SOA for jan - help advice

littlepinkstars44

ok so i have worked out what i will get paid next month (2nd Jan) and have worked out my SOA
any advice on how/what to pay spare cash to please let me know.

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 427 (don't usually make this much, just because of extra hours over christmas)
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 214 (student loan)
Total monthly income.................... 641
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 150
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40.5
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 30
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 46
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40 (my grandpa, aunt, little brother and my birthdays all in jan)
Haircuts................................ 0
Entertainment........................... 30
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 341.5

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
BOS overdraft..................1003.98...100.......0
Carphone Warehouse.............51.73.....15........0
New Look card..................70.95.....10........28.9
Kays...........................186.......24........0
Additions......................154.......30........39.7
Arcadia Staff card.............200.......30........29.9
Dorothy Perkins card...........177.......30........29.9
Total unsecured debts..........1843.66...239.......-

Monthly Budget Summary
Total monthly income.................... 641
Expenses (including secured debts)...... 341.5
Available for debt repayments........... 299.5
Monthly UNsecured debt repayments....... 239
Surplus(deficit if negative)............ 60.5
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -1,843.66
Net Assets.............................. -1,843.66
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Numpty_Monkey

I think the Additions account looks good for a bit of extra off it:D

or maybe New look and you could have one debt paid off, sometimes is does you good to clear a debt :j

dancingfairy

Have you tried negotiating on your mobile (if contract?) it does seem rather high. Can you get them to price match/better a rival network at all?
The usual thing to do is to pay off the ones with the highest interest first eg additions, then arcadia and dorothy perkins.
Can you cut down on the presents at all? maybe start scouting around for bargains? or buy in the January sales? or maybe make some homemade fudge/hamper/smellies etc - am sure there is a board around for ideas somewhere.
Best of Luck
df

littlepinkstars44

dancingfairy wrote: »

Have you tried negotiating on your mobile (if contract?) it does seem rather high. Can you get them to price match/better a rival network at all?
The usual thing to do is to pay off the ones with the highest interest first eg additions, then arcadia and dorothy perkins.
Can you cut down on the presents at all? maybe start scouting around for bargains? or buy in the January sales? or maybe make some homemade fudge/hamper/smellies etc - am sure there is a board around for ideas somewhere.
Best of Luck
df

thanks, i have already got my phone down from £80+ a month.
Yeah i was hoping to get most of the pressies in the jan sales, so i prob won't spend that much, just put £40 incase

dancingfairy

Sounds like a plan.
df

slig

If you bought no clothes in January, and shaved £10 off your presents and entertainment budgets it would give you an extra £50. Add this to your £30 min payment and £60 surplus, and you can nearly clear the Additions card.

littlepinkstars44

slig wrote: »

If you bought no clothes in January, and shaved £10 off your presents and entertainment budgets it would give you an extra £50. Add this to your £30 min payment and £60 surplus, and you can nearly clear the Additions card.

thanks, i think i might try that, it is also my birthday in jan, so hoping to get a bit of cash from my grandpa and my dad (though i hav my haven't seen my dad since my 21st this jan...so dunno about that one)

So if i do, i think i'll pay half of it to additions.

Also travel expenses forms come out in jan - i claimed back nearly £500 last year yay!
Will be bugging the college everyday in jan for one of these forms till they come in lol!

littlepinkstars44

bumpity bump

taxi73

I would aim to pay off the new look card in one hit.

tealady

taxi73 wrote: »

I would aim to pay off the new look card in one hit.

And CUT IT UP!!!!!!!

(You know you can do it);)

whatatwit

tealady wrote: »

And CUT IT UP!!!!!!!

(You know you can do it);)

Wise words Tealady.

Cut up the more expensive cards, if you need something you can always use cash.