Please Look at my SOA

vicks11

Hello all, 'B' day is getting nearer - Friday!!!

I've just gone through my expenses, could you have a look over and let me know if i can make any alterations as my surplus looks a little high. Thanks


Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................
Total monthly income.................... 1300

Monthly Expense
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 425
Management charge (leasehold property).. 0
Council tax............................. 73
Electricity............................. 45
Gas..................................... 30
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 55
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 170
Clothing................................ 15
Petrol/diesel........................... 160
Road tax................................ 12
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 15
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 10
Emergency fund.......................... 0
Total monthly expenses.................. 1172

dalip

vicks11 wrote: »

Hello all, 'B' day is getting nearer - Friday!!!

I've just gone through my expenses, could you have a look over and let me know if i can make any alterations as my surplus looks a little high. Thanks


Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................
Total monthly income.................... 1300

Monthly Expense
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 425
Management charge (leasehold property).. 0
Council tax............................. 73
Electricity............................. 45
Gas..................................... 30
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 55bit high for one person but leave and it and see
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 170£190
Clothing................................ 15£30
Petrol/diesel........................... 160
Road tax................................ 12
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15£20
Pet insurance/vet bills................. 15£20
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 10
Emergency fund.......................... 0
Total monthly expenses.................. 1172

Ok that looks better.Dx

vicks11

Thanks, thats better. The phone is high as it includes my mobile and internet - I know thats a luxury but thought i would give it a try.

philnicandamy

take the mobile out & list it as a seperate outgoing.....the OR has an allowance for mobile so might make the landline look a little better

vicks11

OK thanks, just was getting a little confused where to list everything as some posts say to lump landline and mobile together. But I'll separate them out.

Nearly there now, will bet so glad when its all over!

dalip

Do you need the internet for work?. If so the OR normally allows it, if not leave it as it is.Dx

vicks11

Yes it does help with work, my job involves lots of research and also doing an open university course for work so need it for that. I'll log it separately then.

Thanks

stintond

If you can bump it up another £30 on somwhere you will be out of the realms of the IPO criteria. which is a £99 surplus minimum before they apply an IPO

vicks11

I've updated my SoA, would be grateful if you guys could check it for me as i'm still worried i'm on the borderline of an IPO, if they slash some things.

Many Thanks


Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................
Total monthly income.................... 1300

Monthly Expense
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 425
Management charge (leasehold property).. 0
Council tax............................. 73
Electricity............................. 48
Gas..................................... 35
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 15
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10 (need for work)
Groceries etc. ......................... 190
Clothing................................ 30
Petrol/diesel........................... 160
Road tax................................ 12
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Breakdown cover 12
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 10
Emergency fund.......................... 0

Total monthly expenses.................. 1242
Surplus 58

dalip

Not sure you can put anymore down. You are a bit over on a few allowances already. Sorry. Just hope you get nice OR and you should be ok.Dx