SOA - please have a look (ED I/E sheet)

Bethankim

Hi all,

now to try again, as i thought i was here and actually posted it in the DFW board..:o:o doh!

i know ive been around so long now im part of the furniture,but me and figures are not good bed fellows.

I have been sent an income expenditure form as the first step towards early discharge, can someone cast a glance and see if i have anything glaringly obvious, or too high. our total income is benefits - ive included my child benefit in the figure.

its made up of

ESA - £358
housing benefit - £250
CT benefit
CB - 80
Child tax credit - £213

my partner (well soon to be ex) doesnt contribute anything right now as he is jsa has stopped and is on 40 a week - which all goes on the car and seeing his son. (i have use of the car)

do i need to put anything in for car use (i have covered my bit under any other travel)?
do i include CB - i know its a bit wooly here
ta muchly B x

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned....................

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 992
Other income............................ 75
Total monthly income.................... 1067

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 250
Management charge (leasehold property).. 0
Council tax............................. 91
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 39
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12.5
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 350
Clothing................................ 60
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 0
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1033.5


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

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 1,067
Expenses (including HP & secured debts). 1,033.5
Available for debt repayments........... 33.5
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 33.5

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

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.[/font]

So_Sad_Angel

Hi Beth....just bumping this up....is SOA for ED basically the same concept as for BR does anyone know??

Not sure on C/Ben whether to show or not. Also phone seems a bit high as a monthly figure....maybe show some of that 60 in mobile/internet....obviously you need mobile for your son.

Prescriptions?

Sorry...LOL I`m not much help am I ? :o:o

fiveyearplan

Looks fine to me and as your sole income is benefits you won't need to worry about an IPA.

tigerfeet2006

Bethankim wrote: »

Hi all,

now to try again, as i thought i was here and actually posted it in the DFW board..:o:o doh!

i know ive been around so long now im part of the furniture,but me and figures are not good bed fellows.

I have been sent an income expenditure form as the first step towards early discharge, can someone cast a glance and see if i have anything glaringly obvious, or too high. our total income is benefits - ive included my child benefit in the figure.

its made up of

ESA - £358
housing benefit - £250
CT benefit
CB - 80
Child tax credit - £213

my partner (well soon to be ex) doesnt contribute anything right now as he is jsa has stopped and is on 40 a week - which all goes on the car and seeing his son. (i have use of the car)

do i need to put anything in for car use (i have covered my bit under any other travel)? I would just leave it there
do i include CB - i know its a bit wooly here Yes, include but make sure you mark it as such
ta muchly B x

Household Information[/b]
Number of adults in household........... 2 Is this you and your ex?
Number of children in household......... 1
Number of cars owned....................

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 992
Other income............................ 75 what's this?
Total monthly income.................... 1067

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 250
Management charge (leasehold property).. 0
Council tax............................. 91
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 39
Telephone (land line)................... 60 this is fine for 2 people but for single a bit high.
Mobile phone............................ 0
TV Licence.............................. 12.5
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 350
Clothing................................ 60
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 0
Other child related expenses............ 20 school lunches £2 a day primary, £3 secondary.
Medical (prescriptions, dentist etc).... 0 £10 dentist, optician. Presume you get free prescriptions.
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0 £40
Emergency fund.......................... 0
Total monthly expenses.................. 1033.5


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

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 1,067
Expenses (including HP & secured debts). 1,033.5
Available for debt repayments........... 33.5
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 33.5

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

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.[/font]

Tjat will give you some figures to play with.

Bethankim

Ta muchly

the phone includes the virgin package and my mobile (only a payg) but can tweak it and add in somewhere else.

Yes includes my ex - we are still living together til council rehouses him, but the benefits still stand as everything i get

the £75 is the massive (sarcasm) amount i get in maintenance.

but like you say ive not added in bits, and as its all benefits im not worried..will tweak and send

tigerfeet2006

Make sure you send it signed for so you know it has arrived.