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    • debtfreehusky
    • By debtfreehusky 5th Jul 18, 10:24 PM
    • 9Posts
    • 0Thanks
    debtfreehusky
    Getting back on track?
    • #1
    • 5th Jul 18, 10:24 PM
    Getting back on track? 5th Jul 18 at 10:24 PM
    After browsing the forums for so long I thought that I would write down a diary to try and help encourage me to sort everything out, and It's always good to learn from other peoples stories.

    So where do I start? Well I'll try with the basics. Myself and my Wife have been together for 18 years and married for the last 4. We had always been poor with money over the years and around 4 years ago we approached Payplan to get our debts sorted.

    At that moment in time my partner was working and I was out of work with some mental health issues I was dealing with at the time. Payplan advised us to treat our debts as separate debts and enrolled me into a DRO (now discharged) and my wife into an Iva.

    Around a year and a half ago we got into a bit of bother when my wife had to find another job and take a pay cut. At this point the IVA was put on hold. So this leads us to this point in time, where my wife is now in contact with Payplan to get things rolling again.

    Here is our SOA:

    [tt]Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 2
    Number of children in household......... 3
    Number of cars owned.................... 1

    Monthly Income Details

    Monthly income after tax................ 1500
    Partners monthly income after tax....... 992
    Benefits................................ 368
    Other income............................ 0
    Total monthly income.................... 2860


    Monthly Expense Details

    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 660
    Management charge (leasehold property).. 0
    Council tax............................. 190
    Electricity............................. 70
    Gas..................................... 60
    Oil..................................... 0
    Water rates............................. 30
    Telephone (land line)................... 17
    Mobile phone............................ 172
    TV Licence.............................. 24.5
    Satellite/Cable TV...................... 43
    Internet Services....................... 40
    Groceries etc. ......................... 590
    Clothing................................ 82
    Petrol/diesel........................... 200
    Road tax................................ 16.62
    Car Insurance........................... 65
    Car maintenance (including MOT)......... 30
    Car parking............................. 0
    Other travel............................ 20
    Childcare/nursery....................... 0
    Other child related expenses............ 34
    Medical (prescriptions, dentist etc).... 35
    Pet insurance/vet bills................. 34
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 30
    Haircuts................................ 34
    Entertainment........................... 70
    Holiday................................. 0
    Emergency fund.......................... 50
    Council Tax Arrears..................... 140
    Total monthly expenses.................. 2737.12



    Assets

    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 1500
    Other assets............................ 0
    Total Assets............................ 1500


    No Secured nor Hire Purchase Debts


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    CC 1...........................200.......10........39 .4
    CC 2...........................200.......10........39 .4
    JD Williams....................1000......40........0
    Loan...........................500.......80....... .0
    Total unsecured debts..........1900......140.......-



    Monthly Budget Summary

    Total monthly income.................... 2,860
    Expenses (including HP & secured debts). 2,737.12
    Available for debt repayments........... 122.88
    Monthly UNsecured debt repayments....... 140
    Amount short for making debt repayments. -17.12


    Personal Balance Sheet Summary
    Total assets (things you own)........... 1,500
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -1,900
    Net Assets.............................. -400


    [/tt]

    Notes:
    - We do have 5 dogs

    - The unsecured debts are all mine with the minimum payments listed. The car is my wife's however.

    - A lot of the mobile phones are paid by me as I stupidly got contracts for all the kids and myself. 1 is coming to a close soon, the other 2 the next year.

    So you can see after I pay my unsecured debts we are sat with just a negative, with things being really tight each month. Where do I start? Where would you start?

    I've only just started repairing my credit rating so I don't want to fall behind with debt again myself, yet at the same time I don't want my wife worrying needlessly either. If I recall the old payments on the IVA were 140 per month, and our council tax arrears payments are due to run for another 8 months before being cleared.

    Time to get some insight here on where I can start saving!!!!!!!!!!

    Thanks in advance for any advice!!!
    Last edited by debtfreehusky; 05-07-2018 at 10:25 PM. Reason: Wrong title name
Page 1
    • Scott-Weiland
    • By Scott-Weiland 6th Jul 18, 12:48 AM
    • 255 Posts
    • 551 Thanks
    Scott-Weiland
    • #2
    • 6th Jul 18, 12:48 AM
    • #2
    • 6th Jul 18, 12:48 AM
    5 huskies I take it do you race them???

    Just there food bill needs to go in your soa and I doubt its there unless you feed them wagg :-( lol
    Cashback Earnings Ish YTD 73.22 Survey Earnings YTD Ish 434.59
    "We are what we repeatedly do. Excellence then, is not an act, but a habit."
    • debtfreehusky
    • By debtfreehusky 6th Jul 18, 2:09 AM
    • 9 Posts
    • 0 Thanks
    debtfreehusky
    • #3
    • 6th Jul 18, 2:09 AM
    • #3
    • 6th Jul 18, 2:09 AM
    Haha no and they are not all Huskies, don't think I could handle 5 lol. We have a Jack Russell, German Shepard X (Rescue dog) and then three huskies.

