a very vague SOA !! need help please x

natfig

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 800.67
Partners monthly income after tax....... 0*
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 800.67

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 160
Electricity............................. 0*
Gas..................................... 0*
Oil..................................... 0
Water rates............................. 0*
Telephone (land line)................... 12
Mobile phone............................ 70
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0*
Clothing................................ 0*
Petrol/diesel........................... 120
Road tax................................ 110
Car Insurance........................... 50
Car maintenance (including MOT)......... 0*
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.................. 1034

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 3000

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
mastercard.....................2500......65........0
flexiloan......................3000......120.......0
overdraft......................1000......0.........0
motorbike(black horse..........7.208.....0.........0
Total unsecured debts..........6507.21...185.......-

Monthly Budget Summary
Total monthly income.................... 800.67
Expenses (including secured debts)....... 1,034
Available for debt repayments........... -233.33
Monthly UNsecured debt repayments....... 185
Surplus(deficit if negative)............ -418.33

Personal Balance Sheet Summary
Total assets (things you own)........... 3,000
Total Secured debt...................... -0
Total Unsecured debt.................... -6,507.21
Net Assets.............................. -3,507.21

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

======== Enter any other useful information below ========
There are 2 adults in the house no children reside but my OH daughter stays with us 3 nights a week and will be living with us full time shortly x


ok guys this is all i could fill out any help filling the rest out would be great as i just cant get my head round it all

1. where should i put the debt of the house that got repossesed ? will be about 60,000!!
2.what should i put for utility bills as i havent had any yet?
3.what should i put for the rest of the blanks without putting too much down?
4.what should i put down for my partners wage? (it changes every week)?
* things that i need to fill in are marked with an asterix

i know this SOA is a bit vague but i truly do not know what to put down

thanx nat xx

PS. just found out the house that got repo'd didnt sell at auction will that put a hold on me going bankrupt?

natfig

anybody online that can help me fill my SOA out? x

nat xx

slummymummyof3

Your mobile phone costs are massive - is this pay as you go or contract? Your council tax seems very steep - what band property are you in?
Car tax - have you put in the annual amount for 1 month?
Car insurance seems expensive - when is renewal? Try using cashback site for purchasing insurances etc (try topcashback.co.uk, quidco.com, cashbackkings.co.uk)

slummymummyof3

with regard to your utility bills, what sized house is it? How many beds? Gas ch? Water meter or water rates? What sort of figures have you previously paid in other accomodation and was this sufficient?
Contact your local water board and let them know you are living there and they will be able to tell you how much rates are if this ia applicable

natfig

mobile phone bill is for 2 phones 1 mine 1 my partners but both are under my name should i just put my phone down?

we are in council tax band C but because they took time in calculating our payments we ended up in arrears so they are 160 pounds a month for this year!!

the car tax is for the year should i just work it out to a month?

my car insurance is high due to moving a few times and being charged for the postcode change!! not sure when renewal is think it might be around october time

nat xx

natfig

its a 3 bed 3 storey townhouse with gas CH, water rates i think not sure as the letting company said they were sorting all the utilities for us!!

nat xx

deedee_3

natfig wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 800.67
Partners monthly income after tax....... 0*
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 800.67

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 160
Electricity............................. 0* How much did you use to pay? Is there much difference in the water/heating systems of your old and this house.
Gas..................................... 0*
Oil..................................... 0
Water rates............................. 0* Ring your water company and ask
Telephone (land line)................... 12
Mobile phone............................ 70 Is this one or 2 mobiles? If 2 then just put 1 down, your OH will pay his own. If one this is high and you will have to cut this.
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0* Put down what you usually spend
Clothing................................ 0* £50ish
Petrol/diesel........................... 120
Road tax................................ 110 This high.Is this a year? Have you divided it by 12.
Car Insurance........................... 50
Car maintenance (including MOT)......... 0* £20/30 ish
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0* £10 each prescriptions, opticians, dentists
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 Do you not have this?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0* £20 but may be cut. Some OR's allow some don't.
Haircuts................................ 0* £10
Entertainment........................... 0* zero, not allowed
Holiday................................. 0* £40
Emergency fund.......................... 0* £20 some allow some don't
Total monthly expenses.................. 1034

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 3000

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
mastercard.....................2500......65........0
flexiloan......................3000......120.......0
overdraft......................1000......0.........0
motorbike(black horse..........7.208.....0.........0
Total unsecured debts..........6507.21...185.......-

Monthly Budget Summary
Total monthly income.................... 800.67
Expenses (including secured debts)....... 1,034
Available for debt repayments........... -233.33
Monthly UNsecured debt repayments....... 185
Surplus(deficit if negative)............ -418.33

Personal Balance Sheet Summary
Total assets (things you own)........... 3,000
Total Secured debt...................... -0
Total Unsecured debt.................... -6,507.21
Net Assets.............................. -3,507.21

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

======== Enter any other useful information below ========
There are 2 adults in the house no children reside but my OH daughter stays with us 3 nights a week and will be living with us full time shortly x


ok guys this is all i could fill out any help filling the rest out would be great as i just cant get my head round it all

1. where should i put the debt of the house that got repossesed ? will be about 60,000!!
2.what should i put for utility bills as i havent had any yet?
3.what should i put for the rest of the blanks without putting too much down?
4.what should i put down for my partners wage? (it changes every week)? You need to just put down how much he contributes to the household bills that are a joint responsibility. Not his full wage.
* things that i need to fill in are marked with an asterix

i know this SOA is a bit vague but i truly do not know what to put down

thanx nat xx

PS. just found out the house that got repo'd didnt sell at auction will that put a hold on me going bankrupt? No it won't.

Some ideas for you.

natfig

thanx deedee gonna go and amend my SOA and i will repost for further comments x

nat xx

natfig

ok guys thanx for your help this is my amended SOA any more comments would be greatly appreciated x


Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 800.67
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 800.67

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 160
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 12
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 50
Petrol/diesel........................... 120
Road tax................................ 10
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 10
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1269

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 3000

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
mastercard.....................2500......60........0
flexiloan......................3000......120.......0
overdraft......................1000......0.........0
motorbike(blackhorse)..........7208......150.......0
Total unsecured debts..........13708.....330.......-

Monthly Budget Summary
Total monthly income.................... 800.67
Expenses (including secured debts)....... 1,269
Available for debt repayments........... -468.33
Monthly UNsecured debt repayments....... 330
Surplus(deficit if negative)............ -798.33

Personal Balance Sheet Summary
Total assets (things you own)........... 3,000
Total Secured debt...................... -0
Total Unsecured debt.................... -13,708
Net Assets.............................. -10,708

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

======== Enter any other useful information below ========
there are 2 adults in the house no children reside but my OH daughter
stays with us 3 nights a week and will be living with us full time
shortly x
1. where should i put the debt of the house that got repossesed ? will be about 60,000!!

2.what should i put for utility bills as i havent had any yet? and didnt have any at my last place as they were included in the rent

3.what should i put down for my partners wage?

natfig

oh yeah and do i need contents insurance as i think the CAB lady said that i do!!

nat xx

(i know lots of questions but you guys have helped me out so much thank you x )

purplepinhead

Hi, I had my OR interview last week so I will just tell you what he said (but they are all different so this is just my case)
Mobile £35.00
Water £20 (3 bed house)
Emergency £20.00
Clothes £30.00 (me and my son)
Not allowed dental
Not allowed interests
food etc £300.00
Fuel £120.00
My excess was £150.00 and I have to pay £75.00 for 36 months