SOA Help Please

stan780953

Hi could someone please have a look at this for me and see if it's ok.

Income Amount(£)
Monthly income after tax 1250
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1250

Expenses Amount(£)
Mortgage 0
Secured loan payments 0
Hire Purchase (HP) payments 0
Rent 475
Management charge (leasehold property) 0
Council tax 81
Electricity 80
Gas 80
Oil 0
Water Rates 30
Telephone (land line) 11
Mobile phone 30
TV Licence 12
Satellite/Cable TV 0
Internet services 25
Groceries etc. 240
Clothing 30
Petrol/diesel 100
Road tax 0
Car Insurance 0
Car maintenance (including MOT) 0
Car Parking 0
Other travel 0
Childcare/nursery 0
Other child related expenses 0
Medical (prescriptions, dentists, opticians etc.) 10
Pet Insurance/Vet bills 0
Buildings Insurance 5
Contents Insurance 0
Life Assurance 0
Other Insurance 0
Presents (birthday, christmas etc.) 10
Haircuts 10
Entertainment 10
Holiday 0
Emergency Fund 0
Total monthly expenses 1239
Income Amount(£)
Monthly income after tax 1250
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1250

Expenses Amount(£)
Mortgage 0
Secured loan payments 0
Hire Purchase (HP) payments 0
Rent 475
Management charge (leasehold property) 0
Council tax 81
Electricity 80
Gas 80
Oil 0
Water Rates 30
Telephone (land line) 11
Mobile phone 30
TV Licence 12
Satellite/Cable TV 0
Internet services 25
Groceries etc. 240
Clothing 30
Petrol/diesel 100
Road tax 0
Car Insurance 0
Car maintenance (including MOT) 0
Car Parking 0
Other travel 0
Childcare/nursery 0
Other child related expenses 0
Medical (prescriptions, dentists, opticians etc.) 10
Pet Insurance/Vet bills 0
Buildings Insurance 5
Contents Insurance 0
Life Assurance 0
Other Insurance 0
Presents (birthday, christmas etc.) 10
Haircuts 10
Entertainment 10
Holiday 0
Emergency Fund 0
Total monthly expenses 1239

DON79

stan780953 wrote: »

Hi could someone please have a look at this for me and see if it's ok.

Income Amount(£)
Monthly income after tax 1250
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1250

Expenses Amount(£)
Mortgage 0
Secured loan payments 0
Hire Purchase (HP) payments 0
Rent 475
Management charge (leasehold property) 0
Council tax 81
Electricity 80
Gas 80
Oil 0
Water Rates 30
Telephone (land line) 11 - add mobile and internet to this but max £60 altogether
Mobile phone 30 - add to the above
TV Licence 12
Satellite/Cable TV 0
Internet services 25 - add to telephone
Groceries etc. 240 - make this £250
Clothing 30
Petrol/diesel 100
Road tax 0
Car Insurance 0
Car maintenance (including MOT) 0
Car Parking 0
Other travel 0
Childcare/nursery 0
Other child related expenses 0
Medical (prescriptions, dentists, opticians etc.) 10 - make it £15
Pet Insurance/Vet bills 0
Buildings Insurance 5 - is this your contents cover? got accidental damage?
Contents Insurance 0
Life Assurance 0
Other Insurance 0
Presents (birthday, christmas etc.) 10 - not normally allowed but leave it and see.
Haircuts 10
Entertainment 10 - not usually allowed am afraid
Holiday 0 - make this £20, it is allowed!
Emergency Fund 0
Total monthly expenses 1239

Have made some notes for you, hope this helps. did it once already but computer crashed in the middle the first time! :mad:

Donna

stan780953

Hi Donna

Thank you very much for your quick reply.

ineedhelp2008

does your income and outgoings have to balance?

tigerfeet2006

ineedhelp2008 wrote: »

does your income and outgoings have to balance?

No it doesn't but most people try to get as little surplus as possible. If you have over £99 surplus then you will be subject to an IPA, unless you are on benefits.

Stan how many are there in your household?

stan780953

Hi Tigerfeet

There is just me in my household. Do you think this is a problem with my SOA?

DON79

Hi Stan,

your soa is fine, don't worry. All TF wanted to know likely is if there were other people in the household, then you would need to increase the amount you are spending for food etc, that's all.

Donna

tigerfeet2006

stan780953 wrote: »

Hi could someone please have a look at this for me and see if it's ok.

Income Amount(£)
Monthly income after tax 1250
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1250

Expenses Amount(£)
Mortgage 0
Secured loan payments 0
Hire Purchase (HP) payments 0
Rent 475
Management charge (leasehold property) 0
Council tax 81
Electricity 80 Is this really this high? You may have to provide bills to prove this.
Gas 80 ditto
Oil 0
Water Rates 30
Telephone (land line) 11 stick internet in with the phone and mobile and just put 'phone. £60 max.
Mobile phone 30
TV Licence 12
Satellite/Cable TV 0
Internet services 25
Groceries etc. 240 £200 max.
Clothing 30 Try £50
Petrol/diesel 100
Road tax 0 ???
Car Insurance 0 ???
Car maintenance (including MOT) 0 ???
Car Parking 0
Other travel 0
Childcare/nursery 0
Other child related expenses 0
Medical (prescriptions, dentists, opticians etc.) 10 £20
Pet Insurance/Vet bills 0
Buildings Insurance 5
Contents Insurance 0 you need to get this, especially with accidental damage.
Life Assurance 0
Other Insurance 0
Presents (birthday, christmas etc.) 10 leave, some allow, some don't.
Haircuts 10
Entertainment 10 some allow, some don't. leave
Holiday 0 some allow £30
Emergency Fund 0
Total monthly expenses 1239
Income Amount(£)
Monthly income after tax 1250
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1250


Why is there no car expenses?

DON79

Although TF can always spot the things I miss! After the couple of days I have just had, I am not very observant just now!

Sorry Stan! Thanks TF!

Donna

tigerfeet2006

Don't worry about it Don, we all have days where we look at things and it just all blurs.

(((hugs)))

stan780953

Hi

With the electric I am in a payment plan which