Frustration of unaffordable rates

2

Comments

  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Perhaps the £903 was for a whole year of vet's bills, and OP didn't divide by twelve. Unlikely that vet's bills would amount to £903 a month!
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • Superscrooge
    Superscrooge Posts: 1,171
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    Good point. I was thinking more of a one off vets bill, than a monthly charge
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    Maybe it's a pet crocodile.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Even with the pet crocodile, you're managing with (ish) your income per month. What's happening to the £800 your OH is earning?
  • John-K_3
    John-K_3 Posts: 681 Forumite
    £11,000 a year on vet expenses for a pet?

    If you want a viable way out of it then I can see a glaring, huge expense that is digging you into a deep hole.
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    £11,000 a year on vet expenses for a pet?

    The OP hasn't been back to clarify, but it surely must be a mistake.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • thriftylass
    thriftylass Posts: 3,981
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    edited 11 April 2018 at 10:37AM
    Household Information[/b]
    Number of adults in household........... 2
    Number of children in household......... 0
    Number of cars owned.................... 0

    Monthly Income Details

    Monthly income after tax................ 2200
    Partners monthly income after tax....... 800
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 3000


    Monthly Expense Details

    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 149.22
    Electricity............................. 112.68
    Gas..................................... 0
    Oil..................................... 0
    Water rates............................. 0
    Telephone (land line)................... 0 nothing?
    Mobile phone............................ 25.54
    TV Licence.............................. 0 nothing?
    Satellite/Cable TV...................... 0 nothing?
    Internet Services....................... 0 nothing?
    Groceries etc. ......................... 101.58 that seems low for two for a month to eat sensibly
    Clothing................................ 10
    Petrol/diesel........................... 0 nothing?
    Road tax................................ 0 nothing?
    Car Insurance........................... 0nothing?
    Car maintenance (including MOT)......... 0 nothing?
    Car parking............................. 0
    Other travel............................ 0 (how do you travel?)
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 34
    Pet insurance/vet bills................. 903.48 (others already asked)
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 29.25
    Presents (birthday, christmas etc)...... 20
    Haircuts................................ 0
    Entertainment........................... 128.98
    Holiday................................. 0
    Emergency fund.......................... 0
    Bank Accounts........................... 22
    Magazines............................... 21.77
    Total monthly expenses.................. 1558.5



    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
    Bank Loan......................5933.83...182.9.....17.5
    Credit Card 1..................7623.34...120.8.....4.5
    Credit Card 2..................7523.21...78........19
    Credit Card 7..................3027.92...0.........0
    Credit Card 6..................900.......8.77......0
    Credit Card 5..................4666.99...46........0
    Credit Card 4..................2290.73...22.91.....0
    Credit Card 3..................7337.89...292.7.....29.9 definitely to one to pay of first

    Good luck. I agree borrowing more at a good rate is unlikely. Try snowballing and chucking every penny (bar minimum payments on the others) into the highest interest rate debt.
    DEBT 09/23: CC 6347 5120, Other 1763 NSDs 0/20 Planned debt free date: Dec 2024
  • Sncjw
    Sncjw Posts: 3,500
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    Surely this isn!!!8217;t a time to start a new business. I think your husband should get a job that will give a steady income to enable you to put money to debts.

    If you have a smartphone you can download and app and pay 7.99 a moth for magazines on your phone it!!!8217;s called Readly and you get hundreds of them to read and also past editions as well.

    The vet bills need looking at does the insurance not pay out? Also entertainment can that be reduced.

    Do you really only spend £25 a week on food shop. Does the amount include top up shops during the week
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment start date 1/3/23.

    Starting balance £66,565.45

    Current balance £63,787.16

  • DCFC79
    DCFC79 Posts: 40,598
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    edited 11 April 2018 at 7:50PM
    OP the debtfree board is the next 1 down from where you fiund the loans board.

    The vet bills must be an error and you forgot to divide by 12.

    I agree your husband needs to get a job. Dont ypu think you should start the business when you dont have these debts ?
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898
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    I think the OP may have had us on.

    No Mortgage/rent payments, no water bills, no tv licence, no internet costs, etc etc but a stupid amount for vet fees.

    Could it be an elephant in the room?
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