SOA please read and advise

smegs1978

Can someone please look at my SOA and advise please.

Statement of Affairs and Personal Balance Sheet

Household Information

Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 828
Partners monthly income after tax....... 0
Benefits................................ 1279 (includes £185 for CB)
Other income............................ 0
Total monthly income.................... 2107
Monthly Expense Details

Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 460
Management charge (leasehold property).. 0
Council tax............................. 115
Electricity............................. 75
Gas..................................... 75
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 35
Mobile phone............................ 15
TV Licence.............................. 12
Satellite/Cable TV...................... 26
Internet Services....................... 16
Groceries etc. ......................... 600
Clothing................................ 100
Petrol/diesel........................... 80
Road tax................................ 18
Car Insurance........................... 74
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 24
Other child related expenses............ 64 (school dinners)
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 0
TV Rental............................... 26

Total monthly expenses.................. 1954

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.................... 2,107
Expenses (including HP & secured debts). 1,954
Available for debt repayments........... 153
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 153
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.[/font]

Thanks in advance.

lindens

Hello. Well done for doing your SOA.
I realise there are 5 of you in the house but these still look a little high to me-
Water - 50 (are you on a meter? if you are can you come off it?)
Groceries - 600 :shocked: (how often do you do a cupboard/freezer inventory? i do one every 2-3 months now, seeing how many meals i can do out of whats in my cupboard and freezer, its always loads and takes me by surprise. go over to the OS board about saving money on food and cooking)

Not sure if maybe you can scrape a bit off Gas and Elec too - make sure everyone turns off lights/sockets/chargers.
I'm sure others will be along soon and give more advise

smegs1978

lindens wrote: »

Hello. Well done for doing your SOA.
I realise there are 5 of you in the house but these still look a little high to me-
Water - 50 (are you on a meter? if you are can you come off it?)
Groceries - 600 :shocked: (how often do you do a cupboard/freezer inventory? i do one every 2-3 months now, seeing how many meals i can do out of whats in my cupboard and freezer, its always loads and takes me by surprise. go over to the OS board about saving money on food and cooking)

Not sure if maybe you can scrape a bit off Gas and Elec too - make sure everyone turns off lights/sockets/chargers.
I'm sure others will be along soon and give more advise

The SOA is for bankrupcy, as trying to avoid a IPA, thanks for the input anyway.

dollparts

smegs1978 wrote: »

Can someone please look at my SOA and advise please.

Statement of Affairs and Personal Balance Sheet

Household Information

Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 828
Partners monthly income after tax....... 0
Benefits................................ 1279 (includes £185 for CB)
Other income............................ 0
Total monthly income.................... 2107
Monthly Expense Details

Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 460
Management charge (leasehold property).. 0
Council tax............................. 115you may be entitled to help with this as there is only one adult working?
Electricity............................. 75
Gas..................................... 75
Oil..................................... 0
Water rates............................. 50are you in arrears paying off maybe or on a meter?
Telephone (land line)................... 35
Mobile phone............................ 15
TV Licence.............................. 12
Satellite/Cable TV...................... 26
Internet Services....................... 16
Groceries etc. ......................... 600
Clothing................................ 100
Petrol/diesel........................... 80
Road tax................................ 18
Car Insurance........................... 74 seems high a little
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 24
Other child related expenses............ 64 (school dinners)
Medical (prescriptions, dentist etc).... 0this should be accounted for if any of you wear glasses/lenses
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 0
TV Rental............................... 26

Total monthly expenses.................. 1954

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0whats the value of your car?
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.................... 2,107
Expenses (including HP & secured debts). 1,954
Available for debt repayments........... 153
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 153
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.[/font]

Thanks in advance.

do you have any debts outstanding? and is your soa for consideration of BR? If so it's hard to gauge whether in/solvent without repayment details.

Hope this helps a little whilst someone else will come along and have a go for you.

tigerfeet2006

lindens wrote: »

Hello. Well done for doing your SOA.
I realise there are 5 of you in the house but these still look a little high to me-
Water - 50 (are you on a meter? if you are can you come off it?)
Groceries - 600 :shocked: (how often do you do a cupboard/freezer inventory? i do one every 2-3 months now, seeing how many meals i can do out of whats in my cupboard and freezer, its always loads and takes me by surprise. go over to the OS board about saving money on food and cooking)

Not sure if maybe you can scrape a bit off Gas and Elec too - make sure everyone turns off lights/sockets/chargers.
I'm sure others will be along soon and give more advise

This is not a DFW SoA, this is a BR SoA which is an entirely animal. We have maximums we need to play with not minimums we need to get.

kerrypn

all looks OK, except I would guess the water rates is what you currently pay in arrears? If so state on your SOA that this is an estimate-you can amend with OR when you know exactly.

Groceries look a little high, does this include nappies etc?

Clothing maybe a little low with 3 children-are you sure its not more?

Hope this helps

PS I put on my SOA that I was estimating figures, and I phoned OR when I knew exactly, it was fine.

tigerfeet2006

We are a family of 5 and our water bill is £50 a month on a meter. This is the norm I am afraid.

£600 for groceries for a family of 5 is perfectly OK as well.

Clothes for 5 could go down as £120/150