Income/expenditiure Posted

wannabedebtfreee

HERE IS MY I/E FOR ANY HELP WITH TWEKING

(all per month)

Rent £700
c/tax £120
gas/elec £150
water £58
tv lic. £11
food £600
car expense £150
clothing £140
hairdressing £40
maintainance/csa £240
house/life insurance £80
holiday fund £120
mobile phone £50
landline £30

total £2369


INCOME

from wages and benefits is £2529

Have i missed anything people? would sure like to reduce the £420 surplus without any tricky questions! we are a family of 2 adults and 4 kids, and initially this form will be for a ccj but i suspect it will soom go on to be BR, i presume i can use the same I/E for both?

thanks everyone

milliemonster

what about insurances? contents insurance?, does the car expense cover tax, insurance, fuel, mot and maintenance?

mumoftwins

What about phones -landline and mobiles?

Purplekylie22

hair cuts / eyetest / perscriptions e.t.c

bubbles_bonbon

Hi,
Don't forget dentist, hair dressing, house maintenance, holiday fund.

fudge59

I'd suggest you could increase the clothing allowance - as £100 for 6 persons seems a bit low to me when my OR has (at the moment allowed £100 for me and my husband!).

Oh and you can have vet bills included (you just have to provide evidence).

icklejulez

For starters £600 on food is stupid if you dont have the money to spend it on, £200 should be what your aiming for. Theres £400 to start with. And clothing allowence??? Why buy things you cant afford? Do you need new clothes every month? I certainly dont!

tigerfeet2006

Icklejulz preparing an SOA for BR is completely different from preparing an SOA for DFW. The housekeeping costs are perfectly acceptable. Once BR then the OP will not be able to get any credit so will need to play around with figures to be able to get an emergency fund etc. £600 for 6 people is acceptable.

wannabedebtfreee

icklejulez wrote: »

For starters £600 on food is stupid if you dont have the money to spend it on, £200 should be what your aiming for. Theres £400 to start with. And clothing allowence??? Why buy things you cant afford? Do you need new clothes every month? I certainly dont!

how do you expect me to feed 2 adults and 4 kids on £200 a month? £600 is what we actually spend! and its not anything lavish

wannabedebtfreee

thanks for all those quick replies folks, i have made changes to the original soa, how does it look now? I havent included my wifes 20 a day habit, Could I??

tigerfeet2006

Wannabedebtfrre have you discovered the Oldstyle board yet? There are some great ideas for cutting your food bills. We are 5 and I have started this month and managed to cut it by £50. Next month I aim to cut it by another £20, small steps I know but every little helps.