Mommyme's OH S.O.A

Mimi_Arc_en_ciel

Lets see how we all do with this

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 850
Partners monthly income after tax....... 162
Benefits................................ 180
Other income............................ 0
Total monthly income.................... 1192

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 395
Management charge (leasehold property).. 0
Council tax............................. 102
Electricity............................. 73 (Gas & Elec)
Gas..................................... 0
Oil..................................... 0
Water rates............................. 17
Telephone (land line)................... 0
Mobile phone............................ 50
TV Licence.............................. 12
Satellite/Cable TV...................... 40 (12 month contract incs landline)
Internet Services....................... 17
Groceries etc. ......................... 200 (includes fags, nappies baby milk etc)
Clothing................................ 50
Petrol/diesel........................... 40
Road tax................................ 12
Car Insurance........................... 40
Car maintenance (including MOT)......... 10
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1058

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
mackenzie Hall.................15384.....0.........0
A&L............................6800......0.........0
Barclays Bank..................1754......0.........0
TBI Finance....................737.......0.........0
Capital One....................679.......0.........0
Barclays CC....................1680......0.........0
Total unsecured debts..........27034.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,192
Expenses (including secured debts)....... 1,058
Available for debt repayments........... 134
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 134

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -27,034
Net Assets.............................. -27,034

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

Do not know APR's tho

LilacPixie

Are you sure you are getting everything you are entitled too?? your joint income is significantly lower than mine yet with one child we got £120 in benefits, surely 1k less income a month is orth more than a £60 pm raise.

Mimi_Arc_en_ciel

LilacPixie wrote: »

Are you sure you are getting everything you are entitled too?? your joint income is significantly lower than mine yet with one child we got £120 in benefits, surely 1k less income a month is orth more than a £60 pm raise.

we get

working tax £22 a week
child benefit £18.50 a week

only other benefit we get is income based job seekers - £90 a fortnight

~Beanie~

mommyme wrote: »

Lets see how we all do with this

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 850
Partners monthly income after tax....... 162
Benefits................................ 180
Other income............................ 0
Total monthly income.................... 1192

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 395
Management charge (leasehold property).. 0
Council tax............................. 102
Electricity............................. 73
Gas..................................... 0
Oil..................................... 0
Water rates............................. 17
Telephone (land line)................... 0
Mobile phone............................ 50 - You should be able to cut this, can you lower your tariff or go PAYG?
TV Licence.............................. 12
Satellite/Cable TV...................... 40
Internet Services....................... 17
Groceries etc. ......................... 200 (includes fags, nappies baby milk etc)
Clothing................................ 50 - You can't really afford this at the moment
Petrol/diesel........................... 40
Road tax................................ 12
Car Insurance........................... 40 - This seems high, can you get it any cheaper?
Car maintenance (including MOT)......... 10
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1058

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
mackenzie Hall.................15384.....0.........0
A&L............................6800......0.........0
Barclays Bank..................1754......0.........0
TBI Finance....................737.......0.........0
Capital One....................679.......0.........0
Barclays CC....................1680......0.........0
Total unsecured debts..........27034.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,192
Expenses (including secured debts)....... 1,058
Available for debt repayments........... 134
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 134

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -27,034
Net Assets.............................. -27,034

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

Do not know APR's tho

You are showing a surplus at the moment because you haven't included any minimum payments for your debts, you need to amend your SOA to include those.

Also, you really should try and give up the fags!

Can you increase your income in anyway - Mystery Shopping, sell stuff of EBay etc?

Mimi_Arc_en_ciel

~Beanie~ wrote: »

You are showing a surplus at the moment because you haven't included any minimum payments for your debts, you need to amend your SOA to include those.

Also, you really should try and give up the fags!

Can you increase your income in anyway - Mystery Shopping, sell stuff of EBay etc?

Thats £50 for TWO mobile phones (sorry should of made that clearer)
the clothing is mainly DD who is growing rapidly (shes a baby) but were cutting down on it but that is what we spent last month
Car insurance can not get cheaper - OH is on insurance as he needs to use car occ he has 6 points and we only have 2 yrs no claims due to accident.

Not me who smokes - tis OH, been trying to get him to quit for 5 yrs - still working on it lol

** at the moment OH not making min payments - CCCS told him to make min payment £20 whilst they sort his finances out, he can not find paperwork for APR's and hes sent off the account breakdown letters so waiting on files back**

LilacPixie

Mommyme

Can you please check with entitledto.co.uk about your entitlements. When my oldest was under 1 we got exactly the same as you but with a joint income of 30k. Surely if your partner is only getting £850 a month then you should be entitled to more.

Mimi_Arc_en_ciel

LilacPixie wrote: »

Mommyme

Can you please check with entitledto.co.uk about your entitlements. When my oldest was under 1 we got exactly the same as you but with a joint income of 30k. Surely if your partner is only getting £850 a month then you should be entitled to more.

i couldnt understand the entitled to (im dumb) so i went to CAB and they said i shouldnt even be claiming income support job seekers so im gonna ask at job centre when i go (ob must be entitled to it otherwise i wouldnt be getting it!)

ill give entitled to another go and see if i can get my head round it

thanks x

bonnie_2

also jobseekers is £60.50 a week, so should be £120 a fortnight and how do you get income based when partner is working, it should be contribution based only. Child tax credits should be about £50 a week on that income. I get £150 for 3.

Horace

You are spending a lot on your mobile phones - why not try a virgin package and get mobile, landline, tv and internet for £40 a month all in?

Baby clothes are expensive but join freecycle as you may well be able to get some from there (you need to make an offer - so have something that you need to be rid of before you can make a wanted request).

Mimi_Arc_en_ciel

i *think* we're entitled to HB but i dont have the foggiest so gonna call someone in the know tomorrow lol (im so dumb i could give dumb n dumber a run for their money!!)

Mimi_Arc_en_ciel

bonnie wrote: »

also jobseekers is £60.50 a week, so should be £120 a fortnight and how do you get income based when partner is working, it should be contribution based only. Child tax credits should be about £50 a week on that income. I get £150 for 3.

It is contribution based - i put wrong one lol but i get £47 a week
child tax only £22 - they've just sent forms back saying that is what we are to get

Horace wrote: »

You are spending a lot on your mobile phones - why not try a virgin package and get mobile, landline, tv and internet for £40 a month all in?

Baby clothes are expensive but join freecycle as you may well be able to get some from there (you need to make an offer - so have something that you need to be rid of before you can make a wanted request).

thats 2 mobile phone line rentals and call time - £25 roughly each phone on lowest one we could find

already got virgin but not got mobile package from them?

freecyle wont allow me to join (see rant board lol) at min were buying from car boots but spent a bit last month as her bday next month so brought her clothes as pressies - can not tell you what we spend a month on clothes, me n OH not had new clothes since . . . erm . . . yonks!