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Updated SOA... hope it makes more sense!
emsikins
Posts: 121 Forumite
I posted my very first SOA over the weekend but it wasn't in depth enough. So, I tried a different calculator and have put together this new and improved model!
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1145
Partners monthly income after tax....... 840
Benefits................................ 0
Other income............................ 100
Total monthly income.................... 2085
Monthly Expense Details
Mortgage................................ 430.3
Secured/HP loan repayments.............. 426.43
Rent.................................... 0
Management charge (leasehold property).. 10.42
Council tax............................. 99
Electricity............................. 21.92
Gas..................................... 21.91
Oil..................................... 0
Water rates............................. 27.15
Telephone (land line)................... 10
Mobile phone............................ 65
TV Licence.............................. 11.95
Satellite/Cable TV...................... 10
Internet Services....................... 10
Groceries etc. ......................... 100
Clothing................................ 0
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 113.71
Car maintenance (including MOT)......... 16.67
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 11.03
Buildings insurance..................... 9.22
Contents insurance...................... 9.22
Life assurance ......................... 21.58
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 20
Entertainment........................... 38.99
Holiday................................. 0
Emergency fund.......................... 0
ISA Savings............................. 20
Charity Donations....................... 31
Maintenance for Communal Areas.......... 18.75
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1654.25
Assets
Cash.................................... 0
House value (Gross)..................... 160000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 163500
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 81426....(430.3)....5.48
Secured Debt.................. 4963.8...(206.2)....14.9<
Washing Machine................368......(9.2)......24.9<
Sofas..........................252.31...(36.03)....0<
House deposit loan.............80596....(175)......0
Total secured & HP debts...... 167606.1.-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Debenhams Credit Card..........1420.04...56.8......18.3
Dorothy Perkins Card...........34.31.....4.........26.5
Burton Card....................100.......4.........29.9
HSBC Overdraft.................750.......7.65......19.9
Halifax Overdraft 2............750.......35........0
Halifax Overdraft 1............1350......35........0
Halifax Credit Card............350.......5.........0
Total unsecured debts..........4754.35...147.45....-
Monthly Budget Summary
Total monthly income.................... 2,085
Expenses (including HP & secured debts). 1,654.25
Available for debt repayments........... 430.75
Monthly UNsecured debt repayments....... 147.45
Amount left after debt repayments....... 283.3
Personal Balance Sheet Summary
Total assets (things you own)........... 163,500
Total HP & Secured debt................. -167,606.11
Total Unsecured debt.................... -4,754.35
Net Assets.............................. -8,860.46
I have cut out clothing as this is something we are trying to curb our spending here! We have way too many clothes... might head on over to ebay with some! We also receive travel expenses from work but this hasn't been included in the income as it varies from month to month.
So, all dirty laundry aired on here... all feedback (non-judgemental preferably!) welcome!
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1145
Partners monthly income after tax....... 840
Benefits................................ 0
Other income............................ 100
Total monthly income.................... 2085
Monthly Expense Details
Mortgage................................ 430.3
Secured/HP loan repayments.............. 426.43
Rent.................................... 0
Management charge (leasehold property).. 10.42
Council tax............................. 99
Electricity............................. 21.92
Gas..................................... 21.91
Oil..................................... 0
Water rates............................. 27.15
Telephone (land line)................... 10
Mobile phone............................ 65
TV Licence.............................. 11.95
Satellite/Cable TV...................... 10
Internet Services....................... 10
Groceries etc. ......................... 100
Clothing................................ 0
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 113.71
Car maintenance (including MOT)......... 16.67
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 11.03
Buildings insurance..................... 9.22
Contents insurance...................... 9.22
Life assurance ......................... 21.58
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 20
Entertainment........................... 38.99
Holiday................................. 0
Emergency fund.......................... 0
ISA Savings............................. 20
Charity Donations....................... 31
Maintenance for Communal Areas.......... 18.75
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1654.25
Assets
Cash.................................... 0
House value (Gross)..................... 160000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 163500
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 81426....(430.3)....5.48
Secured Debt.................. 4963.8...(206.2)....14.9<
Washing Machine................368......(9.2)......24.9<
Sofas..........................252.31...(36.03)....0<
House deposit loan.............80596....(175)......0
Total secured & HP debts...... 167606.1.-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Debenhams Credit Card..........1420.04...56.8......18.3
Dorothy Perkins Card...........34.31.....4.........26.5
Burton Card....................100.......4.........29.9
HSBC Overdraft.................750.......7.65......19.9
Halifax Overdraft 2............750.......35........0
Halifax Overdraft 1............1350......35........0
Halifax Credit Card............350.......5.........0
Total unsecured debts..........4754.35...147.45....-
Monthly Budget Summary
Total monthly income.................... 2,085
Expenses (including HP & secured debts). 1,654.25
Available for debt repayments........... 430.75
Monthly UNsecured debt repayments....... 147.45
Amount left after debt repayments....... 283.3
Personal Balance Sheet Summary
Total assets (things you own)........... 163,500
Total HP & Secured debt................. -167,606.11
Total Unsecured debt.................... -4,754.35
Net Assets.............................. -8,860.46
I have cut out clothing as this is something we are trying to curb our spending here! We have way too many clothes... might head on over to ebay with some! We also receive travel expenses from work but this hasn't been included in the income as it varies from month to month.
