Merry - Ramblings of an undischarged bankrupt!

Merry_Gentry

First attempt at a solo SOA:

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 900
Partners monthly income after tax....... 0
Benefits................................ 1059.17 (incl WTC, Child benefit & Housing Benefit)
Maintenance for three children ............................ 550
Total monthly income.................... 2509.17

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 1100
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 11.75
Mobile phone............................ 40
TV Licence.............................. 11.75
Satellite/Cable TV...................... 30
Internet Services....................... 11
Groceries etc. ......................... 500
Clothing................................ 40
Petrol/diesel........................... 100
Road tax................................ 16
Car Insurance........................... 19
Car maintenance (including MOT)......... 25
Car parking............................. 55
Other travel............................ 52
Childcare/nursery....................... 0
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 45
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2421.5

Monthly Budget Summary
Total monthly income.................... 2,509.17
Expenses (including secured debts)....... 2,421.5
Available for debt repayments........... 87.67
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 87.67

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

blind-as-a-bat_2

Well by the time you take CB of you should be safe with that merry regarding an IPA even allowing for some reductions/disalowances (sky etc)

Merry_Gentry

Thanks Bat - that was pretty much what I thought, but wanted to be sure I need the internet for the girls - it's a requirement of some of their homework that they go online..

betterlatethannever

Hi Merry,:D
your medical might be considered a little high and might need to be proved. £550 a year, even with dodgy eyes, a new crown each year and a bucket load of prescriptions is a lot, especially as its just for one adult (kids get them free, i'd guess?)
Your gas seems low though. On a two bed house, with two adults i'm hard pushed to get it as low as £50 a month.
I'd also round up the tv licence and home phone to £12- in fact the home phone is low too.

Hope your doing ok ?

Dez-Titute

It's not just me then.

jo70

Hi Merry-best wishes for all the s**t you've got at the moment hope you're not too bad though.

Love Jo & A xx

Merry_Gentry

betterlatethannever wrote: »

Hi Merry,:D
your medical might be considered a little high and might need to be proved. £550 a year, even with dodgy eyes, a new crown each year and a bucket load of prescriptions is a lot, especially as its just for one adult (kids get them free, i'd guess?)
Your gas seems low though. On a two bed house, with two adults i'm hard pushed to get it as low as £50 a month.
I'd also round up the tv licence and home phone to £12- in fact the home phone is low too.

Hope your doing ok ?

Thanks honey. Will have a looksee.....

Merry_Gentry

Dez-Titute wrote: »

It's not just me then.

What are you on about?!!!

So_Sad_Angel

Hi Merry

SOA looks fine Sweetie. Hope you are OK & `moving on` in a positive direction....btw loving the new avatar!!

Angexx

Merry_Gentry

This is for one adult and three children (13, 11 and 4). I have done some tweaking (thanks guys) and think this is a fair representation of what goes on. The shopping includes toiletries, washing stuff, etc

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 900
Partners monthly income after tax....... 0
Benefits................................ 1059 (incl child benefit, housing benefit & WTC)
Other income............................ 550 (child support for all three kids)
Total monthly income.................... 2509

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 1100
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 50
Gas..................................... 60
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 20
Mobile phone............................ 40 (three mobile phones)
TV Licence.............................. 12
Satellite/Cable TV...................... 25
Internet Services....................... 13 (required for school)
Groceries etc. ......................... 500
Clothing................................ 40
Petrol/diesel........................... 120
Road tax................................ 16
Car Insurance........................... 19
Car maintenance (including MOT)......... 25
Car parking............................. 55
Other travel............................ 52 (girls travelling to school)
Childcare/nursery....................... 0
Other child related expenses............ 50 (music/singing lessons at school)
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2447

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

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,509
Expenses (including secured debts)....... 2,447
Available for debt repayments........... 62
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 62

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

:beer::beer: