Soa

singlemummy_3

Can anyone give me advice on my statement of affairs?? Thank you so much.


Statement of Affairs & Personal Balance Sheet

Summary

Monthly Budget SummaryAmount(£)Total monthly income2,880Monthly expenses (incl. HP & secured loans)2,808Available for debt repayments72UNsecured debt repayments0Amount left after debt repayments72

Personal Balance Sheet SummaryAmount(£)Total Assets (things you own)1,800Total Secured & HP Debt-0Total Unsecured Debt-27,635Net Assets-25,835
Household Information

Number of adults in household1Number of children in household2Number of cars owned1
Income, Expense, Debt & Asset Details

IncomeAmount(£)Monthly income after tax1078Partners monthly income0Benefits1369Other income433Total monthly income2880

ExpensesAmount(£)Mortgage0Secured/HP loan payments0Rent725Management charge (leasehold property)0Council tax88Electricity38Gas46Oil0Water Rates66Telephone (land line)0Mobile phone35TV Licence12Satellite/Cable TV30Internet services0Groceries etc.418Clothing80Petrol/diesel140Road tax16Car Insurance49Car maintenance (including MOT)15Car Parking10Other travel0Childcare/nursery920Other child related expenses24Medical (prescriptions, dentists, opticians etc.)0Pet Insurance/Vet bills0Buildings Insurance0Contents Insurance16Life Assurance0Other Insurance0Presents (birthday, christmas etc.)0Haircuts30Entertainment0Holiday50Emergency Fund0Total monthly expenses2808

Secured & HP Debt DescriptionDebt(£)Monthly(£)APR(%)Mortgage0(0) 0Secured & HP Debt totals0- -

Unsecured Debt DescriptionDebt(£)Monthly(£)APR(%)credit cards2763500Unsecured Debt totals276350-

dojoman

Please use the link below and repost your SOA

http://www.makesenseofcards.com/soacalc.html

Once complete just use the format for MSE button.

singlemummy_3

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.................... 1
Monthly Income Details
Monthly income after tax................ 1078
Partners monthly income after tax....... 0
Benefits................................ 1369
Other income............................ 433
Total monthly income.................... 2880
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 725
Management charge (leasehold property).. 0
Council tax............................. 88
Electricity............................. 38
Gas..................................... 46
Oil..................................... 0
Water rates............................. 56
Telephone (land line)................... 30
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 418
Clothing................................ 80
Petrol/diesel........................... 140
Road tax................................ 16
Car Insurance........................... 49
Car maintenance (including MOT)......... 15
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 920
Other child related expenses............ 24
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 2798

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1800
Other assets............................ 0
Total Assets............................ 1800

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Credit cards...................27600.....0.........0
Total unsecured debts..........27600.....0.........-

Monthly Budget Summary
Total monthly income.................... 2,880
Expenses (including HP & secured debts). 2,798
Available for debt repayments........... 82
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 82
Personal Balance Sheet Summary
Total assets (things you own)........... 1,800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -27,600
Net Assets.............................. -25,800

dojoman

That looks OK to me, the only thing the OR may query is the childcare costs but I I am no expert on this, hopefully someone else will be along shortly who can help!

sizzler

Hi there.

Looks ok. Some ORs will not allow mobile phone so put this in with your landline.

sizzler:)

hi dojo:wave:

singlemummy_3

I work full time and both children have to go to a childminder.