SOA -at last

ihatepotnoodle

Statement of Affairs and Personal Balance Sheet
I have at last posted ny SOA. With regards to the CC's, i have applied for o% balance transfer and/or low interest balance transfer and I have been turned down, guess I have too much. My loans are unsecured and are fixed, so nothing to do but pay them, one is 4 years and the other has 9 years to run.

I live on my own as my son has moved out to study in University.

To reduce my debt further I sold my car and now use public transport or walk. I don't have anything else to sell that would make a dent in my debts apart from some items now and again on e bay and Amazon.

I hope i have posted this correctly and that it is in the corrrect place, please someone tell me if it is in the wrong place.

According to the snowball calculator, if I continue as I am i will have paid my cards off by 2012.

Please have a good look at my SOA and let rip! My only entertainemnt is sky, sad but true.

Monthly Income Details
Monthly income after tax................ 2418
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2418

Monthly Expense Details
Mortgage................................ 979
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 77
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 12.35
Mobile phone............................ 5
TV Licence.............................. 11.45
Satellite/Cable TV...................... 17
Internet Services....................... 18 I am locked into contract until Feb 09
Groceries etc. ......................... 100 -includes the odd cup of coffee with work colleagues.
Clothing................................ 15
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 78 -bus pass
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 5.66
Contents insurance...................... 4.16
Life assurance ......................... 0
Other insurance.......................0..
Presents (birthday, christmas etc)...... 15
Haircuts................................ 7
Entertainment........................... 5
Holiday................................. 0
Emergency fund.......................... 10(Unnamed monthly expense)............... 0
boiler maintenance...................... 5
cashback healthplan..................... 19.50 - I am looking for a cheaper policy, any advice heer would be appreciated.
mortgage insurance...................... 56.75
Total monthly expenses.................. 1585.62

Assets
Cash.................................... 0
House value (Gross)..................... 155000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 155000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 133500...(979)......6.24
Total secured debts........... 133500....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
P/Loan.........................25000.....293.......8.7
P/loan.........................6000......127.9.....8.7
CC.............................2850......15.9......145
O/D............................5200......27........6.9
CC.............................1950......40........6.9
CC.............................3000......76........15.9
CC.............................4045......90........6.9
CC.............................3500......76........19.9
Total unsecured debts..........51545.....745.8.....

Monthly Budget Summary
Total monthly income.................... 2,418
Expenses (including secured debts)....... 1,585.62
Available for debt repayments........... 832.38
Monthly UNsecured debt repayments....... 745.8
Surplus(deficit if negative)............ 86.58

Personal Balance Sheet Summary
Total assets (things you own)........... 155,000
Total Secured debt...................... -133,500
Total Unsecured debt.................... -51,545
Net Assets.............................. -30,045

Deep_In_Debt

Hi
Can you get rid of the clothing and satellite for now? You can get Freeview through your satellite box. Rubbish on the box anyway!

Also, can you look into getting a water meter? I had one fitted for free and now save over £20.00 per month.

ihatepotnoodle

Hi

Thanks for replying, I am on a water meter and I average 150 every 6 months, that's as low as I have managed so far, yes, you are right, I should get rid of sky.

Cheers

ajaney

ihatepotnoodle wrote: »

Statement of Affairs and Personal Balance Sheet


Monthly Income Details
Monthly income after tax................ 2418
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2418

Monthly Expense Details
Mortgage................................ 979
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 77
I presume this includes single person discount

Electricity............................. 35
Gas..................................... 35
These are within range but have you checked you are with the best company? Have you compared the meter readings with the last bills?
Have you got low energy bulbs?

Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 12.35
Mobile phone............................ 5
TV Licence.............................. 11.45
Satellite/Cable TV...................... 17
Internet Services....................... 18 I am locked into contract until Feb 09
Start looking around for a package - Virgin do cable packages / Sky also do a package. Be ready to move as soon as you can

Groceries etc. ......................... 100 -includes the odd cup of coffee with work colleagues.
Clothing................................ 15
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 78 -bus pass
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 5.66
Contents insurance...................... 4.16
Life assurance ......................... 0
Other insurance.......................0..
Presents (birthday, christmas etc)...... 15
Haircuts................................ 7
Entertainment........................... 5
Holiday................................. 0
Emergency fund.......................... 10(Unnamed monthly expense)............... 0
boiler maintenance...................... 5
cashback healthplan..................... 19.50 - I am looking for a cheaper policy, any advice heer would be appreciated.
mortgage insurance...................... 56.75
This seems quite pricey. is it tied to the mortgage? try the comparison sites like moneysupermarket.com & but through a cashback site like quidco
Total monthly expenses.................. 1585.62

Assets
Cash.................................... 0
House value (Gross)..................... 155000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 155000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 133500...(979)......6.24
Total secured debts........... 133500....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
P/Loan.........................25000.....293.......8.7
P/loan.........................6000......127.9.....8.7
CC.............................2850......15.9......145
O/D............................5200......27........6.9
CC.............................1950......40........6.9
CC.............................3000......76........15.9
CC.............................4045......90........6.9
CC.............................3500......76........19.9
Total unsecured debts..........51545.....745.8.....

Monthly Budget Summary
Total monthly income.................... 2,418
Expenses (including secured debts)....... 1,585.62
Available for debt repayments........... 832.38
Monthly UNsecured debt repayments....... 745.8
Surplus(deficit if negative)............ 86.58

Personal Balance Sheet Summary
Total assets (things you own)........... 155,000
Total Secured debt...................... -133,500
Total Unsecured debt.................... -51,545
Net Assets.............................. -30,045

Hope those few pointers help. A Lodger would be a good way to get some more cash in - would you consider that?

ihatepotnoodle

Yes, the CT includes discount, mortgage insurance is level term and the cheapest I could get for my age and the fact that I have a few health problems which bummped the premium up.