Me again- Need help with single person SOA please

in_a_mess_4

Hi everyone,

I am still slowly filling out forms for bankruptcy, keep looking at them, filling bits in and leaving them, I just want to get it done now so cracking on with it.

I need help filling out my final SOA, my income is different every month, shall i take an average of my income since i started or just the last 3 month? Also i will get an xmas bonus from aquartely incentive this month, shall i include that?

Also how much food money and living expences am i allowed as single person living alone?

in_a_mess_4

anyone help at all???

would be much appreciated x

DEPTFREE2010

sorry cant help but didnt want to read and run,

InnerPeace

Hi, go with the average over the last 3 months and then give them the details in the interview and mention the bonus then.

Housekeeping for a single person is £194. Don't forget utility bills, clothing, council tax, travel, tv licence, hair cuts, dentist, holiday saving, mobile phone and landline, prescriptions, household/building insurance, rent/mortgage.

Mrs_Malaprop

Most posters on here use this and post it up on the board for people to help with

http://www.makesenseofcards.com/soacalc.html

shazbo

Hi, my hubbys wages change month to month as yours do, you must have a basic wage though? if you do put that, always work with the lowest amount you could get at any time that way when you have extra they will take their amount and leave you with the rest but at least it means you are managing even on your lowest pay

in_a_mess_4

Well this is approx what it would be after BR, not sure for def as if i'm honest i've never stuck to a budget but i'm kind of excited about been able to stick to a budget. Is there anything I need to alter here?????

Thanks for all your help, its really helping me out as i'm a bag of nerves at the minute and I don't even have my appointment with the CAB while the 6th January but i am assuming they will book me in for BR date then x


Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1393
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1393
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 80 electric only flat
Gas..................................... 0
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 25
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 200
Clothing................................ 50 need smart clothes for work
Petrol/diesel........................... 160
Road tax................................ 20
Car Insurance........................... 65 this is high due to my age
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1251

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.................... 1,393
Expenses (including HP & secured debts). 1,251
Available for debt repayments........... 142
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 142
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.

in_a_mess_4

forgot to mention my basic wage is 1140 but i think its rare i will get this if ever. These are my wages so far since i started the job

September £1140

October £1200

November £1200

December should be approx £1770 (however this is due to a quartely incentive which I won £375, this is unlikly to happen again.

January (prediction) £1500