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Help With SOA please
Queenb_2
Posts: 66 Forumite
Can someone have a look at this please:
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1400
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 402
Management charge (leasehold property).. 0
Council tax............................. 72
Electricity............................. 25
Gas..................................... 25
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 15
Mobile phone............................ 25
TV Licence.............................. 11.95
Satellite/Cable TV...................... 25
Internet Services....................... 15
Groceries etc. ......................... 200
Clothing................................ 25
Petrol/diesel........................... 100
Road tax................................ 12
Car Insurance........................... 30
Car maintenance (including MOT)......... 25
Car parking............................. 25
Other travel............................ 25
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 10
Presents (birthday, christmas etc)...... 10
Haircuts................................ 12
Entertainment........................... 0
Holiday................................. 10
Emergency fund.......................... 50
Total monthly expenses.................. 1221.95
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Max Recovery...................4979.69...0.........0
Littlewoods....................272.72....0.........0
LLoyds Bank....................26274.....0.........0
Barclaycard Visa ..............7500......0.........0
Natwest .......................4292.36...0.........0
Total unsecured debts..........43318.77..0.........
Monthly Budget Summary
Total monthly income.................... 1,400
Expenses (including HP & secured debts). 1,221.95
Available for debt repayments........... 178.05
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 178.05
Personal Balance Sheet Summary[/b]
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -43,318.77
Net Assets.............................. -42,818.77
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1400
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 402
Management charge (leasehold property).. 0
Council tax............................. 72
Electricity............................. 25
Gas..................................... 25
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 15
Mobile phone............................ 25
TV Licence.............................. 11.95
Satellite/Cable TV...................... 25
Internet Services....................... 15
Groceries etc. ......................... 200
Clothing................................ 25
Petrol/diesel........................... 100
Road tax................................ 12
Car Insurance........................... 30
Car maintenance (including MOT)......... 25
Car parking............................. 25
Other travel............................ 25
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 10
Presents (birthday, christmas etc)...... 10
Haircuts................................ 12
Entertainment........................... 0
Holiday................................. 10
Emergency fund.......................... 50
Total monthly expenses.................. 1221.95
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Max Recovery...................4979.69...0.........0
Littlewoods....................272.72....0.........0
LLoyds Bank....................26274.....0.........0
Barclaycard Visa ..............7500......0.........0
Natwest .......................4292.36...0.........0
Total unsecured debts..........43318.77..0.........
Monthly Budget Summary
Total monthly income.................... 1,400
Expenses (including HP & secured debts). 1,221.95
Available for debt repayments........... 178.05
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 178.05
Personal Balance Sheet Summary[/b]
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -43,318.77
Net Assets.............................. -42,818.77
0
Comments
-
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1400
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 402 - Can this be reduced, i paid that much in london
Management charge (leasehold property).. 0
Council tax............................. 72 - Is this over 10 or 12 months?
Electricity............................. 25
Gas..................................... 25
Oil..................................... 0
Water rates............................. 32 - Pay more for water than gas&elec?
Telephone (land line)................... 15
Mobile phone............................ 25 - Can this be reduced
TV Licence.............................. 11.95
Satellite/Cable TV...................... 25 - Drop this when contract ends
Internet Services....................... 15
Groceries etc. ......................... 200 - You can do this at £100-150
Clothing................................ 25 - Drop it unless urgently needed
Petrol/diesel........................... 100
Road tax................................ 12
Car Insurance........................... 30
Car maintenance (including MOT)......... 25
Car parking............................. 25
Other travel............................ 25 - Such as?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20 - can you get it cheaper, mine was 12
Life assurance ......................... 0
Other insurance......................... 10 - explain?
Presents (birthday, christmas etc)...... 10 - drop it except for very close family
Haircuts................................ 12 - drop this down too, i cut my hair shorter and do it once every 2-3 months when it gets long
Entertainment........................... 0
Holiday................................. 10 - cut this out
Emergency fund.......................... 50 - cut this out, debts cost more than savings
Total monthly expenses.................. 1221.95
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Max Recovery...................4979.69...0.........0
Littlewoods....................272.72....0.........0
LLoyds Bank....................26274.....0.........0
Barclaycard Visa ..............7500......0.........0
Natwest .......................4292.36...0.........0
Total unsecured debts..........43318.77..0.........
Monthly Budget Summary
Total monthly income.................... 1,400
Expenses (including HP & secured debts). 1,221.95
Available for debt repayments........... 178.05
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 178.05
Personal Balance Sheet Summary[/b]
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -43,318.77
Net Assets.............................. -42,818.77
I have been harsh and cut out all unnecessary spending.
As to Groceries, read this - http://forums.moneysavingexpert.com/showthread.html?t=2234113
"Amount left after debt repayments....... 178.05" - what happens to this? If your not sure, start a spending diary.Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.
There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies0
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