Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • allthe7s
    • By allthe7s 17th May 18, 4:44 PM
    • 116Posts
    • 441Thanks
    allthe7s
    huge mouse problem
    • #1
    • 17th May 18, 4:44 PM
    huge mouse problem 17th May 18 at 4:44 PM
    ok, so the mouse in question is Mickey Mouse! I really want to go back to WDW but not able to book until all the current debt is paid off

    I recently lost out on over 700 a month (used to get DLA for DS which wasn't re-awarded after initial 5 years, and a tax credit error meant that I no longer get those and have a hefty amount to repay.) since then I have realised that my wage is just about enough to get by. From reading others diaries I know I am actually so lucky but I still feel stressed with having no "spare" cash.

    Im including my SOA in this post and open to feedback on it. its only my income and only my debt included. DH has his own income and his own debt which he is steaming through (he will pay off mine once he has done but for now Im working on it alone)

    Any bills not mentioned, DH pays

    Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 2
    Number of children in household......... 2
    Number of cars owned.................... 1

    Monthly Income Details

    Monthly income after tax................ 975
    Partners monthly income after tax....... 0
    Benefits................................ 137.6
    Other income............................ 191
    Total monthly income.................... 1303.6


    Monthly Expense Details

    Mortgage................................ DH pays this
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 191
    Electricity............................. 45
    Gas..................................... 23
    Oil..................................... 0
    Water rates............................. 37
    Telephone (land line)................... DH pays this
    Mobile phone............................ 11.5
    TV Licence.............................. 12.54
    Satellite/Cable TV...................... DH pays this
    Internet Services....................... DH pays this
    Groceries etc. ......................... 361
    Clothing................................ 10
    Petrol/diesel........................... 95
    Road tax................................ 2.5
    Car Insurance........................... 31.76
    Car maintenance (including MOT)......... 16
    Car parking............................. 1
    Other travel............................ 44
    Childcare/nursery....................... 0
    Other child related expenses............ 76
    Medical (prescriptions, dentist etc).... 9.2
    Pet insurance/vet bills................. 0
    Buildings insurance..................... DH pays this
    Contents insurance...................... DH pays this
    Life assurance ......................... 0
    Other insurance......................... DH pays this (private health care through his job)
    Presents (birthday, christmas etc)...... 36
    Haircuts................................ 5.5
    Entertainment........................... 78
    Holiday................................. 0
    Emergency fund.......................... 0
    fat club................................ 21
    tax credit pay back..................... 32 (over 10 years, don't class as debt)
    Furniture on finance.................... 63 (not in hurry to pay this back dont class it as debt)
    Total monthly expenses.................. 1202



    Assets

    Cash.................................... 0
    House value (Gross)..................... 225000
    Shares and bonds........................ 0
    Car(s).................................. 5000
    Other assets............................ 0
    Total Assets............................ 230000


    No Secured nor Hire Purchase Debts


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    card 1.........................2359......55........16.9
    card 2.........................1635......36........18.9
    card 3.........................1460......25........0
    catalogue......................925.......50....... .22.9
    Total unsecured debts..........6379......166.......-



    Monthly Budget Summary

    Total monthly income.................... 1,303.6
    Expenses (including HP & secured debts). 1,202
    Available for debt repayments........... 101.6
    Monthly UNsecured debt repayments....... 166
    Amount short for making debt repayments. -64.4


    Personal Balance Sheet Summary
    Total assets (things you own)........... 230,000
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -6,379
    Net Assets.............................. 223,621


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


    this looks worse than it is because I always do have enough to pay the debt minimum payments, I think its because normally I'd put christmas on the credit card and I want to stop doing that. Also my Electricity bill has just gone up by 20 (included in SOA) but Im not used to that payment yet.

    Ho Hum

    7s
Page 1
    • Kitten868
    • By Kitten868 17th May 18, 7:24 PM
    • 928 Posts
    • 1,987 Thanks
    Kitten868
    • #2
    • 17th May 18, 7:24 PM
    • #2
    • 17th May 18, 7:24 PM
    Hello and welcome,

    You haven't included the dla debt on here and have you appealed? I think everyone gets rejected now and need to appeal.

