1st SOA its very bad :-(

shopaholicnomore_2

Statment of Affairs

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 2000
Partners monthly income after tax....... 1200
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 3280
Monthly Expense Details
Mortgage................................ 563
Secured/HP loan repayments.............. 166.76999999999998
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 96
Electricity............................. 161
Gas..................................... 0 (Joint bill with electricity)
Oil..................................... 0
Water rates............................. 14
Telephone (land line)................... 0(Joint with internet)
Mobile phone............................ 43
TV Licence.............................. 15
Satellite/Cable TV...................... 0
Internet Services....................... 26
Groceries etc. ......................... 50
Clothing................................ 0
Petrol/diesel........................... 90
Road tax................................ 0
Car Insurance........................... 46
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 175
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 30
Contents insurance...................... 0
Life assurance ......................... 35
Other insurance......................... 23
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
hsbc plus account....................... 12.95
lloyds tsb current...................... 8.95
Childrens Mutual........................ 20
lottery!................................ 5
Total monthly expenses.................. 1635.67

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 2000
Total Assets............................ 155000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 101777...(563)......0
Secured Debt.................. 15364....(69).......0<
hsbc overdraft.................1600.....(22.77)....0<
Bank of parents................6500.....(75).......0
Total secured & HP debts...... 125241....-.........-


Unsecured Debts
Description....................Debt......Monthly...APR
HSBC-cc........................7390......184.......20.9
MBNA-cc........................8000......231.......0
Barclay's-cc...................4313......106.......9.9
Egg Loan-5 payments ...........711.......146.......7.9
Sainsburys Loan................13200.....289.......7.95
Total unsecured debts..........33614.....956.......-

Monthly Budget Summary
Total monthly income.................... 3,280
Expenses (including HP & secured debts). 1,635.67
Available for debt repayments........... 1,644.33
Monthly UNsecured debt repayments....... 956
Amount left after debt repayments....... 688.33
Personal Balance Sheet Summary
Total assets (things you own)........... 155,000
Total HP & Secured debt................. -125,241
Total Unsecured debt.................... -33,614
Net Assets.............................. -3,855
Created using the SOA calculator
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]






Its bad!!
The sainsburys and egg loan are split half way between me and my other half. As is the barcary card cc.

??Does that make sense?? I dont have any where near that amount left of disposable income though.

Why did I take so long to grow up and take responsibility. SO stupid. :-(

Please help anyone...

Thank you in advance,

lisawood78

Welcome, well done for posting and just a quickie.
£50 for groceries for 3 for a month? i'm sure this can't be right, so that will account for some of your missing surplus cash.
Sure someone else will be able to give you more help. You've come to the right place.

savingmummy

shopaholicnomore wrote: »

Statment of Affairs

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2 do you need 2

Monthly Income Details
Monthly income after tax................ 2000
Partners monthly income after tax....... 1200
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 3280
Monthly Expense Details
Mortgage................................ 563
Secured/HP loan repayments.............. 166.76999999999998
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 96
Electricity............................. 161 - this seems high
Gas..................................... 0 (Joint bill with electricity)
Oil..................................... 0
Water rates............................. 14
Telephone (land line)................... 0(Joint with internet)
Mobile phone............................ 43 change when you can
TV Licence.............................. 15
Satellite/Cable TV...................... 0
Internet Services....................... 26
Groceries etc. ......................... 50 a mth for 3 people??
Clothing................................ 0 no clothes shopping??
Petrol/diesel........................... 90
Road tax................................ 0 ??
Car Insurance........................... 46
Car maintenance (including MOT)......... 0 ??
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 175
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 30
Contents insurance...................... 0
Life assurance ......................... 35
Other insurance......................... 23 what insurance is this?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
hsbc plus account....................... 12.95
lloyds tsb current...................... 8.95
Childrens Mutual........................ 20
lottery!................................ 5
Total monthly expenses.................. 1635.67

