SOA using soa calculator..any advice welcome

savingmummy

indebtmummy wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 729.88
Other income............................ 0
Total monthly income.................... 729.88

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 52
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 120 this needs to be reduced where possible, turn things off at main switch, energy saving lightbulbs! shop for cheaper.
Gas..................................... 0
Oil..................................... 0
Water rates............................. 20.8
Telephone (land line)................... 44 this seems high! haggle for cheaper and limit calls you make.
Mobile phone............................ 0
TV Licence.............................. 18
Satellite/Cable TV...................... 0
Internet Services....................... 26 can you get cheaper??
Groceries etc. ......................... 188 reduce where possible, drop a brand, stick to a list each week of what you NEED, meal plan.
Clothing................................ 52 use what you have, buy cheap for children where possible, try freegle, ebay, car boot sales! dont buy new every month.
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 26 daysaver to visit my mom
Childcare/nursery....................... 0
Other child related expenses............ 28.60 sons school buspass
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)...... 32 reduce this!! only buy for your 2 children - people will understand!
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 0 we havent had a holiday in 5 years : (
Emergency fund.......................... 10
laundry , toiletries, cat food.......... 20 try poundland - most brands for £1
school music lesson..................... 20
school snacks........................... 18 can your son not take these to school from home, maybe limit amount each day.
Total monthly expenses.................. 695.4

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 250......(52).......0
Total secured & HP debts...... 250.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
studio.........................400.17....£5.........0
grattan........................1035.72...£5.........0
freemans/oli...................319.97....£5.........0
simply yours...................364.03....£5.........0
simply yours...................344.72....£5.........0
vanquis........................533.65....£5.........0
additions......................317.75....£5.........0
Total unsecured debts..........3316.01...35........

Monthly Budget Summary
Total monthly income.................... 729.88
Expenses (including HP & secured debts). 695.4
Available for debt repayments........... 34.48
Monthly UNsecured debt repayments....... 35
Amount short for making debt repayments. -0.52

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -250
Total Unsecured debt.................... -3,316.01
Net Assets.............................. -3,566.01
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

Have you tried your local freecycle (freegle) you may find a washer there!
You could even find a bike for your son on there maybe he could leave it at a friends house nearby or you could store it in a neighbours garage?
Could you get a part time job in between college etc? even if it is for only a few months to help clear debts.
Throw catalogues away and dont use anymore i was in debt with those worse things ever imo!

Goodluck x

indebtmummy_2

all catalogues have been gone for a while as they are all with a dca.lol
school snacks are from home , this covers fruit for both of them and breakfast bars or yogurts as the schools are on a healthy eating scheme