    I should list it separate, I put the dogs food under the Groceries section. They generally eat better than me and my wife haha.
    • Scott-Weiland
    • By Scott-Weiland 6th Jul 18, 2:48 AM
    • 255 Posts
    • 551 Thanks
    Scott-Weiland
    • #4
    • 6th Jul 18, 2:48 AM
    • #4
    • 6th Jul 18, 2:48 AM
    Haha good as long as its accounted for lol

    Me and the ex who I am still mates with have 6, we used to race them all over the uk and they were dry/raw fed. I don't know what you feed your dogs etc etc but we used to buy bags of kibble on ebay, we would use top cashback to get onto ebay to get a bit money back. We fed our guys arden grange and would bulk buy 6 bags of it at a time,

    Then we had a couple of good butchers in the area who we would get offcuts/bones/trimmings and ox hearts/liver and kidneys etc

    They ate better than we did at times

    Can you not do anything to get that mobile phone costs section down a tad 172 is very steep. Say look at a sim only, or even ring your network providers and see if you can go to a cheaper tariff may. I did this with EE after being a customer a few months and they knocked I know its not a lot but they knocked 5quid pm month off my bill. Every little helps and all that.
    Last edited by Scott-Weiland; 06-07-2018 at 3:02 AM.
    Cashback Earnings Ish YTD 73.22 Survey Earnings YTD Ish 434.59
    "We are what we repeatedly do. Excellence then, is not an act, but a habit."
    • Honeysucklelou2
    • By Honeysucklelou2 6th Jul 18, 6:35 AM
    • 1,070 Posts
    • 4,973 Thanks
    Honeysucklelou2
    • #5
    • 6th Jul 18, 6:35 AM
    • #5
    • 6th Jul 18, 6:35 AM
    Definitely check the mobile price. I pay for a mobile phone contract for myself and 3 of my children and it comes to 50 a month. Another child is with a different phone provider and hers is an extra 23, so 73 a month for 5 of us.
    paydbx #93 804.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 2994 in Aug 18
    • debtfreehusky
    • By debtfreehusky 6th Jul 18, 9:01 AM
    • 9 Posts
    • 0 Thanks
    debtfreehusky
    • #6
    • 6th Jul 18, 9:01 AM
    • #6
    • 6th Jul 18, 9:01 AM
    Yeah this week I'm looking at tackling a few things to see if I can get them down that being the mobiles and our sky tv package.

    Mobiles:

    Mine - 65 (Thought it was a good idea at the time to get a contract where I could upgrade after a year, wish I hadn't now)

    Daughter 1 - 35 this was an old contract that I passed to her earlier this year as shes starting secondary school.

    Daughter 2 - 30 Got this one a while ago as at the time it was the cheapest solution to get her a phone as we couldn't afford to buy one.

    Daughter 3 - 35 Same as above

    Wife - Pay as you go 10

    One of the 35 contracts finishes in November so when that's up I will be getting her a gifgaf contract "sim only" for around 15 a month.

    All the others are due to end from the beginning of 2019 and end of summer, I will be doing the same with these. The amount I pay for mobiles is rather embarrassing

    Sky:
    We are giving them a ring this week as we rarely watch TV. We are hoping we can just get it cancelled or at least down to a lot less and just use something like netflix instead.

    I'll make some progress somehow !!!!
    • Scott-Weiland
    • By Scott-Weiland 6th Jul 18, 9:33 AM
    • 255 Posts
    • 551 Thanks
    Scott-Weiland
    • #7
    • 6th Jul 18, 9:33 AM
    • #7
    • 6th Jul 18, 9:33 AM
    Give Now Tv a look debtfreehusky I have nowtv and my oh has Netflix we manage which just those. Sky and Virgin media are a rip off imo.

    Giff Gaff is a good choice.

    If you haven't done so already get registered on topcashback, you can order a giff gaff sim on there nearer the time. I got about 12.50quid cashback when I got my sons sim.
    Cashback Earnings Ish YTD 73.22 Survey Earnings YTD Ish 434.59
    "We are what we repeatedly do. Excellence then, is not an act, but a habit."
    • debtfreehusky
    • By debtfreehusky 6th Jul 18, 9:35 AM
    • 9 Posts
    • 0 Thanks
    debtfreehusky
    • #8
    • 6th Jul 18, 9:35 AM
    • #8
    • 6th Jul 18, 9:35 AM
    Awesome cheers Scott I'll have a look at Now Tv. Going to check out topcashback now thanks!!!!
    • Scott-Weiland
    • By Scott-Weiland 6th Jul 18, 9:42 AM
    • 255 Posts
    • 551 Thanks
    Scott-Weiland
    • #9
    • 6th Jul 18, 9:42 AM
    • #9
    • 6th Jul 18, 9:42 AM
    I got my son the 10quid one which from memory is unlimited data and unlimited texts and 3gig data.

    Topcashback is definitely worth using I have used it a couple of years now, and I have had 660 quid off it. I can refer you if you'd like???

    I say this all the time but if your going to buy anything online or for click and collect see if you can go through topcashback first.

