New Job... yet still worried

joobie538

Got the call today!!!

After a fair few months of unemployment some fool has decided to give me a job

Well I actually had to choose as I got offered 2, I went for the lesser paid more secure option.

It's funny coz i've been trying to get a job for so long, it's probably been all i've been focusing on. And now I have one i'm starting to panic!

I need to move into my own place, what if i can't support myself? what if i can't afford to live? what if i sign a 6mth contract and lose this job in a few months? what if i've made the wrong choice and i'm not happy?

the worries are ridic i'm not an insecure person but i'm starting to panic about every aspect of my life!!! I honestly think it is because life is becoming "real" again for the first time since my BR. And the thought of getting myself into the situation i was in pre BR scares the begeebers out of me.

anyhoo, how can I figure out what my take home pay will be? and i'm guessing if I fill out my SOA backwards i can work out how much rent I can easily afford lol

slight rant... sorry, just having a moment

debtinfo

try this

http://www.i-resign.com/uk/financialcentre/tax_calculator.asp

joobie538

debtinfo wrote: »

try this

Cheers,

according to that my take home pay in a month with no commission (again can't rely on that to pay the bills like before) is £1005.

Just need to fill out the SOA... I'll post it here when i'm done, just incase i miss anything.


Oh and how does it work with commision and the OR? I can't notify him of something i'm not guaranteed.

debtinfo

usually if the job is new they may wait 3 months to see what your average take home is before asking for an IPA. Obviously you just need to put down what you know at the moment which is just your basic

joobie538

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1005
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1005
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 150
Clothing................................ 50
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 120
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 50
Emergency fund.......................... 50
Total monthly expenses.................. 550

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.................... 1,005
Expenses (including HP & secured debts). 550
Available for debt repayments........... 455
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 455
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 IE browser.


Ok so i'm using this more to work out what i can afford to rent, i've been looking at renting rooms inclusive of bills, and i figure i can go upto £450pcm. Just thought i'd check incase i've missed something major.

I realise some of these expenses will have to come out my surplus when i submit my new SOA to the OR, but this is purely to see where i can afford to live.

tigerfeet2006

joobie538 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1005
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1005
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 0 £12
Satellite/Cable TV...................... 0
Internet Services....................... 10 will have to come from surplus unless essential for work
Groceries etc. ......................... 150 £200
Clothing................................ 50
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 120
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 £15
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0 you will need some for your own personal stuff
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 most OR's won't alow but leave and see
Haircuts................................ 20 £10
Entertainment........................... 20 Not allowed
Holiday................................. 50 £25
Emergency fund.......................... 50 most OR'swon't allow but try £20
Total monthly expenses.................. 550

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.................... 1,005
Expenses (including HP & secured debts). 550
Available for debt repayments........... 455
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 455
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 IE browser.


Ok so i'm using this more to work out what i can afford to rent, i've been looking at renting rooms inclusive of bills, and i figure i can go upto £450pcm. Just thought i'd check incase i've missed something major.

I realise some of these expenses will have to come out my surplus when i submit my new SOA to the OR, but this is purely to see where i can afford to live.

Some comments for you.