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i've finally done an soa
clairewop
Posts: 8,007 Forumite
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 850
Benefits................................ 848
Other income............................ 0
Total monthly income.................... 1698
Monthly Expense Details
Mortgage................................ 468
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 100
Gas..................................... 100
Oil..................................... 0
Water rates............................. 28
Telephone (land line)................... 30
Mobile phone............................ 90
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 35
Groceries etc. ......................... 300
Clothing................................ 60
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 45
Childcare/nursery....................... 0
Other child related expenses............ 90
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 10
Other insurance......................... 73.5
Presents (birthday, christmas etc)...... 15
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1684.62
Assets
Cash.................................... 120
House value (Gross)..................... 105000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 700
Total Assets............................ 105820
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 97000....(468)......0
Total secured & HP debts...... 97000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................10150.....150.......0
ccj............................0.........31.99.....0
tax credit over payme..........0.........40........0
catalogue......................0.........10........0
credit card ...................0.........15........0
Total unsecured debts..........10150.....246.99....-
Monthly Budget Summary
Total monthly income.................... 1,698
Expenses (including HP & secured debts). 1,684.62
Available for debt repayments........... 13.38
Monthly UNsecured debt repayments....... 246.99
Amount short for making debt repayments. -233.61
Personal Balance Sheet Summary
Total assets (things you own)........... 105,820
Total HP & Secured debt................. -97,000
Total Unsecured debt.................... -10,150
Net Assets.............................. -1,330
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 850
Benefits................................ 848
Other income............................ 0
Total monthly income.................... 1698
Monthly Expense Details
Mortgage................................ 468
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 100
Gas..................................... 100
Oil..................................... 0
Water rates............................. 28
Telephone (land line)................... 30
Mobile phone............................ 90
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 35
Groceries etc. ......................... 300
Clothing................................ 60
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 45
Childcare/nursery....................... 0
Other child related expenses............ 90
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 10
Other insurance......................... 73.5
Presents (birthday, christmas etc)...... 15
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1684.62
Assets
Cash.................................... 120
House value (Gross)..................... 105000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 700
Total Assets............................ 105820
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 97000....(468)......0
Total secured & HP debts...... 97000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................10150.....150.......0
ccj............................0.........31.99.....0
tax credit over payme..........0.........40........0
catalogue......................0.........10........0
credit card ...................0.........15........0
Total unsecured debts..........10150.....246.99....-
Monthly Budget Summary
Total monthly income.................... 1,698
Expenses (including HP & secured debts). 1,684.62
Available for debt repayments........... 13.38
Monthly UNsecured debt repayments....... 246.99
Amount short for making debt repayments. -233.61
Personal Balance Sheet Summary
Total assets (things you own)........... 105,820
Total HP & Secured debt................. -97,000
Total Unsecured debt.................... -10,150
Net Assets.............................. -1,330
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
Boiler pot £30.92/£1000
0
Comments
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Welcome
A few very quick and dirty commentsStatement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 850
Benefits................................ 848
Other income............................ 0 - benefits, tax credit?
Total monthly income.................... 1698
Monthly Expense Details
Mortgage................................ 468
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 100 - very high, you need to reduce your usage
Gas..................................... 100- very high, you need to reduce your usage
Oil..................................... 0
Water rates............................. 28
Telephone (land line)................... 30 - high
Mobile phone............................ 90 - massive - reduce the package and then go PAYG
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 35 - there are cheaper packages
Groceries etc. ......................... 300 - very high, you can cut £100 off this
Clothing................................ 60 - shoes and knickers only - www.freegle.com
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 45
Childcare/nursery....................... 0
Other child related expenses............ 90 - what is this
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 10
Other insurance......................... 73.5 - what is this?
Presents (birthday, christmas etc)...... 15
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 50 - you simply cannot afford this at the moment
Emergency fund.......................... 0
Total monthly expenses.................. 1684.62
Assets
Cash.................................... 120
House value (Gross)..................... 105000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 700
Total Assets............................ 105820
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 97000....(468)......0
Total secured & HP debts...... 97000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................10150.....150.......0
ccj............................0.........31.99.....0
tax credit over payme..........0.........40........0
catalogue......................0.........10........0
credit card ...................0.........15........0
Total unsecured debts..........10150.....246.99....-
Monthly Budget Summary
Total monthly income.................... 1,698
Expenses (including HP & secured debts). 1,684.62
Available for debt repayments........... 13.38
Monthly UNsecured debt repayments....... 246.99
Amount short for making debt repayments. -233.61
Personal Balance Sheet Summary
Total assets (things you own)........... 105,820
Total HP & Secured debt................. -97,000
Total Unsecured debt.................... -10,150
Net Assets.............................. -1,330
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
You need to know the APRs on the loan catalogue and card. Is the CCJ charging interest?If you've have not made a mistake, you've made nothing0 -
Welcome to the board!
Firstly, do find out the sums owing and apr's for those debts. Bit lacking in info at the moment.Amount short for making debt repayments. -233.61
Priority no.1 is to cut back by £234 every month so that you're meeting your monthly obligations. The good news is there seems plenty of scope in your SOA to claw that back.
Horrendously high. What's the story here?Electricity............................. 100
Gas..................................... 100
Mobile phone............................ 90
Can be cut.
More possibilities here.Groceries etc. ......................... 300
Clothing................................ 60
Other insurance......................... 73.5
What's this one?
More scope here should you need it.Presents (birthday, christmas etc)...... 15
Haircuts................................ 30
Holiday................................. 50
I'm sure others will be along to go into more detail.0 -
Well done for posting Claire
Few comments....
Gas and Electric - do you pay by DD? Can you switch for cheaper?
Scrap holiday for now
No tax credits / child benefit ?
Mobiles are expensive - how many is that for?No longer using this account for new posts from 20130 -
:rotfl::rotfl::rotfl:
Sorry - its just me but I imagined the OP in just shoes and knickers for a moment . . .:rotfl:One life.0 -
Do you pay council tax over 10 months or 12? 12 would give you a little bit more breathing space per month?
I know you're doing the £100 clothing challenge but what about the rest of the family?
Good luck with it all Debt@16.12.09 £10,362.38, now debt free as of 29.02.2012."I cannot make my days longer so I strive to make them better."0 -
mobiles are 4 3 contracts
gas and leccy are prepayment meters
my loan is interest free a mate paid it off and now i'm paying him back what can be afforded at the momentBoiler pot £30.92/£10000 -
council tax is over 12 months and theres arreas in thatBoiler pot £30.92/£10000
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mobiles are 4 3 contracts - reduce each one now and then cancel them ASAP. Go PAYG.
gas and leccy are prepayment meters - this is a massively expensive way to pay for fuel. Any chance of getting them take out. And you really do need to reduce your usage. Unplug everything and make sure the meter stops, then add the fridge and freezer and check their usage. Anything on standby eats leccie even when switched off, ditto anything on transformers still uses power when turned off
my loan is interest free a mate paid it off and now i'm paying him back what can be afforded at the moment
Some friend, wow. Nil APR but you need to balance hte budget first.If you've have not made a mistake, you've made nothing0 -
tax credits and benefits i put in my earningsBoiler pot £30.92/£10000
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Are the rest of the family on board with you on getting rid of the debt? How old are the kids? If you can get everyone to get stuck in it'll help - finding bargains, being careful with not leaving lights on etc, finding cheap ways to keep yourselves entertained etc.Debt@16.12.09 £10,362.38, now debt free as of 29.02.2012."I cannot make my days longer so I strive to make them better."0
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