ok here goes!!

edna900

Well i have finally done it and although i have for months now been trying to get on top of things it has caught up with me! so i have contacted CCCS today and they have come up with a plan, but i need a bit of support to know i have done the right thing!

This is my SOA.

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.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 1168
Benefits................................ 132
Other income............................ 0
Total monthly income.................... 3100
Monthly Expense Details
Mortgage................................ 1096
Secured/HP loan repayments.............. 157
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 130
Electricity............................. 47
Gas..................................... 48
Oil..................................... 0
Water rates............................. 57
Telephone (land line)................... 25
Mobile phone............................ 60
TV Licence.............................. 13
Satellite/Cable TV...................... 40
Internet Services....................... 0
Groceries etc. ......................... 350
Clothing................................ 0
Petrol/diesel........................... 60
Road tax................................ 14
Car Insurance........................... 25
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 136
Other insurance......................... 120
Presents (birthday, christmas etc)...... 30
Haircuts................................ 25
Entertainment........................... 50
Holiday................................. 50
Emergency fund.......................... 20
Total monthly expenses.................. 2593

Assets
Cash.................................... 0
House value (Gross)..................... 195000
Shares and bonds........................ 0
Car(s).................................. 5500
Other assets............................ 0
Total Assets............................ 200500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 190000...(1096).....5.96
Secured Debt.................. 3500.....(157)......10.8
Total secured & HP debts...... 193500....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................12291.....280.......25
credit card....................8000......150.......20.9
credit card....................6795......242.......24.9
credit card....................4700......131.......19.5
Total unsecured debts..........31786.....803.......-

Monthly Budget Summary
Total monthly income.................... 3,100
Expenses (including HP & secured debts). 2,593
Available for debt repayments........... 507
Monthly UNsecured debt repayments....... 803
Amount short for making debt repayments. -296
Personal Balance Sheet Summary
Total assets (things you own)........... 200,500
Total HP & Secured debt................. -193,500
Total Unsecured debt.................... -31,786
Net Assets.............................. -24,786

Tixy

Hi Edna

Well done for posting and for getting advice from CCCS - when you say they have come up with a plan - do you mean a DMP?

Just to check is the SoA your actual costsor what CCCS have recommended?

edna900 wrote: »

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.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 1168
Benefits................................ 132
Other income............................ 0
Total monthly income.................... 3100
Monthly Expense Details
Mortgage................................ 1096 is this repayment or interest only?
Secured/HP loan repayments.............. 157
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 130
Electricity............................. 47
Gas..................................... 48
Oil..................................... 0
Water rates............................. 57 seem a little high for 4 people - is this metered or unmeasured?
Telephone (land line)................... 25
Mobile phone............................ 60is this for 2 phones? are you on the cheapest tariffs for your usage?
TV Licence.............................. 13
Satellite/Cable TV...................... 40 can you drop to a lower package?
Internet Services....................... 0
Groceries etc. ......................... 350 you could probably make some savings here by meal planning for the week before you go to the shops, batch cooking/shopping around for deals etc. (Maybe aim for £250 to start?)
Clothing................................ 0 you need to budget something here for essentials
Petrol/diesel........................... 60
Road tax................................ 14
Car Insurance........................... 25
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 136 Wow - sky high! Unless you have serious medical conditions you should be able to get much much cheaper (like closer to £36 for the 2 of you) if its tied to your mortgage then switching to an independant policy can save loads!
Other insurance......................... 120 what is this? have you shopped around to check its the cheapest?
Presents (birthday, christmas etc)...... 30
Haircuts................................ 25
Entertainment........................... 50
Holiday................................. 50
Emergency fund.......................... 20
Total monthly expenses.................. 2593

Assets
Cash.................................... 0
House value (Gross)..................... 195000
Shares and bonds........................ 0
Car(s).................................. 5500
Other assets............................ 0
Total Assets............................ 200500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 190000...(1096).....5.96
Secured Debt.................. 3500.....(157)......10.8
Total secured & HP debts...... 193500....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................12291.....280.......25
credit card....................8000......150.......20.9
credit card....................6795......242.......24.9
credit card....................4700......131.......19.5
Total unsecured debts..........31786.....803.......-

Monthly Budget Summary
Total monthly income.................... 3,100
Expenses (including HP & secured debts). 2,593
Available for debt repayments........... 507
Monthly UNsecured debt repayments....... 803
Amount short for making debt repayments. -296
Personal Balance Sheet Summary
Total assets (things you own)........... 200,500
Total HP & Secured debt................. -193,500
Total Unsecured debt.................... -31,786
Net Assets.............................. -24,786

Hi I've added in a few comments, I imagine your groceries and your life insurance are the places you could look first to make some savings.

Good luck with everything.

Numpty_Monkey

edna900 wrote: »

This is my SOA.

