Advice for a newbie please

Feelingfoolish_3

Updated it. I appreciate your comments

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1496
Partners monthly income after tax....... 0
Benefits................................ 120
Other income............................ 400
Total monthly income.................... 2016
Monthly Expense Details
Mortgage................................ 465
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 69
Electricity............................. 49
Gas..................................... 50
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 52
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 80
Petrol/diesel........................... 120
Road tax................................ 10
Car Insurance........................... 25
Car maintenance (including MOT)......... 25
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 65
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 20
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 26
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1498

Assets
Cash.................................... 0
House value (Gross)..................... 85000
Shares and bonds........................ 0
Car(s).................................. 1800
Other assets............................ 0
Total Assets............................ 86800

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 94000....(465)......0
Total secured & HP debts...... 94000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Northern Rock loan.............15000.....273.......0
Marks & Spencer loan...........1000......187.......0
Marks & Spencer card...........2500......60........0
Asda card......................1000......40........0
Next...........................150.......30........0
FD overdraft...................700.......50........0
FD card........................2500......100.......0
Barclaycard....................2500......75........0
Virgin card....................4000......120.......0
Total unsecured debts..........29350.....935.......-

Monthly Budget Summary
Total monthly income.................... 2,016
Expenses (including HP & secured debts). 1,498
Available for debt repayments........... 518
Monthly UNsecured debt repayments....... 935
Amount short for making debt repayments. -417
Personal Balance Sheet Summary
Total assets (things you own)........... 86,800
Total HP & Secured debt................. -94,000
Total Unsecured debt.................... -29,350
Net Assets.............................. -36,550
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

tigerfeet2006

It looks fine to me. Will have a think if there is any thing else to find.

Feelingfoolish_3

Hi Tigerfeet

Thank you for your help.

Also hello to everyone else.

I think I've read on here that it's ok to go BR even if you havent defaulted on any of your debts yet, is this right?

thanks