Help with statement for income/expend

dizzymanda

[FONT=&quot]Hi I am hoping someone can come up with ideas, at present I can't enter into any agreements or go bankrupt as my income doesn't cover expenditure following losing hours at work. The debts had built up prior to that and I am not paying the monthly instalments since November.
[/FONT]
[FONT=&quot]Statement of Affairs and Personal Balance Sheet[/FONT]
[FONT=&quot]Household Information[/FONT]

[FONT=&quot]Number of adults in household.. my 18 year old daughter[/FONT]
[FONT=&quot]Has left school and just started a job on min wage[/FONT]
[FONT=&quot]But is thinking of moving out ......... 2[/FONT]
[FONT=&quot]Number of children in household...(aged 12) 1[/FONT]
[FONT=&quot]Number of cars owned. (04 plate micra[/FONT]
[FONT=&quot]Worth approx £3,000 ................... 1[/FONT]

[FONT=&quot]Income Details[/FONT]
[FONT=&quot]Maintenance (for 2 kids my ex[/FONT]
[FONT=&quot]Is trying to reduce this now my daughter [/FONT]
[FONT=&quot]Is 18) weekly 30.00[/FONT]
[FONT=&quot]Job (hours have been reduced since Dec)[/FONT]
[FONT=&quot]So now can’t claim working tax)[/FONT]
[FONT=&quot]Wage after tax..weekly.......... 60.00[/FONT]
[FONT=&quot]Child Benefit weekly 20.00 [/FONT]
[FONT=&quot]Jobseekers (in appeal at present[/FONT]
[FONT=&quot]As they assessed me on my Nov wage when[/FONT]
[FONT=&quot]I was working more hours) but I should be getting about £20.00 a week with my current income if they accept this [/FONT][FONT=&quot][/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Housing benefit weekly 142.60[/FONT]
[FONT=&quot]Council Tax Benefit weekly 25.96 [/FONT]
[FONT=&quot]Child tax credit 46.43[/FONT]
[FONT=&quot]Total weekly income..................327.49[/FONT][FONT=&quot][/FONT]
[FONT=&quot]Housing benefit worked out di[/FONT]fferently I think to 52 weeks
[FONT=&quot][/FONT] [FONT=&quot]But Monthly if you multiply by 4 gives me £1309.96 a month[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Weekly/monthly Expense Details[/FONT][FONT=&quot]Rent (650.00 payable monthly but equates to) weekly............................. 150.00[/FONT]

[FONT=&quot][/FONT]
[FONT=&quot]Council tax. weekly.................... 28.26[/FONT]
[FONT=&quot]Electricity/gas..direct debit monthly...79.00[/FONT]
[FONT=&quot]Water[/FONT][FONT=&quot] rates...(not metred) monthly......60.00[/FONT]
[FONT=&quot]Telephone/internet in contractmonthly...34.00[/FONT]

[FONT=&quot]Mobile phone..in contract monthly...... 15.00[/FONT]
[FONT=&quot]TV Licence. Monthly dd..................11.95[/FONT]
[FONT=&quot]Satellite/Cable TV..monthly.............25.00[/FONT]
Pet food 15.00
[FONT=&quot]Groceries etc. weekly.................. 75.00[/FONT]
[FONT=&quot]Clothing........................... ....30.00[/FONT]
[FONT=&quot]Petrol/diesel......................... 50.00[/FONT]
[FONT=&quot]Road tax............................. . 35.00[/FONT]
[FONT=&quot]Car Insurance.. RAC................. .. 46.00[/FONT]
[FONT=&quot]Car maintenance (including MOT) cost[/FONT]
[FONT=&quot]About 800.00 last year so monthly equates to[/FONT]
[FONT=&quot]£60.00 a month but realistically I don’t have[/FONT]
[FONT=&quot]That money spare at present[/FONT]
[FONT=&quot] ... 60.00[/FONT]
[FONT=&quot]School Clothing/shoes yearly 200.00[/FONT]
[FONT=&quot]Computer consumables 4 school 10.00[/FONT]
[FONT=&quot]Home insurance ...................13.65[/FONT]
[FONT=&quot]Life Insurance/critic illness insurance 28.00[/FONT]
[FONT=&quot]Haircuts. monthly....................... 10[/FONT]



[FONT=&quot]Total monthly expenses.................. Assets[/FONT]



[FONT=&quot]Car(s).................................. 3000[/FONT]

[FONT=&quot]Unsecured Debts[/FONT]
south west water

620

John Lewis Card

5109.05

Tesco

3061.07

Debs

4927.09

Natwest

3072.28

Barclaycard

9134.22

Student graduate o/d

1393.42

current a/c od

1,000.00

28317.1

I have a student loan outstanding but not payable as I don’t earn enough in the region of £22,000
Creditors have still not agreed to hold interest and I am not paying anything since November but am in process of writing letters (when template arrives from CCIS) to offer £1.00.
I could cancel my insurance/sky/try sell my car but that’s about it. Car Insurance has increased as I had an accident
If my hours go up/I get a different job I will qualify again for WTC but at mo I don’t qualify and Jobseekers are in a wrangle about my monthly income as they ignored my letter telling them my first payslip in December after claiming JBS covered 6 weeks prior to the claim

GeorgeUK

That's a tough one to follow. I think for a budget like this you can take the weekly amount and apply it to the monthly calculation (52/12) = 4.33 weeks on average per month.

