s.o.a. confusion

money_penny_26

hi everybody,we cant get this through our heads.we cant put s.o.a.on here yet as we not got full figures yet.my hubbys benefits monthly £679 an his expenditure is £677.so he looks to be ok after b.r.however mine i recieve £385 per month an if i put down all utility bills same as hubbys got on his s.o.a.plus all my personal expenses.that makes my outgoings £617to which i am minus £232.wont the o.r. say i cant manage?however we can because the food on hubbys s.o.a.£350 an i have put the same on mine,an we obviously dont spend £700 per month on food..big sigh hope you understand all this as we are going round an round in circles....now answer slowly an pretend we are thick....regards penny

tigerfeet2006

On your DH SoA you put the amount you put towards the joint bills like rent/mortgage, utilities, food. On you SoA you put what your DH contributes to the joint bills so they should both balance.

On each persons individual SoA you put joint bils and then that individuals own expenses like travel.

Hope that helps.

dalip

mr pennys.....maybe
Household Information[/b]
Number of adults in household........... 2
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 679
Partners monthly income after tax....... 175mrs penny's CONTRIBUTION
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 854
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 200
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 30
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 30
Petrol/diesel........................... 0
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, 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................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 0
Total monthly expenses.................. 852

Total monthly income.................... 854=£2 surplus


mrs pennys maybe...........
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 385
Partners monthly income after tax....... 469mr pennys CONTRIBUTION
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 854
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 200
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 30
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 30
Petrol/diesel........................... 0
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, 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................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 0
Total monthly expenses.................. 852=£2 surplus


Does that help pennies?.Don' know your expenditures so just made them up. Should get the idea of it from there.Dx