Here is my SOA can anybody help!

aliciaoggy

I have completed my SOA. I wasn't sure how to fill some of it out because we have a northern rock mortgage and loan in one we only pay i payment that is why the secured loan bit is blank. We looked at changing our mortgage a few months ago but it worked out that we would have to pay northern rock £1000 and the new mortgage company and we were only going to save £40.00 a month didnt seem worth changing mortgages. We have tried to apply for o% cc but refused. We have never not payed a credit card and only paid late about 3 times this year.

<===== 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................ 400
Partners monthly income after tax....... 1300
Benefits................................ 115
Other income............................ 0
Total monthly income.................... 1815

Monthly Expense Details
Mortgage................................ 740
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 107
Electricity............................. 55
Gas..................................... 55
Oil..................................... 0
Water rates............................. 19
Telephone (land line)................... 10
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
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............ 50
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 21
Contents insurance...................... 21
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 18
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1378

Assets
Cash.................................... 0
House value (Gross)..................... 110000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 110000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 85.......(740)......7.49
Secured Debt.................. 20.......(0)........7.49
Total secured debts........... 105.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
virgin credit card.............4400......70........16.6
first direct card..............2700......50........17.9
barclaycard....................700.......20........0
first direct loan..............6160......301.......8.9
mint...........................500.......20........15.9
egg card.......................600.......10........16.9
Total unsecured debts..........15060.....471.......-

Monthly Budget Summary
Total monthly income.................... 1,815
Expenses (including secured debts)....... 1,378
Available for debt repayments........... 437
Monthly UNsecured debt repayments....... 471
Surplus(deficit if negative)............ -34

Personal Balance Sheet Summary
Total assets (things you own)........... 110,000
Total Secured debt...................... -105
Total Unsecured debt.................... -15,060
Net Assets.............................. 94,835

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.

debtmuncher

aliciaoggy wrote: »

I have completed my SOA. I wasn't sure how to fill some of it out because we have a northern rock mortgage and loan in one we only pay i payment that is why the secured loan bit is blank. We looked at changing our mortgage a few months ago but it worked out that we would have to pay northern rock £1000 and the new mortgage company and we were only going to save £40.00 a month didnt seem worth changing mortgages. We have tried to apply for o% cc but refused. We have never not payed a credit card and only paid late about 3 times this year.

<===== 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................ 400 CAN YOU DO MORE HOURS?
Partners monthly income after tax....... 1300
Benefits................................ 115 WHAT ONE IS THIS FOR? HAVE YOU LOOKED INTO SEEING IF YOU CAN CAN CLAIM ANY OTHERS?
Other income............................ 0
Total monthly income.................... 1815

Monthly Expense Details
Mortgage................................ 740
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 107
Electricity............................. 55
Gas..................................... 55
Oil..................................... 0
Water rates............................. 19
Telephone (land line)................... 10
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200 FOR HOW MANY PEOPLE?
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0 IF NO CAR WHAT DO YOU USE INSTEAD?
Childcare/nursery....................... 0
Other child related expenses............ 50 THIS IS FOR WHAT?
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 21
Contents insurance...................... 21
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 18
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1378

Assets
Cash.................................... 0
House value (Gross)..................... 110000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 110000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 85.......(740)......7.49
Secured Debt.................. 20.......(0)........7.49
Total secured debts........... 105.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
virgin credit card.............4400......70........16.6
first direct card..............2700......50........17.9
barclaycard....................700.......20........0
first direct loan..............6160......301.......8.9
mint...........................500.......20........15.9
egg card.......................600.......10........16.9
Total unsecured debts..........15060.....471.......-

Monthly Budget Summary
Total monthly income.................... 1,815
Expenses (including secured debts)....... 1,378
Available for debt repayments........... 437
Monthly UNsecured debt repayments....... 471
Surplus(deficit if negative)............ -34

Personal Balance Sheet Summary
Total assets (things you own)........... 110,000
Total Secured debt...................... -105
Total Unsecured debt.................... -15,060
Net Assets.............................. 94,835

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.

just a few queries added into the above

ajaney

aliciaoggy wrote: »

I have completed my SOA. I wasn't sure how to fill some of it out because we have a northern rock mortgage and loan in one we only pay i payment that is why the secured loan bit is blank. We looked at changing our mortgage a few months ago but it worked out that we would have to pay northern rock £1000 and the new mortgage company and we were only going to save £40.00 a month didnt seem worth changing mortgages. We have tried to apply for o% cc but refused. We have never not payed a credit card and only paid late about 3 times this year.

