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soa any comments pls? thanks
confused76
Posts: 12,680 Forumite
hi, any thoughts on my soa? thanks very much
i haven't included a car because i drive my mums. i live with my oh but i haven't included his wages as he is part time at college and his wages pay for his car getting to and from work etc. i get some cash from his but not a lot and not guaranteed. any ideas on this? also, oh owns his car but i haven't put it down as car in household as it is his and nothing to do with me....see what you think! thanks x
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 0
Monthly Income Details[/b]
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1100
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 109
Electricity............................. 31
Gas..................................... 55
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 12
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160
Clothing................................ 20
Petrol/diesel........................... 130
Road tax................................ 10
Car Insurance........................... 30
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 0
Total monthly expenses.................. 1145
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
cc1............................9100......200.......30
cc2............................1100......20........18
cc3............................2300......60........18
od.............................3000......30........7
loan2..........................3800......90........3
loan1..........................10000.....360.......7
Total unsecured debts..........29300.....760.......-
Monthly Budget Summary
Total monthly income.................... 1,100
Expenses (including HP & secured debts). 1,145
Available for debt repayments........... -45
Monthly UNsecured debt repayments....... 760
Amount short for making debt repayments. -805
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -29,300
Net Assets.............................. -29,300
i haven't included a car because i drive my mums. i live with my oh but i haven't included his wages as he is part time at college and his wages pay for his car getting to and from work etc. i get some cash from his but not a lot and not guaranteed. any ideas on this? also, oh owns his car but i haven't put it down as car in household as it is his and nothing to do with me....see what you think! thanks x
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 0
Monthly Income Details[/b]
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1100
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 109
Electricity............................. 31
Gas..................................... 55
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 12
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160
Clothing................................ 20
Petrol/diesel........................... 130
Road tax................................ 10
Car Insurance........................... 30
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 0
Total monthly expenses.................. 1145
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
cc1............................9100......200.......30
cc2............................1100......20........18
cc3............................2300......60........18
od.............................3000......30........7
loan2..........................3800......90........3
loan1..........................10000.....360.......7
Total unsecured debts..........29300.....760.......-
Monthly Budget Summary
Total monthly income.................... 1,100
Expenses (including HP & secured debts). 1,145
Available for debt repayments........... -45
Monthly UNsecured debt repayments....... 760
Amount short for making debt repayments. -805
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -29,300
Net Assets.............................. -29,300
0
Comments
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confused76 wrote: »hi, any thoughts on my soa? thanks very much
i haven't included a car because i drive my mums. i live with my oh but i haven't included his wages as he is part time at college and his wages pay for his car getting to and from work etc. i get some cash from his but not a lot and not guaranteed. any ideas on this? also, oh owns his car but i haven't put it down as car in household as it is his and nothing to do with me....see what you think! thanks x
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 0
Monthly Income Details[/b]
Monthly income after tax................ 1100
Partners monthly income after tax....... 0 you still need to put some contribution
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1100
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 109
Electricity............................. 31
Gas..................................... 55
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 12
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160 £400
Clothing................................ 20
Petrol/diesel........................... 130
Road tax................................ 10
Car Insurance........................... 30
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 0
Total monthly expenses.................. 1145
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
cc1............................9100......200.......30
cc2............................1100......20........18
cc3............................2300......60........18
od.............................3000......30........7
loan2..........................3800......90........3
loan1..........................10000.....360.......7
Total unsecured debts..........29300.....760.......-
Monthly Budget Summary
Total monthly income.................... 1,100
Expenses (including HP & secured debts). 1,145
Available for debt repayments........... -45
Monthly UNsecured debt repayments....... 760
Amount short for making debt repayments. -805
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -29,300
Net Assets.............................. -29,300
Have you put down the total of all the bills or just your share (you need to put down the total). Do you need to use the car for work? If not you may not be allowed those expenses on your SOA.
:j :j
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thanks for this - these are the total bills, i will put oh contribution as £130. yes, i ues car for work, 28 miles each way, hope this will be ok.
thanks for looking x0 -
one thought, i tend to get varied contribution from oh due to his job (plus he is patr time as at college) so was going to put down £30pm0
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ignore that last comment i was part way thru typing!0
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one thought, i was going to put £130pm from oh, he does earn more than this but that goes towards his expenses and car etc so i'm not putting down his full earnings pm, however, i don't think i should as i am not including his outgoings, does this make sense? thanks! x0
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That is correct. How much does he earn though? (ie if he earns say £1,000 per month he would be expected to pay more than £130 - if he doesn't earn much he won't be expected to pay much).
:j :j
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about £600 at the moment (we are hoping this changes soon!), once he has paid his own bills there is not much left ;-(
thanks for your help fiveyear x0 -
So pro rota his contribution would be expected around 35% of bills.
I think be may be wrong0 -
In that case you will need to put down about £300. You have added £220 to housekeeping making it £400, contents insurance £20, prescriptions £20. Make all those changes and then post again and we'll see where we go from there.
:j :j
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great thanks x0
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