Gaz's SOA (Edition 1)

paulc19

VespaPX125 wrote: »

I meant to bump up my SOA as I really would like not to have to pay for 3 years (lol, wouldn't we all) so I'm now trying to think of expenses to add to the main body that I have to pay to try and reduce the money I have left after totting up (with the deductions highlighted I'm still at £900 a month, just need to squeeze £300 more from somewhere) and ---- BINGO --- skint

First time I've actually been glad to try and find stuff I need to pay

Could bump your groceries up a bit, with mine i worked on the basis of £180 per adult and £90 per child, OR didn't query it. Could try for £200 with your special dietary requirements.

Car parking - try for £10.
Car tax - if you share car, maybe you could claim you pay half of this.
Clothing - £40-50, worth a go. Depends on your OR.

At the end of the day the worst they can do is put it down, you won't know if you don't ask. Looks like you may struggle to avoid an IPA imho but at least it's only for 3 years.

VespaPX125

Can I just check - I used to work out a month's money by £x52/12 = Monthly rate (takes into account 5 week months or something like that) is that roughly how the OR does it as it can add quite a bit to your SOA (like, my £100 a week digs is actually £433.33 a month - my petrol is £130 instead of 4x £30 = £120) - it all helps - 20 extra fivers is another £100

"in the land of the blind the one eye'd man still has no depth perception"

philnicandamy

VespaPX125 wrote: »

I meant to bump up my SOA as I really would like not to have to pay for 3 years (lol, wouldn't we all) so I'm now trying to think of expenses to add to the main body that I have to pay to try and reduce the money I have left after totting up (with the deductions highlighted I'm still at £900 a month, just need to squeeze £300 more from somewhere) and ---- BINGO --- skint

First time I've actually been glad to try and find stuff I need to pay

sorry vespa I misunderstood.....you can include the payments for student loans in your SOA without any problems from the reciever

fiveyearplan

VespaPX125 wrote: »

Can I just check - I used to work out a month's money by £x52/12 = Monthly rate (takes into account 5 week months or something like that) is that roughly how the OR does it as it can add quite a bit to your SOA (like, my £100 a week digs is actually £433.33 a month - my petrol is £130 instead of 4x £30 = £120) - it all helps - 20 extra fivers is another £100

"in the land of the blind the one eye'd man still has no depth perception"

If you worked out all your expenditure on a weekly basis then yes, you multiply that by 52 then divide by 12 - just as I said on one of your other posts. You don't show the pence though round everything up or down as necessary.

VespaPX125

Can I round it up by a fiver? :j

fiveyearplan

You are incorrigible.:doh:

VespaPX125

No, I am in Nottingham

JCS1

Sorry, Cigs will be disallowed. And no point arguing that nicotine replacement will be the same amount as they will tell you to go to Dr's and get them on prescription - which they will presume is already covered in the £25 p/m medical costs.

VespaPX125

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1160
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1160
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 434
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 53
Mobile phone............................ 0
TV Licence.............................. 0
Satellite/Cable TV...................... 13
Internet Services....................... 0
Groceries etc. ......................... 180
Clothing................................ 50
Petrol/diesel........................... 130
Road tax................................ 12
Car Insurance........................... 40
Car maintenance (including MOT)......... 20
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 25
Sundaries - razors, wash powder, soap .. 7
Drug & Alcohol Practitioner Association. 7
Cigarettes or Nicotine Replacement...... 40
Total monthly expenses.................. 1141

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 250
Total Assets............................ 250

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
A&L Credit Card................2.488.....220.......0
HSBC Credit Card...............4087......98.28.....0
Blackhorse finance.............7806......475.......0
Ford Credit....................9000......189.......0
Liverpool Victoria.............14715.....433.......0
Total unsecured debts..........35610.49..1415.28...-

Monthly Budget Summary
Total monthly income.................... 1,160
Expenses (including HP & secured debts). 1,141
Available for debt repayments........... 19
Monthly UNsecured debt repayments....... 1,415.28
Amount short for making debt repayments. -1,396.28
Personal Balance Sheet Summary
Total assets (things you own)........... 250
Total HP & Secured debt................. -0
Total Unsecured debt.................... -35,610.49
Net Assets.............................. -35,360.49
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

fiveyearplan

VespaPX125 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1160
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1160
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 434
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 53
Mobile phone............................ 0
TV Licence.............................. 0
Satellite/Cable TV...................... 13 will have to come out of your surplus - you could put 12 for tv licence though
Internet Services....................... 0
Groceries etc. ......................... 180
Clothing................................ 50
Petrol/diesel........................... 130
Road tax................................ 12
Car Insurance........................... 40
Car maintenance (including MOT)......... 20
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15 not usually allowed but leave in
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 25 ditto presents
Sundaries - razors, wash powder, soap .. 7 comes out of groceries/housekeeping
Drug & Alcohol Practitioner Association. 7
Cigarettes or Nicotine Replacement...... 40 not allowed must come out of surplus
Total monthly expenses.................. 1141

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 250
Total Assets............................ 250

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
A&L Credit Card................2.488.....220.......0
HSBC Credit Card...............4087......98.28.....0
Blackhorse finance.............7806......475.......0
Ford Credit....................9000......189.......0
Liverpool Victoria.............14715.....433.......0
Total unsecured debts..........35610.49..1415.28...-

Monthly Budget Summary
Total monthly income.................... 1,160
Expenses (including HP & secured debts). 1,141
Available for debt repayments........... 19
Monthly UNsecured debt repayments....... 1,415.28
Amount short for making debt repayments. -1,396.28
Personal Balance Sheet Summary
Total assets (things you own)........... 250
Total HP & Secured debt................. -0
Total Unsecured debt.................... -35,610.49
Net Assets.............................. -35,360.49
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

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