Please check my soa

thegoodlife

Does this look okay, the other child expenses are school lunhes, anythign else I have forgotten? thanks
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1845
Partners monthly income after tax....... 0
Benefits................................ 391.66
Other income............................ 0
Total monthly income.................... 2236.66
Monthly Expense Details
Mortgage................................ 239
Secured/HP loan repayments.............. 531
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 117
Electricity............................. 50
Gas..................................... 0
Oil..................................... 50
Water rates............................. 28
Telephone (land line)................... 20
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 600
Clothing................................ 100
Petrol/diesel........................... 100
Road tax................................ 17
Car Insurance........................... 17
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 10
Buildings insurance..................... 7
Contents insurance...................... 12
Life assurance ......................... 28
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10
Total monthly expenses.................. 2044

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 150400

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 113000...(239)......2
Secured Debt.................. 62000....(531)......8
Total secured & HP debts...... 175000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,236.66
Expenses (including HP & secured debts). 2,044
Available for debt repayments........... 192.66
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 192.66
Personal Balance Sheet Summary
Total assets (things you own)........... 150,400
Total HP & Secured debt................. -175,000
Total Unsecured debt.................... -0
Net Assets.............................. -24,600
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

So_Sad_Angel

Hi TGL

I`ll warn you I`m hopeless at SOA`s....at least my comments will bump up your thread.

I`d add something in mobile £ 20 ? (3 kids you need contact)
Net/ Sat services £ 15/ £20....homework necessity?
Holiday £ 20 again...3 children need a holiday.

Hopefully others will add more help.

Take care, Angiexx

gardenerswife

Dear Goodlife
I have three children also and we put down £650 for food, clothes £155,
and holiday £80. And nothing was questioned
Have been advised from previous posts hair cuts - £10 per adult, £5 per child, put mobiles and telephone together at £60 and increase car maintenance to £20.
That would take you over your income however- so upto you to juggle it about.
Hope that helps

thegoodlife

Thanks both, I might giggle it a bit ,my boys eat me out of house and home!

dalip

thegoodlife wrote: »

Does this look okay, the other child expenses are school lunhes, anythign else I have forgotten? thanks
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1845
Partners monthly income after tax....... 0
Benefits................................ 391.66
Other income............................ 0
Total monthly income.................... 2236.66
Monthly Expense Details
Mortgage................................ 239
Secured/HP loan repayments.............. 531
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 117
Electricity............................. 50£60
Gas..................................... 0
Oil..................................... 50
Water rates............................. 28
Telephone (land line)................... 20£40
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 600
Clothing................................ 100£130
Petrol/diesel........................... 100
Road tax................................ 17
Car Insurance........................... 17
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 10£20
Pet insurance/vet bills................. 10£20
Buildings insurance..................... 7
Contents insurance...................... 12£20
Life assurance ......................... 28
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0£40
Emergency fund.......................... 10take this out they do not normally allow
Total monthly expenses.................. 2044

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 150400

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 113000...(239)......2
Secured Debt.................. 62000....(531)......8
Total secured & HP debts...... 175000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,236.66
Expenses (including HP & secured debts). 2,044
Available for debt repayments........... 192.66
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 192.66
Personal Balance Sheet Summary
Total assets (things you own)........... 150,400
Total HP & Secured debt................. -175,000
Total Unsecured debt.................... -0
Net Assets.............................. -24,600
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

I have upped a few things as there has been talk that the OR can now include certain benefits as countable income......so better safe than sorry and there was room for increases;)

thegoodlife

Thanks will tweek my firgures!