soa any comments pls? thanks

confused76

hello there
i am trying to finish my br forms today...could you take a last look at my soa? (i haven't put my debts in as i'm going br, i just need to know if the soa looks reasonable)
thanks so much xxx:o

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 300
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1400
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. ......................... 400
Clothing................................ 20
Petrol/diesel........................... 130
Road tax................................ 10
Car Insurance........................... 30
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 0
Private Healthcare Through Work......... 10**this is the annual excess fee, i am using the policy at the moment so have to pay this to get treatment
Total monthly expenses.................. 1400

Monthly Budget Summary
Total monthly income.................... 1,400
Expenses (including HP & secured debts). 1,400
Available for debt repayments........... 0
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 0
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

kerrypn

Hi

I would get house contents insurance and include this on you SOA too

EDIT:Just noticed you had answered my q above

confused76

hi kerry thanks for reply - no, i drive my mums. my partner owns his car but i guess as its his i don't need to list it?
i was going to put contents insurance, but this takes me into negative budget, won't my br get rejected of i do this?
thanks so much for your help x

tigerfeet2006

At a quick glance it looks fine to me. Though I would drop the holiday and get contents insurance with accidental damage. Go through someone like Topcashback to get a little bit of cash as well.

confused76

thanks tigerfeet. i don't really understand contents insurance though, sorry to be dim. we live in rented so anything that goes wrong with the flat is covered by the landlord - washine machine, fridge, heating etc and we don't have anything worth stealing:o is there a legal obligation to have contents insurance? thanks x

confused76

hiya can anyone answer my last Q on this? thanks x

curly04

its not a legal requirement but if someone breaks in and nicks all your stuff.......

its your choice but its worth having

confused76

thanks curly04
nothing valuable, more sentimental i would say! x

curly04

i've worked in insurance for 10 years many in claims, so please don't take this the wrong way.

The way I look at it is

If someone broke in to your house tomorrow and took every thing or heaven forbid there was a fire

You now have to replace everything

beds
sofas
clothes
tv
compter
kettle
mirrors , you get the picture

could you afford to replace it all?

like i say its your choice but it is worth it.

peachyprice

Is it fully furnished?

If you had a flood or fire, flat was broken into and vandalised, and all your clothes, furniture etc.was destroyed would you have to replace it?