So, all dirty laundry aired on here... all feedback (non-judgemental preferably!) welcome!
Total debt at LBM... £16,815.02 :eek:
0
Comments
-
I posted my very first SOA over the weekend but it wasn't in depth enough. So, I tried a different calculator and have put together this new and improved model!
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1145
Partners monthly income after tax....... 840
Benefits................................ 0
Other income............................ 100
Total monthly income.................... 2085
Monthly Expense Details
Mortgage................................ 430.3
Secured/HP loan repayments.............. 426.43
Rent.................................... 0
Management charge (leasehold property).. 10.42
Council tax............................. 99
Electricity............................. 21.92
Gas..................................... 21.91
Oil..................................... 0
Water rates............................. 27.15
Telephone (land line)................... 10
Mobile phone............................ 65 Could you go pay as you go?
TV Licence.............................. 11.95
Satellite/Cable TV...................... 10
Internet Services....................... 10
Groceries etc. ......................... 100
Clothing................................ 0
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 113.71 Could you shop around on price comparison websites to cut down?
Car maintenance (including MOT)......... 16.67
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 11.03
Buildings insurance..................... 9.22
Contents insurance...................... 9.22
Life assurance ......................... 21.58
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30 Could you cut down and give homemade gifts (I ove homemade cakes for example)
Haircuts................................ 20
Entertainment........................... 38.99
Holiday................................. 0
Emergency fund.......................... 0
ISA Savings............................. 20 As interest rates are so low if you already have emergency funds it may be worth paying this towards your debts
Charity Donations....................... 31 Could you cut down and give time instead?
Maintenance for Communal Areas.......... 18.75
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1654.25
Assets
Cash.................................... 0
House value (Gross)..................... 160000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 163500
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 81426....(430.3)....5.48
Secured Debt.................. 4963.8...(206.2)....14.9<
Washing Machine................368......(9.2)......24.9<
Sofas..........................252.31...(36.03)....0<
House deposit loan.............80596....(175)......0
Total secured & HP debts...... 167606.1.-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Debenhams Credit Card..........1420.04...56.8......18.3
Dorothy Perkins Card...........34.31.....4.........26.5
Burton Card....................100.......4.........29.9
HSBC Overdraft.................750.......7.65......19.9
Halifax Overdraft 2............750.......35........0
Halifax Overdraft 1............1350......35........0
Halifax Credit Card............350.......5.........0
Total unsecured debts..........4754.35...147.45....-
Monthly Budget Summary
Total monthly income.................... 2,085
Expenses (including HP & secured debts). 1,654.25
Available for debt repayments........... 430.75
Monthly UNsecured debt repayments....... 147.45
Amount left after debt repayments....... 283.3 What are you currently spending this on? Could half pay off your debts and half for savings?
Personal Balance Sheet Summary
Total assets (things you own)........... 163,500
Total HP & Secured debt................. -167,606.11
Total Unsecured debt.................... -4,754.35
Net Assets.............................. -8,860.46
I have cut out clothing as this is something we are trying to curb our spending here! We have way too many clothes... might head on over to ebay with some! We also receive travel expenses from work but this hasn't been included in the income as it varies from month to month.
So, all dirty laundry aired on here... all feedback (non-judgemental preferably!) welcome!
Ebay is a great way to earn some extra money (I need to get back on there). Some areas all you need to do is shop around which will mean that you can put more to the debts and become debt free
Good luck0
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