SOA expenses

wurzella

Bumpity bump

I'm in court in less than 12 hours, any final comments on whether my SOA looks OK would be greatly appreciated before I go upstairs and stare at the ceiling until dawn :rotfl:

All you guys have been great, I don't know how I would have got through this without this forum, thanks so much :beer:

tigerfeet2006

wurzella wrote: »

OK then, here it is This should be my state of affairs after BR. Anything here look like it would be denied? Updated my SOA with the suggestions already posted. Can anyone see any other problems here?

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 2100
Partners monthly income after tax....... 100
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 2280

Monthly Expense Details
Mortgage................................ 914
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 118
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 12
Telephone (land line)................... 30
Mobile phone............................ 50 this needs to go under LL and it is £60 max for phones
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 550 the OR may cut this but leave and see.
Clothing................................ 60 £100
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 260
Childcare/nursery....................... 0
Other child related expenses............ 0 £5 per week activities.£2 primary school £3 secondary school dinners
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 31 does this include contents ins? If so is it with accidental damage?
Contents insurance...................... 0
Life assurance ......................... 22 the OR may have an interest in this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20 £25
Entertainment........................... 0
Holiday................................. 30 £60
Emergency fund.......................... 0
Total monthly expenses.................. 2239


Assets
Cash.................................... 150000
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 150000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 149000...(914)......0
Total secured & HP debts...... 149000....-.........-

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


Monthly Budget Summary
Total monthly income.................... 2,280
Expenses (including HP & secured debts). 2,239
Available for debt repayments........... 41
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 41

Personal Balance Sheet Summary
Total assets (things you own)........... 150,000
Total HP & Secured debt................. -149,000
Total Unsecured debt.................... -0
Net Assets.............................. 1,000

Reproduced on Moneysavingexpert with permission, using Firefox browser.

Have a play with the figures

wurzella

Really, £100 for clothing and £60 for holidays? The OR wouldn't think that's flamboyant?
My life insurance isn't redeemable, what kind of interest could he have in that?
With the phones, I've put £80 under telephone charges, he'll cut that then?
No contents insurance, I cancelled that a while ago when I was getting into trouble, no contents that are worth anything anyway :rotfl:

Thanks for the help tiger

tigerfeet2006

wurzella wrote: »

Really, £100 for clothing and £60 for holidays? The OR wouldn't think that's flamboyant? Nope!!
My life insurance isn't redeemable, what kind of interest could he have in that? The OR will wait till you die and then claim it. You usually get a chance to buy the BI for £50 or you could let it lapse and sort another out after BR. Depends on how good a deal you have.
With the phones, I've put £80 under telephone charges, he'll cut that then? Try it and see. Nothing ventured nothing gained. If he cuts it then it no worries but if he leaves it, bonus.
No contents insurance, I cancelled that a while ago when I was getting into trouble, no contents that are worth anything anyway :rotfl:

Thanks for the help tiger

I would definatly get contents now. What if the motor goes on your fridge or some one spills juice on your laptop? Allow about £20. Go to Martin's guide to get the cheapest insurance and then go to Quidco.com and/or Topcashback and see if you can get any cash back from any of the insurers.

http://www.moneysavingexpert.com/insurance/home-insurance

wurzella

Brilliant, going to change those figures then. And I'll put my life insurance on, I'd left it off as it had no redemption clause, didn't occur to me that he'd take it when I die. I'll look into the contents insurance but it's a bit late now me thinks, I'm in court in 9 1/2 hours :T