My SOA

In_a_Mess_3

So here it is in all its glory!!

It is a lot worse than it has been as I haven't included my wages, which were £720 take home, but as I won't be able to get my job from next month due to the car issues I haven't included them, and even with them the eagle eyed amongst you will have noticed that we would still be short by £200 every month. We have been using the cards to mop up the shortfall but can't anymore as they are all maxed to the limit.

The car maintenance figure is high as it has cost us so far this year a £1000 and would be another £500 next month if we could afford it. And I have put it as worth £2000 but I doubt it would be that as it won't have an MOT from next month.

Anyway, what do you think?


Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1696
Partners monthly income after tax....... 0
Benefits................................ 123
Other income............................ 0
Total monthly income.................... 1819

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 210
Rent.................................... 525
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 77
Telephone (land line)................... 15
Mobile phone............................ 30
TV Licence.............................. 17
Satellite/Cable TV...................... 17
Internet Services....................... 17
Groceries etc. ......................... 440
Clothing................................ 40
Petrol/diesel........................... 50
Road tax................................ 20
Car Insurance........................... 30
Car maintenance (including MOT)......... 100
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 76
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 80
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2130


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 2000


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 5500.....(210)......10
Total secured & HP debts...... 5500......-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
Black Horse....................3800......120.......10
Barclays.......................3000......60....... .0
Egg............................10400.....290...... .26.9
Next...........................250.......30....... .29.9
Lloyds tsb overdraft...........600.......0.........0
RBOS Overdraft.................5000......0.........0
RBOS Card......................2000......60........18.9
Barclaycard....................4500......100...... .18.9
Total unsecured debts..........29550.....660.......-


Monthly Budget Summary
Total monthly income.................... 1,819
Expenses (including HP & secured debts). 2,130
Available for debt repayments........... -311
Monthly UNsecured debt repayments....... 660
Amount short for making debt repayments. -971

Personal Balance Sheet Summary
Total assets (things you own)........... 2,000
Total HP & Secured debt................. -5,500
Total Unsecured debt.................... -29,550
Net Assets.............................. -33,050

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

ToriD29

Hi I am not all that sure about these, but I do not think they allow for satellite or cable. I have been allowed 30/nth for holiday and I think 25/month for medical and I am in my own so you could maybe up these figures slightly if this for two of you? Am also not sure if a budget for presents is usually allowed.

In_a_Mess_3

Oh, thing is with ours it's a package and we get telephone, internet and satellite all in one payment so I split it out.

Mimi_Arc_en_ciel

In_a_Mess wrote: »

So here it is in all its glory!!

It is a lot worse than it has been as I haven't included my wages, which were £720 take home, but as I won't be able to get my job from next month due to the car issues I haven't included them, and even with them the eagle eyed amongst you will have noticed that we would still be short by £200 every month. We have been using the cards to mop up the shortfall but can't anymore as they are all maxed to the limit.

The car maintenance figure is high as it has cost us so far this year a £1000 and would be another £500 next month if we could afford it. And I have put it as worth £2000 but I doubt it would be that as it won't have an MOT from next month.

Anyway, what do you think?


Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1696
Partners monthly income after tax....... 0
Benefits................................ 123
Other income............................ 0
Total monthly income.................... 1819

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 210
Rent.................................... 525
Management charge (leasehold property).. 0
Council tax............................. 150 Can this be paid over 12 months instead of 10? Not make much of a difference but some!
Electricity............................. 80 This is high
Gas..................................... 80 This is high
Oil..................................... 0
Water rates............................. 77 Are you on a meter? can you not change? My waters only £20 a month
Telephone (land line)................... 15
Mobile phone............................ 30
TV Licence.............................. 17
Satellite/Cable TV...................... 17
Internet Services....................... 17
Groceries etc. ......................... 440 Try old style board for ideas
Clothing................................ 40
Petrol/diesel........................... 50
Road tax................................ 20
Car Insurance........................... 30
Car maintenance (including MOT)......... 100 You already know this is high
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 76 What are these?
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 80
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40 Can you drop this down a bit? I always buy my xmas stuff in jan sales lol try ebay/car boots etc
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2130


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 2000


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 5500.....(210)......10
Total secured & HP debts...... 5500......-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
Black Horse....................3800......120.......10
Barclays.......................3000......60....... .0
Egg............................10400.....290...... .26.9
Next...........................250.......30....... .29.9
Lloyds tsb overdraft...........600.......0.........0
RBOS Overdraft.................5000......0.........0
RBOS Card......................2000......60........18.9
Barclaycard....................4500......100...... .18.9
Total unsecured debts..........29550.....660.......-


Monthly Budget Summary
Total monthly income.................... 1,819
Expenses (including HP & secured debts). 2,130
Available for debt repayments........... -311
Monthly UNsecured debt repayments....... 660
Amount short for making debt repayments. -971

Personal Balance Sheet Summary
Total assets (things you own)........... 2,000
Total HP & Secured debt................. -5,500
Total Unsecured debt.................... -29,550
Net Assets.............................. -33,050

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

My quotes are in red If your looking for what you CAN claim for im sure someone will be along shortly with a link - and you CAN have sky providing its the lower balance (think i claim £25 for mine) x

tigerfeet2006

In_a_Mess wrote: »

Oh, thing is with ours it's a package and we get telephone, internet and satellite all in one payment so I split it out.

