Soa Help

m.t.t

hello can anyone advise on how my soa looks.
all this info is based on me recieving job seekers allowance,and living at my parents house










Statement of Affairs & Personal Balance Sheet

Summary

Monthly Budget SummaryAmount(£)Total monthly income240Monthly expenses (incl. HP & secured loans)315Available for debt repayments-75UNsecured debt repayments333Amount short for making debt repayments-408

Personal Balance Sheet SummaryAmount(£)Total Assets (things you own)1,500Total Secured & HP Debt-1,185Total Unsecured Debt-14,914Net Assets-13,414
Household Information

Number of adults in household3Number of children in householdNumber of cars owned1
Income, Expense, Debt & Asset Details

IncomeAmount(£)Monthly income after tax0Partners monthly income0Benefits240Other income0Total monthly income240

ExpensesAmount(£)Mortgage0Secured loan payments0Hire Purchase (HP) payments55Rent120Management charge (leasehold property)0Council tax0Electricity0Gas0Oil0Water Rates0Telephone (land line)0Mobile phone15TV Licence0Satellite/Cable TV0Internet services0Groceries etc.0Clothing0Petrol/diesel60Road tax20Car Insurance30Car maintenance (including MOT)10Car Parking0Other travel0Childcare/nursery0Other child related expenses0Medical (prescriptions, dentists, opticians etc.)0Pet Insurance/Vet bills0Buildings Insurance0Contents Insurance0Life Assurance0Other Insurance0Presents (birthday, christmas etc.)0Haircuts5Entertainment0Holiday0Emergency Fund0Total monthly expenses315

Secured & HP Debt DescriptionDebt(£)Monthly(£)APR(%)Mortgage0(0) 0Hire Purchase (HP) Debt1185(55)0Secured & HP Debt totals1185- -

Unsecured Debt DescriptionDebt(£)Monthly(£)APR(%)barclays loan75001580virgin cc5250250asda cc850280hfc490700grattan catalouge380400barclaycard444120Unsecured Debt totals14914333-

Asset DescriptionValue (£)Cash0House Value (Gross)0Shares and bonds0Car(s)1500Other assets (e.g. endowments, jewellery etc) 0Total Assets1500

m.t.t

HELP
can anyone tell me how to copy this properly please

startagain_2

Try this.....

http://www.makesenseofcards.com/soacalc.html

Should do the trick!!

SA

m.t.t

Ive tried that,i copied and paste it and when i preview it or post it,it shows up like the one in my first post

startagain_2

m.t.t wrote: »

Ive tried that,i copied and paste it and when i preview it or post it,it shows up like the one in my first post

Did you format it for mse first?

SA

m.t.t

Finally:j


[tt]Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 240
Other income............................ 0
Total monthly income.................... 240
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 55
Rent.................................... 100
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 15
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 40
Clothing................................ 10
Petrol/diesel........................... 60
Road tax................................ 20
Car Insurance........................... 30
Car maintenance (including MOT)......... 10
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 5
Emergency fund.......................... 0
Total monthly expenses.................. 350

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 1185.....(55).......0
Total secured & HP debts...... 1185......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
barclay loan...................7500......158.......0
virgin credit card.............5200......25........0
barclaycard....................444.......12........0
grattan catalouge..............386.......40........0
hfc............................490.......70........0
asda credit card...............850.......28........0
Total unsecured debts..........14870.....333.......-

Monthly Budget Summary
Total monthly income.................... 240
Expenses (including HP & secured debts). 350
Available for debt repayments........... -110
Monthly UNsecured debt repayments....... 333
Amount short for making debt repayments. -443
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -1,185
Total Unsecured debt.................... -14,870
Net Assets.............................. -13,370
[/tt]

Marlowvian

It all looks ok to me.
(I would love outgoings as low as that :-)

startagain_2

Hooray................

It worked...:j :j :j

SA

m.t.t - Why is it all so low? What do you live on besides the £240 a month benefit?

m.t.t

its because im living back at my parents,everything is at bare mininum,i made a mistake on the virgin credit card payment,it should be £125

m.t.t

its so low because i only give parents £100 month for my keep,with me being on benifits,i get well looked after of them!!!!

startagain_2

m.t.t wrote: »

its so low because i only give parents £100 month for my keep,with me being on benifits,i get well looked after of them!!!!

O.K - I am not an expert like the others but we had someone in a similar position recently and I know they were advised to change things - sorry, can't remember what at this moment in time.
When the others come back on line later they will advise you I am sure.
Sorry I can't be of more help - useless sometimes!

SA