Im up to my eyes in debt...cannot see a way out!!

boredofbeingathome

Emma768 wrote: »

I feel better already.. I am about to appear really thick though..how do you do this SOA thingy..I am quite bright normally honest!!

There is a link at the the top of the DFW board. You put all your details in save it and it should be ableto be posted. There is also a link for snowball calculator, which is good for debt free date.

donner_kebab

Bob is lovely! Hello bob!

I have just been searching through some threads and come across this...
http://www.makesenseofcards.com/soacalc.html
Not sure how good it is as haven't used it before...I need to do one again really so should give it a go myself!

Basically an SOA is where you list all of your incomings and outgoings, all bills, DD, loans, cards etc and then peeps on here try and advise where to cut back...it is best to list everything though as there is nowt worse than adding everything up and then finding that you have forgotten something! As I have done many a time! xxx

RAS

Emma

You can use senseofcards or use SS own version here http://forums.moneysavingexpert.com/showthread.html?t=107280

boredofbeingathome

And here,
http://www.makesenseofcards.com/soacalc.html

donner_kebab

Also just wanted to say that when I first properly realised what kind of a mess I was in, I felt soooo ill....really bad. I came on here and spoke to everyone who assured me that it was completely normal! So if you start to feel very overwhelmed...don't worry...we are all here for you! xxx

boredofbeingathome

donner_kebab wrote: »

Bob is lovely! Hello bob!

I have just been searching through some threads and come across this...
http://www.makesenseofcards.com/soacalc.html
Not sure how good it is as haven't used it before...I need to do one again really so should give it a go myself!

Basically an SOA is where you list all of your incomings and outgoings, all bills, DD, loans, cards etc and then peeps on here try and advise where to cut back...it is best to list everything though as there is nowt worse than adding everything up and then finding that you have forgotten something! As I have done many a time! xxx

Hello donner, i think we have crossed posts. Yours is much more detailed, thank you. You will be able to give her some great advice hon x

dhassen

I'm sure you'll get something full time eventually, and just remember that every september (for the next 5 years at least) you get a nice, big, fat pay rise. You'll be on over 30K in less than 6 years, assuming you aren't in or near london, and don't take any extra responsibility

Oh and the job gets easier and easier (no i know its still really hard), ask my missis

Scared4future

Hi Emma
I think you posted your first message about a minute after mine... I feel in exactly the same boat as you... so we are both not alone!
Lets hope that very soon we can both start smiling again

x

Emma768_2

I am so not sure that I have done this right but I think that this is my SOA...its like five pages long and really quite scary!!!

Monthly income after tax................ 855
Partners monthly income after tax....... 0
Benefits................................ 600
Other income............................ 150
Total monthly income.................... 1605

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 495
Management charge (leasehold flat)...... 0
Council tax............................. 90
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 20
Mobile phone............................ 30
TV Licence.............................. 24
Satellite/Cable TV...................... 27
Internet Services....................... 0
Groceries etc. ......................... 140
Clothing................................ 20
Petrol/diesel........................... 140
Road tax................................ 10
Car Insurance........................... 19
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 225
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 40
Holiday................................. 50
Emergency fund.......................... 50
Childs hobbies.......................... 30
Total monthly expenses.................. 1625

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 400

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Halifax........................6500......31........0
dlc............................2500......11........0
moorcroft......................1880......11........0
Frendrickson...................900.......5.........0
Benefits Agency................8000......10........0
Malvern Hills Distric..........2000......13........0
Harrison Clark.................500.......13........0
SRJ............................1000......8.........0
Provident......................1500......14........0
Total unsecured debts..........24780.....116.......-

Monthly Budget Summary
Total monthly income.................... 1,605
Expenses (including secure debts)....... 1,625
Available for debt repayments........... -20
Monthly UNsecured debt repayments....... 116
Surplus(deficit if negative)............ -136

Personal Balance Sheet Summary
Total assets (things you own)........... 400
Total Secured debt...................... -0
Total Unsecured debt.................... -24,780
Personal net worth...................... -24,380

Buffythedebtslayer

Hi Emma,

I can't comment on your SOA cos I am still new to all this and rubbish with money! but I just wanted to say hello, I am a history teacher too and I used to do supply - it wasn't bad as jobs go, but a bit unrealiable at times so I see the whole cover assistant thing. annoying tho.

Any how, I thought i say hi you are not alone ( as you can see from the replies) and well that's it really!!

honest some one who makes sense will be here soon

take care

xx