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 2000
Total Assets............................ 155000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 101777...(563)......0
Secured Debt.................. 15364....(69).......0<
hsbc overdraft.................1600.....(22.77)....0<
Bank of parents................6500.....(75).......0
Total secured & HP debts...... 125241....-.........-


Unsecured Debts
Description....................Debt......Monthly...APR
HSBC-cc........................7390......184.......20.9
MBNA-cc........................8000......231.......0
Barclay's-cc...................4313......106.......9.9
Egg Loan-5 payments ...........711.......146.......7.9
Sainsburys Loan................13200.....289.......7.95
Total unsecured debts..........33614.....956.......-

Monthly Budget Summary
Total monthly income.................... 3,280
Expenses (including HP & secured debts). 1,635.67
Available for debt repayments........... 1,644.33
Monthly UNsecured debt repayments....... 956
Amount left after debt repayments....... 688. this is being spent somewhere, so you need to make a spending diary plus see what can be thrown at the cc`s.
Personal Balance Sheet Summary
Total assets (things you own)........... 155,000
Total HP & Secured debt................. -125,241
Total Unsecured debt.................... -33,614
Net Assets.............................. -3,855
Created using the SOA calculator
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]


Your food bill states £50 a mth i`m guessing that is not right.
Also you need to find out if you can get your elec/gas down. Mobile too need lowering maybe go PAYG.
No car tax? xar mot`s etc?

Review your SOA x

jenny_13

shopaholicnomore wrote: »

Statment of Affairs

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 2000
Partners monthly income after tax....... 1200
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 3280
Monthly Expense Details
Mortgage................................ 563
Secured/HP loan repayments.............. 166.76999999999998
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 96
Electricity............................. 161 Very high could you look at changing suppliers?
Gas..................................... 0 (Joint bill with electricity)
Oil..................................... 0
Water rates............................. 14
Telephone (land line)................... 0(Joint with internet)
Mobile phone............................ 43 Could you go PAYG as there are some very good offers now
TV Licence.............................. 15
Satellite/Cable TV...................... 0
Internet Services....................... 26
Groceries etc. ......................... 50 As someone has mentioned is this right? If it is PM as to how you do it.
Clothing................................ 0
Petrol/diesel........................... 90
Road tax................................ 0
Car Insurance........................... 46
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 175
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 30 Could you shop around?
Contents insurance...................... 0
Life assurance ......................... 35 Could you shop around?
Other insurance......................... 23
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
hsbc plus account....................... 12.95 Is it worth the cost or could you downgrade?
lloyds tsb current...................... 8.95 Is it worth the cost or could you downgrade?
Childrens Mutual........................ 20
lottery!................................ 5
Total monthly expenses.................. 1635.67

Assets
Cash.................................... 0
House value (Gross)..................... 150000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 2000
Total Assets............................ 155000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 101777...(563)......0
Secured Debt.................. 15364....(69).......0<
hsbc overdraft.................1600.....(22.77)....0<
Bank of parents................6500.....(75).......0
Total secured & HP debts...... 125241....-.........-


Unsecured Debts
Description....................Debt......Monthly...APR
HSBC-cc........................7390......184.......20.9
MBNA-cc........................8000......231.......0
Barclay's-cc...................4313......106.......9.9
Egg Loan-5 payments ...........711.......146.......7.9
Sainsburys Loan................13200.....289.......7.95
Total unsecured debts..........33614.....956.......-

Monthly Budget Summary
Total monthly income.................... 3,280
Expenses (including HP & secured debts). 1,635.67
Available for debt repayments........... 1,644.33
Monthly UNsecured debt repayments....... 956
Amount left after debt repayments....... 688.33
Personal Balance Sheet Summary
Total assets (things you own)........... 155,000
Total HP & Secured debt................. -125,241
Total Unsecured debt.................... -33,614
Net Assets.............................. -3,855
Created using the SOA calculator
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]






,

That's my view but good luck.

MrsTinks

OK you say some of the bills are split but you have included both your incomes... So either do a totally joint SOA or a totally split SOA - otherwise the numbers will always be off