LP's 2009 masterplan

LilacPixie

Well I need to draw a line under previou SOA's and start a new one. We have managed to negotiate a lower APR on one of our loans and DWP have mad a decision on my claim for DLA. They have decided to award me the lower care component which is £18.65 per week,this means my tax credits also increase as i am now officially classed as a disabled worker :j

LilacPixie

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 1500
Benefits................................ 494.6
Other income............................ 0
Total monthly income.................... 3394.6
Monthly Expense Details
Mortgage................................ 405
Secured/HP loan repayments.............. 276
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 107
Electricity............................. 47
Gas..................................... 40
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 10
Mobile phone............................ 60
TV Licence.............................. 12
Satellite/Cable TV...................... 30
Internet Services....................... 8
Groceries etc. ......................... 500
Clothing................................ 50
Petrol/diesel........................... 140
Road tax................................ 40
Car Insurance........................... 70
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 8
Contents insurance...................... 10
Life assurance ......................... 16
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1959

Assets
Cash.................................... 500
House value (Gross)..................... 80000
Shares and bonds........................ 500
Car(s).................................. 7000
Other assets............................ 0
Total Assets............................ 88000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 52900....(405)......6.3
Hire Purchase (HP) debt ...... 800......(276)......30
Total secured & HP debts...... 53700.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Zopa Loan......................14000.....474.......10.4
GE loan........................9200......127.......12.74
Next...........................1400......140.......26.49
Capital one....................600.......60........29.9
Total unsecured debts..........25200.....801.......-

Monthly Budget Summary
Total monthly income.................... 3,394.6
Expenses (including HP & secured debts). 1,959
Available for debt repayments........... 1,435.6
Monthly UNsecured debt repayments....... 801
Amount left after debt repayments....... 634.6
Personal Balance Sheet Summary
Total assets (things you own)........... 88,000
Total HP & Secured debt................. -53,700
Total Unsecured debt.................... -25,200
Net Assets.............................. 9,900
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


Obviously a huge surplus and to be fair we do tend to have that amount spare as we tend to throw at debts andhave cleared around 20k in the last 2 years.

Aims are the same, clear capital one hopefully for end of june then next then overpay Zopa loan. where as it is not the highest APR there is no penalty for overpaying and there is on the GE loan. I am as well paying more off the zopa loan than having money sitting in savings gathering practically nothing.

Scottishmummy

LilacPixie wrote: »

Well I need to draw a line under previou SOA's and start a new one. We have managed to negotiate a lower APR on one of our loans and DWP have mad a decision on my claim for DLA. They have decided to award me the lower care component which is £18.65 per week,this means my tax credits also increase as i am now officially classed as a disabled worker :j

Lots of good news there, congratulations. :T

boredofbeingathome

Looking very positive for you there LP. How do you feel about the decision? Seems worse somehow on paper and i hate filling DLA forms in for DD2 just want to cry at the end of it, because it regurgitates everything. Although the positive side is that it will help you tremendously and that is what counts at the end of the day.

LilacPixie

I have mixed feelings about the decision. On the one hand at least they have offered me something but on the other hand I hate to be branded 'disabled'. I struggle to admit I need help to do alot of things.

LilacPixie

right overtime at my work again, satuday and sunday

boredofbeingathome

LilacPixie wrote: »

I have mixed feelings about the decision. On the one hand at least they have offered me something but on the other hand I hate to be branded 'disabled'. I struggle to admit I need help to do alot of things.

Well maybe look at it as 'enabled' as although you struggle you still get on with it.:D

LilacPixie

boredofbeingathome wrote: »

Well maybe look at it as 'enabled' as although you struggle you still get on with it.:D

I have to get on with it... I am not the type of person to sit back and relax. plus I enjoy my job. I have a mountin of flexitime so I am having wednesday and thursday next week off so I think i should cope with working saturday and sunday no problems. :T:T:T I should also get my payslip tomorrow or Monday :D:D

LilacPixie

wel I managed a whole 5 hours overtime today It was ok I guess... I also got my payslip :D:D:D Capital one debt is getting a severe kicking once money actually goes in on Friday

Scottishmummy

Is it not a bit annoying getting your payslip a week in advance? I get mine the same day my money goes in which feels great knowing that money is there. I think I would feel a bit down especially if I was completely skint knowing that there was this amount of money about to go in but not being able to get hold of it for a week.