My new SOA

Queen

<===== Copy and paste EVERYTHING below this line into your MSE post =====>


Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1250
Partners monthly income after tax....... 360
Benefits................................ 267
Other income............................ 0
Total monthly income.................... 1877

Monthly Expense Details
Mortgage................................ 825
Secured loan repayments................. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 144
Electricity............................. 90
Gas..................................... 67
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 44
Mobile phone............................ 75
TV Licence.............................. 11
Satellite/Cable TV...................... 47
Internet Services....................... 18
Groceries etc. ......................... 400
Clothing................................ 50
Petrol/diesel........................... 80
Road tax................................ 17
Car Insurance........................... 53
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 45
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 30
Buildings insurance..................... 35
Contents insurance...................... 0
Life assurance ......................... 55
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2344

Assets
Cash.................................... 0
House value (Gross)..................... 185000
Shares and bonds........................ 0
Car(s).................................. 2750
Other assets............................ 0
Total Assets............................ 187750

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(825)......5.99
Secured Debt.................. 17000....(120)......7.1
Total secured debts........... 182000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
RBS............................20200.....0.........0
Barclaycard....................750.......0.........0
Barclaycard....................450.......0.........0
Barclays.......................3600......0.........0
Egg............................2000......0.........0
Next...........................800.......0.........0
HFC............................1500......0.........0
HFC............................1100......0.........0
Total unsecured debts..........30400.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,877
Expenses (including secured debts)....... 2,344
Available for debt repayments........... -467
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ -467

Personal Balance Sheet Summary
Total assets (things you own)........... 187,750
Total Secured debt...................... -182,000
Total Unsecured debt.................... -30,400
Net Assets.............................. -24,650

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

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful. I have cut back on everything I can think of, contract on mobiles have at least 12 months remaining so does sky and we have no reception from an aerialso our only form of t.v. is sky

ClaireLR

Why do you not have anything for hols?? You should be allowed £20 per person

MollyBear

ClaireLR wrote: »

Why do you not have anything for hols?? You should be allowed £20 per person

Not neccessarily, we are a family of 7 and were only allowed £50 a month for all of us.

ClaireLR

I was allowed £20 but that was just for me, I'm sure the guidelines are for £20 pp - £50 a month wouldn't go very far for a holiday for 7 people!!

MollyBear

Your clothes is a bit low compared to things like sky, I can understand about wanting it due to no aerial, but you could lower it to the basic package which is around 15-17 a month?? We have no aerial either and no sky, we have our TV aerial plugged into an old cable box to pick up channels 1-5!

MollyBear

ClaireLR wrote: »

I was allowed £20 but that was just for me, I'm sure the guidelines are for £20 pp - £50 a month wouldn't go very far for a holiday for 7 people!!

Tell me about it! We thought 20 each too but was quite shocked with 50 between us!! Although for us something is better than nothing as we dont holiday at all and havent for years.

Queen

Hi, thanks for all comments, no chance of going on holiday, havn't included school taxi fare of £100 per month or school meals as I have been told these are a luxery, Sky advised that in 12 month contract and lowest package anyway.

MollyBear

Queen wrote: »

<===== Copy and paste EVERYTHING below this line into your MSE post =====>


Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1250
Partners monthly income after tax....... 360
Benefits................................ 267
Other income............................ 0
Total monthly income.................... 1877

Monthly Expense Details
Mortgage................................ 825
Secured loan repayments................. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 144
Electricity............................. 90
Gas..................................... 67
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 44
Mobile phone............................ 75 is this contract?
TV Licence.............................. 11
Satellite/Cable TV...................... 47 try to lower
Internet Services....................... 18
Groceries etc. ......................... 400
Clothing................................ 50 maybe a little low for 4?
Petrol/diesel........................... 80
Road tax................................ 17
Car Insurance........................... 53
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 45 ??
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 30
Buildings insurance..................... 35
Contents insurance...................... 0
Life assurance ......................... 55 isnt this expensive? is it for two?
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 50 what entertainment?
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2344

Assets
Cash.................................... 0
House value (Gross)..................... 185000
Shares and bonds........................ 0
Car(s).................................. 2750
Other assets............................ 0
Total Assets............................ 187750

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(825)......5.99
Secured Debt.................. 17000....(120)......7.1
Total secured debts........... 182000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
RBS............................20200.....0.........0
Barclaycard....................750.......0.........0
Barclaycard....................450.......0.........0
Barclays.......................3600......0.........0
Egg............................2000......0.........0
Next...........................800.......0.........0
HFC............................1500......0.........0
HFC............................1100......0.........0
Total unsecured debts..........30400.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,877
Expenses (including secured debts)....... 2,344
Available for debt repayments........... -467
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ -467

Personal Balance Sheet Summary
Total assets (things you own)........... 187,750
Total Secured debt...................... -182,000
Total Unsecured debt.................... -30,400
Net Assets.............................. -24,650

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

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful. I have cut back on everything I can think of, contract on mobiles have at least 12 months remaining so does sky and we have no reception from an aerialso our only form of t.v. is sky

Your life cover seems a bit high, we got cover for two for 20 a month a short while back. We cancelled it completely when we started to struggle.

Your sky could be lowered, its amazing how you get used to having 5 channels when your skint lol.

Are your mobiles contracts? Is it for 2? Check if you can get a better deal if you havent already.

Clothing for 4 seems a bit low.

What are the child expenses? Are they vital?

What does entertainment cover?

ClaireLR

I wouldnt have thought school meals count as a luxury?? But could be wrong. Is there any other way to get to school other than taxi? If not then I cant see the harm putting it down (I would anyway), if you dont ask you dont get!!!

MollyBear

Queen wrote: »

Hi, thanks for all comments, no chance of going on holiday, havn't included school taxi fare of £100 per month or school meals as I have been told these are a luxery, Sky advised that in 12 month contract and lowest package anyway.

Fair enough about the contract, but surely this isnt the lowest package? You can get a mix of 2 entertainment packages for 17 a month, multiroom is only an extra 10 a month and skyplus is free now.???

MollyBear

ClaireLR wrote: »

I wouldnt have thought school meals count as a luxury?? But could be wrong. Is there any other way to get to school other than taxi? If not then I cant see the harm putting it down (I would anyway), if you dont ask you dont get!!!

School meals are not a luxury and are not seen as so, three of my kids get school meals now and were allowed them.