    Just eat
    ebay
    argos
    superdry
    asda
    Tesco
    confused.com

    etc etc theres loads on there, we switched my other halfs broadband and her sisters broadband and clicked 120quid.
    Last edited by Scott-Weiland; 06-07-2018 at 9:46 AM.
    Cashback Earnings Ish YTD 73.22 Survey Earnings YTD Ish 434.59
    "We are what we repeatedly do. Excellence then, is not an act, but a habit."
    • debtfreehusky
    • By debtfreehusky 6th Jul 18, 9:51 AM
    • 9 Posts
    • 0 Thanks
    debtfreehusky
    Sure is there a link I need to do it through ? Or need my email ?
    • madvicker
    • By madvicker 6th Jul 18, 9:52 AM
    • 144 Posts
    • 99 Thanks
    madvicker
    Your gas, electricity, car insurance, and internet (especially as you also pay 17 for the landline) costs appear to be high. When was the last time you did a comparison on them to check what the cheapest on the market is? PM me if you need some specific help :-)

    Do you pay for 2 TV licences?

    For groceries, all I can suggest there is try to shop at Aldi or Lidl if you don't already. It takes time to get used to what they offer, but it cut our grocery bill from about 90-100 a week down to 70.
    • Scott-Weiland
    • By Scott-Weiland 6th Jul 18, 9:59 AM
    • 255 Posts
    • 551 Thanks
    Scott-Weiland
    I have dropped you a pm Husky.
    Cashback Earnings Ish YTD 73.22 Survey Earnings YTD Ish 434.59
    "We are what we repeatedly do. Excellence then, is not an act, but a habit."
    • debtfreehusky
    • By debtfreehusky 6th Jul 18, 10:02 AM
    • 9 Posts
    • 0 Thanks
    debtfreehusky
    Your gas, electricity, car insurance, and internet (especially as you also pay 17 for the landline) costs appear to be high. When was the last time you did a comparison on them to check what the cheapest on the market is? PM me if you need some specific help :-)

    Do you pay for 2 TV licences?

    For groceries, all I can suggest there is try to shop at Aldi or Lidl if you don't already. It takes time to get used to what they offer, but it cut our grocery bill from about 90-100 a week down to 70.
    Originally posted by madvicker
    Internet/Phone:
    Just pulled up our bill. Actually slightly off in my SOA I'll need to edit that. We get ours from Sky which is 49.99 for the phone line and the broadband. We used to have a cheaper package by the internet kept dropping whenever the kids were home. Wouldn't be a problem except the wife works from home and requires the internet. I'll do some digging!!!

    Electric/Gas:
    We are on meters for both and paying off debts on them. They eat through our money it's ridiculous and that's with trying to keep our usage low. Can I still shop around even though we're on meters due to debt?

    Car Insurance:
    My wife normally handles that as we pay it monthly. I'll look into and see what we can save there, thanks.

    TV License:
    lol looking at it now that appears too high, I'm going to find out now!!!!!
    • madvicker
    • By madvicker 6th Jul 18, 10:13 AM
    • 144 Posts
    • 99 Thanks
    madvicker
    Internet/Phone:
    Just pulled up our bill. Actually slightly off in my SOA I'll need to edit that. We get ours from Sky which is 49.99 for the phone line and the broadband. We used to have a cheaper package by the internet kept dropping whenever the kids were home. Wouldn't be a problem except the wife works from home and requires the internet. I'll do some digging!!!

    Coincidence? I think not!

    Electric/Gas:
    We are on meters for both and paying off debts on them. They eat through our money it's ridiculous and that's with trying to keep our usage low. Can I still shop around even though we're on meters due to debt?

    Simple answer, yes! Some providers might be iffy, but don't let it stop you. Generally 500 debt is the cut off for switching away.

    Car Insurance:
    My wife normally handles that as we pay it monthly. I'll look into and see what we can save there, thanks.

    TV License:
    lol looking at it now that appears too high, I'm going to find out now!!!!!
    Originally posted by debtfreehusky
    Best of luck with bringing the bills down
    • debtfreehusky
    • By debtfreehusky 6th Jul 18, 12:19 PM
    • 9 Posts
    • 0 Thanks
    debtfreehusky
    So today was the first step here is the before:

    Telephone (land line)................... 17
    Satellite/Cable TV...................... 43
    Internet Services....................... 40

    So here's what I have now from Sky:

    Telephone (land line)................... 18.99 (Was the wrong figure initially)
    Satellite/Cable TV...................... 20
    Internet Services....................... 15

    Quite a nice reduction to start with !!!
    • madvicker
    • By madvicker 6th Jul 18, 12:37 PM
    • 144 Posts
    • 99 Thanks
    madvicker
    So today was the first step here is the before:

    Telephone (land line)................... 17
    Satellite/Cable TV...................... 43
    Internet Services....................... 40

    So here's what I have now from Sky:

    Telephone (land line)................... 18.99 (Was the wrong figure initially)
    Satellite/Cable TV...................... 20
    Internet Services....................... 15

    Quite a nice reduction to start with !!!
    Originally posted by debtfreehusky
    Good going! Keep it up, I'm sure you'll be able to find another 50 a month at least from some of the other expenses too
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