We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Sorry.... another SOA thread
Marlowvian
Posts: 194 Forumite
Would you mind skimming over the following to let me know if there is anything questionable please?
Another opinion would help
FYI the £187 "Disability needs" is my disability living allowance.
Someone adviced me that the OR can't touch it really and its best to declare it like this
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1313
Partners monthly income after tax....... 0
Benefits................................ 187
Other income............................ 0
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 40
Gas..................................... 45
Oil..................................... 0
Water rates............................. 11
Telephone (land line)................... 40
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 20
Petrol/diesel........................... 110
Road tax................................ 20
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 11
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 10
Disability needs........................ 187
Total monthly expenses.................. 1381
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 450
Other assets............................ 0
Total Assets............................ 450
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
(Unnamed debt).................55000.....0.........0
Total unsecured debts..........55000.....0.........-
Monthly Budget Summary
Total monthly income.................... 1,500
Expenses (including HP & secured debts). 1,381
Available for debt repayments........... 119
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 119
Personal Balance Sheet Summary
Total assets (things you own)........... 450
Total HP & Secured debt................. -0
Total Unsecured debt.................... -55,000
Net Assets.............................. -54,550
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission
Another opinion would help
FYI the £187 "Disability needs" is my disability living allowance.
Someone adviced me that the OR can't touch it really and its best to declare it like this
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1313
Partners monthly income after tax....... 0
Benefits................................ 187
Other income............................ 0
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 40
Gas..................................... 45
Oil..................................... 0
Water rates............................. 11
Telephone (land line)................... 40
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 20
Petrol/diesel........................... 110
Road tax................................ 20
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 11
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 10
Disability needs........................ 187
Total monthly expenses.................. 1381
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 450
Other assets............................ 0
Total Assets............................ 450
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
(Unnamed debt).................55000.....0.........0
Total unsecured debts..........55000.....0.........-
Monthly Budget Summary
Total monthly income.................... 1,500
Expenses (including HP & secured debts). 1,381
Available for debt repayments........... 119
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 119
Personal Balance Sheet Summary
Total assets (things you own)........... 450
Total HP & Secured debt................. -0
Total Unsecured debt.................... -55,000
Net Assets.............................. -54,550
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission
Money, money, money. Must be funny, in a rich man's world. :rolleyes:
0
Comments
-
Marlowvian wrote: »Would you mind skimming over the following to let me know if there is anything questionable please?
Another opinion would help
FYI the £187 "Disability needs" is my disability living allowance.
Someone adviced me that the OR can't touch it really and its best to declare it like this
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1313
Partners monthly income after tax....... 0
Benefits................................ 187
Other income............................ 0
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 40
Gas..................................... 45
Oil..................................... 0
Water rates............................. 11
Telephone (land line)................... 40 high for 1 person?
Mobile phone............................ 40£20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250£180-£200 max
Clothing................................ 20£40
Petrol/diesel........................... 110
Road tax................................ 20
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 11£20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20not always allowed
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 10not always allowed
Disability needs........................ 187
Total monthly expenses.................. 1381
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 450
Other assets............................ 0
Total Assets............................ 450
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
(Unnamed debt).................55000.....0.........0
Total unsecured debts..........55000.....0.........-
Monthly Budget Summary
Total monthly income.................... 1,500
Expenses (including HP & secured debts). 1,381
Available for debt repayments........... 119
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 119
Personal Balance Sheet Summary
Total assets (things you own)........... 450
Total HP & Secured debt................. -0
Total Unsecured debt.................... -55,000
Net Assets.............................. -54,550
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission
Can not comment on DLA but some of your figures are a bit on the high side for one person. Sorry.DxFree impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107:D0 -
Marlowvian wrote: »Would you mind skimming over the following to let me know if there is anything questionable please?
Another opinion would help
FYI the £187 "Disability needs" is my disability living allowance.
Someone adviced me that the OR can't touch it really and its best to declare it like this
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1313
Partners monthly income after tax....... 0
Benefits................................ 187
Other income............................ 0
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 40
Gas..................................... 45
Oil..................................... 0
Water rates............................. 11
Telephone (land line)................... 40
Mobile phone............................ 40 This is very high. You are usually allowed £50/60 max for phones.
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250 £200 for a single person, unless you have special dietry needs, then you may have to provide proof.
Clothing................................ 20 £50
Petrol/diesel........................... 110
Road tax................................ 20
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 11
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 some allow, so don't so leave and see.
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20 £30
Emergency fund.......................... 10 not allowed
Disability needs........................ 187
Total monthly expenses.................. 1381
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 450
Other assets............................ 0
Total Assets............................ 450
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
(Unnamed debt).................55000.....0.........0
Total unsecured debts..........55000.....0.........-
Monthly Budget Summary
Total monthly income.................... 1,500
Expenses (including HP & secured debts). 1,381
Available for debt repayments........... 119
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 119
Personal Balance Sheet Summary
Total assets (things you own)........... 450
Total HP & Secured debt................. -0
Total Unsecured debt.................... -55,000
Net Assets.............................. -54,550
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission
Breakdown cover is a good idea to get. Dry cleaning any suits? £20. Assuming that car isurance is fully comp and house insurance has accidental damage.Namaste DeeDee x0 -
Yeah I do agree the groceries as high. I only put £180 down for groceries for my DMP but thought I might be allowed more for BR
So does £30 mobile and £30 landline still sound high?Money, money, money. Must be funny, in a rich man's world. :rolleyes:0 -
Try it, nothing ventured, nothing gainied. Would have said £50 was more resonable.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards