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
    • 82Posts
    • 279Thanks
    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
    • 897 Posts
    • 1,877 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 6000/8000
    Loan 2 4000/5800
    Total 10000/13800 27% PAID
    • allthe7s
    • By allthe7s 17th May 18, 7:29 PM
    • 82 Posts
    • 279 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
    • 53,923 Posts
    • 213,371 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
    • 82 Posts
    • 279 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.
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

27Posts Today

2,786Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin