My SOA - Gulp! Lightbulb moment!!

chickpea

PasturesNew wrote: »

Your son is a couple of months short of being old enough to join the army, travel to foreign lands and shoot people dead. I think he can manage to be alone in his own house with a lodger for the occasional couple of hours and survive.

Generally speaking, people looking for Mon-Fri lodgings are likely to work late themselves, or go out for a drink in the local area. They're more likely to keep themselves to themselves and probably more interested in looking through paperwork they brought home from the office than leaping out and shouting "BOO!" at your boy.

For taking strangers in, if you choose to accommodate professionals in their 30-50s only, you're most likely to have the easiest life ever.

They're "people like you and I". Quiet, hard-working professionals; they have to work away from where they live and just want to get their head down.

I love your posts, PN! They always make me laugh. (I'd thank you, but that option isn't available to me at the minute. Perhaps I'll do it on a future occasion when you deserve it less..!)

St0lli

I'm glad someone loves his post.... I think PN has got totally the wrong end of the stick. He doesn't know enough about me or my son to make this statement. Due to my job I'm also well aware of the types of people who want to lodge from Mon-Fri and I agree that 99,9% of them are absolutely fine but as I'm often at work until late I still don't want my son in the house with someone who to all intents and purposes is a total stranger.

Plus I also thought this forum was for support and not to make judgement on how I decide to bring up my child?

St0lli

Kimdegsidesh.... I've PM'd you :rolleyes:

Forris

St0lli wrote: »

Things still need to do
I need to ring Virgin to see if I can get them to match sky for telephone and 02 for broadband

Hi, not sure if you've got around to this yet, but if you have Sky TV then that is the cheapest way to get phone and broadband. If I recall correctly Sky will even pay for BT to re-connect the line - worth a phone call!

St0lli

Hi Forris, thanks for the suggestion. I need to update my SOA as I went down the BT route and agreed to change to them. They then contacted Virgin who have now matched the cheaper offer. Thanks

kimdegsidash

Morning
Just had to write to RBS as they denied a DD on my (unusable) current account yesterday, even though I have been phoning them every day to transfer money accross to pay DDs. Charged me £38 for the pleasure and have sent me over my overdraft limit - so another £28 charges to come for that. Totally unhelpful on the phone, stated something about all bank charge reclaiming on hold so they have no leeway to refund any charges no matter what the circumstances. So I sat down last night after a few tears and tantrums at home and wrote a long, honest begging letter to the branch manager about how £64 in charges right now would send me into utter hardship. Also asked them to please let me view my account online as this situation wouldn't have happened if I could transfer the money online. (so by their own actions, they have made themselves £64 out of me!!) Posting it today - let's see how I get on eh?

kimdegsidash

PS. - interesting to see RBS in the news last night - £20bn borrowed from the Govt, £8bn losses and still wanting to pay out bonuses!! Give me back my money first!!!!

St0lli

Oh Kim that is so unfair. I do feel for you and like you said if you were able to view your account online and make transfers then this situation may not have happened. I can't believe they will insist on you paying those charges although nothing ceases to amaze me after reading on here how some people get treated by banks etc.

Don't let the barstewards get you down. Easier said than done I know! If you are like me you will go from times of feeling totally in control and pleased with how you are handling things to feelings of total despair.

Please keep positive and remember we can do with this with each others support and with the support of others on here.

kimdegsidash

Right, I'll show you mine if you show me yours!! As I said earlier you have made some great changes and I'm sure yours will look better this time round!

Statement of Affairs and Personal Balance Sheet
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0 I have a company car
Monthly Income Details
Monthly income after tax................ 509.16 This is SMP - full time wage would normally be £2500 per month
Partners monthly income after tax....... 0
Benefits................................ 205.63
Other income............................ 300 My mum pays me 'rent' as I took out a second mortgage to buy her a house to live in (when times were good!)
Total monthly income.................... 1014.79
Monthly Expense Details[/b]
Mortgage................................ 205.67 This is the mortgage repayment on my mum's house. I am on a payment holiday with mine, normally £991 per month
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 113 On extended plan - not paid off till 23 Feb
Electricity............................. 60 High due to paying off earlier bill
Gas..................................... 70 Ditto
Oil..................................... 0
Water rates............................. 27.53 Finished in Nov, but this is the average monthly cost over a year.
Telephone (land line)................... 40 Included phone and internet
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 19.5 Just reduced to basic package
Internet Services....................... 0
Groceries etc. ......................... 293 Have been trying to live off much less, but need nappies!
Clothing................................ 25 I don't really spend this, but will need to with growing children and school uniform to buy.
Petrol/diesel........................... 65 I have to put fuel in the company car.
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 30 school dinners
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 8.71
Contents insurance...................... 8.71
Life assurance ......................... 32.19 joint policy
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1030.31

