hoping to make a dent in my mess

georgiagrrl

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 336
Other income............................ 0
Total monthly income.................... 336

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 40
Management charge (leasehold property).. 0
Council tax............................. 30
Electricity............................. 30
Gas..................................... 60
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 40
Clothing................................ 0
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............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 238


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
credit card....................240.......20........39.9
rent arrears...................800.......20........0
Total unsecured debts..........1040......40........-


Monthly Budget Summary
Total monthly income.................... 336
Expenses (including secured debts)...... 238
Available for debt repayments........... 98
Monthly UNsecured debt repayments....... 40
Amount left after debt repayments....... 58

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -1,040
Net Assets.............................. -1,040

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

i'm currently on benefit, IB and DLA. hoping to get back working *soon* i also have some council ta x arrears, which i need to talk to the council about. my new years resolution was to get some kind of hold on my finances, so this is my first step.

10past6

georgiagrrl wrote: »

Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................240.......20........39.9

I suggest you reduce that payment above to £1.00 token payment for the foreseeable future.

Use the £19.00 towards your outstanding council tax.

Your Credit card is NOT a priority, your council tax is

georgiagrrl

i think before i do that i'll try to get it under it's 200 limit (i've got some stuff i've never used on ebay and if tat sells, it's getting split between council tax and the credit card, to stop them trying to charge me extra for the privilige)

10past6

You could claim back any unlawful CC charges.

You could be taken to court for council tax arrears

It's extremely unlikely you'll be taken to court for such a small credit card debt.

It's your decision how you manage your finances, I'm only trying to get you to see the difference between those you have an obligation to and those you don't.

tealady

Hi If you are on benefits why the rent? Do you not qualify for Housing benefit?

georgiagrrl

yeah, thats whats left out of 200 quid / month rent after i get the housing benefit. it was 18 but then i got DLA, and it went up to 39.98 but since i use paypoint to pay it i pay 40, the 2p goes towards rent arrears. every little helps i suppose

Jules

georgiagrrl wrote: »

yeah, thats whats left out of 200 quid / month rent after i get the housing benefit. it was 18 but then i got DLA, and it went up to 39.98 but since i use paypoint to pay it i pay 40, the 2p goes towards rent arrears. every little helps i suppose

Hi georgiagrrl,
Your DLA isn't counted when it comes to benefits so you shouldn't be paying more rent as a result. If anything it should be the other way around although this depends on what rate you get.

Did they tell you why your rent increased if it's because of the DLA query it?

Jules

georgiagrrl

i didnt get told why, but at the same time the DLA started i got a letter fromt eh housing people telling me i had to pay almost 40 / month. it seemed reasonable so i've just been paying it

Jules

I would definitely query this as it shouldn't have gone up because of the DLA, there may be an obvious reason but no harm in asking them. I know it's only a small amount but if they have made an error then it's in your favour.

Jules