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Help fine tune my SOA!! Please.
sparesomechange
Posts: 48 Forumite
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2165
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2165
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 900
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 50
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 46
Internet Services....................... 25
Groceries etc. ......................... 400
Clothing................................ 40
Petrol/diesel........................... 130
Road tax................................ 16.5
Car Insurance........................... 40
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 17.02
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Workwear................................ 20
Tools................................... 20
Total monthly expenses.................. 2146.52
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 675
Other assets............................ 0
Total Assets............................ 675
Monthly Budget Summary
Total monthly income.................... 2,165
Expenses (including HP & secured debts). 2,146.52
Available for debt repayments........... 18.48
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 18.48
Personal Balance Sheet Summary
Total assets (things you own)........... 675
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 675
Created using the SOA calculator at www.makesenseofcards.com
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2165
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2165
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 900
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 50
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 46
Internet Services....................... 25
Groceries etc. ......................... 400
Clothing................................ 40
Petrol/diesel........................... 130
Road tax................................ 16.5
Car Insurance........................... 40
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 17.02
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Workwear................................ 20
Tools................................... 20
Total monthly expenses.................. 2146.52
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 675
Other assets............................ 0
Total Assets............................ 675
Monthly Budget Summary
Total monthly income.................... 2,165
Expenses (including HP & secured debts). 2,146.52
Available for debt repayments........... 18.48
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 18.48
Personal Balance Sheet Summary
Total assets (things you own)........... 675
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 675
Created using the SOA calculator at www.makesenseofcards.com
0
Comments
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This is a little confusing, go to:
http://www.makesenseofcards.com/soacalc.html
and click on MSE button copy and paste on a new tab and it should display it properly and easy to see then we can help.0 -
sparesomechange wrote: »
Monthly Budget SummaryAmount(£)
Total monthly income £2,165
Monthly expenses (incl. HP & secured loans) £2,156.52
Available for debt repayments £8.48
UNsecured debt repayments £0
Amount left after debt repayments £8.48
Personal Balance Sheet SummaryAmount(£)
Total Assets (things you own)0
Total Secured & HP Debt-0
Total Unsecured Debt-0
Net Assets0
Household Information
Number of adults in household - 2
Number of children in household - 0
Number of cars owned - 1
Income & Expense Details
IncomeAmount(£)
Monthly income after tax - £2165
Partners monthly income - £0 - job seekers allowance?? -
Benefits0Other income - £0
Total monthly income - £2165
ExpensesAmount(£)
Mortgage - 0
Secured loan payments - 0
Hire Purchase (HP) payments - 0
Rent - £900
Management charge (leasehold property) - 0
Council tax - £150
Electricity - £50
Gas - £50
Oil - 0
Water Rates - £30
Telephone (land line) - £50
Mobile phone - £20
TV Licence - £12
Satellite/Cable TV - £46 - not allowed, must be paid from any surplus income
Internet services - £25 - not allowed unless essential for work otherwise again must be paid from any surplus income
Groceries etc. - £400 - this may be viewed as high for two people so expect this to be cut back to £300/£350
Clothing - £40 - could increase this a little to £50 for two people
Petrol/diesel - £130
Road tax - £16.5 - make this £17
Car Insurance - £40
Car maintenance (including MOT) - £30
Car Parking - 0
Other travel - £20 - what is this for?
Childcare/nursery - 0
Other child related expenses - 0
Medical (prescriptions, dentists, opticians etc.) - £20
Pet Insurance/Vet bills - 0
Buildings Insurance - 0
Contents Insurance - £17.02 - make it £17
Life Assurance - 0
Other Insurance - 0
Presents (birthday, christmas etc.) - 0
Haircuts - £20
Entertainment - 0
Holiday - £50 - should be ok but might get cut a little
Emergency Fund - 0
Workwear - £20 - keep receipts to confirm expenses
Tools - £20 - ditto - keep receipts to confirm
Total monthly expenses - £2156.52
Have altered it a little in terms of layout and made some comments for you, hope this helps a little.
Donna
BSC #215/No.1 Jan 09 Club0 -
sparesomechange wrote: »Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2165
Partners monthly income after tax....... 0 what is your OH's contribution to the household bills?
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2165
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 900
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 50 £60 max for phone and mobile
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 46 Not allowed on SoA. Will have to come out of surplus
Internet Services....................... 25 ditto unless essential for work
Groceries etc. ......................... 400 leave as is but may be cut
Clothing................................ 40 £50
Petrol/diesel........................... 130
Road tax................................ 16.5 round up £17
Car Insurance........................... 40
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 20 what is this?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0 any pets?
Buildings insurance..................... 0
Contents insurance...................... 17.02 round down £17
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Workwear................................ 20 are you self employed?
Tools................................... 20 ditto
Total monthly expenses.................. 2146.52
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 675
Other assets............................ 0
Total Assets............................ 675
Monthly Budget Summary
Total monthly income.................... 2,165
Expenses (including HP & secured debts). 2,146.52
Available for debt repayments........... 18.48
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 18.48
Personal Balance Sheet Summary
Total assets (things you own)........... 675
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 675
Created using the SOA calculator at www.makesenseofcards.com
Breakdown cover?
Hope some of that helps.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
snap tigerfeet! and beat ya to it! :rotfl:BSC #215/No.1 Jan 09 Club0
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:rotfl::rotfl:
Nice to see we are singing from the same hymn sheet BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
I bow to your greater wisdom TF!
BSC #215/No.1 Jan 09 Club0 -
Nah! wouldn't do that, never know what you might catch down there BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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Thanks guys. At present we are living on just one income as my other half is seeking work,(made redundant). We do not claim any benefits as she hopes to be back in work asap.
Other travel is for partners bus usage. Thanks again guys, i am aware the OR will make cuts where required but at the moment this is what it costs us! Well i hope he or she is having a good day!
Thanks everyone0 -
You may find you have a problem with the OR because your OH is not contributing to the household.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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What can i expect the OR to say? This is our current circumstance, should she claim job seekers allowance in the meantime?
Oh god you have me really worried, i hope the OR understands.0
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