Electricity and gas (combined?) - this is a little high and you may be able to pay less if you are able to switch. Take a look at the comparison sites to try to get the best deal. Also check the meter readings are correct with the company to make sure you are not overpaying and if you have a surplus built up.

Water rates - do you have a hippo or similar in your cistern to use less water when you flush?

Satellite & Internet - can you combine this into a package? It may be cheaper.

Groceries - Over £300 per month? This can be cut. Have a look at the old style board for meal plans and cooking in bulk. Have you moved down a brand?

For the insurances, again i would look at the comparison sites (uswitch, moneysupermarket) and possibly try using one of the cashback sites like quidco to get money back at the same time as switching.

dizzymanda

I am due 90.00 back after a year with my gas/elec from npower and they worked out cheapest on the switch over from Scottish power it is a direct debit they set up based on readings unfortunately.

My landlord has set up the water on rates not meter so usage isn't relevant

I am contracted in with phone calls and internet so can't swop yet.

Food can go down some but that is the monthly figure and including household stuff for washing powder etc. included in that figure and my son and I are both gluten free

savingmummy

[FONT=&quot]Statement of Affairs and Personal Balance Sheet[/FONT]
[FONT=&quot]Household Information[/FONT]

[FONT=&quot]Number of adults in household.. my 18 year old daughter[/FONT]
[FONT=&quot]Has left school and just started a job on min wage[/FONT]
[FONT=&quot]But is thinking of moving out ......... 2[/FONT]
[FONT=&quot]Number of children in household...(aged 12) 1[/FONT]
[FONT=&quot]Number of cars owned. (04 plate micra[/FONT]
[FONT=&quot]Worth approx £3,000 ................... 1[/FONT]

[FONT=&quot]Income Details[/FONT]
[FONT=&quot]Maintenance (for 2 kids my ex[/FONT]
[FONT=&quot]Is trying to reduce this now my daughter [/FONT]
[FONT=&quot]Is 18) weekly 30.00[/FONT]
[FONT=&quot]Job (hours have been reduced since Dec)[/FONT]
[FONT=&quot]So now can’t claim working tax)[/FONT]
[FONT=&quot]Wage after tax..weekly.......... 60.00[/FONT]
[FONT=&quot]Child Benefit weekly 20.00 [/FONT]
[FONT=&quot]Jobseekers (in appeal at present[/FONT]
[FONT=&quot]As they assessed me on my Nov wage when[/FONT]
[FONT=&quot]I was working more hours) but I should be getting about £20.00 a week with my current income if they accept this [/FONT]

[FONT=&quot]Housing benefit weekly 142.60[/FONT]
[FONT=&quot]Council Tax Benefit weekly 25.96 [/FONT]
[FONT=&quot]Child tax credit 46.43[/FONT]
[FONT=&quot]Total weekly income..................327.49[/FONT]
[FONT=&quot]Housing benefit worked out di[/FONT]fferently I think to 52 weeks
[FONT=&quot]But Monthly if you multiply by 4 gives me £1309.96 a month[/FONT]

[FONT=&quot]Weekly/monthly Expense Details[/FONT][FONT=&quot]Rent (650.00 payable monthly but equates to) weekly............................. 150.00[/FONT]


[FONT=&quot]Council tax. weekly.................... 28.26 [/FONT]
[FONT=&quot]Electricity/gas..direct debit monthly...79.00 i would query there charge, if you do use this much you need to start saving where you can![/FONT]
[FONT=&quot]Water[/FONT][FONT=&quot] rates...(not metred) monthly......60.00 :eek:that is high may be worth getting a meter[/FONT]
[FONT=&quot]Telephone/internet in contractmonthly...34.00[/FONT]