If that is the case then put it on the SoA under phone.

tigerfeet2006

These are my comments from your other thread.

Quote:
Originally Posted by In a Mess
So here it is in all its glory!!

It is a lot worse than it has been as I haven't included my wages, which were £720 take home, but as I won't be able to get my job from next month due to the car issues I haven't included them, and even with them the eagle eyed amongst you will have noticed that we would still be short by £200 every month. We have been using the cards to mop up the shortfall but can't anymore as they are all maxed to the limit.

The car maintenance figure is high as it has cost us so far this year a £1000 and would be another £500 next month if we could afford it. And I have put it as worth £2000 but I doubt it would be that as it won't have an MOT from next month.

Right, I would suggest you don't pay the HP on the car and buy a run around.

Anyway, what do you think? :eek:


Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1696
Partners monthly income after tax....... 0
Benefits................................ 123
Other income............................ 0
Total monthly income.................... 1819

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 210
Rent.................................... 525
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 77 This is high. Does it include arrears?
Telephone (land line)................... 15
Mobile phone............................ 30
TV Licence.............................. 17 £12
Satellite/Cable TV...................... 17 not allowed on SoA must come out of surplus.
Internet Services....................... 17 ditto unless essential for work/study
Groceries etc. ......................... 440 £600
Clothing................................ 40 £120
Petrol/diesel........................... 50 this is low, are you sure it is correct?
Road tax................................ 20
Car Insurance........................... 30
Car maintenance (including MOT)......... 100 £40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 76 £5 per week per child activities. £2 per day primary and £3 per day secondary school lunches.
Medical (prescriptions, dentist etc).... 10 £20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 80 the OR will probably have an interest in this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40 not allowed by most OR's
Haircuts................................ 10 £10 per adult £5 per child
Entertainment........................... 0
Holiday................................. 0 £80
Emergency fund.......................... 0
Total monthly expenses.................. 2130


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 2000


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 5500.....(210)......10
Total secured & HP debts...... 5500......-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
Black Horse....................3800......120.......10
Barclays.......................3000......60....... .0
Egg............................10400.....290...... .26.9
Next...........................250.......30....... .29.9
Lloyds tsb overdraft...........600.......0.........0
RBOS Overdraft.................5000......0.........0
RBOS Card......................2000......60........18.9
Barclaycard....................4500......100...... .18.9
Total unsecured debts..........29550.....660.......-


Monthly Budget Summary
Total monthly income.................... 1,819
Expenses (including HP & secured debts). 2,130
Available for debt repayments........... -311
Monthly UNsecured debt repayments....... 660
Amount short for making debt repayments. -971

Personal Balance Sheet Summary
Total assets (things you own)........... 2,000
Total HP & Secured debt................. -5,500
Total Unsecured debt.................... -29,550
Net Assets.............................. -33,050

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

This is the sort of figures the OR will be looking at. Are you both going BR?

How far away is work? Your petrol is low. Don't pay the HP on the car and get a run around. As it is on HP anyway the HP co. will most likely want it back.

Any arrears with utilities will be included in the BR.

In_a_Mess_3

The water includes arrears, only just started paying it back.

child related expenses, that is for both of them for school dinners.

The car thing is complicated - we put £50 as that would be it for this month, from the month after we will be walking as the car will be off the road, £100 is what it would be for maintenance, but I guess I should take it off as we won't have the car anyway?

Gas and electric is about average for a 3 bed detached bungalow with 4 people in I thought? I do tend to keep the heating on as the house is damp and I am trying to stop that.

Presents, I put in as I thought we should! I'll do the holidays instead, as we won't be going on holiday so that will cover that and the satellite and internet!

Also things like clothing and groceries I was trying to be good, and not over estimate,

This has been really useful, thanks!

tigerfeet2006

Put the water down as it would be with out the arrears.

As I said if you stop paying the HP and save the money you should be able to get yourself a little runaround.

Put the payment for phone, internet and satelite under phone as one payment.

Add £5 per week per child for activities

Gas and Electric should be fine, the OR may feel the are a tadge high but he may not and you have bills to prove usage so leave as they are.

Are you both going BR?

In_a_Mess_3

Sorry yes we are both going BR, as the debts are between us, and it seems that would be best.

I will be getting a little run around at some point, do I have to pay insurance on the other car if it is off the road?

thanks mommyme for your comments also, that is the beauty of a place like this, you don't feel alone.

Mimi_Arc_en_ciel

There is a webpage with the info on what you CAN claim for - I seem to think its on the nationaldebt website?

Tells you the maximum you are allowed and what you can claim for.

your never alone

Me x

philnicandamy

This might help as a GUIDE only...(not to be copied word for word otherwise the OR's will question everything...its happened in the past!)

http://www.blind-as-a-bat.co.uk/Household_Expenditurnew.html

I do believe though the insolvency service have been messing with the figures again so its subject to change..