I think i need a diary

NeverendingDMP · 4 January 2019 at 9:40AM

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 880
Partners monthly income after tax....... 1200
Benefits................................ 212
Other income............................ 6
Total monthly income.................... 2298

Monthly Expense Details
Mortgage................................ 467
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 135
Electricity............................. 60
Gas..................................... 66
Oil..................................... 0
Water rates............................. 45
Telephone (land line)................... 0
Mobile phone............................ 8
TV Licence.............................. 13
Satellite/Cable TV...................... 55
Internet Services....................... 0
Groceries etc. ......................... 433
Clothing................................ 100
Petrol/diesel........................... 85
Road tax................................ 32
Car Insurance........................... 40
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 235
Other child related expenses............ 22
Medical (prescriptions, dentist etc).... 18
Pet insurance/vet bills................. 0
Buildings insurance..................... 19
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 41
Presents (birthday, christmas etc)...... 85
Haircuts................................ 26
Entertainment........................... 65
Holiday................................. 0
Emergency fund.......................... 30
Haircut ................................ 26
Lisa.................................... 7
Childrens savings....................... 6
Help to save............................ 50
Total monthly expenses.................. 2169

Assets
Cash.................................... 0
House value (Gross)..................... 120000
Shares and bonds........................ 0
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 120800

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 74623....(467)......3.59
Total secured & HP debts...... 74623.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Card not in default............1368......20........0
Debt a.........................1638......5.........0
Debt b.........................2825......0.........0
Debt e.........................11207.....39........0
Debt d.........................7572......31........0
Debt c.........................5081......21........0
Total unsecured debts..........29691.....116.......-

Monthly Budget Summary
Total monthly income.................... 2,298
Expenses (including HP & secured debts). 2,169
Available for debt repayments........... 129
Monthly UNsecured debt repayments....... 116
Amount left after debt repayments....... 13

Personal Balance Sheet Summary
Total assets (things you own)........... 120,800
Total HP & Secured debt................. -74,623
Total Unsecured debt.................... -29,691
Net Assets.............................. 16,486

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

NeverendingDMP · 4 January 2019 at 9:51AM

So think that worked. Gas and electric are combined but i split them in the soa.

We have buildings and contents but its all in the buildings.

Our life insurance is in other insurance section -oops

C tax is over 12 months

Presents and clothing are high i know but ive tracked spends and its a realistic budget with three littles and includes shoes and uniform costs.

I get travel expenses from work. It varies from 20-50 a month but my aim is to try and keep it seperate for a year as car repair/mot fund.

I wrote yesterday to everyone to review my dmp payments. One im not paying as just sent cca letter but this would be 16 a month. The others am hoping will have no choice to accept amounts.

It looks as though from april we will have extra 80-100 in tax credits.

NeverendingDMP · 4 January 2019 at 9:58AM

Tv internet phone etc is all combined. Usual cost is 36 a month but have an extra tv package at moment as a xmas pressie. I put the money given for it in the passport so extra is in my budget to pay for it. Hope that makes sense

beanielou · 4 January 2019 at 6:26PM

You have haircuts in your SOA twice.

NeverendingDMP · 5 January 2019 at 2:13AM

Thats positive news. Means an extra 26 quid is floating about somewhere. Yay.!!!
New budget appears workable.

NeverendingDMP · 3 February 2019 at 3:34PM

So havent been on for ages. Lots of things going on.

Had an eye apt which led to hosp referral and MRI. Ive still got another 8 weeks to wait for the results so the fact i havent been contacted yet means its probably all fine. My eyesight is fine so im not to worried.

I have signed up to an agency to get extra work at weekend. Just waiting on references etc.

I have an interview tommorow. Better hourly rate and future prospects but on average be paid ten hours less a week. Strangely enough my end budget would only be slightly less a week as it would then be less in childcare costs. Seems odd to work less but if and its a big if i can get given hours each week via the agency the future prospects, reduced childcare and extra income would mean we are better off.
All depends on if i get it though.
On the money side of things skint jan is rolling into skint feb but the emergency fund has 174, the help to save has 300 in and the bills and food are covered.

Passport one paid for just need to complete paperwork and send. Passports 2 and 3 hoping to buy over next couple of months.

NeverendingDMP · 4 February 2019 at 8:07AM

I have been given 2 pounds cashback from my bank account. Ive sent it to an account to begin a full and final settlement fund. It will get me down if my dmp takes as long as its currently set for so ive worked out if i send 3 pounds odd a week to a seperate account and leave it untouched then in 4 years i could offer 50 % on the smallest debt to get rid of one. Its a long game but im sure i can squeeze an extra 3 pounds odd a week from somewhere.
All my extra money this year is saving for the wedding trip. Next year it will need to be any still owed and our gutters which are desperately in need. If i can find three pounds odd then i will feel i am at least trying on the debts.
Will ring the agency as well this week to see if they have all the info back yet.

jwil · 4 February 2019 at 10:01AM

Working less and being better off sounds good to me!

[Deleted User] · 4 February 2019 at 10:17AM

Morning Neverending,

I didn't realise you had a diary.

Good luck with your interview today and ringing the agency xx

NeverendingDMP · 4 February 2019 at 1:31PM

Thank you jwil and purple mum of 2. The diary is a new thing as a result of a mad panic when we priced up flights to the wedding. Th flights have been paid for but I will pay it back all be it very slowly.
Just had my interview so need to wait and see now. If i got that job, can get away with only one breakfast club a week and did 4 hours a week via the agency i will be 60 a month better off than doing 4 days a week i do now. Lots of ifs and buts so hopefully if i get it my risk pays off. Im not massively in love with my current job so will be wanting to leave it eventually though.
Been completely spendy though and been to a well known pasty shop for my dinner. Saving starts again tommorrow.

I think i need a diary

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