    Good luck x
    Loan 1 5700/8000
    Loan 2 3700/5800
    Total 9400/13800 32% PAID

    And CC 1700/1900
    • allthe7s
    • By allthe7s 17th May 18, 7:29 PM
    • 116 Posts
    • 441 Thanks
    allthe7s
    • #3
    • 17th May 18, 7:29 PM
    • #3
    • 17th May 18, 7:29 PM
    Hi,

    It's not DLA overpaid it's tax credits which are included in my soa 32 a month.

    I asked them to look at it again and they still said no, I didn't go as far as appealing as we have no new evidence
    • beanielou
    • By beanielou 17th May 18, 10:18 PM
    • 55,484 Posts
    • 222,717 Thanks
    beanielou
    • #4
    • 17th May 18, 10:18 PM
    • #4
    • 17th May 18, 10:18 PM
    Best to target the catalogur first as it has the highest APR.
    Good luck
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • allthe7s
    • By allthe7s 19th May 18, 5:31 PM
    • 116 Posts
    • 441 Thanks
    allthe7s
    • #5
    • 19th May 18, 5:31 PM
    • #5
    • 19th May 18, 5:31 PM
    I only have enough to pay the minimums so I can't target any above the others at the moment.

    I am also cross with myself for spending 40 on one of the cards last night, I've not used one for months. I've cut the card up now.
    • allthe7s
    • By allthe7s 21st May 18, 8:22 AM
    • 116 Posts
    • 441 Thanks
    allthe7s
    • #6
    • 21st May 18, 8:22 AM
    • #6
    • 21st May 18, 8:22 AM
    Walking ds2 to school this morning as it's a lovely morning. Hardly ever do this but I need to make more effort to leave the car at home.

    My lunch out plans cancelled so won't be spending on that, I will now go to family for lunch.

    Friend is popping in who owes me 4

    I need a new iron as I ruined my current one cleaning it, apparently I shouldn't have done that and the cleaning stuff has clogged it all and made it not non stick. I have vouchers left over from Christmas that I can cover the cost with though. Going to get the same brand as this one has lasted 10 years so can't complain

    Work later taking my tea with me so not buying food.

    Going to dig out some things to eBay at some point too.
    • enthusiasticsaver
    • By enthusiasticsaver 21st May 18, 8:37 AM
    • 6,699 Posts
    • 14,217 Thanks
    enthusiasticsaver
    • #7
    • 21st May 18, 8:37 AM
    • #7
    • 21st May 18, 8:37 AM
    You need emergency savings too to cover things like the iron when you don't have vouchers to stop you spending on cards which you must now if you don't want this situation to get worse.

    Can you reduce groceries and entertainment by looking for free things to do? Do you meal plan and shop in Lidl's or Aldi or farm foods?

    Can you increase income by working more hours?

    Can you move any of that debt to 0%? If you only pay minimums it will never reduce because the interest will only just be covered so monthly reduction very small.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • allthe7s
    • By allthe7s 21st May 18, 11:41 AM
    • 116 Posts
    • 441 Thanks
    allthe7s
    • #8
    • 21st May 18, 11:41 AM
    • #8
    • 21st May 18, 11:41 AM
    Our new house doesn't show up on many websites so I'm wary of applying for more credit at the moment in case I get declined. DH Barclaycard normally has a good 0% deal which I could transfer some to but typically doesn't at the moment.

    Shop at Aldi and Asda for groceries but have been popping into Tesco a bit too frequently lately. Trying to reduce the grocery spends to under 300 to give me a bit extra for paying off debts.

    I have rota'd myself in for an extra 3 shifts this month so that will boost me a bit too.

    DH best wages will be the coming 3/4 months so that will help.

