My new SOA

dalip

Ok what a lot of you are forgetting is you can put what you like down for expenses,but the OR will not allow certain ones. Sky is a big NO NO,no matter what you put down or what reason it will not be allowed.The OR has certain guidelines to follow and thats what we go on here.

I have not followed Queen's posts so i am not entirely sure this I&E is for bc or a dmp. If bc then let me know who is going bc,how many in the house and i will go over it if you want.D

Queen

Hi, sorry just looked at soa and I have included school meals, no bust service to school from where we live, sometime we walk but its over 2 1/2 miles, life insurance is joint with critical illness, if we cancel this is would be more expensive next time and would not cover existing illness's, sky I will check again, do have any entertainment but was told that I should put somthing to compensate for the other things I have put nil

MollyBear

dalip wrote: »

Ok what a lot of you are forgetting is you can put what you like down for expenses,but the OR will not allow certain ones. Sky is a big NO NO,no matter what you put down or what reason it will not be allowed.The OR has certain guidelines to follow and thats what we go on here.

I have not followed Queen's posts so i am not entirely sure this I&E is for bc or a dmp. If bc then let me know who is going bc,how many in the house and i will go over it if you want.D

I realise that the OR doesnt allow sky thats why we never bothered trying to have it on ours lol. I was just saying that to save herself money she could cut it right down if she isn't going BR and just trying to do a DMP instead.
I too am unsure which path she is taking yet, but then again she may be still unsure herself, I know I was for a long time.

tigerfeet2006

Queen I have just done a long reply on your other thread. I'll transfer it over then read what the other guys have said here.

tigerfeet2006

Quote:
Originally Posted by 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 this is high does it include arrears?
Gas..................................... 67ditto?
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 44
Mobile phone............................ 75this is to high OR will cut this to about £30/40. Are you on a contract?
TV Licence.............................. 11
Satellite/Cable TV...................... 47 This is not an allowable expense in BR and will have to come out of your surplus
Internet Services....................... 18 ditto
Groceries etc. ......................... 400 this can be upped to £450 if needs be.
Clothing................................ 50
Petrol/diesel........................... 80
Road tax................................ 17
Car Insurance........................... 53 Very high
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 45 Is this clubs/ activities?
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 30 very high OR will probably cut to £20
Buildings insurance..................... 35
Contents insurance...................... 0 You need this
Life assurance ......................... 55 This is high can it be reduced
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 OR probably won't allow this, but leave and see.
Haircuts................................ 20 £10 per adult £5 per child
Entertainment........................... 50 Not allowed
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2344



Areas where you can reduce your outgoings are electricity/gas. Go on to USwitch and see if you can get a better deal.

If your mobiles are on contract, stop paying and buy cheap PAYG ones, then you can only top up if you have money and it concentraits the mind about using it. The contract will go into your BR

Internet and Sky will have to come out of any surplus you have. Why not talk to sky and get their phone/sky/internet deal? Also reduce your Sky package. We have the £21 a month one and that is fine.

Go through the comparison sites to reduce your car insurance and life insurance. Will get a link.

Also pet insurance and you must get contents insurance.

Hopefully that will get your bills down.

Link for you http://www.moneysavingexpert.com/insurance/

skylight

Queen wrote: »

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 With BR, this debt would go into that - so NPower can get lost. This would then be £60 usage and perhaps less if you changed suppplier
Gas..................................... 67
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 44 Cut it to free weekends (landline calls only) £15
Mobile phone............................ 75 Has to go or cut down big time. Half on PAYG. If BRm then these contracts will be included. £35
TV Licence.............................. 11
Satellite/Cable TV...................... 47 Has to go or cut down big time. If going BR, then that will fall as a debt if still in contract if you want it to then keep the box and use freeview - £00
Internet Services....................... 18 You could get this cheaper.
Groceries etc. ......................... 400 £250 - is more than enough for your family if you put your mind to it. See the Old style Board for the best tips/recipes etc on the web!
Clothing................................ 50 For the time being, this will have to go to almost nothing. £00
Petrol/diesel........................... 80 Use the car less. Essentials only. £60
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 Unless this is urgent, then it will have to go for a while. If school meals, then packed lunches - see old style £00
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 30
Buildings insurance..................... 35 You can get this cheaper elsewhere. As long as you do not have a tie-in with your mortgage. £20
Contents insurance...................... 0 You should have something, even basic cover £15
Life assurance ......................... 55
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20 Grow your hair or you buy scissors and do it yourself for the family. £00
Entertainment........................... 50 Can't afford it. £00
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2344 1872

I know and understand that your head is spinning right now, but if your OH is not working and not able to work, then without huge cutbacks, there is no way you are going to be able to keep your house.

I have never been this mean on any SOA - not even my own. But there is no way that you can live a reasonable life and slogg it out for the sake of the house.

Please do not be offended. If your figures and situation are accurate (which I am sure that it very much is), then from where I am standing/reading, its OH health or the house. You cannot do both.

And its not a choice I would be happy making, or trying to sort out.


xx

tigerfeet2006

Would a comparable size rental property be less than the £945 you are paying for mortgage and secured loan?

If you go for voluntary repo. and BR. You need to stop paying mortgage, SL, debts but carry on paying essentials like utilities, council tax etc. Save the money for your deposit and BR fees. Move into a rental property and then go BR.

Queens reply to yhis from the other thread

Hello Tigerfeet, rental property would be approx £650-£750 we down graded but rental on same property would be £800, so yes this would be cheaper but worried about being in rented having to keep moveing if only short term let, and we would need to re-home our dogs, as every advert states no pets

MollyBear

Skylight I don't think your comments are mean or offending really, sometimes people need a start reality check, I know I did! It got my head out of the sand and we sorted ourselves out, now we are (just) BR it feels a heck of a lot better already!

Queen I understand how confusing and upsetting this all is, I also know your fears about renting and having to move etc.

We ended up giving our house up for volo repo (still in process) and we actaully rehomed our dogs a while before decding to go BR. At the end of the day I know you must love your pets but your priority is your kids and hubby, not pets.

Do you have anyone who could take the dogs on for you for a while till you find somewhere private that takes them or a council property?

My mum and dad also have just had to rehome their dog due to moving, but they needed a roof over their heads as do you.

Please remember no one here is out to upset you or be judgemental, sometimes posts seem harsh when its not intended to be.

Keep posting, all the best.

Molly
x

MollyBear

We have had to move into a private house for a lot less a month but its not exactly our ideal home. Its a bedroom short, gardens are a mess, needs decorating, no pets, 6 months lease lol etc etc

Its nerve wrecking thinking we might have to move again soon and disrupt the kids even more, but we can definatley say the risk of having to move again so soon outways the risk of staying in a house we couldnt afford to live in or upkeep.

tigerfeet2006

Ring Sky and ask about there Sky Talk Surf package. I am sure they will transfer you and put you on the lower packages without worrying that you are in a 12 months contract.

My last Sky bill was £60 and that was for my Sky, telephone and Internet and we have made lots of calls as my MIL is ill at the moment. Before I transfered my last telephone bill was £75 :eek: so a big saving for me