SOA Parking fines help please

bhpride

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1025
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1025
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 70
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 25
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 100
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 47
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 44 hair and nails
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 366

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Parking Fines......................1378......50........0
Parking Fines......................490.......50........0
Parking Fines......................300.......0.........0 No payment offer made yet
Parking Fines......................225.......0.........0
No payment offer made yet
Total unsecured debts..........2393......100.......-

Monthly Budget Summary
Total monthly income.................... 1,025
Expenses (including HP & secured debts). 366
Available for debt repayments........... 659
Monthly UNsecured debt repayments....... 100
Amount left after debt repayments....... 559
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,393
Net Assets.............................. -893
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Hi, this is on behalf of my colleague who'll be following the thread. She has parking fines and two CCJ's. No other debts to pay off and would like advice and/or a budget to pay them off asap. Thank you

MyLastFiver

Assuming the SOA is complete and accurate, then it's quite simple. Your colleague has £659 per month to throw at these debts. She could pay off the two smaller ones in one month, the £490 the month after that, then take two months to pay off the biggest one.

laura2481

If she genuinely has £559 left over at the end of the month she should pay off the two smallest fines the first month, the second largest the second month and then pay the big one off over 3 months. This could all be done in 6 months. Guess she may need to do a spending diary if she doesn't have that money left over.. it probably goes on entertainment, food, presents etc which she hasn't budgeted for.

Good luck to her anyway

laura2481

MyLastFiver wrote: »

Assuming the SOA is complete and accurate, then it's quite simple. Your colleague has £659 per month to throw at these debts. She could pay off the two smaller ones in one month, the £490 the month after that, then take two months to pay off the biggest one.

darn, too slow. Wot they said!

RAS

How has a parking fine got to this amount? Has it gone to bailiffs?

gfplux

Hello bhpride and your friend,

Obviously as there is a problem, there is not a lot of money left over at the end of the month. You must start a spending diary TODAY to find out exactly where your money goes. That knowledge will give you power.

However there are two other problems.
First how long will the "parking People" allow the debt to be paid off. Someone may be knocking on your door very soon.

The second problem may be more deep seated. I do not know if there is a medical name for parking where you should not but (trying to be light hearted) you obviously suffer from some sort of problem associated with cars!!!


Examine yourself, is this really your “light bulb moment.” If you find plenty of reasons and excuses not to act immediately then the bulb has not come on properly. If you can not do without parking tickets or the thrill of getting them, then again the bulb has not come on properly.

Sorry!

Am I allowed to be flippant?

Sorry again

bhpride

thank you, she's had a look. The 50 and 150 (got that wrong on SOA sorry) HAVE to be paid every month or she'll definetly be sent to prision (been through court etc) so disposable income is 459

david_hellier

gfplux wrote: »

Hello bhpride and your friend,

Obviously as there is a problem, there is not a lot of money left over at the end of the month. You must start a spending diary TODAY to find out exactly where your money goes. That knowledge will give you power.

However there are two other problems.
First how long will the "parking People" allow the debt to be paid off. Someone may be knocking on your door very soon.

The second problem may be more deep seated. I do not know if there is a medical name for parking where you should not but (trying to be light hearted) you obviously suffer from some sort of problem associated with cars!!!




Examine yourself, is this really your “light bulb moment.” If you find plenty of reasons and excuses not to act immediately then the bulb has not come on properly. If you can not do without parking tickets or the thrill of getting them, then again the bulb has not come on properly.

Sorry!

Am I allowed to be flippant?

Sorry again

Another way of using a spending diary is to allocate a weekly amount to yourself per week, from your budget after all essentials have been deducted. Using receipts, deduct as you spend through the week. Try to get to the end of the week leaving some over to carry forward to the next week. This has the effect of keeping your overdraft down and avoids overspend.

bunny999

Get rid of the car it seems to be the cause of all her problems. Also stop buying clothes for a while.

RAS

bhpride wrote: »

thank you, she's had a look. The 50 and 150 (got that wrong on SOA sorry) HAVE to be paid every month or she'll definetly be sent to prision (been through court etc) so disposable income is 459

Could you go to the SOA and list parking fine 1, parking fine two ETC and which are £50 and which are £150.

And can you indicate which debts are CCJs or are these in additon to the parking fines?

RAS

bhpride wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1025
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1025
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 70
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 25 - she can cut this back and then go PAYG
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 100 - stop buying altoghether for 6 months at least, unless she absolutely needs new tights.
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 47 - this is high, is she young or has points?
Car maintenance (including MOT)......... 0 - needs something here
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 44 hair and nails - forget the nails altogether nd halve the haircuts.
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 366

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Parking Fines......................1378......50........0
Parking Fines......................490.......50........0
Parking Fines......................300.......0.........0 No payment offer made yet
Parking Fines......................225.......0.........0
No payment offer made yet
Total unsecured debts..........2393......100.......-

Monthly Budget Summary
Total monthly income.................... 1,025
Expenses (including HP & secured debts). 366
Available for debt repayments........... 659
Monthly UNsecured debt repayments....... 100
Amount left after debt repayments....... 559
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,393
Net Assets.............................. -893
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

What does she have that she can sell on e-bay, amazon or at a car bootsale?