Income/expenditiure Posted

peachyprice

wannabedebtfreee wrote: »

It took a while, but here it is.!

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 0
Benefits................................ 350
Other income............................ 550
Total monthly income.................... 2300

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 700
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 75 Do You really spend this much, it's really high
Gas..................................... 75 Ditto
Oil..................................... 0
Water rates............................. 58 Is this divided by 12 months?
Telephone (land line)................... 30
Mobile phone............................ 50 How many mobiles?
TV Licence.............................. 11
Satellite/Cable TV...................... 20 Won't be allowed, has to come out of surplus
Internet Services....................... 40 Ditto, unless needed for work
Groceries etc. ......................... 600 Up to £650
Clothing................................ 150
Petrol/diesel........................... 65 This is low, do you need the car for work?
Road tax................................ 20
Car Insurance........................... 50
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 13
Life assurance ......................... 51
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30 Worth a try
Haircuts................................ 20 Up to £40, £10 per adult, £5 per child
Entertainment........................... 0
Holiday................................. 120 Probably a bit high, might not be allowed at all
Emergency fund.......................... 25 Worth a try
Total monthly expenses.................. 2338

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured Debt

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

Monthly Budget Summary
Total monthly income.................... 2,300
Expenses (including secured debts)....... 2,338
Available for debt repayments........... -38
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ -38

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total Secured debt...................... -0
Total Unsecured debt.................... -0
Net Assets.............................. 500

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

Hi WDBF, I've made a few comments as if for BR, not sure how it works with I&E for CCJ, whether you would be expected to cut back more? Sure someone else more knowledgeable will be along soon.

You haven't added anything for school dinners, swimming/dancing/music lessons, 1 each per child (if they do them).

Also when working out your surplus some of your benefits can't be taken into account, such as child benefit, can you list what the benefits are. And what is the 'other income'?

tigerfeet2006

I second Peachy's comments. Also you need to add an allowance for optical, dental and prescriptions.

fermi

They will be a lot tighter on the I&E for a CCJ compared to the OR I think. :undecided

Definitely separate out the Child Benefit component from the other benefits. The I&E sections on the courts N9A/C admission forms ask you to put this separately. Child benefit is paid for the benefit of the children only, so even the court should not take it into account when they are looking at your surplus income.

wannabedebtfreee

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 375
Benefits................................ 350
Other income............................ 175
Total monthly income.................... 2300

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 700
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 75
Gas..................................... 75
Oil..................................... 0
Water rates............................. 58
Telephone (land line)................... 30
Mobile phone............................ 50
TV Licence.............................. 11
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 650
Clothing................................ 150
Petrol/diesel........................... 80
Road tax................................ 20
Car Insurance........................... 50
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 13
Life assurance ......................... 51
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 25
Total monthly expenses.................. 2243

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured Debt

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

Monthly Budget Summary
Total monthly income.................... 2,300
Expenses (including secured debts)....... 2,243
Available for debt repayments........... 57
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 57

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total Secured debt...................... -0
Total Unsecured debt.................... -0
Net Assets.............................. 500


the water board issued a bill and that is that is what the monthly amount was, we live in a 4/5 bed det. house and npower worked out our monthly bill to be about 145 for dual fuel. our kids dont do any swimming/drama clubs etc. (as of yet anyway!) i have taken away holiday fund. we dont use the car for work, i use a van (were self employed.) its for 2 mobiles, needed in our self emplyment. and the other income is child benefit.

peachyprice

wannabedebtfreee wrote: »

its for 2 mobiles, needed in our self emplyment. and the other income is child benefit.

For 2 mobile this is high, I take it they are contracts, can you change to PAYG?

£550 for child benefit? It can't be, this would only be £217 for 4 children.
You really need to separate out all your benefits and other income.

What is the value of the car? if this isn't being used for work the OR is likely to take it as it isn't essential.