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My monthly income - £1,620
Monthly Outgoings:
Mortgage/Rent - £700
Car Finance - £200
Council Tax - £165
Electric - £26
Water - 16
TV License - £12
Broadband - £16
Phone - £40
Food - £120
Car Insurance - £60
Car Tax - £12
Overdraft Fees - £45
Total: £1,412
Overdraft Amount - £4513/£5000
Amount Remaining - £208
Originally posted by JB1991
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The figures quoted for rent, council tax, water, electric, TV license and broadband - are these the total costs or just your share? Council tax for example looks like it may be the full amount. Does your OH contribute fairly to these costs?
The amount you are paying for you car is a burden considering your income and other expenses. If you are not tied into something like a PCP deal considering changing to a cheaper car. Your car insurance seems very high - why?
Also, you have missed a whole bunch of expenses off your SOA unless you never take holidays, have no contents insurance, never have a haircut, do not socialise, do not buy clothes etc etc etc. If you are not realistic with your budget you'll never be able to sort your finances out.