for another 6 months).

Any suggestions gratefully recieved.

Thanks for the comments so far :0)

Lyns
x

Welshlassie

Scared1980 wrote: »

Income
Child Benefit £118.70
Tax Credit £200
My Job £1,262.80
His Job £1,100
Total £2,681.50

Expenditure

o2 Mobile £35.00
Gas & Electric £45.00
His Life Insurance £13.67 Could you look at getting this together, might being it down
My Life Insurance £10.10
Water Board £18.00
Virgin (TV, Phone and B/Band) £40.00 - can you reduce this at all, I though 3 from Virgin was £30
Rent £1,000.00
Council Tax £150.00 - Is this over 10 or 12 months
TV License £11.37
Car Insurance £28.63 Is this the lowest it will go?
Contents Insurance £20.00 Again is this the lowest
Food Shopping £200.00,
My Petrol £120.00 - Can you reduce this in any way, public transport, walk, use loyalty cards when buying
My Car Tax £15.00
My Car Service and MOT £20.00
My Tyres W&T £15.00
Childcare £600.00 - Can this be reduced at all, do work offer childcare vouchers??
Clothing £15.00
Birthdays and Christmas Pot £30.00
Total £2,386.77

Total Income £2,681.50
Total Expenditure £2,386.77
Whats Left....£294.73

Updated SOA.... the gas/electric are estimated as I haven't been in the new place a month yet!

Any advice gratefully recieved.

(My phone is in contract for another 6 months).

Any suggestions gratefully recieved.

Thanks for the comments so far :0)

Lyns
x

Have left comments against some things. Well done on getting to where you have. Keep it up.

What about yoru debts how much of those are you paying off with what is left over? Is that really what you have left over???

Scared1980

Thanks for the reply...

I will look at changing the life insurance to joint...

Virgin is under contract and my work contribute £20 as I use the broadband and phone for work, so really I suppose its only £20!

Council Tax is over 10 months as the "free months" come in handy after Christmas.

Will double check my insurances as I haven't searched round for a while...

I've just applied for a petrol card thing so that might help with the petrol... unfortunately I can't walk much as I drop my two girls off at the childminders and then straight to work... I have to be in work for 7:30 so I can't really walk as it would mean leaving home about 45mins earlier.

Unfortunately my work don't offer childcare vouchers :0(

Thanks again for the comments I will do some comparisons online tonite!

Lyns
x

Scared1980

Hi guys...

Just wanted to share a little bit of news....
My work have accepted my extended hours application :j thats going to be an extra £200 p/m.... yeah!

So that should help get those debts payed off quicker....

I had a look at my car insurance and all the quotes I got back were higher that what I currently pay so no savings to be made there!

I get free evening and weekend calls on my home phone... stupid question but when they say "evening" is that 6pm or 7pm???

Lyns
x

Welshlassie

Scared1980 wrote: »

Hi guys...

Just wanted to share a little bit of news....
My work have accepted my extended hours application :j thats going to be an extra £200 p/m.... yeah!

So that should help get those debts payed off quicker....

I had a look at my car insurance and all the quotes I got back were higher that what I currently pay so no savings to be made there!

I get free evening and weekend calls on my home phone... stupid question but when they say "evening" is that 6pm or 7pm???

Lyns
x

Congrats on the extended hours, it all helps

If your not sure ask regarding the evening calls, I think ours is 6pm, but your best reading your T&Cs or asking.

CCCS_Alan

Hi Scared1980

Good move with the house as many people find it difficult to take this step even when it benefits them greatly. Good news about the job as well.

Looking at what you have in your SOA though your rent does seem very high at £1000, if you could find cheaper you may be able to pay your debts off a lot quicker getting you to your Debt Free goal that little bit sooner.

Regard the best way for you to reach your goal you can try our online advice facility called Debt Remedy where you can complete a financial statement and be provided with advice on the best way to deal with your situation.

Good luck and keep us informed how things are going.

CCCS_Alan

Fur156

Hi Scared1980.

With reference to car insurance..... don't forget to phone up and haggle.
Like Martin says " There is no such thing as a fixed price with insurance "
I did this and saved over £200 pounds on qouted price.

Give it a try, you have nothing to lose but possibly money to save.

All the best.

fur

sammiboo

Hi there scared,

AS mentioned is there anyway you can get your rent reduced? Maybe opt for something smaller, it seems like you are paying a lot in rent.