New Start - New Life - New Plan!
Breo
Posts: 44 Forumite
I've just separated from my husband in less than pretty circumstances, and having had some great support and ideas on the main thread thought it best to move to a diary. Hopefully to help keep me accountable, but also to keep me organised too and get more ideas.
Here is my latest SOA:
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2817
Partners monthly income after tax....... 0
Benefits................................ 82.8
Other income............................ 0
Total monthly income.................... 2899.8
Monthly Expense Details
Mortgage................................ 756
Secured/HP loan repayments.............. 47.629999999999995
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 121.5
Electricity............................. 72
Gas..................................... 0
Oil..................................... 0
Water rates............................. 63
Telephone (land line)................... 0
Mobile phone............................ 14
TV Licence.............................. 12.54
Satellite/Cable TV...................... 90
Internet Services....................... 0
Groceries etc. ......................... 150
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 12.68
Car Insurance........................... 34.38
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 874
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 26
Pet insurance/vet bills................. 0
Buildings insurance..................... 11
Contents insurance...................... 0
Life assurance ......................... 50.37
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Professional Union...................... 26.05
Total monthly expenses.................. 2531.15
Assets
Cash.................................... 250
House value (Gross)..................... 220000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 225250
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 160000...(756)......0
Hire Purchase (HP) debt ...... 1238.95..(47.63)....0
Total secured & HP debts...... 161238.9.-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Car Loan.......................3242......216.1.....4.9
Credit Card Debt...............10106.5...102.......0
Total unsecured debts..........13348.5...318.1.....-
Monthly Budget Summary
Total monthly income.................... 2,899.8
Expenses (including HP & secured debts). 2,531.15
Available for debt repayments........... 368.65
Monthly UNsecured debt repayments....... 318.1
Amount left after debt repayments....... 50.55
Personal Balance Sheet Summary
Total assets (things you own)........... 225,250
Total HP & Secured debt................. -161,238.95
Total Unsecured debt.................... -13,348.5
Net Assets.............................. 50,662.55
My Goals:
1) Pay my childcare costs every month without building up any more debt
2) Sell some old baby things to pay off my HP Debt
3) Get back to work and survive until Christmas
Lets go!:j
Here is my latest SOA:
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2817
Partners monthly income after tax....... 0
Benefits................................ 82.8
Other income............................ 0
Total monthly income.................... 2899.8
Monthly Expense Details
Mortgage................................ 756
Secured/HP loan repayments.............. 47.629999999999995
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 121.5
Electricity............................. 72
Gas..................................... 0
Oil..................................... 0
Water rates............................. 63
Telephone (land line)................... 0
Mobile phone............................ 14
TV Licence.............................. 12.54
Satellite/Cable TV...................... 90
Internet Services....................... 0
Groceries etc. ......................... 150
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 12.68
Car Insurance........................... 34.38
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 874
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 26
Pet insurance/vet bills................. 0
Buildings insurance..................... 11
Contents insurance...................... 0
Life assurance ......................... 50.37
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Professional Union...................... 26.05
Total monthly expenses.................. 2531.15
Assets
Cash.................................... 250
House value (Gross)..................... 220000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 225250
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 160000...(756)......0
Hire Purchase (HP) debt ...... 1238.95..(47.63)....0
Total secured & HP debts...... 161238.9.-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Car Loan.......................3242......216.1.....4.9
Credit Card Debt...............10106.5...102.......0
Total unsecured debts..........13348.5...318.1.....-
Monthly Budget Summary
Total monthly income.................... 2,899.8
Expenses (including HP & secured debts). 2,531.15
Available for debt repayments........... 368.65
Monthly UNsecured debt repayments....... 318.1
Amount left after debt repayments....... 50.55
Personal Balance Sheet Summary
Total assets (things you own)........... 225,250
Total HP & Secured debt................. -161,238.95
Total Unsecured debt.................... -13,348.5
Net Assets.............................. 50,662.55
My Goals:
1) Pay my childcare costs every month without building up any more debt
2) Sell some old baby things to pay off my HP Debt
3) Get back to work and survive until Christmas
Lets go!:j
Debt at seperation in October 2017: £15858
Current Debt: £11,081.68
Current Debt: £11,081.68
Pay Off the Bed Challenge £90/1238.95
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Comments
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Hello and welcome aboard
As you'll probably know we are a friendly, helpful and supportive bunch here...
