New here and overwhelmed

xnatalie81x

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1.5
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1984
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1984
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 725
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 28
Telephone (land line)................... 10.27
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 21
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 15
Petrol/diesel........................... 40
Road tax................................ 15
Car Insurance........................... 55
Car maintenance (including MOT)......... 60
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 120
Pet insurance/vet bills................. 13
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1594.27

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
mbna...........................8000......0.........0
hfc............................2000......0.........0
ndr............................500.......0.........0
enfield council rent...........2000......12.2......0
egg cc.........................200.......0.........0
hmrc...........................2000......0.........0
royal bank scotland............170.......0.........0
cahoot.........................9500......0.........0
lloyds current.................250.......0.........0
student od.....................1500......0.........0
lloyds cc......................7000......0.........0
Total unsecured debts..........33120.....12.2......-

Monthly Budget Summary
Total monthly income.................... 1,984
Expenses (including secured debts)...... 1,594.27
Available for debt repayments........... 389.73
Monthly UNsecured debt repayments....... 12.2
Amount left after debt repayments....... 377.53
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -33,120
Net Assets.............................. -33,120
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

xnatalie81x

Right i will explain why this is so complicated. I am working at the moment but off sick and will prob be handing in notice and leaving in may. So the way i have worked out income is:

5mths @ 1400 - wages.
plus my other part-time job 3mths @70 then 3mths @140 (will have more hrs) and 6mths at 210 (will be doing 6hrs) - can do more hrs in part-time job if i do leave full-time job.

tc/wtc currently 864 mth and that is for 5mths then remainder 7mths at 500 as will only be doing part-time job

When only working part-time for last 7mths will get almost full housing benefit as low income so 7mths @700.

Total is 23,818 for the full year. Divide by 12 mths is 1984 a month. So this month i will get 2765.60 but am saving 781 ready to cover the months when i won't be getting full pay from full-time job (if i do decide not to go back)

Also looking to change gas electric and mobile supplier along with cancelling my £18 mth weight watchers subscription. So above mobile 40 will be 30 in about mth and a half.

REASONS: why i may leave full-time job. Am signed off sick with post-natal depression officially but stress has made this worse. I am 10 per month better off working as i have to pay full-time childcare for 2 of my children and wrap-around care for the eldest. The job itself is ok apart from having to study for a degree and nvq level 4 at the same time making it extrmely hard to fit around 3 children under 5! I am not 100% decided on whether i will return as i am in no fit state to make a massive decision like that but i am planning as if i will leave

I do have a part-time job as swimming teacher and if i do leave work will have more time available. I am currently doing 2hrs a week and brininging home 70. The work is there so i have been saying 4hrs in 3mths time then 6hrs in 6mths, although realistically it will be more than this.

Hope this helps

Damita

Hey and welcome

Sounds like you have a good plan