<===== 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................ 400
Partners monthly income after tax....... 1300
Benefits................................ 115
Other income............................ 0
Total monthly income.................... 1815

Monthly Expense Details
Mortgage................................ 740
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 107 are you paying over 10 months - will the council let you spread over 12
Electricity............................. 55 *
Gas..................................... 55 *
Are there any arrears here? have you shopped around for cheapest tariff? have you checked the meter readings on your bill correspond to usage?
Oil..................................... 0
Water rates............................. 19
Telephone (land line)................... 10
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0 Have you not got any internet access at home
Groceries etc. ......................... 200
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0 No car?
Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50 Whats this?
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 21
Contents insurance...................... 21 This seems high - £504 for a year :eek: Shop around & use a cashback site to buy
Life assurance ......................... 0 You should have this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 18
Haircuts................................ 20 How many is this for? How often?
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1378

Assets
Cash.................................... 0
House value (Gross)..................... 110000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 110000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 85.......(740)......7.49
Secured Debt.................. 20.......(0)........7.49
Total secured debts........... 105.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
virgin credit card.............4400......70........16.6
first direct card..............2700......50........17.9
barclaycard....................700.......20........0
first direct loan..............6160......301.......8.9
mint...........................500.......20........15.9
egg card.......................600.......10........16.9
Total unsecured debts..........15060.....471.......-

Monthly Budget Summary
Total monthly income.................... 1,815
Expenses (including secured debts)....... 1,378
Available for debt repayments........... 437
Monthly UNsecured debt repayments....... 471
Surplus(deficit if negative)............ -34

Personal Balance Sheet Summary
Total assets (things you own)........... 110,000
Total Secured debt...................... -105
Total Unsecured debt.................... -15,060
Net Assets.............................. 94,835

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.

A few pointers to start you off. Let us know how many people this is for.

aliciaoggy

No we are'nt in arrears we are trying not to have the heating on during the day just in the evening for a few hours and for an hour in the morning. My husband works for virgin media so we get internet, tv and line rental free. My husband has a company van which he pays extra tax for. I dont drive so my husband drops me to work when he can or i walk the 30 mins weather permitting. Child related expenses I rounded this figure up I pay nearly £40.00 a month for school dinners and the other is for dance. My daughter has only just started school and is finding lunch times a bit difficult at the moment She was taking sandwiches but went onto the school dinners. I have my haircut about every 4 months £35.00 if I have it coloured its £65.00 but I'm not having it couloured anymore to save money. £35.00 is probably a lot to pay but I have used the same hairdresser for 13 years and wouldn't trust anybody else. The groceries are for 3 people i budget £50 a week.

debtmuncher

do you not get any tax credits?

aliciaoggy

I get £40 a month tax credts and £75.00 child benefit.

ajaney

Thanks for your clarifications.

Electric/Gas: Have you checked your meters against the most recent bills? Have you got energy saving lightbulbs?

Buildings insurance..................... 21
Contents insurance...................... 21
These seem high at £504 a year. Mine is £267 for 3 bed bungalow with 2 high value items & having had 2 smallish claims in 3 years

debtmuncher

cheers for that....i think it might be possible to skim another 50 / 40 off the total of your monthly shopping.

what i do is i do it online....tescos for the clubcard points! i do a menu planner for the week (but sometimes its best for an online shopping for small costs to be done fortnightly to take advantage of one delivery payment only) but if any bogof deals then i change the menu to fit that in. i check out hotukdeals for a discount code as that greatly helps to get costs down. do a few main meals veggie to get costs down. buy it all fresh...it costs very little to make your own pasta/curry sauces. moneysaving old style is a good forum. another plus point of online shopping is you dont get the urge to put treats in as you odnt see them!! nothing worst than going around with my mob and each of them are trying to throw in various treats and i am trying to throw them back out again!:rotfl:

aliciaoggy

Hi thanks for all your replies. I have checked the house insurance it did go up a few months ago because we got broken into but we are also paying a few pounds extra I think its something to do with if we need help with legal stuff so we could take that off the house insurance. I do sometimes shop online and I am trying to be a bit more organised with meals. I can sort this out its really the credit cards and mortgage where I get a bit stuck any ideas?

debtmuncher

you could always pop over to the credit card forum and ask about 0 % cards but would you be accepted for one? dont know how your credit rating is.