Assets
Cash.................................... 0
House value (Gross)..................... 240000 combined value of both houses
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 240000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 193000...(205.67)...6.5 Mum's mortgage is variable (thank goodness) but mine is fixed until Feb 2012 with horrible penalties for early repayment.
Total secured & HP debts...... 193000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Egg............................4492.04...95........26.9 Both Egg and Crap 1 increased prob due to my getting behind this last two months
Capital One....................2680.72...80........26.9
RBS Loan.......................13158.4...306.......8.9 5 year loan took out 2007 to do our house up - the house is lovely but not the debt!!
La Redoute.....................285.3.....26........0 All catalogues would be repaid by this summer if I could afford the payments!
Next...........................423.94....56........0
Freemans.......................418.35....66........0
Littlewoods....................375.12....117.......0[
Total unsecured debts..........21833.87..746.......-

Monthly Budget Summary[/b]
Total monthly income.................... 1,014.79
Expenses (including HP & secured debts). 1,030.31
Available for debt repayments........... -15.52
Monthly UNsecured debt repayments....... 746
Amount short for making debt repayments. -761.52Personal Balance Sheet Summary[/b]
Total assets (things you own)........... 240,000
Total HP & Secured debt................. -193,000
Total Unsecured debt.................... -21,833.87
Net Assets.............................. 25,166.13
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

As you can see I am in pretty dire straights at the moment. That's why I have offered token payments to all unsecured creditors. Except RBS - I figured I can't not pay them as they take the loan repayment off me as soon as my wage goes in the account. Things will improve when I start earning again, but by then (March) I will have defaults, late payment, interest and charges accrued plus the increased interest on the CCs. It just piles on and on and on - and yes some days you think you can get through this and other days you despair (usually after receiving a nasty phone call or another demand letter). I guess I should have planned better, but I foolishly thought that I might be able to make my Christmas bonus last until March - it ran out on 1 January!
Anyway, this is what I have sent my creditors, so let's see how they react.

TotallyBroke

kimdegsidash wrote: »

Right, I'll show you mine if you show me yours!! As I said earlier you have made some great changes and I'm sure yours will look better this time round!

Statement of Affairs and Personal Balance Sheet
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0 I have a company car
Monthly Income Details
Monthly income after tax................ 509.16 This is SMP - full time wage would normally be £2500 per month When will you get back to work? Are you taking full leave
Partners monthly income after tax....... 0 You have a partner but have nothing down here. Does that mean that all the household bills are your half.
Benefits................................ 205.63
Mum's rent............................ 300
Total monthly income.................... 1014.79
Monthly Expense Details[/b]
Mortgage Mum's........................... 205.67
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
My Mortgage.................................... 991
Management charge (leasehold property).. 0
Council tax............................. 113
Electricity............................. 60 You should have here the normal amount for the bill any extra for a debt should be in the debt section
Gas..................................... 70 Ditto
Oil..................................... 0
Water rates............................. 27.53
Telephone (land line)................... 40 This can be reduced. Landline normally about £10 per month without any calls. So your internet is high at £20+
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 19.5 I have basic package, broadband and phone and my bill was £18 this month so get onto them and see why so expensive
Internet Services....................... 0
Groceries etc. ......................... 293 Have been trying to live off much less, but need nappies!
Clothing................................ 25 Check out NCT sales. You can get good clothes still with labels on for pennies. Freecycle is another good place for second hand kids clothes.
Petrol/diesel........................... 65
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 30 Could she not take pack lunch
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 8.71
Contents insurance...................... 8.71
Life assurance ......................... 32.19
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 You will not be buying presents this year.
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1030.31

Assets
Cash.................................... 0
House value (Gross)..................... 240000 combined value of both houses
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 240000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 193000...(205.67)...6.5 Mum's mortgage is variable (thank goodness) but mine is fixed until Feb 2012 with horrible penalties for early repayment.
Total secured & HP debts...... 193000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Egg............................4492.04...95........26.9
Capital One....................2680.72...80........26.9
RBS Loan.......................13158.4...306.......8.9
La Redoute.....................285.3.....26........0
Next...........................423.94....56........0
Freemans.......................418.35....66........0
Littlewoods....................375.12....117.......0
Electric
Gas
Total unsecured debts..........21833.87..746.......-

Monthly Budget Summary[/b]
Total monthly income.................... 1,014.79
Expenses (including HP & secured debts). 1,030.31
Available for debt repayments........... -15.52
Monthly UNsecured debt repayments....... 746
Amount short for making debt repayments. -761.52Personal Balance Sheet Summary[/b]
Total assets (things you own)........... 240,000
Total HP & Secured debt................. -193,000
Total Unsecured debt.................... -21,833.87
Net Assets.............................. 25,166.13
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

As you can see I am in pretty dire straights at the moment. That's why I have offered token payments to all unsecured creditors. Except RBS - I figured I can't not pay them as they take the loan repayment off me as soon as my wage goes in the account. Things will improve when I start earning again, but by then (March) I will have defaults, late payment, interest and charges accrued plus the increased interest on the CCs. It just piles on and on and on - and yes some days you think you can get through this and other days you despair (usually after receiving a nasty phone call or another demand letter). I guess I should have planned better, but I foolishly thought that I might be able to make my Christmas bonus last until March - it ran out on 1 January!
Anyway, this is what I have sent my creditors, so let's see how they react.

I've added comments in green. Please add in your partners income information. It's not a true soa without that information. It's hard to see where you can save if there is only half the wages or the bills are split in half.