    Going away with the kids in half term and have only allocated myself my child benefit (137) it's only one night so should be manageable, train and hotel already booked so only food, entertainment and spends whilst there.
    We very rarely go away as if we have a holiday it's a big one and we've just spend a fortune moving house so this is a real treat and I'm really looking forward to it !!!55357;!!!56842;

    I know I need some emergency savings but DH would pay anything like that if it cropped up, and once both our debts are gone we are going to save at least a 1k pot up.
    • allthe7s
    • By allthe7s 21st May 18, 9:09 PM
    • 116 Posts
    • 441 Thanks
    allthe7s
    • #9
    • 21st May 18, 9:09 PM
    • #9
    • 21st May 18, 9:09 PM
    ok so I've applied for a 0% for 30 months barclaycard, it says it can take up to to 5 days to hear if I've been approved or not. Fingers crossed because that means that I can actually start making some headway.

    today has been an NSD

    can't sleep on a night for worrying about how long this debt is going to take to clear and how little spare money I have, I hate worrying about money
    • allthe7s
    • By allthe7s 23rd May 18, 1:07 PM
    • 116 Posts
    • 441 Thanks
    allthe7s
    not heard back about the Barclaycard yet. hopefully no news is good news!

    having tea out of the freezer tonight, normally DH won't eat leftovers but he's going to have to learn to love them, we waste so much food! boys having fast food is there isn't time to go home in between after school activities but I use a voucher off the back of a bus ticket.

    payslips have arrived in work go going to see how YNAB looks for the coming month.

    ETA: I'm trying to catch up on other peoples diaries, currently reading Eager Elephants, still in 2013 lol
    Last edited by allthe7s; 23-05-2018 at 1:09 PM. Reason: forgot something
    • enthusiasticsaver
    • By enthusiasticsaver 23rd May 18, 5:01 PM
    • 6,699 Posts
    • 14,217 Thanks
    enthusiasticsaver
    Hopefully you will get the 30 months Barclaycard 0% deal. That would help definitely depending on how much you get offered. Getting card 1 and 2 moved would allow you to focus on catalogue for now.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • allthe7s
    • By allthe7s 25th May 18, 10:31 AM
    • 116 Posts
    • 441 Thanks
    allthe7s
    Still no news on the 0% card. Is no news good news?

    Booked zoo tickets yesterday saving money on gate price for when we go to Edinburgh next week. Relative is going to pay for themselves and 1 child so I will get half of what I paid out back.

    Going out for lunch with a friend today, it was her birthday this week so it will be my treat.

    It's payday today so I am just about to budget everything in YNAB. Have worked it out on paper and I have enough for everything and 2 new tyres which I really really must sort. Luckily I have a small car so the tyres are fairly cheap, paid 50 for 2 last time.

    Going to have a look at swagbucks today, don't really understand it but will see if it interests me.

    After getting a 1.20 survey on PA at the weekend I've had not a single one since! Is this normal??
    • allthe7s
    • By allthe7s 26th May 18, 1:27 PM
    • 116 Posts
    • 441 Thanks
    allthe7s
    Ughhhh I'm so frustrated. Been declined for the Barclaycard 0% also got DH cross saying I shouldn't have applied for it anyway because now it's on my credit file etc.

    In better news relative gave me 80 cash for my half term trip so I can use that and move some extra into my catalogue payment amount.

    I can't remember if I said yesterday but I have managed to fit a new baby present for a close friend and 2 new tyres into my budget for this month.

    This is if I can keep the groceries to 300, which I struggle with anyway let alone in a 5 week month (5 week months ) shouldn't be allowed lol

    Went slightly out of my way to get a birthday card for 79p instead of 2 in the supermarket, and also got some YS cookies, YS scotch pancakes and 1/2 price mini brownies (not needed but the kids will be happy)

    In other news my friend is currently visiting The Mouse and I'm soooooo jealous.
    • allthe7s
    • By allthe7s 28th May 18, 9:40 AM
    • 116 Posts
    • 441 Thanks
    allthe7s
    Whoop DH has said he will give me 50 spends for me and the kids when we go away overnight so I now have enough to not need to withdraw anything from my own account

    The above means I've been able to move money in the budget for a bigger catalogue payment and some extra in the gas & electric pot as I am going to change suppliers and might have overlapping bills.

