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.
SOA advice please;
T-T_4
Posts: 21 Forumite
1st attempt at the soa on here so any alterations would be greatly appreciated.
i have already been on the DMP for 3 years now,sick of the calls for reviews every few months, very tiring & i'll be 100 years old on completion.... maybe have a life then!! lol
Had a mortgage before the plan started & the IVA which was proposed at the time crippled me, must admit CAB's allowances on food etc £180.00 for 2 adults didn't make me smile much.
My OH has a part time job so only contributes a little if any most times, again i'm considering other avenues ie BR... any advice would be most welcome......
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1520
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1520
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 94
Electricity............................. 41
Gas..................................... 42
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 45
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 394
Clothing................................ 35
Petrol/diesel........................... 130
Road tax................................ 16
Car Insurance........................... 39
Car maintenance (including MOT)......... 28
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...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 35
Emergency fund.......................... 50
Total monthly expenses.................. 1502
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1200
Other assets............................ 0
Total Assets............................ 1200
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
loans & cards- D.M.P...........65745.....92........0
Total unsecured debts..........65745.....92........-
Monthly Budget Summary
Total monthly income.................... 1,520
Expenses (including HP & secured debts). 1,502
Available for debt repayments........... 18
Monthly UNsecured debt repayments....... 92
Amount short for making debt repayments. -74
Personal Balance Sheet Summary
Total assets (things you own)........... 1,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -65,745
Net Assets.............................. -64,545
many thanks..
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]
TT
TT
i have already been on the DMP for 3 years now,sick of the calls for reviews every few months, very tiring & i'll be 100 years old on completion.... maybe have a life then!! lol
Had a mortgage before the plan started & the IVA which was proposed at the time crippled me, must admit CAB's allowances on food etc £180.00 for 2 adults didn't make me smile much.
My OH has a part time job so only contributes a little if any most times, again i'm considering other avenues ie BR... any advice would be most welcome......
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1520
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1520
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 94
Electricity............................. 41
Gas..................................... 42
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 45
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 394
Clothing................................ 35
Petrol/diesel........................... 130
Road tax................................ 16
Car Insurance........................... 39
Car maintenance (including MOT)......... 28
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...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 35
Emergency fund.......................... 50
Total monthly expenses.................. 1502
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1200
Other assets............................ 0
Total Assets............................ 1200
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
loans & cards- D.M.P...........65745.....92........0
Total unsecured debts..........65745.....92........-
Monthly Budget Summary
Total monthly income.................... 1,520
Expenses (including HP & secured debts). 1,502
Available for debt repayments........... 18
Monthly UNsecured debt repayments....... 92
Amount short for making debt repayments. -74
Personal Balance Sheet Summary
Total assets (things you own)........... 1,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -65,745
Net Assets.............................. -64,545
many thanks..
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]
TT
TT
:grouphug:
0
Comments
-
1st attempt at the soa on here so any alterations would be greatly appreciated.
i have already been on the DMP for 3 years now,sick of the calls for reviews every few months, very tiring & i'll be 100 years old on completion.... maybe have a life then!! lol
Had a mortgage before the plan started & the IVA which was proposed at the time crippled me, must admit CAB's allowances on food etc £180.00 for 2 adults didn't make me smile much.
My OH has a part time job so only contributes a little if any most times, again i'm considering other avenues ie BR... any advice would be most welcome......
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1520
Partners monthly income after tax....... 0might be wise to put some sort of contribution
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1520
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 94
Electricity............................. 41£50
Gas..................................... 42£50
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 45
Mobile phone............................ 0£15
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 394£370
Clothing................................ 35£60
Petrol/diesel........................... 130
Road tax................................ 16
Car Insurance........................... 39
Car maintenance (including MOT)......... 28
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0£30
Pet insurance/vet bills................. 0no pets?
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15not usually allowed
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 35£50
Emergency fund.......................... 50ditto
Total monthly expenses.................. 1502
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1200
Other assets............................ 0
Total Assets............................ 1200
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
loans & cards- D.M.P...........65745.....92........0
Total unsecured debts..........65745.....92........-
Monthly Budget Summary
Total monthly income.................... 1,520
Expenses (including HP & secured debts). 1,502
Available for debt repayments........... 18
Monthly UNsecured debt repayments....... 92
Amount short for making debt repayments. -74
Personal Balance Sheet Summary
Total assets (things you own)........... 1,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -65,745
Net Assets.............................. -64,545
many thanks..
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]
TT
TT
Ok i have altered a few things assuming only you are going bc.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 -
thanks for looking dalip, yes only me going bc, would i have to declare OH's income to OR which is little?:grouphug:0
-
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1520
Partners monthly contribution....... 50
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1570
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 94
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 45
Mobile phone............................ 15
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 370
Clothing................................ 60
Petrol/diesel........................... 130
Road tax................................ 16
Car Insurance........................... 39
Car maintenance (including MOT)......... 28
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1491
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1200
Other assets............................ 0
Total Assets............................ 1200
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
loans & cards DMP..............65745.....92........0
Total unsecured debts..........65745.....92........-
Monthly Budget Summary
Total monthly income.................... 1,570
Expenses (including HP & secured debts). 1,491
Available for debt repayments........... 79
Monthly UNsecured debt repayments....... 92
Amount short for making debt repayments. -13
Personal Balance Sheet Summary
Total assets (things you own)........... 1,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -65,745
Net Assets.............................. -64,545
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]:grouphug:0 -
After reading many other SOA posts, I thought 'Holiday' and 'Emergency Funds' weren't allowable on a BR SOA?
I didn't claim them on mine as I believed they weren't allowed.:j BR on 09/12/08 :j
:T OR Interview (30 minutes!) on 19/01/09 :T
:beer: Car confirmed (in writing) as Exempt Property on 29/01/09 :beer:
:j Automatically Discharged on 09/12/09 :j0 -
"Holiday" usually allowed.....Christmas/Birthdays & emergency funds are usually declined (although the odd one has gone through but thats due to a freindly OR perhaps)We all die. The goal isn't to live forever, the goal is to create something that will0
This discussion has been closed.
Categories
- All Categories
- 346.5K Banking & Borrowing
- 251.3K Reduce Debt & Boost Income
- 451.3K Spending & Discounts
- 238.7K Work, Benefits & Business
- 614.1K Mortgages, Homes & Bills
- 174.7K Life & Family
- 251.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards