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SOA help please

Hi, just trying to sort out an updated SOA for my OR interview this week - is there anything I've forgotten? My household consists of 1 adult and 1 teenager (at the moment), thanks

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 320
Partners monthly income after tax....... 0
Benefits................................ 643
Other income............................ 172
Total monthly income.................... 1135


Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 276.12
Management charge (leasehold property).. 0
Council tax............................. 80
Electricity............................. 48
Gas..................................... 60
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 57
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 280
Clothing................................ 20
Petrol/diesel........................... 40
Road tax................................ 10
Car Insurance........................... 20
Car maintenance (including MOT)......... 20
Car parking............................. 8.75
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 0
Total monthly expenses.................. 1091.87


Assets
Cash.................................... 500
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1500


No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Overdraft......................1600......0.........0
Overdraft......................1400......0.........0
Tuition Fees...................725.......0.........0
MBNA CC........................6400.85...0.........0
Tax Credits OP.................3147.89...0.........0
Capital One CC.................6479.36...0.........0
Catalogue......................460.6.....0.........0
Funeral Costs..................1991......0.........0
BCA............................122.06....0.........0
RBS CC.........................9433.09...0.........0
Council tax....................334.54....0.........0
Total unsecured debts..........32094.39..0.........-


Monthly Budget Summary
Total monthly income.................... 1,135
Expenses (including secured debts)....... 1,091.87
Available for debt repayments........... 43.13
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 43.13


Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total Secured debt...................... -0
Total Unsecured debt.................... -32,094.39
Net Assets.............................. -30,594.39


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.

Comments

  • Forgot to mention, my tax credits aren't in payment at the moment - should I still put them down as they should be reinstated and hopefully backdated? Thanks
  • No don't put in your tax credits if you aren't receiving them at the moment. How much do you usually get?

    :j :j


  • Hi, just trying to sort out an updated SOA for my OR interview this week - is there anything I've forgotten? My household consists of 1 adult and 1 teenager (at the moment), thanks

    Statement of Affairs and Personal Balance Sheet

    Monthly Income Details
    Monthly income after tax................ 320
    Partners monthly income after tax....... 0
    Benefits................................ 643
    Other income............................ 172
    Total monthly income.................... 1135

    Monthly Expense Details
    Mortgage................................ 0
    Secured loan repayments................. 0
    Rent.................................... 276.12 280
    Management charge (leasehold property).. 0
    Council tax............................. 80
    Electricity............................. 48
    Gas..................................... 60
    Oil..................................... 0
    Water rates............................. 30
    Telephone (land line)................... 57
    Mobile phone............................ 0
    TV Licence.............................. 12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 280
    Clothing................................ 20 may be able to increase
    Petrol/diesel........................... 40
    Road tax................................ 10
    Car Insurance........................... 20
    Car maintenance (including MOT)......... 20
    Car parking............................. 8.75 10.00
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 40 what is this for?
    Medical (prescriptions, dentist etc).... 20
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 20 worth a try
    Haircuts................................ 20
    Entertainment........................... 0
    Holiday................................. 30
    Emergency fund.......................... 0
    Total monthly expenses.................. 1091.87

    Assets
    Cash.................................... 500
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 1000
    Other assets............................ 0
    Total Assets............................ 1500

    No Secured Debt

    Unsecured Debts
    Description....................Debt......Monthly...APR
    Overdraft......................1600......0.........0
    Overdraft......................1400......0.........0
    Tuition Fees...................725.......0.........0
    MBNA CC........................6400.85...0.........0
    Tax Credits OP.................3147.89...0.........0
    Capital One CC.................6479.36...0.........0
    Catalogue......................460.6.....0.........0
    Funeral Costs..................1991......0.........0
    BCA............................122.06....0.........0
    RBS CC.........................9433.09...0.........0
    Council tax....................334.54....0.........0
    Total unsecured debts..........32094.39..0.........-

    Monthly Budget Summary
    Total monthly income.................... 1,135
    Expenses (including secured debts)....... 1,091.87
    Available for debt repayments........... 43.13
    Monthly UNsecured debt repayments....... 0
    Surplus(deficit if negative)............ 43.13

    Personal Balance Sheet Summary
    Total assets (things you own)........... 1,500
    Total Secured debt...................... -0
    Total Unsecured debt.................... -32,094.39
    Net Assets.............................. -30,594.39

    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've made a few comments in red above.

    :j :j


  • dalip
    dalip Posts: 7,045 Forumite
    Personally i would scrap the presents(not seen one allowed yet;) ) and up your clothes to at least £40 maybe even £60.Dx
    Free impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
    Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107:D
  • Other child related expenses - I home educate as well as run a website business from home. Car and internet are essential for both.

    Would the OR query the home ed?

    Maintenance is a bit sporadic but CSA useless!

    Is everything else reasonable?

    Thanks guys
  • thinking like an OR...

    1. your husband has NIL income?
    2. are the expenses shown "in full" or what amount you pay?
    3.£57 a month landline?....
    Now we all know how it felt to play in the band on the Titanic...
  • My ex husband!!

    Don't understand point 2 - sorry

    The landline includes internet - do I separate these as I have to justify my internet service?
  • dalip wrote: »
    Personally i would scrap the presents(not seen one allowed yet;) ) and up your clothes to at least £40 maybe even £60.Dx

    I had £20 for presents allowed. :D
    Debt free by 2025?
  • Sunk
    Sunk Posts: 423 Forumite
    Other child related expenses - I home educate as well as run a website business from home. Car and internet are essential for both.

    Would the OR query the home ed?

    Maintenance is a bit sporadic but CSA useless!

    Is everything else reasonable?

    Thanks guys


    I also home educate & you will find that you are allowed internet.;)
    Not forgetting stationary....pens/paper/school books (meaning-letts/collins/cirriculum)

    Just seen your post about landline/internet...you could put this includes if you feel you will be questioned.
    BR 08/05/2008
    ED 29/10/2008
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