Please could you have a look at my SOA

redfraggle76

Thanks Tigerfeet, i'll make the amendments xx

MollyBear

redfraggle76 wrote: »

Hi all,
I have put up our I & E, please could you have a look at it for me to check ive included everything that is allowed & not included things that are disallowed.

Income:
My wages 0
OH wages 1744
CTC 456
CB 277
Total: 2477

Expenditure:
Rent 900
Food 700 780.00
Gas 50
Electric 80
Water 35
Council Tax 180
Contents insurance 15
Phone 50
Tv Licence 12
Hairdressing 45
Clothes 150
Holidays / Christmas 70 change to holidays 50.00
Dentist & Opticians 15 30 opticians 20 dentist
Prescriptions 10 20
Pet Insurance 10
Children's Activities 25 ours are 60 approx 10 a child
Transport 100
Home maintenance 40.00
Work meals? 20 ours
school meals? 120 ours
xmas & birthdays 115.00


Total: £2742
Total:2447

This is for 2 adults & 5 children aged 11,11,10,6 & 15months.
Thankyou in advance xx

We have 2 adults and 5 kids too.
Though our OR interview is tommorrow so don't know if it's all allowed or not yet.
Hope this helps a little.

Molly
x

Sunk

Up your food.
We are a family of 5 & I put down £780.00.

redfraggle76

Thanks Molly, hope everything goes ok with OR tomorrow, I know you'll have other things on your mind but could you let me know how you go on with your I & E?
Thanks & Good luck xx

Sunk

Just thought I would add redfraggle that your incoming/outgoings are very similar to ours.
I rang the OR this morning as I have not heard since going BR 4months ago.
No IPA!!!!!!!:j

No news is good news!

redfraggle76

Thanks Sunk, the more advice I get the more im convinced it's the right decision. Still feel sick with worry though xx

MollyBear

RedFraggle, I was and still am exactly the same. The more I read on these forums the less panicky I am and the stronger I feel. Reading these posts just confirmed for me what I had decided to do was right for us, now it's done and I'm really glad. My last stage is the OR interview, but really after it's all done our lives will change immensly for the better. We have actually had money instead of just bills and have even afforded to buy little treats for the kids since, simple things like sweets, pizzas etc, but they make a HUGE difference when you haven't had them before, or for a long time, or if you did have a take-away you were constantly worried for a week afterwards about the bill money you just spent on it....

Keep chanting this: It DOES get better... I AM doing the right thing.

Cheesy but it helps lol.

Molly
x

lawz_2

Hi.im New On Here And After Some Advice...
I Wanted To Know Also...i Have Been Speaking With Cccs And Have Got A Dmp Agreement But Nothing Signed Yet...i Think Br Is The Best Way For Us...family Of 4...2 Adults 2 Kids...
What Happens Exactly I Think Ineed Step By Step ....hope Someone Understands Me...
Alos For Some Reason Im Not Really Worried About Goin Br Im Actually Pretty Excited To Have My Dept Writtien Off...or Is There Something I Dont Know???
Is It Poss Anyone Could Take A Look At My Soa Pleeeease

Thanx

lawz_2

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1002
Benefits................................ 582
Other income............................ 0
Total monthly income.................... 1584

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 303
Management charge (leasehold property).. 0
Council tax............................. 82
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 25
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 308
Clothing................................ 53
Petrol/diesel........................... 70
Road tax................................ 15
Car Insurance........................... 38
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 30
Childcare/nursery....................... 0
Other child related expenses............ 15
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)...... 20
Haircuts................................ 15
Entertainment........................... 40
Holiday................................. 20
Emergency fund.......................... 20
(Unnamed monthly expense)............... 0
income tax.............................. 83
Total monthly expenses.................. 1274

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
barclay card...................8500......25........0
vanquis........................1107......25........0
equity.........................200.......25........0
citicard.......................547.......15........0
cap one........................526.......15........0
cap one........................565.......15........0
eggloan........................11846.....15........0
eggcard........................3509......15........0
monument.......................1059......20........0
hsbc...........................19400.....180.......0
littlewoods....................959.......15........0
Total unsecured debts..........48218.....365.......-

Monthly Budget Summary
Total monthly income.................... 1,584
Expenses (including secured debts)....... 1,274
Available for debt repayments........... 310
Monthly UNsecured debt repayments....... 365
Surplus(deficit if negative)............ -55

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total Secured debt...................... -0
Total Unsecured debt.................... -48,218
Net Assets.............................. -47,718

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

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