newbie

lyndsey151004

oooohhhhhhhhhhhhhh!! it wont paste!!!!

lyndsey151004

Monthly income after tax................ 1030
Partners monthly income after tax....... 1462
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2492

Monthly Expense Details
Mortgage................................ 846.25
Secured loan repayments................. 110.26
Rent.................................... 0
Management charge (leasehold property).. 19.42
Council tax............................. 90
Electricity............................. 46
Gas..................................... 45
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 11.84
Mobile phone............................ 70
TV Licence.............................. 11
Satellite/Cable TV...................... 0
Internet Services....................... 12.98
Groceries etc. ......................... 200
Clothing................................ 50
Petrol/diesel........................... 80
Road tax................................ 302
Car Insurance........................... 26
Car maintenance (including MOT)......... 50
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 440
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 9.89
Contents insurance...................... 12.35
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2493.99

Assets
Cash.................................... 0
House value (Gross)..................... 135000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 137000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 162500...(846.25)...0
Secured Debt.................. 6400.....(110.26)...0
Total secured debts........... 168900....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
credit card n & p..............550.......10........0
credit card m & s..............800.......50........0
credit card rbs................250.......50........0
Total unsecured debts..........1600......110.......-

Monthly Budget Summary
Total monthly income.................... 2,492
Expenses (including secured debts)....... 2,493.99
Available for debt repayments........... -1.99
Monthly UNsecured debt repayments....... 110
Surplus(deficit if negative)............ -111.99

Personal Balance Sheet Summary
Total assets (things you own)........... 137,000
Total Secured debt...................... -168,900
Total Unsecured debt.................... -1,600
Net Assets.............................. -33,500

poorandindenial

[STRIKE]Don't worry, it can be a bit fiddly

You need to click on the format for MSE button first, it is below all the other stuff and is (i think) blue, and to the left of the yellow one for the motley fool.

Then just copy and paste everything below the line in the box that pops up (you may need to specifically allow this if you have a pop-up blocker, this will show in the grey bar at the top of your screen)[/STRIKE]

Ignore me, you have done it!!!!

lyndsey151004

YEAH!!!!!!!!!!!!!! I did it

lyndsey151004

now what do i need to do????

Numpty_Monkey

Well done on SOA:T

poorandindenial

lyndsey151004 wrote: »

Monthly income after tax................ 1030
Partners monthly income after tax....... 1462
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2492

Monthly Expense Details
Mortgage................................ 846.25
Secured loan repayments................. 110.26
Rent.................................... 0
Management charge (leasehold property).. 19.42
Council tax............................. 90
Electricity............................. 46
Gas..................................... 45
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 11.84
Mobile phone............................ 70 (this is high, is this for two mobiles?? If so you may save by going PAYG instead of contract unless you are a high user)
TV Licence.............................. 11
Satellite/Cable TV...................... 0
Internet Services....................... 12.98
Groceries etc. ......................... 200
Clothing................................ 50 (this might have to go on hold for a month or two if you need it to)
Petrol/diesel........................... 80
Road tax................................ [STRIKE]302[/STRIKE] £25.16 (is this the yearly figure?? if so then the new totals I have put in apply)
Car Insurance........................... 26
Car maintenance (including MOT)......... 50
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 440 (is this childcare? can you or your other half get childcare vouchers from work?)
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 9.89
Contents insurance...................... 12.35
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. [STRIKE]2493.99[/STRIKE] £2217.15 (if car tax was yearly)

Assets
Cash.................................... 0
House value (Gross)..................... 135000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 137000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 162500...(846.25)...0
Secured Debt.................. 6400.....(110.26)...0
Total secured debts........... 168900....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
credit card n & p..............550.......10........0
credit card m & s..............800.......50........0
credit card rbs................250.......50........0
Total unsecured debts..........1600......110.......-

Monthly Budget Summary
Total monthly income.................... 2,492
Expenses (including secured debts)....... [STRIKE]2,493.99[/STRIKE] 2,217.15
Available for debt repayments........... [STRIKE]-1.99[/STRIKE] 274.85
Monthly UNsecured debt repayments....... 110
Surplus(deficit if negative)............ [STRIKE]-111.99[/STRIKE] 164.85

Personal Balance Sheet Summary
Total assets (things you own)........... 137,000
Total Secured debt...................... -168,900
Total Unsecured debt.................... -1,600
Net Assets.............................. -33,500

The good news (if my assumptions about car tax are right) is that you have a surplus. Is that what tends to happen or do you find that you have no cash at the end of the month. If it is the latter then you might find that a spending diary is useful, you basically write down every penny you spend and then look back and work out what you need to trim down on (it also helps put you off spending on non-essentials as you know you will be confronted with it again in the future

poorandindenial

lyndsey151004 wrote: »

now what do i need to do????

Just sit tight and let the advice roll in, I have given a couple of suggestions (above) but I am far from a guru on SOAs, others will be able to magic extra cash from thin air.

lyndsey151004

thanks for all your help, i really appreciate it

poorandindenial

When do your 0% deals run out on your credit cards??

Unsecured Debts
Description....................Debt......Monthly.. .APR
credit card n & p..............550.......10........0
credit card m & s..............800.......50........0
credit card rbs................250.......50........0
Total unsecured debts..........1600......110.......-