please help ...SOA

stopthespends

hows that????

stopthespends

im sobbing now!!!!!! please tell me u can undertsand it!!!

gettingbetter

:T:T:T:T:T:T

kas xx

gettingbetter

louley wrote: »

Amount (£) Monthly Income (after tax) 1800
Benefits 110 Charge (e.g. on leasehold property) Council Tax 78.13 ----is this over ten months or 12 some councils will allow you to pay over 12 months
Electricity 30
gas 30
Water Rates 18
Telephone (land line) and Internet Services 24.50
Mobile Phone 40

---

is this contract or PAYG it seems a bit high
TV Licence 11.95
Satellite/Cable TV 19.50

---

what about freeview

Groceries etc. 100
Clothing 20
Petrol/Diesel 30
Road Tax (car) 11.60#
Car Insurance (including breakdown )27
Other child related expenses 30
Building Insurance 10.17
Contents Insurance
Life Assurance 21.94

---

bit high try quidco and see if you can get cash back
Other Insurance 15.80 ----whats this
Presents (birthday, christmas etc.) 15
Haircuts 15
Enter SECURED debts and Hire Purchase (HP) debts Enter ALL your mortgage, secured and HP debt details here.
Debt description Debt (£) Monthly payment (£) Annual Rate (%) Mortgage 90000 580 5.15%

Secured debt Hire Purchase (HP) Enter your UNsecured Debts e.g. credit cards Debt description Debt (£) Min Pay (£) Annual Rate (%) hsbc loan 3500 283
nationwide loan 15000 260
lloys tsb card 65 0%
cap 1 55.24 0%

hsbc gold 3222 15.9%
Enter the value of your assets
Asset Value (£) Cash 400
House value (gross) 145000
Car(s) 1500
Other assets (e.g. endowments, jewellery) 600

hi just a few things
the real experts will be along soon
dry your eyes and smile you will get loads
of help and advice

kas xx

debrag

louley wrote: »

Amount (£)
Monthly Income (after tax) 1800
Benefits 110
TOTAL = 1910

Mortgage 580
Charge (e.g. on leasehold property) Council Tax 78.13
Electricity 30
gas 30
Water Rates 18
Telephone (land line) and Internet Services 24.50
Mobile Phone 40
TV Licence 11.95
Satellite/Cable TV 19.50
Groceries etc. 100
Clothing 20
Petrol/Diesel 30
Road Tax (car) 11.60#
Car Insurance (including breakdown )27
Other child related expenses 30
Building Insurance 10.17
Contents Insurance
Life Assurance 21.94
Other Insurance 15.80
Presents (birthday, christmas etc.) 15
Haircuts 15
TOTAL = 1128.59

Enter SECURED debts and Hire Purchase (HP) debts Enter ALL your mortgage, secured and HP debt details here.
Debt description Debt (£) Monthly payment (£) Annual Rate (%)
Mortgage 90000 580 5.15%

UNsecured Debts e.g. credit cards Debt description Debt (£) Min Pay (£) Annual Rate (%)
hsbc loan 3500 283
nationwide loan 15000 260
lloyds tsb card 65 0% - monthly payment? what is the balance?
cap 1 55.24 0% - monthly payment? what is the balance?
hsbc gold 3222 15.9% - balance? what is the monthly payment?

Enter the value of your assets
Asset Value (£)
Cash 400
House value (gross) 145000
Car(s) 1500
Other assets (e.g. endowments, jewellery) 600

Just a few comments so far

incoming - outgoing = 1910-1128.59= 781.59 - where is this going? once you correct the unsecured section we can see what you have left

tallyhoh

Can we ask how old your child/children is/are? Was the cards & loans spent on items that can be sold on or utilised in some way? You are obviously working but is the car necessary? Your life insurance can be cut down, mine is approx £8 a month.
If I could get transport or walk to work my car would go, it costs approx £200 a month to run one even if the cars paid for.

