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  • FIRST POST
    • laveugle
    • By laveugle 20th Jun 18, 12:44 PM
    • 35Posts
    • 27Thanks
    laveugle
    What a fudgewimple
    • #1
    • 20th Jun 18, 12:44 PM
    What a fudgewimple 20th Jun 18 at 12:44 PM
    Hi, I'm relatively new here. I've lurked for a few months as I summed up the courage to post the below. I actually annotated the below and then had an essay which I didn't think would encourage people to read or help. Essentially I got my family into a huge amount of debt and now I need to get us out of it. I have a lease car which isn't included in below as its through work and is returned Feb 2020 and then my income would go up by another 300. Although at that point I would need to get a new (old) car.

    [font=courier new]Statement of Affairs and Personal Balance Sheet

    Household Information

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

    Monthly Income Details

    Monthly income after tax................ 1500
    Partners monthly income after tax....... 1250
    Benefits................................ 80
    Other income............................ 0
    Total monthly income.................... 2830


    Monthly Expense Details

    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 600
    Management charge (leasehold property).. 0
    Council tax............................. 110
    Electricity............................. 54.5
    Gas..................................... 54.5
    Oil..................................... 0
    Water rates............................. 35
    Telephone (land line)................... 0
    Mobile phone............................ 23
    TV Licence.............................. 13
    Satellite/Cable TV...................... 16.23
    Internet Services....................... 28
    Groceries etc. ......................... 200
    Clothing................................ 20
    Petrol/diesel........................... 200
    Road tax................................ 11
    Car Insurance........................... 30
    Car maintenance (including MOT)......... 25
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 302
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 30.4
    Pet insurance/vet bills................. 59
    Buildings insurance..................... 0
    Contents insurance...................... 9
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 15
    Haircuts................................ 15
    Entertainment........................... 20
    Holiday................................. 0
    Emergency fund.......................... 0
    Husband and Son Pocket Money............ 60
    Pet Food................................ 60
    Lottery................................. 10
    Cleaner (cancelling this)............... 70
    Pension................................. 10
    Dog Walker.............................. 325
    Total monthly expenses.................. 2405.63



    Assets

    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 2500
    Other assets............................ 0
    Total Assets............................ 2500


    No Secured nor Hire Purchase Debts


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Amex...........................8870.9....300...... .20
    Overdraft......................500.......0........ .0
    TESCO..........................497.03....25....... .0
    PayPal Credit..................2646.73...50........20
    TSB............................1208.71...14....... .0
    DMP (Husbands).................9296.46...105.......0
    Family Loan....................14430.....180.......0
    HSBC...........................5902.86...160...... .0
    Loan...........................3430.27...112.8.... .13
    Halifax........................2337.94...28....... .0
    BarclayCard 2..................1857.2....60........20
    BarclayCard 1..................1093......30........0
    Total unsecured debts..........52071.1...1064.8....-



    Monthly Budget Summary

    Total monthly income.................... 2,830
    Expenses (including HP & secured debts). 2,405.63
    Available for debt repayments........... 424.37
    Monthly UNsecured debt repayments....... 1,064.8
    Amount short for making debt repayments. -640.43


    Personal Balance Sheet Summary
    Total assets (things you own)........... 2,500
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -52,071.1
    Net Assets.............................. -49,571.1
Page 7
    • lovesmakeup
    • By lovesmakeup 6th Jul 18, 10:51 AM
    • 15 Posts
    • 15 Thanks
    lovesmakeup
    One hopes OP hasn't been so dissuaded that they've left.
    • anna_1977
    • By anna_1977 6th Jul 18, 11:16 AM
    • 744 Posts
    • 1,028 Thanks
    anna_1977
    I suspect that is the case sadly as she clearly needs a LOT of help and will get it from here if she wants.
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