Soa

richard9991

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 658
Other income............................ 0
Total monthly income.................... 658

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 48
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 44
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 29
Mobile phone............................ 10
TV Licence.............................. 22
Satellite/Cable TV...................... 19
Internet Services....................... 11
Groceries etc. ......................... 140
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
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...................... 18
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 431

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
loan...........................5149......60........19
loan...........................1409......80........182
loan...........................395.......44........18
loan...........................320.......40........220
Total unsecured debts..........7273......224.......-

Monthly Budget Summary
Total monthly income.................... 658
Expenses (including secured debts)....... 431
Available for debt repayments........... 227
Monthly UNsecured debt repayments....... 224
Surplus(deficit if negative)............ 3

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -7,273
Net Assets.............................. -7,273 can anyone make any sense of this lot yhanks

bexxie90

Am a bit unclear with what you need help with? Are you finding the above hard to cope with as am assuming that's why you have posted your SOA. If it is that you are having probs meeting one or two things I can see where you can save in certain areas but will wait your reply first.

There are lots of lovely people who will be here soon.
All the best

GeorgeUK

Hi Richard

Are you staying with your folks, hence no council tax?
How many people are these groceries for?
Have you looked at getting a package for internet, satellite and phone?
Why are you paying for two tv licences?

LoulaBelle

You can cut clothing/haircuts/satellite and entertainment back.

How many people is this for? how many room (bedrooms) do you have in the property? more than one - you can rent the other out

Will check the thread later in the mornning (probably about 3 - 4am) as I have to get son to bed!!!!!!

Keep posting with more info

Loulabelle

richard9991

GeorgeUK wrote: »

Hi Richard

Are you staying with your folks, hence no council tax?
How many people are these groceries for?
Have you looked at getting a package for internet, satellite and phone?
Why are you paying for two tv licences?

i live alone on income support so no ct
groceries for self inc cleaning stuff plus special diet medical reason
not paying for 2 tv licences only one did not have tv till 2 weeks ago

savingholmes

To give you an example - if you change to talk talk - through quidco - get £50 from quidco and reduce your phone, internet bill to £16.95 per month... Doing something like that would make things a little easier for you financially. What is it you are trying to achieve - quicker debt repayment or living within your means or what?

If you look at the £10 a day challenge - you could try and make some extra cash - which you could then use to pay off your debts quicker....

~Beanie~

Just from a quick glance:

- you don't need (and can't really afford) cable/satellite TV
- you can definately cut that groceries budget
- entertainment can also be cut
Who are all the loans with? Those APRS are horrendous :eek: for such small loans, what on earth were they for?

Do you have anything you can sell on EBay?

Bismarck

welcome and well done for posting....will try and have a look at this in the morning as it's a bit late now....

tealady

Hi. If I were you I would ditch either the landline or the mobile. If you keep the mobile make it a PAYG and either text or email people. Do you have a library nearby? A lot of Councils provide free internet access for people so you could get rid of that as well.

richard9991

~Beanie~ wrote: »

Just from a quick glance:

- you don't need (and can't really afford) cable/satellite TV
- you can definately cut that groceries budget
- entertainment can also be cut
Who are all the loans with? Those APRS are horrendous :eek: for such small loans, what on earth were they for?

Do you have anything you can sell on EBay?

provident loans was told by cccs that £140 pm was ok given special diet and cleaning gear and toilletrys

Jacks_xxx

:hello: Sweetie, are those APR's really 220 and 182? :eek:

I'm ever so sorry but I can't see many places to make cuts - all I can really suggest is that you use the phones as little as possible and only buy clothes when you absolutely must.

Hanging out on the Moneysaving Old Style board would probably give you some ideas for how you could shave some money off your grocery bill and still accomodate your dietary requirements.

I think £15 a week for entertainment is pretty reasonable so I wouldn't suggest that you cut that down by much - but of course if you did you could make bigger inroads into your debts.

Have you looked at other options such as bankruptcy as a possibility?

Sorry not to be more help.

Love Jacks xxx