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Soa

singlemummy_3
Posts: 3 Newbie
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-
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-
0
Comments
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Please use the link below and repost your SOA
http://www.makesenseofcards.com/soacalc.html
Once complete just use the format for MSE button.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
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.............................. -25,8000 -
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!:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
Hi there.
Looks ok. Some ORs will not allow mobile phone so put this in with your landline.
sizzler:)
hi dojo:wave:0 -
I work full time and both children have to go to a childminder.0
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