shopping allowence

TDMum

if you fill in the SOA, click calculate then click the MSE button a wee window will pop up with it in forum form. There will be a highlight button click on that, then, press your control key and the 'C' key at the same time. Then come here and in reply box press the control key and the 'V' key at the same time and it should paste the info for you.

burnmount

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 8
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1150
Partners monthly income after tax....... 0
Benefits................................ 2050
Other income............................ 0
Total monthly income.................... 3200
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 176
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 100
Gas..................................... 120
Oil..................................... 0
Water rates............................. 45
Telephone (land line)................... 60
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 25
Groceries etc. ......................... 1300
Clothing................................ 200
Petrol/diesel........................... 120
Road tax................................ 40
Car Insurance........................... 40
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 35
Other child related expenses............ 200
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 50
Total monthly expenses.................. 3278

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1
Other assets............................ 0
Total Assets............................ 1

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 3600.....(176)......0
Total secured & HP debts...... 3600......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
cards..........................6000......0.........0
loans..........................9500......0.........0
catologes......................8000......0.........0
Total unsecured debts..........23500.....0.........-

Monthly Budget Summary
Total monthly income.................... 3,200
Expenses (including HP & secured debts). 3,278
Available for debt repayments........... -78
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -78
Personal Balance Sheet Summary
Total assets (things you own)........... 1
Total HP & Secured debt................. -3,600
Total Unsecured debt.................... -23,500
Net Assets.............................. -27,099
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

burnmount

i have put my soa on can any1 help

burnmount

i have done my soa could you have a look for me dave

tech2_2

burnmount wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 8
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1150
Partners monthly income after tax....... 0
Benefits................................ 2050
Other income............................ 0
Total monthly income.................... 3200
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 176 Is this for the car? If so what is it worhe Parkers guide on the web use private sale poor value.
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 100 This is high but there is 10 of you?
Gas..................................... 120 ditto
Oil..................................... 0
Water rates............................. 45
Telephone (land line)................... 60
Mobile phone............................ 30 not allowed but hey
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 25 £10-15 must be needed for work/study
Groceries etc. ......................... 1300
Clothing................................ 200 The OR's tend to allow £150 ish for 2A and 2Kids so cho the mobile out and put this up
Petrol/diesel........................... 120
Road tax................................ 40
Car Insurance........................... 40
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 35
Other child related expenses............ 200 Can you brake this down.
Medical (prescriptions, dentist etc).... 0 ? you must have some cost????
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15 Not enough you need accidental damage
Life assurance ......................... 0 do you not have any?
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50 not allowed
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 50 OR allows £80 for 2A and 2Kids so dont see why this could not be increased...
Emergency fund.......................... 50 not allowed comes from and surplus you have?
Total monthly expenses.................. 3278

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1
Other assets............................ 0
Total Assets............................ 1

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 3600.....(176)......0 ? CAR get on ot parkers and get it valued
Total secured & HP debts...... 3600......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
cards..........................6000......0.........0
loans..........................9500......0.........0
catologes......................8000......0.........0
Total unsecured debts..........23500.....0.........-

Monthly Budget Summary
Total monthly income.................... 3,200
Expenses (including HP & secured debts). 3,278
Available for debt repayments........... -78
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -78
Personal Balance Sheet Summary
Total assets (things you own)........... 1
Total HP & Secured debt................. -3,600
Total Unsecured debt.................... -23,500
Net Assets.............................. -27,099
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Try this and tweek the SOA and repaste again

Tech2:rolleyes:

burnmount

child related exsp dinner money x6. ele gas on card meter

fredfedup

First thing that jumps out at me, is your outgoings are more than your income! You are going to have to tweak this a bit. Haircuts are usually £10 per adult/£3 per child
You are not allowed presents or emergency fund as Tech said. Try and even it out a bit, and get it down to your income level. Others will be along to help. Sorry if this is a bit sketchy, mind blowing headache.
Fred

fiveyearplan

Haircuts are £10 per adult £5 per child. I think your gas & electricity are fine.

Your SOA is shaping up.

debtinfo

I think you would have to have the toughest OR ever to get an IPA out of that

tech2_2

To be fair I think with you having 8 children you will be fine so just tweak it till it fits and does not take the pee and dont have any things you should have not IE mobiles etc.

I hope I do not affend anyone and excuse my ignoriance but with the amount of benifit are you not entitled to fee school dinners?

Just tryin to be sure you dont trip urself up with something they will be aware of maybe?

Tech2