RAS

matters not, i can work with this

louley wrote: »

Amount (£)
Monthly Income (after tax) 1800
Benefits 110
Total £1910

Expenditure
Mortgage 580 - interest only or repayment
Charge (e.g. on leasehold property)
Council Tax 78.13
Electricity 30
gas 30
Water Rates 18
Telephone (land line) and Internet Services 24.50
Mobile Phone 40.87 - you need to downgrade your package and then go PAYG when you can orange phone ;
TV Licence 11.95
Satellite/Cable TV 19.50 - reduce then cancel and go freeview.

Groceries etc. 100
Clothing 20
Petrol/Diesel 30
Road Tax (car) 11.60#
Car Insurance (including breakdown )27
aa £5
Other child related expenses 30
British gas insurnece; 3.02
Building Insurance 10.17
Contents Insurance
Life Assurance 21.94 - this is huge. Unless you have health issues term insuance should be ahlf this.
Other Insurance 15.80 (RCN membership)
Presents (birthday, christmas etc.) 15
Haircuts 15


Enter SECURED debts and Hire Purchase (HP) debts Enter ALL your mortgage, secured and HP debt details here.
Debt description Debt (£) Monthly payment (£) Annual Rate (%)
Mortgage 90000 580 5.15%

Secured debt Hire Purchase (HP) Enter your UNsecured Debts e.g. credit cards Debt description Debt (£) Min Pay (£) Annual Rate (%)

hsbc loan 3500 283 finishes in April 2010
nationwide loan 15000 260 3 years to go
lloys tsb card 65 0%
cap 1 55.24 0%
hsbc gold 3222 15.9%
next cat; £19.51 - APR?
parents for a settee; 75 (finishes in sept)

Enter the value of your assets
Asset Value (£) Cash 400
House value (gross) 145000
Car(s) 1500
Other assets (e.g. endowments, jewellery) 600

Do you absolutely need to run a car?

How many in your household?

Jesthar

Hope you don't mind, louley, I took all the info I could extract from your posts and put it into the SoA calulator myself, thought it might help You seem to have listed a few more items in your first SoA which somehow fell off the second one, so here you go:

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 0
Benefits................................ 110
Other income............................ 0
Total monthly income.................... 1910
Monthly Expense Details
Mortgage................................ 580
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 78.13
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 24.5
Mobile phone............................ 40
TV Licence.............................. 11.95
Satellite/Cable TV...................... 19.5
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 20
Petrol/diesel........................... 30
Road tax................................ 11.6
Car Insurance........................... 27
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 10.17
Contents insurance...................... 0
Life assurance ......................... 21.94
Other insurance......................... 15.8
Presents (birthday, christmas etc)...... 15
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1128.59

Assets
Cash.................................... 400
House value (Gross)..................... 145000
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 600
Total Assets............................ 147500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 90000....(580)......5.15
Total secured & HP debts...... 90000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC loan......................3500......283.......0
Lloyds TSB card................0.........65........0 - couldn't spot a balance or APR for this
Cap 1..........................0.........55.24.....0 - couldn't spot a balance or APR for this
next catalogue.................0.........19.51.....0 - couldn't spot a balance or APR for this
nationwide loan................0.........261.......0 - couldn't spot a balance or APR for this
HSBC Gold......................3222......15.96.....0
Total unsecured debts..........6722......699.71....-

Monthly Budget Summary
Total monthly income.................... 1,910
Expenses (including HP & secured debts). 1,128.59
Available for debt repayments........... 781.41
Monthly UNsecured debt repayments....... 699.71
Amount left after debt repayments....... 81.7
Personal Balance Sheet Summary
Total assets (things you own)........... 147,500
Total HP & Secured debt................. -90,000
Total Unsecured debt.................... -6,722
Net Assets.............................. 50,778
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

~Jes

stopthespends

hi all thanks so much for the advice so far!!!

i have 1 child aged 5 in full time school

i need my car as wwork about 10miles away (nurse with shifts finishing at 2am occasionally!)

gonna call orange later and reduce and also virgin and sky to see what the best deal will be.

i will have a look at the life insurence later

the "other" insurence is my union £15

council tax is over 10months

xxxx

stopthespends

bless you jesthar u are truyely a wonderful person!!!

thanks