SOA - Can it be tweaked.

Jvic28

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1060
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1060

Monthly Expense Details
Mortgage................................ 487.62
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 50
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 80
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 56
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 13
Pet insurance/vet bills................. 0
Buildings insurance..................... 13
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 829.62

Assets
Cash.................................... 0
House value (Gross)..................... 77000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 77000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 77000....(487.62)...7.45
Total secured debts........... 77000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
CCCS...........................10277.....120.......0
Dads Capital One...............1815.59...54.47.....34.27
Total unsecured debts..........12092.59..174.47....-

Monthly Budget Summary
Total monthly income.................... 1,060
Expenses (including secured debts)....... 829.62
Available for debt repayments........... 230.38
Monthly UNsecured debt repayments....... 174.47
Surplus(deficit if negative)............ 55.91

Personal Balance Sheet Summary
Total assets (things you own)........... 77,000
Total Secured debt...................... -77,000
Total Unsecured debt.................... -12,092.59
Net Assets.............................. -12,092.59

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

Now, I know it's looking a lot better and any surplus is going to be ploughed into paying off that credit card with massive interest. Any help much appreciated.

Thanks

Jvic28

Aylana wrote: »

You mentioned going to the cinema in one of your posts. Have you looked at the cinema codes thread on the freebies section? I got tickets to see Pineapple Express for free last Monday and am going to see Tropic Thunder on Tuesday both for free. Saves some cash given how expensive cinemas are!

Yeh, we're really good like that. I went to see pinapple express. To make it even cheaper, we bought corn and popped it ourselves and I got paper bags from tesco's (the free ones to put mushrooms in) to put the popcorn in. In the dark, no one can see.

x

choccyface2006

Hi Jvic28

You seem to be doing well, just a couple of things...

Do you get any rewards for topping up your mobile? If I top up with £10 on Orange, I get free calls after 7pm to other Orange mobiles which is good because my daughters, best friend, mum, sister and the kids dad are on Orange too. My daughter texts more than calls so if she tops up with £10 she gets 300 free texts messages to any network.

Also, if you are with BT (landline) you can get free eveing and weekend calls plus 100 free text mesaages (as long as you have a sms enabled home phone) for free, just by going onto a 12 month rolling contract with them (£10.50 per month) http://www.productsandservices.bt.com/consumerProducts/displayTopic.do?topicId=23734&s_intcid=con_intban_ps2_phones_evewkndcalls_phone

I would also join Quidco, you could each sign up and do daily clicks and get caskback on lots of online shopping. I have earnt £436 in about 18 months doing this.

https://www.quidco.com/

Sarah x

Jvic28

choccyface2006 wrote: »

Hi Jvic28

You seem to be doing well, just a couple of things...

Do you get any rewards for topping up your mobile? If I top up with £10 on Orange, I get free calls after 7pm to other Orange mobiles which is good because my daughters, best friend, mum, sister and the kids dad are on Orange too. My daughter texts more than calls so if she tops up with £10 she gets 300 free texts messages.

Hi, I'm with Orange PAYG already. I've budgeted to top up £5 per week. Do you only get the reward by topping up £10 at a time as I've been topping up £5 at a time for a few months now. Gutting!

choccyface2006 wrote: »

I would also join Quidco, you could each sign up and do daily clicks and get caskback on lots of online shopping. I have earnt £436 in about 18 months doing this.

I have joined quidco. I joined the end of July and have £14.53 but haven't received any payments yet. Do they take ages to pay usually?

Thanks for the advice.

x

choccyface2006

No, I topped by 2 x £5 this month and still got the reward. You will have to join a plan though I think, you can do that here.... http://shop.orange.co.uk/shop/payasyougo

Quidco payments first become tracked, then validated, then recieved from the merchant (by Quidco) then paid into your bank at the begining of the month.

The process can take months depending on where the caskback was from and it will only go into your bank if you have set that up, so check your Quidco settings (bacs is the preffered methood)

The best thing to do is to do all the daily clicks EVERY month, then after a few months you will start getting small amounts of cashback EVERY month as it is processed. Go through Quidco for everything you can for plenty of extra cashback

Sarah x

Jvic28

Thanks a million Sarah. I just registered online with Orange and changed my plan to the dolphin plan. I should now get at least 300 free texts a month and looking at my usage history online most of my credit was going on texts. I wish I'd realised sooner.

Jvic28

rayday2 wrote: »

Good luck with adding Orange to your payments!

Hi Rayday,

Thanks for your help. My Orange contract has been added to my DMP. I have still allowed myself £20 a month for PAYG and have increased my DMP from £103 - £120 after the review so although I've increased the debt on the DMP I've also increased the payments so it should keep everyone happy.

Thanks everyone for your help and suggestions. It's really making a dent in my debt.

x

Jvic28

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1099
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1099

Monthly Expense Details
Mortgage................................ 410
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 50
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 20
Petrol/diesel........................... 20
Road tax................................ 10
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 80
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 794

Assets
Cash.................................... 0
House value (Gross)..................... 75000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 75000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 80000....(410)......6.14
Total secured debts........... 80000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
CCCS...........................9950......132.......0
Dads Capital One...............1739......54........34.27
Dad............................1602......20........0
Total unsecured debts..........13291.....206.......-

Monthly Budget Summary
Total monthly income.................... 1,099
Expenses (including secured debts)....... 794
Available for debt repayments........... 305
Monthly UNsecured debt repayments....... 206
Surplus(deficit if negative)............ 99

Personal Balance Sheet Summary
Total assets (things you own)........... 75,000
Total Secured debt...................... -80,000
Total Unsecured debt.................... -13,291
Net Assets.............................. -18,291

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

This is finally looking much better. I should now be able to plough lots more money into getting rid of the debt I accrued on my Dads Extortionate credit card.

choccyface2006

Hi again!

Is your Orange text deal helping you?

Sarah x

Jvic28

Hi, Definatelty. I last topped up by £20 27/09/08 and I still have £2.23 remaining. Which is awesomely under budget. Thank you

x