my soa any help gratefull

broke19

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 4
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1147
Partners monthly income after tax....... 631
Benefits................................ 1000
Other income............................ 0
Total monthly income.................... 2778

Monthly Expense Details
Mortgage................................ 700
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 160
Electricity............................. 100
Gas..................................... 140
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 20
Mobile phone............................ 80
TV Licence.............................. 10
Satellite/Cable TV...................... 20
Internet Services....................... 10
Groceries etc. ......................... 800
Clothing................................ 60
Petrol/diesel........................... 240
Road tax................................ 20
Car Insurance........................... 35
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 34
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 50
Total monthly expenses.................. 2614


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


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(700)......0
Total secured & HP debts...... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 2,778
Expenses (including HP & secured debts). 2,614
Available for debt repayments........... 164
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 164

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

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


just to add a few things my hubby has a wages arrestment starting this month for £140 and i also will be dropping roughly £480 pounds in benefits a month in April.....this is not looking good ..... think i need to start sequstration now

skysky69

Hi, I think £800 per month on groceries seems excessive. I think if you pop over to the money saving old style board and there is a wealth of information about batch cooking, receipes and you could probably easily halve this.

broke19

hi as regards the £800 groceries this includes all tolietries and kitchen stuff ...... eg soap powder etc and school lunches

slummymummyof3

Groceries, gas, electric and mobile phone costs are astronomical!!!!!!

We are a family of 5 and are grocery bill is around £300 per month.....are you eating caviar? Look at old style board etc....cook from scratch, don't buy ready meals. Bulk out chilli/spag bol etc with dried lentils etc.

Are your gas and electric pre-payment meters and you are repaying arrears or something?

Mobile phone - how many? Contract or PAYG? If you are PAYG with O2 or Orange (sure the others must do something similar) you can pay £10 per month and get 300 free text messages etc - you need to shop around.

Council Tax - does this have arrears? Ask to have payments spread over 12 months instead of 10.

natsplatnat

Oooh - still on the high side for the groceries!! Def have a look at the old style thread - loads of top tips like batch cooking etc.

Best of luck in you quest, Nats

slummymummyof3

Make the most of BOGOF offers for toiletries etc - bulk buy them to last you until they are on offer again.

Where do you shop? Try Aldi/Lidl for some of your shopping - their cooked meats etc are great as are the fruit and veg. Try downgrading some of your shopping each week for a brand lower - if you don't like it, change back and try something else.

Horace

Lidl is good for loo roll because you can buy 24 roll packs for about £9 as opposed to buying Andrex or whatever where you get less. Tesco also sell 16 roll packs which are OK.

There's nothing listed for presents either - surely as you have 4 kids you buy them stuff? These need to be included too.

Cut back on the clothes spends too - ebay what no longer fits or carboot it.

broke19

slummymummyof3 wrote: »

Groceries, gas, electric and mobile phone costs are astronomical!!!!!!

We are a family of 5 and are grocery bill is around £300 per month.....are you eating caviar? Look at old style board etc....cook from scratch, don't buy ready meals. Bulk out chilli/spag bol etc with dried lentils etc.

Are your gas and electric pre-payment meters and you are repaying arrears or something?

Mobile phone - how many? Contract or PAYG? If you are PAYG with O2 or Orange (sure the others must do something similar) you can pay £10 per month and get 300 free text messages etc - you need to shop around.

Council Tax - does this have arrears? Ask to have payments spread over 12 months instead of 10.

The mobile phone is for three contract phones ....... The gas is a prepayment meter and the electric we were paying £47 but scottish gas has put it up to a hundred.....The council tax is just normal no arrears

fatbelly

broke19 wrote: »

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


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(700)......0
Total secured & HP debts...... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Your SoA doesn't make sense and we can't give advice until these sections are completed.

Can you go back to post #1 and fill in the gaps.

Also if you are worried about the situation post-April, put in April's figures.