SOA- please check

debtmummy

Hi,
My OH and I were going to go BR together but he's been getting some nasty letters from Link Financial so is going to do it next week as we have the money for 1 person but not both.
I've done a SOA please can you look at it, I've done it from his perspective. I havent included the child benefit as it's in my name do I have to?

As I dont work he pays for everything and we have 2 small children 1 aged 3 and other 3 months.

let me know if this is ok.
Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 2955
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2955

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 1100
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 20
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 500
Clothing................................ 100
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 150
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2337


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
barclaycard gold...............7600......200.......0
BC mastercard..................3700......150.......0
GE.............................7650......300.......0
GE.............................4600......200.......0
lloyds loan....................4800......250.......0
lloyds mastercard..............6800......150.......0
lloyds account.................1500......0.........0
Endevor PF.....................27000.....480.......0
lloyds account.................3600......0.........0
Northern Rock..................26000.....350.......0
Total unsecured debts..........93250.....2080......-


Monthly Budget Summary
Total monthly income.................... 2,955
Expenses (including HP & secured debts). 2,337
Available for debt repayments........... 618
Monthly UNsecured debt repayments....... 2,080
Amount short for making debt repayments. -1,462

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -93,250
Net Assets.............................. -93,250

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

tigerfeet2006

debtmummy wrote: »

Hi,
My OH and I were going to go BR together but he's been getting some nasty letters from Link Financial so is going to do it next week as we have the money for 1 person but not both.
I've done a SOA please can you look at it, I've done it from his perspective. I havent included the child benefit as it's in my name do I have to? No.

As I dont work he pays for everything and we have 2 small children 1 aged 3 and other 3 months. Have you claimed for working tax credit and child tax credit? www.entitledto.com to see if you can.

let me know if this is ok.
Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 2955
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2955

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 1100
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 20
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15 lump this in with the phone unless essential for work
Groceries etc. ......................... 500
Clothing................................ 100
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 150
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 30 £20
Pet insurance/vet bills................. 0 do you have pets?
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 0 £60
Emergency fund.......................... 0
Total monthly expenses.................. 2337


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
barclaycard gold...............7600......200.......0
BC mastercard..................3700......150.......0
GE.............................7650......300.......0
GE.............................4600......200.......0
lloyds loan....................4800......250.......0
lloyds mastercard..............6800......150.......0
lloyds account.................1500......0.........0
Endevor PF.....................27000.....480.......0
lloyds account.................3600......0.........0
Northern Rock..................26000.....350.......0
Total unsecured debts..........93250.....2080......-


Monthly Budget Summary
Total monthly income.................... 2,955
Expenses (including HP & secured debts). 2,337
Available for debt repayments........... 618
Monthly UNsecured debt repayments....... 2,080
Amount short for making debt repayments. -1,462

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -93,250
Net Assets.............................. -93,250

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Does you OH have suits that need dry cleaning? £10
You will probably get an IPA.