    Bought our snacks for our trip yesterday, getting drinks for 49p each instead of 2 a bottle at the train station
    • allthe7s
    • By allthe7s 28th May 18, 4:17 PM
    • 116 Posts
    • 441 Thanks
    allthe7s
    I'm so hurt.

    I just saw something on a colleagues mobile phone and he has been messaging at least 1 other colleague saying tat he has seen me on a debt forum and that I am only making things worse by applying for new cards. The person he told is a friend of mine but he could have told everyone for all I know and I would not want them knowing my business. don't know whether to just give up my diary now or what.

    really annoyed
    • allthe7s
    • By allthe7s 30th May 18, 6:42 PM
    • 116 Posts
    • 441 Thanks
    allthe7s
    Just on our train home, have had a lovely time away.

    Only spent cash which was my plan, was hoping to bring some home but I've almost spent up!

    I have got 24 left so I will keep that as cash for DS bus fare and pay 24 out of the bus fare pot off the catalogue
    • enthusiasticsaver
    • By enthusiasticsaver 30th May 18, 8:56 PM
    • 6,699 Posts
    • 14,217 Thanks
    enthusiasticsaver
    Shame about the declined card. You are better off not applying for anything for a while now you have had one decline. Maybe when the debt has reduced a bit that will help.

    Good news on cash from relative and your DH.

    I wouldn't worry about your colleague. You have done nothing to be ashamed of. You are sorting out your finances so just focus on that.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • allthe7s
    • By allthe7s 1st Jun 18, 7:37 AM
    • 116 Posts
    • 441 Thanks
    allthe7s
    I got a letter from 0% card saying they rejected my application because they are worried I won't be able to meet repayments if I take on more debt. Clearly they don't take into account that you want a balance transfer card to ease things up for yourself. I suppose they would the thinking that once it's transferred there's nothing to stop me spending on my other cards again. Frustrating but I can appreciate that not everyone has had their LBM and just want to clear their debt.

    My new statements for catalogue and cards will be done in the next 2/3 days so I can get updated balances.

    Have to take DH to work today and then at work myself. Boys both have half term homework which I am dreading as they both kick up a fuss before they'll do it. I'll have to tackle that later

    Hoping to only be at work until 2 or 3 then I can get some washing hung out, it looks like it's going to be a lovely day again.
    • enthusiasticsaver
    • By enthusiasticsaver 1st Jun 18, 8:47 AM
    • 6,699 Posts
    • 14,217 Thanks
    enthusiasticsaver
    Yes you could look on it as they realise you are already over committed so won't make it worse by giving you access to more credit. Of course they are not to know you are trying to reduce the debt and 0% interest deals help with that. Sometimes if you ring up they will reduce the interest rate if you say you are struggling.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • lonelyrat
    • By lonelyrat 2nd Jun 18, 8:19 PM
    • 363 Posts
    • 890 Thanks
    lonelyrat
    Hi That's a bit of a blow about the card but one hard search isn't the end of the world. It may be worth maybe contacting Barclaycard and asking to exercise your right to opt out of automated decision making. It could be worth having a human look at your application if you advise them that the card is for a balance transfer to pay down your debt. Might amount to nothing BUT could be worth a shot and I don't think they would need to run another hard search as they've already done it.

    That sounds really rubbish about the work colleague I can imagine what that must have felt like and I'm sorry. You're taking steps to make change and pay off the debt so should be really, really proud of what you're doing. Don't let someone who probably has a host of their own problems to deal with bring you down. If you're worried about anonymity on here you could always start a fresh diary if you felt like it. But please don't let someone's ignorant attitude affect your motivation

    I would love to go to Disney World again. I was very lucky and my parents took me when I was a kid and I loved it. I would like to go with my OH when I lose some weight at some point. We don't have any children yet but I'd like to go just the two of us and be free to be big kids ourselves!

    Glad you had a nice time at the zoo! Did you see the penguin walk?
    Total Debt: 625 / 7266.93
    Outstanding Debt: Virgin CC 625
    Weight Loss:14.9kg/ 45kg
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,122Posts Today

7,318Users online

Martin's Twitter