SOA - Can it be tweaked.

Jvic28

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2 (This SOA is my share)
Number of children in household......... 1 on the way
Number of cars owned.................... 1 I only pay petrol
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............................ 10
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).... 13
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 5
Entertainment........................... 80
Holiday................................. 20
Emergency fund.......................... 20
Total monthly expenses.................. 802

Assets
Cash.................................... 0
House value (Gross)..................... 77700
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 77700

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 77700....(410)......6.14
Total secured debts........... 77700.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CCCS...........................9830.71...132.......0
Hubbys Virgin Card (my debt)...1793......25........0
Total unsecured debts..........11623.71..157.......-

Monthly Budget Summary
Total monthly income.................... 1,099
Expenses (including secured debts)...... 802
Available for debt repayments........... 297
Monthly UNsecured debt repayments....... 157
Amount left after debt repayments....... 140
Personal Balance Sheet Summary
Total assets (things you own)........... 77,700
Total Secured debt...................... -77,700
Total Unsecured debt.................... -11,623.71
Net Assets.............................. -11,623.71
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

TotallyBroke

Jvic28 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2 (This SOA is my share)
Number of children in household......... 1 on the way
Number of cars owned.................... 1 I only pay petrol
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............................ 10
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 20
Petrol/diesel........................... 20
Road tax................................ 10You say at the top you only pay for petrol. So do you pay this
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).... 13
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24This is your half! So you pay £576 a year for insurance!! Cut this down
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 5
Entertainment........................... 80You could get rid of this. You are having a baby. Social lives disappear. Start getting used to entertaining at home. It's cheaper than paying for sitters
Holiday................................. 20I very much doubt you will be getting one of these this year. If you shop at Tesco then save the vouchers for holiday vouchers
Emergency fund.......................... 20
Total monthly expenses.................. 802

Assets
Cash.................................... 0
House value (Gross)..................... 77700
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 77700

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 77700....(410)......6.14
Total secured debts........... 77700.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CCCS...........................9830.71...132.......0
Hubbys Virgin Card (my debt)...1793......25........0
Total unsecured debts..........11623.71..157.......-

Monthly Budget Summary
Total monthly income.................... 1,099
Expenses (including secured debts)...... 802
Available for debt repayments........... 297
Monthly UNsecured debt repayments....... 157
Amount left after debt repayments....... 140You have this spare each month
Personal Balance Sheet Summary
Total assets (things you own)........... 77,700
Total Secured debt...................... -77,700
Total Unsecured debt.................... -11,623.71
Net Assets.............................. -11,623.71
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Have you done a soa for when you are on Maternity leave and only getting SMP. Have you looked at your grocery bill and factored in Nappies and milk. I think you need to rethink your £200 grocery bill for food and start looking at the baby costs. I spend between £150 - 200 and that is for 2 adults and a child still in nappies. I'm lucky I never needed formula milk.
I suggest for your own benefit that you sit down with your partner and do a joint soa. Showing everything that you both pay out and get in. Then do it for when you are on alimited income for comparison.
Good luck

MrsTinks

Totally I think that Jvic means on the contents insurance that she pays this not that sye pays 50% of it - same as my husband and I do - he pays mortgage and a few other bills, I pay all the rest of the bills. Not splitting each bill 50/50 if that makes sense

Jvic what is the medical costs for? You know that you get free dental and prescriptions for the next 2 years now whilst you're pregnant and until your baby is 1 I think? (well 1 year after your due date anywho...)

Jvic28

TotallyBroke wrote: »

Have you done a soa for when you are on Maternity leave and only getting SMP. Have you looked at your grocery bill and factored in Nappies and milk. I think you need to rethink your £200 grocery bill for food

Thanks for the notes. To be honest. We don't always use the entertainment budget and obviously when the baby comes we certainly won't be using it.

The contents insurance isn't half. It's the total cost which I pay myself.

And sorry, I have started contributing to the road tax as well as petrol. since my boyfriend bought the car totally out of his own pocket I thought it was only fair.

Jvic28

MrsTine wrote: »

Jvic what is the medical costs for?

Contact Lenses and Glasses. I have appalling eye sight.