[FONT=&quot]Mobile phone..in contract monthly...... 15.00[/FONT]
[FONT=&quot]TV Licence. Monthly dd..................11.95[/FONT]
[FONT=&quot]Satellite/Cable TV..monthly.............25.00 can you go freeview??[/FONT]
Pet food 15.00 how many pets do you have? thats a lot
[FONT=&quot]Groceries etc. weekly.................. 75.00 this is high! stict to a strict list[/FONT]
[FONT=&quot]Clothing........................... ....30.00 is this nessesary? use what you have for now[/FONT]
[FONT=&quot]Petrol/diesel......................... 50.00[/FONT]
[FONT=&quot]Road tax............................. . 35.00 this VERY seems high??[/FONT]
[FONT=&quot]Car Insurance.. RAC................. .. 46.00[/FONT]
[FONT=&quot]Car maintenance (including MOT) cost[/FONT]
[FONT=&quot]About 800.00 last year so monthly equates to[/FONT]
[FONT=&quot]£60.00 a month but realistically I don’t have[/FONT]
[FONT=&quot]That money spare at present[/FONT]
[FONT=&quot]... 60.00 that is alot to pay out on a car a yr!! [/FONT]
[FONT=&quot]School Clothing/shoes yearly 200.00 :eek: [/FONT]
[FONT=&quot]Computer consumables 4 school 10.00[/FONT]
[FONT=&quot]Home insurance ...................13.65[/FONT]
[FONT=&quot]Life Insurance/critic illness insurance 28.00[/FONT]
[FONT=&quot]Haircuts. monthly....................... 10 this is £40 a month, can you not find cheaper some places do wash and cut for £20 every 6-8 wks[/FONT]



[FONT=&quot]Total monthly expenses.................. Assets[/FONT]


[/QUOTE]

It so hard to see whats going on in your SOA as some is weekly some monthly.
Your comments on each thing mixes things a bit too!

Could you do a SOA http://www.makesenseofcards.com/soacalc.html mse form, including ALL monthly incomings and outgoings - ensure it is 100% accurate

Tixy

dizzymanda wrote: »

[FONT=&quot]Hi I am hoping someone can come up with ideas, at present I can't enter into any agreements or go bankrupt as my income doesn't cover expenditure following losing hours at work. The debts had built up prior to that and I am not paying the monthly instalments since November.[/FONT]

[FONT=&quot]Statement of Affairs and Personal Balance Sheet[/FONT]
[FONT=&quot]Household Information[/FONT]

[FONT=&quot]Number of adults in household.. my 18 year old daughter[/FONT]
[FONT=&quot]Has left school and just started a job on min wage[/FONT]
[FONT=&quot]But is thinking of moving out ......... 2[/FONT]
[FONT=&quot]Number of children in household...(aged 12) 1[/FONT]
[FONT=&quot]Number of cars owned. (04 plate micra[/FONT]
[FONT=&quot]Worth approx £3,000 ................... 1[/FONT]

[FONT=&quot]Income Details[/FONT]
[FONT=&quot]Maintenance (for 2 kids my ex[/FONT]
[FONT=&quot]Is trying to reduce this now my daughter [/FONT]
[FONT=&quot]Is 18) weekly 30.00[/FONT]
[FONT=&quot]Job (hours have been reduced since Dec)[/FONT]
[FONT=&quot]So now can’t claim working tax)[/FONT]
[FONT=&quot]Wage after tax..weekly.......... 60.00[/FONT]
[FONT=&quot]Child Benefit weekly 20.00 [/FONT]
[FONT=&quot]Jobseekers (in appeal at present[/FONT]
[FONT=&quot]As they assessed me on my Nov wage when[/FONT]
[FONT=&quot]I was working more hours) but I should be getting about £20.00 a week with my current income if they accept this [/FONT]

[FONT=&quot]Housing benefit weekly 142.60[/FONT]
[FONT=&quot]Council Tax Benefit weekly 25.96 [/FONT]
[FONT=&quot]Child tax credit 46.43[/FONT]
[FONT=&quot]Total weekly income..................327.49[/FONT]
[FONT=&quot]Housing benefit worked out di[/FONT]fferently I think to 52 weeks
[FONT=&quot]But Monthly if you multiply by 4 gives me £1309.96 a month[/FONT]

[FONT=&quot]Weekly/monthly Expense Details[/FONT][FONT=&quot]Rent (650.00 payable monthly but equates to) weekly............................. 150.00[/FONT]


[FONT=&quot]Council tax. weekly.................... 28.26[/FONT]
[FONT=&quot]Electricity/gas..direct debit monthly...79.00 seems quite high, as youhave built up a surplus in the past see if they will drop the DD, or look for a cheaper supplier[/FONT]
[FONT=&quot]Water[/FONT][FONT=&quot] rates...(not metred) monthly......60.00 can you go metered? average usage works out to around £10-£14 per month (depending where you live) so you should see a saving. Landlord might be agreeable to you switching.[/FONT]
[FONT=&quot]Telephone/internet in contractmonthly...34.00 how soon until contract ends? should be able to get cheaper after that (around £20 I think for the better deals)[/FONT]