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.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 1168
Benefits................................ 132 check http://www.turn2us.org.uk/benefits_search.aspx (used to be entitledto .co.uk)
Other income............................ 0
Total monthly income.................... 3100
Monthly Expense Details
Mortgage................................ 1096
Secured/HP loan repayments.............. 157
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 130 ask to pay over 12 months
Electricity............................. 47Turn things off, check comparisson sites and cashback sites
Gas..................................... 48 as electric
Oil..................................... 0
Water rates............................. 57
Telephone (land line)................... 25
Mobile phone............................ 60 reduce contracts go PAYG
TV Licence.............................. 13
Satellite/Cable TV...................... 40 Cancel get freeview
Internet Services....................... 0
Groceries etc. ......................... 350 this can be reduced meal planning, batch cooking, drop a brand , use the Old Style board:A
Clothing................................ 0
Petrol/diesel........................... 60
Road tax................................ 14
Car Insurance........................... 25
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 136 HIGH use Martins article
http://www.moneysavingexpert.com/insurance/
Other insurance......................... 120same as life,
what are thees for?
Presents (birthday, christmas etc)...... 30
Haircuts................................ 25
Entertainment........................... 50
Holiday................................. 50 If you haven't booked it use reduce, loads of tips on MSE for cheap deals:D
Emergency fund.......................... 20
Total monthly expenses.................. 2593

Assets
Cash.................................... 0
House value (Gross)..................... 195000
Shares and bonds........................ 0
Car(s).................................. 5500
Other assets............................ 0
Total Assets............................ 200500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 190000...(1096).....5.96
Secured Debt.................. 3500.....(157)......10.8
Total secured & HP debts...... 193500....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................12291.....280.......25
credit card....................8000......150.......20.9
credit card....................6795......242.......24.9
credit card....................4700......131.......19.5
Total unsecured debts..........31786.....803.......-

Monthly Budget Summary
Total monthly income.................... 3,100
Expenses (including HP & secured debts). 2,593
Available for debt repayments........... 507
Monthly UNsecured debt repayments....... 803
Amount short for making debt repayments. -296
Personal Balance Sheet Summary
Total assets (things you own)........... 200,500
Total HP & Secured debt................. -193,500
Total Unsecured debt.................... -31,786
Net Assets.............................. -24,786

Well done for contacting CCCS :T
and posting n MSE:A

I've left a few omments

miss_missy

edna900 wrote: »

Well i have finally done it and although i have for months now been trying to get on top of things it has caught up with me! so i have contacted CCCS today and they have come up with a plan, but i need a bit of support to know i have done the right thing!

This is my SOA.

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.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 1168
Benefits................................ 132
Other income............................ 0
Total monthly income.................... 3100
Monthly Expense Details
Mortgage................................ 1096
Secured/HP loan repayments.............. 157
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 130 could you pay over 12 months
Electricity............................. 47 check if you can get cheaper and use cashback site to switch
Gas..................................... 48 as above
Oil..................................... 0
Water rates............................. 57 this seems high
Telephone (land line)................... 25
Mobile phone............................ 60 reduce this, go PAYG
TV Licence.............................. 13
Satellite/Cable TV...................... 40 reduce this
Internet Services....................... 0
Groceries etc. ......................... 350 this is high i budget 300 a month for 2 adults and 2 children it includes nappies and 2 take aways and i still usually have 30-40month left
Clothing................................ 0 do you not need something here with having children? uniforms?
Petrol/diesel........................... 60
Road tax................................ 14
Car Insurance........................... 25
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 you need something here
Pet insurance/vet bills................. 0
Buildings insurance..................... 15 can you get cheaper with contents include try using cashback sites also
Contents insurance...................... 15 as above
Life assurance ......................... 136 wow that has to be reduced it should be alot cheaper
Other insurance......................... 120 whats this??
Presents (birthday, christmas etc)...... 30
Haircuts................................ 25 reduce
Entertainment........................... 50
Holiday................................. 50 you cant afford this, have you booked it? if not reduce to 0
Emergency fund.......................... 20
Total monthly expenses.................. 2593

Assets
Cash.................................... 0
House value (Gross)..................... 195000
Shares and bonds........................ 0
Car(s).................................. 5500
Other assets............................ 0
Total Assets............................ 200500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 190000...(1096).....5.96
Secured Debt.................. 3500.....(157)......10.8
Total secured & HP debts...... 193500....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................12291.....280.......25
credit card....................8000......150.......20.9
credit card....................6795......242.......24.9
credit card....................4700......131.......19.5
Total unsecured debts..........31786.....803.......-

Monthly Budget Summary
Total monthly income.................... 3,100
Expenses (including HP & secured debts). 2,593
Available for debt repayments........... 507
Monthly UNsecured debt repayments....... 803
Amount short for making debt repayments. -296
Personal Balance Sheet Summary
Total assets (things you own)........... 200,500
Total HP & Secured debt................. -193,500
Total Unsecured debt.................... -31,786
Net Assets.............................. -24,786

Have put some advice above but what is all the insurances???? your spending far too much on these

hth