Statement of affairs

Mimi_Arc_en_ciel

thelostbeatle wrote: »

Hi all, i am a new coming and have final bit the bullet over my dedits as you can see from my soa below things are not rossie. Any advice or help would be very much appreciated, thx

[tt]Statement of Affairs and Personal Balance Sheet
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................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 130
Rent.................................... 250
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 5
Satellite/Cable TV...................... 30 This could go / be lowered - if you drive all over the country you arent at home watching sky
Internet Services....................... 10
Groceries etc. ......................... 200 Riiculous, I spend less than this on a household of 3 and a dog!
Clothing................................ 100 No need - at all, lower
Petrol/diesel........................... 150 Can you not get a fuel card?
Road tax................................ 15
Car Insurance........................... 60 This is high, Im 25, 1 accident 6 points and mines £37 INCLUDING OH who has 3 points and an accident. Shop around.
Car maintenance (including MOT)......... 50 This can be lowered but only slightly
Car parking............................. 0
Other travel............................ 20 Whats this?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 40 This is ridiculous - Dentist check ups are once every 6 months, Prescriptions are £7 - Why do you need £40? If you have a condition that requires medication then do you qualify for a med card?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 20 Whats this?
Presents (birthday, christmas etc)...... 50 Lower this
Haircuts................................ 20 Lower this! go to a collage - £3 for a gents cut and they're level 2 trained (Toni&guy standards!)
Entertainment........................... 50 You can lower this.
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1235

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Secured Debt.................. 2200.....(130)......11.9
Total secured & HP debts...... 2200......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................3000......80........14.9
credit card....................1600......50........14.9
credit card....................900.......50........14.9
Total unsecured debts..........5500......180.......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,235
Available for debt repayments........... 65
Monthly UNsecured debt repayments....... 180
Amount short for making debt repayments. -115
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -2,200
Total Unsecured debt.................... -5,500

:mad:

Hiya,

My comments are in pink for you - sorry if they seem harsh! x