New SOA to work with

haleygrey

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1069
Partners monthly income after tax....... 0
Benefits................................ 359.4
Other income............................ 0
Total monthly income.................... 1428.4
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 423
Management charge (leasehold property).. 0
Council tax............................. 132
Electricity............................. 80
Gas..................................... 61
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 15.5
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 320
Clothing................................ 100
Petrol/diesel........................... 60
Road tax................................ 17
Car Insurance........................... 33 is fully comp
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 12
Buildings insurance..................... 0
Contents insurance...................... 12.18 includes accidental cover
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 0
Total monthly expenses.................. 1463

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 600
Other assets............................ 0
Total Assets............................ 600

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Lloyds TSB Loan................5291......191.......10
John Lewis Credit Car..........2750......86........16.9
Tesco Bonus Credit Ca..........1900......106.......16.9
Lloyds TSB O/d.................750.......50........0
Nationwide B.S O/d.............1300......50........0
Next Directory.................600.......49........12.1
Barclaycard....................1000......49........16.9
Halifax Credit Card............1800......76........16.9
Total unsecured debts..........15391.....657.......-

Monthly Budget Summary
Total monthly income.................... 1,428.4
Expenses (including HP & secured debts). 1463
Available for debt repayments........... 35.00
Monthly UNsecured debt repayments....... 657
Amount short for making debt repayments. -622
Personal Balance Sheet Summary
Total assets (things you own)........... 600
Total HP & Secured debt................. -0
Total Unsecured debt.................... -15,391
Net Assets.............................. -14,791
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

patsypat911

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1069
Partners monthly income after tax....... 0
Benefits................................ 359.4
Other income............................ 0
Total monthly income.................... 1428.4
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 422.5 roun up to nearest £
Management charge (leasehold property).. 0
Council tax............................. 132
Electricity............................. 80
Gas..................................... 61
Oil..................................... 0
Water rates............................. 22.5 ditto
Telephone (land line)................... 15
Mobile phone............................ 15 is mobile essential?? if not put it with landline
TV Licence.............................. 15.5 allowed £12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 240 way to low try £450
Clothing................................ 30 way to low try £100
Petrol/diesel........................... 60
Road tax................................ 17
Car Insurance........................... 32.76 round up to nearest £, is this fully comp?
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0 allowed £5 per child
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 12
Buildings insurance..................... 0
Contents insurance...................... 12.18 round up to nearest £ does this have accidental cover?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 not usually allowed but leave it and see
Haircuts................................ 10 £10 per adult £5 per child
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 0
Total monthly expenses.................. 1292.44

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 600
Other assets............................ 0
Total Assets............................ 600

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
Lloyds TSB Loan................5291......191.......10
John Lewis Credit Car..........2750......86........16.9
Tesco Bonus Credit Ca..........1900......106.......16.9
Lloyds TSB O/d.................750.......50........0
Nationwide B.S O/d.............1300......50........0
Next Directory.................600.......49........12.1
Barclaycard....................1000......49....... .16.9
Halifax Credit Card............1800......76........16.9
Total unsecured debts..........15391.....657.......-

Monthly Budget Summary
Total monthly income.................... 1,428.4
Expenses (including HP & secured debts). 1,292.44
Available for debt repayments........... 135.96
Monthly UNsecured debt repayments....... 657
Amount short for making debt repayments. -521.04
Personal Balance Sheet Summary
Total assets (things you own)........... 600
Total HP & Secured debt................. -0
Total Unsecured debt.................... -15,391
Net Assets.............................. -14,791
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Hope this helps. Please bear in mind that you have to leave your self sufficient money each month as you will not be able to get credit. ALways best to put to much than to less and come to an agreement with OR. Good luck.

startagain_2

haley,

Why is the petrol so low? I am just wondering if the OR will query the validity of having a car with the high cost of running expenses when you have such a low fuel bill. I know this has come up before and they weigh up whether taxis/public transport would be more cost efficient.
Do you think you should up the petrol a bit (not too much, so as they ask for receipts) ?
Just a thought.....
SA

haleygrey

patsy and SA, thanks for looking, car insurance is fully comp, house ins has accidental cover. The petrol is low because i only use the car for work, dont go at the weekends. Not sure about the buses as i dont know the times amd they only go halfway to my work. I can never justify taxis and buses because of the cost and the waiting times, by the time ive waited 20 mins or so for a bus i could be half way to work. I hope i can keep my car as i dont have any other way to get any where and cant keep expecting family to bail me out. I didnt put anything for the children as they're past child related expenses!

haleygrey

Peka2k - well as im a girl and not a bloke, thats actually cheap! I have 2 children, one of which is a rugby playing boy so therefore needs a lot of food. You're probably lucky enough to have a partner that can contribute, i havent.

haleygrey

thats ok, i suppose it does mean that in a way, me, my son and my daughter

peachyprice

See what I mean
:rotfl: :rotfl: :rotfl:

Dez-Titute

peka2k wrote: »

Dont be offended, but arent those new figures suggested a bit high?

which bloke spends £10 a month on a haircut?

£450 for croceries for 3!!!

£100 for clothes every month?

Why do you need to adjust anything, even I can see that bankrupcy is on the cards with your original figures? As my own personal payments are the same as yours but as my income is about £400 higher I can just manage it.

Hi Scowly,time to quit M8