OH's SOA! Do I need to include my benefit earnings?

dalip

No worries i know exactly where you are comming from in wanting to get it right......off to press refresh:rotfl:

Merry_Gentry

Bluebelle72 wrote: »

Thank you Lisa and dalip so very much, I have redone the SOA taking your suggestions into account although now theres a deficit what do I do now?! LOL xx

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1560
Partners monthly income after tax....... 100
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1660

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 70
Gas..................................... 80
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 30
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 680
Clothing................................ 150
Petrol/diesel........................... 90
Road tax................................ 15
Car Insurance........................... 30
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 100
Emergency fund.......................... 0
Total monthly expenses.................. 1972


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 1,660
Expenses (including HP & secured debts). 1,972
Available for debt repayments........... -312
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -312

Personal Balance Sheet Summary
Total assets (things you own)........... 900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 900

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

I kept reading and re-reading this. Basically, this is the SOA that makes the most sense - your likely contribution is £100 per month - how much you make in benefits, etc is none of the OR's business as you're not going BR.

dalip

Thanks merry. The only thing i wondered is if there is such a big deficit(£300) will the OR not ask why the partner is not contributing more,,regardless of whether it is benefits or not.Dx

Bluebelle72

dalip You took the words right out of my mouth, (to quote the great ballad singer meatloaf )lol xx

Merry_Gentry

Ah well then you can explain that you didn't add that income as it comes from child benefits!

Bluebelle72

Thing is Merry, my CB is only £200 er month, my CTC is £359

Bluebelle72

Another thing to bear in mind is the fact that when he does go BR I will still have debts with CCCS to have to pay each month.