IPA question

CJOR

I have kept his money in as the full amount because all of the money does go on bills food etc...... is that right - if not I am not sure how it goes....... sorry getting all confused and stressed!!

but anyway how does it look now??

thanks



Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 492.24
Partners monthly income after tax....... 278.63
Benefits................................ 925.11
Other income............................ 0
Total monthly income.................... 1695.98
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 275
Management charge (leasehold property).. 0
Council tax............................. 103
Electricity............................. 40
Gas..................................... 0
Oil..................................... 60
Water rates............................. 49
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 150
Petrol/diesel........................... 120
Road tax................................ 16
Car Insurance........................... 30
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 40
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 1645

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 250
Other assets............................ 0
Total Assets............................ 250

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
(Unnamed debt).................55000.....0.........0
Total unsecured debts..........55000.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,695.98
Expenses (including HP & secured debts). 1,645
Available for debt repayments........... 50.98
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 50.98
Personal Balance Sheet Summary
Total assets (things you own)........... 250
Total HP & Secured debt................. -0
Total Unsecured debt.................... -55,000
Net Assets.............................. -54,750
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

CJOR

Any more advice on my SOA above as BR appointment @ 9am tomorrow so time is running out fast!! :eek::eek::eek::eek:

The SOA is so confusing or is it just me??

Thanks, :T:T:T:T

tigerfeet2006

As you are not doing seperate SoA's I would drop the medical to £30.

You have not put school meals down for the children.

CJOR

Thank you Tiger! much much apprecaited! :-)

CJOR

As for the school meals - my kids are 18mths & 2mths - will the OR think i'm taking the mickey if i put in the school meals as they are so young??

tigerfeet2006

Sorry for some reason I thought they were older Then no don't put that down.

My last two have an age gap like that, it's great fun

CJOR

tigerfeet2006 wrote: »

My last two have an age gap like that, it's great fun

I hope so the older one just loves his little brother!!

Thanks again for all you help Tiger as previously said much much appreciated! :A