first--SOA

black_taxi_2

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 2000
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2000
Monthly Expense Details
Mortgage................................ 172
Secured/HP loan repayments.............. 620
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 91
Electricity............................. 63
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 11.95
Satellite/Cable TV...................... 17.5
Internet Services....................... 42.43
Groceries etc. ......................... 150
Clothing................................ 25
Petrol/diesel........................... 80
Road tax................................ 17.5
Car Insurance........................... 50
Car maintenance (including MOT)......... 100
Car parking............................. 10
Other travel............................ 1
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 11.11
Contents insurance...................... 4.94
Life assurance ......................... 9.94
Other insurance......................... 1.5
Presents (birthday, christmas etc)...... 30
Haircuts................................ 6
Entertainment........................... 50
Holiday................................. 200
Emergency fund.......................... 100
Total monthly expenses.................. 1914.87

Assets
Cash.................................... 450
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 7000
Other assets............................ 0
Total Assets............................ 107450

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 24500....(172)......5
Secured Debt.................. 14800....(620)......7
Total secured & HP debts...... 39300.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,000
Expenses (including HP & secured debts). 1,914.87
Available for debt repayments........... +85.13
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. 0
Personal Balance Sheet Summary
Total assets (things you own)........... 107,450
Total HP & Secured debt................. -39,300
Total Unsecured debt.................... -0
Net Assets.............................. 68,150
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

jasperconran

Hi,

just wanted to say well done for posting your SOA:T. Didnt want to just read and run!. There are loads of peeps on here who have got more experience/better advice than me, so im sure they will be along shortly to advise you. Big hugs.

~Beanie~

black_taxi wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 2000
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2000
Monthly Expense Details
Mortgage................................ 172
Secured/HP loan repayments.............. 620
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 91
Electricity............................. 63
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 11.95
Satellite/Cable TV...................... 17.5
Internet Services....................... 42.43 - This is very high, can u get it cheaper elsewhere?
Groceries etc. ......................... 150 - This can be cut a bit
Clothing................................ 25
Petrol/diesel........................... 80
Road tax................................ 17.5
Car Insurance........................... 50 - Quite high, can you shop around for cheaper?
Car maintenance (including MOT)......... 100 - This seems very high?
Car parking............................. 10
Other travel............................ 1
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 11.11
Contents insurance...................... 4.94
Life assurance ......................... 9.94
Other insurance......................... 1.5
Presents (birthday, christmas etc)...... 30
Haircuts................................ 6
Entertainment........................... 50
Holiday................................. 200 - Sorry buit you can't really afford this at the moment
Emergency fund.......................... 100 - You can cut this out for a while
Total monthly expenses.................. 1914.87

Assets
Cash.................................... 450
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 7000
Other assets............................ 0
Total Assets............................ 107450

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 24500....(172)......5
Secured Debt.................. 14800....(620)......7
Total secured & HP debts...... 39300.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,000
Expenses (including HP & secured debts). 1,914.87
Available for debt repayments........... +85.13
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. 0
Personal Balance Sheet Summary
Total assets (things you own)........... 107,450
Total HP & Secured debt................. -39,300
Total Unsecured debt.................... -0
Net Assets.............................. 68,150
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

I've put a few thoughts above but am ot sure why you are asking for help? Do yoyu have any debt or have you just not listed it? If none then your SOA looks fine!

GeorgeUK

Looks like a pretty good SOA BT.

If you don't have that extra £85 left at the end of the month, i suggest you keep a spending diary so that you can see where the money is going and fine tune things a little more.

Might be able to get a slightly better deal for electricity if you look at the comparison sites.

Are the telephone and internet combined in a package?

Groceries you can possibly save a little on - have a look at the old style board for meal plan ideas and bulk cooking.

£200 towards the holiday and £100 towards an emergency fund every month? That builds up to quite alot over the year. You have £100 allocated towards car maintenance each month. Do you have to use alot of the emergency money for the car or other things? Have you managed to save any of this up?

I notice you don't have any unsecured debts - no creditcards or loans. Was the secured debt a consolidation of your other debts? Usually not advised, but you got a good APR on that loan - well done.

black_taxi_2

thx for replys

the high secured loan is car(new golf gti--made a massive mistake buying new-thats life---it will be my last car---once payments made--leaves me--with extra £600 a month

with expensive car--expensive costs/repairs---new tyre--£150

internet is virgin broadband

groceries--im totaly lazy--dont cook--buy take aways--ready made meals--local shop--whats a supermarket?i can cut there


holiday---its more for my older father than me---hes retired living modestly on a low pension--its my payback to him once a year to him for bringing me up and making sacrafices himself.im sure i can find cheaper deals somewhere,needs to be a hot climate thou.

summer is busier season for taxis--so im going to work longer hours and hammer down my debt

black_taxi_2

yes--jasper---when you write everything down---it is a shock

guess thats why people dont write it down