how do I? SOA please take a look

spenderblender wrote: »

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................ 0
Partners monthly income after tax....... 800
Benefits......child tax , inc, child b..... 773
Other income............................ 0
Total monthly income.................... 1573
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments.....car............ 203
Hire Purchase (HP) repayments........... 0
Rent.................................... 256
Management charge (leasehold property).. 0
Council tax............................. 82
Electricity............................. 60 This is high - can you swap to a better deal?
Gas..................................... 60 This is high - can you swap to a better deal?
Oil..................................... 0
Water rates............................. 38 Are you on a meter? This looks high too!
Telephone (land line)................... 60 does this include phone, TV and BB? If not then it needs to come down!
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 HOW much??? Seriously you can get this down to £200 - you could get it lower but that will take time.
Clothing................................ 50 Sorry gotta go - £15 a month and get cheap clothes through Ebay or even better Freecycle!
Petrol/diesel........................... 80
Road tax................................ 14
Car Insurance........................... 40 Have you shopped around lately?
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses.....school dinners....... 80 You could save on this if you gave them packed lunches.
Medical (prescriptions, dentist etc).... 18
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 18
Life assurance ......................... 5
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 30
Entertainment........................... 20
Holiday................................. 60 You can't afford a holiday right now so drop this I'm afraid...
Emergency fund.......................... 0
Total monthly expenses.................. 1722

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 6500
Other assets............................ 0
Total Assets............................ 6500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Secured Debt.................. 6500.....(203)......9.9
Total secured & HP debts...... 6500......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
debts..........................46000.....298.......0
Total unsecured debts..........46000.....298.......-

Monthly Budget Summary
Total monthly income.................... 1,573
Expenses (including HP & secured debts). 1,722
Available for debt repayments........... -149
Monthly UNsecured debt repayments....... 298
Amount short for making debt repayments. -447
Personal Balance Sheet Summary
Total assets (things you own)........... 6,500
Total HP & Secured debt................. -6,500
Total Unsecured debt.................... -46,000
Net Assets.............................. -46,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.