DRO or DMP?
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Here you go:
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 3
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1345
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1345
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 410
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 43
TV Licence.............................. 12.83
Satellite/Cable TV...................... 6
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 50
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10.5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 10
Total monthly expenses.................. 1002.33
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
TSB Overdraft..................1000......15........1.52
TSB CC.........................3180......87.67.....23.95
TSB Loan.......................2872.36...132.......12.9
Barclaycard....................6995......152.......26.93
Close Bros.....................550.......18.42.....0
Lendable Loan..................774.......40.93.....NaN
Capital One....................1654......54.97.....NaN
Aqua Card......................2331......118.1.....NaN
JD Williams....................120.......10........55%
Monzo Overdraft................750.......15........0
Total unsecured debts..........20226.36..644.09....-
Monthly Budget Summary
Total monthly income.................... 1,345
Expenses (including HP & secured debts). 1,002.33
Available for debt repayments........... 342.67
Monthly UNsecured debt repayments....... 644.09
Amount short for making debt repayments. -301.42
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -20,226.36
Net Assets.............................. -20,226.36
Thanks0 -
No council tax?
No water?
Can you explain your living set-up as 3x adults but the outgoings don't tally a flat share or living with family
Mortgage started 2020, aiming to clear it in 2026.0 -
Sorry, just to clarify that though three of us live under 1 house, only two work. I pay Gas, Electric + Rent and my sister pays the Council Tax, Landline, Broadband, Water and Overdue Council Tax payments0
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what does the £10-50 medical cover? If prescriptions, a prepayment certificate may work out cheaper.
https://www.nhsbsa.nhs.uk/help-nhs-prescription-costs/prescription-prepayment-certificates-ppcs0 -
Yep, it's a pre-payment for 12 months.0
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Hi guys, don't know whether I should open a new thread or just continue here but I've been doing some reading across the forums and I would like to start building an emergency fund. I was wondering how I should do this. I already have a basic bank account that's empty so do I write/contact all creditors using the holding letter and suspend all direct debits? or do I arrange token payments with them from the get go. I've also used the SC tool and have created a basic I+E but ideally would like 2-3 months to build a small emergency pot. Any advice would be appreciated, thanks!0
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