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My SOA
billa_champion
Posts: 226 Forumite
Hi I was wondering if one of you wonderful people will be able to cut my costs further. The balance shows that I underspend but I dont! Currently I am overdrawn by £800 but I can't see where this money is going!
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.................... 2
Monthly Income Details
Monthly income after tax................ 1973
Partners monthly income after tax....... 972
Benefits................................ 162.5
Other income............................ 0
Total monthly income.................... 3107.5
Monthly Expense Details
Mortgage................................ 1200
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 106
Council tax............................. 54
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 15
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 17.5
Internet Services....................... 10
Groceries etc. ......................... 500
Clothing................................ 15
Petrol/diesel........................... 40
Road tax................................ 40
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 16
Other travel............................ 141.4
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 4
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Meals at Work........................... 15
Tuition................................. 50
School Fees............................. 45.83
University Tuition Fees................. 145
School Meals............................ 75
Bank Account Fees....................... 5
Total monthly expenses.................. 2763.73
Assets
Cash.................................... 5300
House value (Gross)..................... 195000
Shares and bonds........................ 4500
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 206800
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 192213...(1200).....5.99
Total secured & HP debts...... 192213....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CC.............................4700......25........0
Sofa...........................210.......42........0
Total unsecured debts..........4910......67........-
Monthly Budget Summary
Total monthly income.................... 3,107.5
Expenses (including HP & secured debts). 2,763.73
Available for debt repayments........... 343.77
Monthly UNsecured debt repayments....... 67
Amount left after debt repayments....... 276.77
Personal Balance Sheet Summary
Total assets (things you own)........... 206,800
Total HP & Secured debt................. -192,213
Total Unsecured debt.................... -4,910
Net Assets.............................. 9,677
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
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.................... 2
Monthly Income Details
Monthly income after tax................ 1973
Partners monthly income after tax....... 972
Benefits................................ 162.5
Other income............................ 0
Total monthly income.................... 3107.5
Monthly Expense Details
Mortgage................................ 1200
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 106
Council tax............................. 54
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 15
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 17.5
Internet Services....................... 10
Groceries etc. ......................... 500
Clothing................................ 15
Petrol/diesel........................... 40
Road tax................................ 40
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 16
Other travel............................ 141.4
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 4
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Meals at Work........................... 15
Tuition................................. 50
School Fees............................. 45.83
University Tuition Fees................. 145
School Meals............................ 75
Bank Account Fees....................... 5
Total monthly expenses.................. 2763.73
Assets
Cash.................................... 5300
House value (Gross)..................... 195000
Shares and bonds........................ 4500
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 206800
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 192213...(1200).....5.99
Total secured & HP debts...... 192213....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CC.............................4700......25........0
Sofa...........................210.......42........0
Total unsecured debts..........4910......67........-
Monthly Budget Summary
Total monthly income.................... 3,107.5
Expenses (including HP & secured debts). 2,763.73
Available for debt repayments........... 343.77
Monthly UNsecured debt repayments....... 67
Amount left after debt repayments....... 276.77
Personal Balance Sheet Summary
Total assets (things you own)........... 206,800
Total HP & Secured debt................. -192,213
Total Unsecured debt.................... -4,910
Net Assets.............................. 9,677
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
0
Comments
-
Can you repost having clicked the MSE button? This version is really hard to navigate and doesn't give any idea how many of you there.I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
Hiya
I hope that's better!0 -
billa_champion wrote: »Hiya
I hope that's better!
No, you need to hit the MSE button on the SOA and then repost the whole lot.I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
Thanks for that. I hope the format is OK now.0
-
billa_champion wrote: »Hi I was wondering if one of you wonderful people will be able to cut my costs further. The balance shows that I underspend but I dont! Currently I am overdrawn by £800 but I can't see where this money is going!
