SOA advice please;

T-T_4

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

dalip

T-T wrote: »

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.Dx

T-T_4

thanks for looking dalip, yes only me going bc, would i have to declare OH's income to OR which is little?

T-T_4

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]

TehRoflcopterz

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.

philnicandamy

"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)