So, join in the community here. Visit folks and post on their diaries.
If you need any info, advice etc just post up and we'll do our best to helpBUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
R.I.P. T.P.0 -
Thank you! Yes Everyone has been extremely supportive, and Im very grateful. Its really making my believe I can do this now :-)Debt at seperation in October 2017: £15858
Current Debt: £11,081.68Pay Off the Bed Challenge £90/1238.95[/FONT]0 -
I'm glad you decided to start your own diary, good luck, you can do this and things will get easier.Change the way you see things and the things you see will change0
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Welcome! Sorry to hear about the break-up...
Another single mum here (older child though), this forum has been really helpful.
Looking at your SOA:- are you getting single occupancy discount for council tax?
- TV quite high
- water rates seem high
- are you not getting any child support from the child's father?
Best of luck!current credit debt Jan-2018 £12000 @ 0% // initial debt Sep-2017 £142000 -
Happy shiny new diary
Sorry about your break up.
Been there & done that.
Thankfully my DS is now an adult.
Satallite seems high at 90 quid?
Can you bring that down a bit?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Are you eligible for child tax credits or do you earn too much?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Hi Breo - so glad that you have decided to keep a diary. The folks on here are really friendly and supportive and will give you lots of good ideas for living within your new tighter budget. They are also good at sending virtual hugs when needed : )
You have done really well so far and have had a great attitude to taking on board the advice you were given on the other thread. I have no doubt that you will get through this and build a great life for you and your little one x0 -
I will be eventually - and thats what I've budgeted for, but I cannot get it yet as he doesn't have a permanent address for me to give to the council people.Welcome! Sorry to hear about the break-up...
Another single mum here (older child though), this forum has been really helpful.
Looking at your SOA:
[*]are you getting single occupancy discount for council tax?
Yup. Some of it is still in contract (the internet and phone line bit) but going to work it out and see what I can do. My only concern is that I won't ever be going out and the TV might be my only form of entertainment, so going to look at cost of things like netflix etc and see what the saving is.[*]TV quite high
Yes - thinking about getting a meter[*]water rates seem high
No - the circumstances are complicated and there will not be any child support.[*]are you not getting any child support from the child's father?
[/LIST]
Thanks for the support xDebt at seperation in October 2017: £15858
Current Debt: £11,081.68Pay Off the Bed Challenge £90/1238.95[/FONT]0 -
Happy shiny new diary
Sorry about your break up.
Been there & done that.
Thankfully my DS is now an adult.
Satallite seems high at 90 quid?
Can you bring that down a bit?
Going to try to - although it includes high speed internet which I am in contract for and need for working at home on an evening/weekend. I'm out of contract in a couple of weeks time for the other bits so going to ring then and see what they might offer.Debt at seperation in October 2017: £15858
Current Debt: £11,081.68Pay Off the Bed Challenge £90/1238.95[/FONT]0 -
Hi Breo - so glad that you have decided to keep a diary. The folks on here are really friendly and supportive and will give you lots of good ideas for living within your new tighter budget. They are also good at sending virtual hugs when needed : )
You have done really well so far and have had a great attitude to taking on board the advice you were given on the other thread. I have no doubt that you will get through this and build a great life for you and your little one x
Thank you - Im trying really hard, and determined to afford the best I can for her. Its not her fault her world has been turned upside down so trying to make things as normal as possible for her. Today has been hard as she has been really asking for him - its been almost 2 weeks and she has done awesome, but today has been hard.
Debt at seperation in October 2017: £15858
Current Debt: £11,081.68Pay Off the Bed Challenge £90/1238.95[/FONT]0
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