Welcome to Debt Solution 4 U |
||
|---|---|---|
Workout if you are in control of your finances |
||
| Please enter your monthly income to the nearest £ | ||
| Income | ||
| 1st Salary | £ | |
| 2nd Salary | £ | |
| Part Time Job | £ | |
| Family Credit | £ | |
| Income Support | £ | |
| Incapacity Benefit | £ | |
| Child Benefit | £ | |
| Unemployment Benefit | £ | |
| Disability Benefit | £ | |
| Retirement Pension | £ | |
| State Pension | £ | |
| Maintenance | £ | |
| Contributions | £ | |
| Rent and Other income | ||
| Total Monthly Income | £ | |
| Please enter your monthly Expenditure to the amount to nearest £ | ||
| Essential Expenditure | ||
| Rent | £ | |
| Ground rent and service charges | £ | |
| Mortgage | £ | |
| Secured Loans | £ | |
| Endowment and MPPI | £ | |
| Building and contents insurance | £ | |
| Pension and life insurance | £ | |
| Council Tax | £ | |
| Gas | £ | |
| Electricity | £ | |
| Water | £ | |
| TV licence | £ | Your TV Licence is £12.00 a month |
| Court fines | £ | |
| Maintenance or child support | £ | |
| Hire Purchase / conditional sale | £ | |
| Childcare costs | £ | |
| Adult care costs | £ | |
| Other | £ | |
| Phone Bills | ||
| Home phone Land line | £ | |
| Mobile phone/s | £ | |
| Internet Package with Home phone land line | £ | |
| Other | £ | |
| Travel Expenses | ||
| Public transport (work, school, shopping, taxi etc) | £ | |
| Car insurance | £ | |
| Road tax | £ | |
| Fuel (Petrol, Diesel, Oil etc) | £ | |
| MOT and car maintenance | £ | |
| Breakdown or recovery | £ | |
| Parking charges or tolls | £ | |
| Other | £ | |
| Housekeeping | ||
| Groceries | £ | |
| Clothing and footwear | £ | |
| Dentist, glasses, prescriptions, hairdressing | £ | |
| Meals at school and at work | £ | |
| Pet food | £ | |
| Vet bills and pet insurance | £ | |
| Household Repairs | £ | |
| Other | £ | |
| Total Monthly Expenditure | £ | This is your monthly spending |
| Monthly income less Monthly expenditure | £ | |
| If you have negative amount then your expenditure is more than your monthly income. You are not managing your finances properly. Please check where you are going wrong, especially unnecessary spending. | This is how much you save each month (your disposable income) to pay off your debts | |
|
Assessing Your Financial Situation It is important that you think very carefully about your income and outgoings. Enter the amounts by referring to your actual bills. Your annual payments for Insurance, TV Licence etc, divide by 12 to calculate your monthly instalments although you may be making yearly payments. |
||
| Now, Please fill in the amount you owe to your creditors to the Nearest £ | ||
| Creditor Names | Your Monthly Contractual Payment | |
| Total Amount Payable To Your Creditors | ||
| Grand Total - Negative Amount Means Shortfall Each Month | ||
| CALCULATE | ||
| Negative amount means that you are struggling to meet your monthly repayments to your creditors. Sort your problem immediately before it gets worst. Please click here to check by how much your monthly payment can be reduced without you getting into further financial difficulties. You must remember that the lesser the amount the longer it will take to clear your debt. You must at once stop using your credit cards, bank account etc. | ||
| If there is a shortfall, you need help to manage your debts. Here is how you can offer reduce payment to your creditors until your situation changes. Workout pro rata payments as per your disposable income. | ||
|
|
||