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.................... 2
Monthly Income Details
Monthly income after tax................ 1973
Partners monthly income after tax....... 972
Benefits................................ 162.5
Other income............................ 0
Total monthly income.................... 3107.5
Monthly Expense Details
Mortgage................................ 1200
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 106
Council tax............................. 54
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 15
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 17.5
Internet Services....................... 10
Groceries etc. ......................... 500 WAY too high
Clothing................................ 15
Petrol/diesel........................... 40
Road tax................................ 40
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 16
Other travel............................ 141.4 What is this for?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 4
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Meals at Work........................... 15
Tuition................................. 50
School Fees............................. 45.83 What is this for?
University Tuition Fees................. 145
School Meals............................ 75 Could they have packed lunch instead?
Bank Account Fees....................... 5
Total monthly expenses.................. 2763.73
Assets
Cash.................................... 5300 Pay off your debts with this!
House value (Gross)..................... 195000
Shares and bonds........................ 4500
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 206800
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 192213...(1200).....5.99
Total secured & HP debts...... 192213....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CC.............................4700......25........0
Sofa...........................210.......42........0
Total unsecured debts..........4910......67........-
Monthly Budget Summary
Total monthly income.................... 3,107.5
Expenses (including HP & secured debts). 2,763.73
Available for debt repayments........... 343.77
Monthly UNsecured debt repayments....... 67
Amount left after debt repayments....... 276.77
Personal Balance Sheet Summary
Total assets (things you own)........... 206,800
Total HP & Secured debt................. -192,213
Total Unsecured debt.................... -4,910
Net Assets.............................. 9,677
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
It's not too bad really. Not clear what you're looking to achieve?I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
billa_champion wrote: »Hi I was wondering if one of you wonderful people will be able to cut my costs further. The balance shows that I underspend but I dont! Currently I am overdrawn by £800 but I can't see where this money is going!
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.................... 2
Monthly Income Details
Monthly income after tax................ 1973
Partners monthly income after tax....... 972
Benefits................................ 162.5
Other income............................ 0
Total monthly income.................... 3107.5
Monthly Expense Details
Mortgage................................ 1200
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 106
Council tax............................. 54 This seems low compared to your mortgage?
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 15
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 17.5
Internet Services....................... 10
Groceries etc. ......................... 500 :eek: This can easily be cut by batch cooking from scratch.
Clothing................................ 15
Petrol/diesel........................... 40 If you're doing such little mileage do you really need the car? All the costs for it add up to a lot.
Road tax................................ 40
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 16
Other travel............................ 141.4 What's this? Can you cut it by buying in advance, or getting season tickets?
Childcare/nursery....................... 0
Other child related expenses............ 0 Really nothing? No clubs or school trips?
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 You really need insurances.
Life assurance ......................... 0 With kids and a mortgage you need this.
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 Cut to 10, only buy for kids, make as much as you can yourself.
Haircuts................................ 4
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Meals at Work........................... 15 Take packed lunches.
Tuition................................. 50 What's this for?
School Fees............................. 45.83 What does this cover?
University Tuition Fees................. 145
School Meals............................ 75 Is this really value for money or would packed lunches be better?
Bank Account Fees....................... 5 Unless you'd be paying more in interest then get rid of this.
Total monthly expenses.................. 2763.73
Assets
Cash.................................... 5300 There's no point having savings when you have debt.
House value (Gross)..................... 195000
Shares and bonds........................ 4500 see above
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 206800
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 192213...(1200).....5.99
Total secured & HP debts...... 192213....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CC.............................4700......25........0
Sofa...........................210.......42........0
Total unsecured debts..........4910......67........-
Monthly Budget Summary
Total monthly income.................... 3,107.5
Expenses (including HP & secured debts). 2,763.73
Available for debt repayments........... 343.77
Monthly UNsecured debt repayments....... 67
Amount left after debt repayments....... 276.77
Personal Balance Sheet Summary
Total assets (things you own)........... 206,800
Total HP & Secured debt................. -192,213
Total Unsecured debt.................... -4,910
Net Assets.............................. 9,677
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
Well it's quite simple - use the cash and shares to pay off the debts and then you're fine! Your SoA is in balance without the debts.
Also, check that your utilities and insurances are the best prices, look on a comparison website and get cashback.Unless I say otherwise 'you' means the general you not you specifically.0
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