[FONT=&quot]Mobile phone..in contract monthly...... 15.00[/FONT]
[FONT=&quot]TV Licence. Monthly dd..................11.95[/FONT]
[FONT=&quot]Satellite/Cable TV..monthly.............25.00 cancel, you can't afford on your income.[/FONT]
Pet food 15.00
[FONT=&quot]Groceries etc. weekly.................. 75.00 so £325 per month, high for 3 people, should be able to get to £200 fairly easy with meal planning, drop a brand challenge etc[/FONT]
[FONT=&quot]Clothing........................... ....30.00 should only need to buy for 12yo, cut to essentials only. (18yo should buy their own, you'll need to manage until you find work)[/FONT]
[FONT=&quot]Petrol/diesel......................... 50.00 [/FONT]
[FONT=&quot]Road tax............................. . 35.00 is that right £420 for a micra?[/FONT]
[FONT=&quot]Car Insurance.. RAC................. .. 46.00 looks high, have you shopped around for the best deal[/FONT]
[FONT=&quot]Car maintenance (including MOT) cost[/FONT]
[FONT=&quot]About 800.00 last year so monthly equates to[/FONT]
[FONT=&quot]£60.00 a month but realistically I don’t have[/FONT]
[FONT=&quot]That money spare at present[/FONT]
[FONT=&quot]... 60.00[/FONT]
[FONT=&quot]School Clothing/shoes yearly 200.00 keep to the minimum possible[/FONT]
[FONT=&quot]Computer consumables 4 school 10.00 how often? yearly?[/FONT]
[FONT=&quot]Home insurance ...................13.65[/FONT]
[FONT=&quot]Life Insurance/critic illness insurance 28.00[/FONT]
[FONT=&quot]Haircuts. monthly....................... 10[/FONT]



[FONT=&quot]Total monthly expenses.................. Assets[/FONT]



[FONT=&quot]Car(s).................................. 3000[/FONT]

[FONT=&quot]Unsecured Debts[/FONT]
south west water

620

John Lewis Card

5109.05

Tesco

3061.07

Debs

4927.09

Natwest

3072.28

Barclaycard

9134.22

Student graduate o/d

1393.42

current a/c od

1,000.00

28317.1

I have a student loan outstanding but not payable as I don’t earn enough in the region of £22,000
Creditors have still not agreed to hold interest and I am not paying anything since November but am in process of writing letters (when template arrives from CCIS) to offer £1.00.
I could cancel my insurance/sky/try sell my car but that’s about it. Car Insurance has increased as I had an accident Sky definite, its a luxury you can't afford.
If my hours go up/I get a different job I will qualify again for WTC but at mo I don’t qualify and Jobseekers are in a wrangle about my monthly income as they ignored my letter telling them my first payslip in December after claiming JBS covered 6 weeks prior to the claim

It would really help if you did an all weekly or all monthly budget so you can actually see your monthly shortfall, so you have a target to reduce costs by. As George says for income you need to multiply by 4.33 not by 4 to obtain the monthly figure.

dizzymanda

Closed post - thanks guys I will await the budget information from CCIS. I am fully aware of certain items that could be seen to be luxuries but I didn't want my hours to be dropped, nor my ex disappear and leave me with bills, for some I am contracted in and I had a car accident which meant my premium went up on my car insurance which isn't renewed until August am just trying to face up to the debts and deal with them which is a big step when you feel depressed etc. don't worry about replying to this thread any more thanks for the advice will try to get things sorted out. My tax figure was the year actually it is a diesel. I had only kept the insurance up as my mum died in June from breast cancer and worry about leaving the children with no money but yes I agree I could get rid of it.

savingmummy

Hope you have not taken any of our advise the wrong way.
When people post their SOA we all try and help by going through to see where you could make adjustments.
It is very hard to be faced with this i know, and we can only advise on what we see.
You have done the biggest first step by posting for advise and facing the debt.

Regarding luxeries we are all entitled to some, if you can manage thats fine but when people advise to stop/reduce it is meant with best intentions. And don`t mean it has to be a permanent thing - just until your in a better place.

You need support right now so please don`t leave the forum just yet, we are a friendly bunch honest x

Sorry to hear about your mum (((hugs)))

GeorgeUK

You might also be able to reclaim credit card or store card charges if you've had any - these weren't part of the bank's test case. Might also be worth seeing if they have any Payment Protection Insurance and if this may have been missold.
http://www.moneysavingexpert.com/reclaim/

DarkConvict

Looking at the above comments, i can't think of anything new to add at the moment.
For future reference though, try and budget monthly and use this in MSE style. - http://www.makesenseofcards.com/soacalc.html