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Any pointers on our spend - despite a relatively healthy income?
ambitiouscat
Posts: 23 Forumite
Judging our income, we feel we should have more surplus to save than we currently do. Any pointers?
I should say, we are a married couple with one baby and dog. My husband has to commute to london daily hence high travel costs.
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 5,100.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 1,000.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
TV Licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.00
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Home Phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00
Cleaning Products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 94.17
Garden Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Household Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.00
Council Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135.56
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Bank Account Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.00
Home Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,895.17
Plumbing/Boiler Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.89
Mortgage Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Mortgage Payment Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 87.50
Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and Household Shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 433.33
Drinks for Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.33
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.50
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.25
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Rail/Bus/Taxi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 583.33
Breakdown Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.83
Debt Repayments
Credit Card Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hire Purchase Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal Loan Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 500.00
Car Loan Repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Savings & Investments
Pension Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150.00
Buying Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mini Cash ISAs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump Sum Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular Saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet Food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.00
School Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket Money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby Extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry Cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Children's Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby Sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Childcare/Play Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Pet Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Travel Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.00
Family Days Out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Big Days Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Shopping for Fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.00
IT/Computing (eg Anti-virus etc). . . . . . . . . . . . . . . . . . . . . . . . 25.00
DVD Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00
Drinking Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Clothes, Health & Beauty
Complimentary Therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Optical Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Beauty Treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00
Healthcare Cashplans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Dental Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Medical Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56.00
Work Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75.00
New Children's Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
New Clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Education & Courses
University Tuition Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your Courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One Offs
Funeral Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Winter Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Odds & Sods
Newspapers & Magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 20.00
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.00
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,100.00
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,688.37
I should say, we are a married couple with one baby and dog. My husband has to commute to london daily hence high travel costs.
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 5,100.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 1,000.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
TV Licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.00
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Home Phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00
Cleaning Products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 94.17
Garden Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Household Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.00
Council Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135.56
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Bank Account Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.00
Home Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,895.17
Plumbing/Boiler Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.89
Mortgage Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Mortgage Payment Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 87.50
Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and Household Shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 433.33
Drinks for Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.33
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.50
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.25
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Rail/Bus/Taxi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 583.33
Breakdown Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.83
Debt Repayments
Credit Card Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hire Purchase Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal Loan Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 500.00
Car Loan Repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Savings & Investments
Pension Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150.00
Buying Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mini Cash ISAs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump Sum Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular Saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet Food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.00
School Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket Money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby Extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry Cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Children's Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby Sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Childcare/Play Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Pet Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Travel Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.00
Family Days Out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Big Days Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Shopping for Fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.00
IT/Computing (eg Anti-virus etc). . . . . . . . . . . . . . . . . . . . . . . . 25.00
DVD Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00
Drinking Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Clothes, Health & Beauty
Complimentary Therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Optical Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Beauty Treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00
Healthcare Cashplans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Dental Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Medical Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56.00
Work Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75.00
New Children's Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
New Clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Education & Courses
University Tuition Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your Courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One Offs
Funeral Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Winter Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Odds & Sods
Newspapers & Magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 20.00
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.00
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,100.00
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,688.37
MF-WANNABE
OP pot on 30 April 2010: £1,003
Target for OP pot in order to be MG-free by 1 April 2014: £55,000 :eek:
GC (£300): May £0/£300
OP pot on 30 April 2010: £1,003
Target for OP pot in order to be MG-free by 1 April 2014: £55,000 :eek:
GC (£300): May £0/£300
0
Comments
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ambitiouscat wrote: »Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 5,100.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 1,000.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
TV Licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.00
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Home Phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00
Cleaning Products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 94.17
Garden Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Household Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.00
Council Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135.56
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Bank Account Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.00
Home Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,895.17
Plumbing/Boiler Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.89
Mortgage Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Mortgage Payment Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 87.50
Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and Household Shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 433.33
Drinks for Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.33
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.50
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.25
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Rail/Bus/Taxi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 583.33
Breakdown Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.83
Debt Repayments
Credit Card Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hire Purchase Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal Loan Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 500.00
Car Loan Repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Savings & Investments
Pension Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150.00
Buying Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mini Cash ISAs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump Sum Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular Saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet Food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.00
School Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket Money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby Extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry Cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Children's Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby Sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Childcare/Play Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Pet Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Travel Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.00
Family Days Out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Big Days Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Shopping for Fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.00
IT/Computing (eg Anti-virus etc). . . . . . . . . . . . . . . . . . . . . . . . 25.00
DVD Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00
Drinking Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Clothes, Health & Beauty
Complimentary Therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Optical Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Beauty Treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00
Healthcare Cashplans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Dental Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Medical Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56.00
Work Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75.00
New Children's Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
New Clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Education & Courses
University Tuition Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your Courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One Offs
Funeral Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Winter Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Odds & Sods
Newspapers & Magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 20.00
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.00
Hiya!
The stuff in red stood out the most to me, do you really need to spend all that money on un-necessary stuff? Why is your petrol cost so high if you use buses/rail/taxi's so often?Started PADdin' 13/04/09 paid £7486.66 - CC free 02/11/10
Aim for 2011 - pay off car loan £260.00 saved
Nerd No. 1173! :j
Made by God...Improved by the The Devil
0 -
Hi ambitiouscat
Should you not have at least the basic child benefit as part of your income?
Also what are your aims - eg do you have an amount that you have in mind that you would like to save or are you finding that you don't have the surplus that is shown on your balance sheet?
I ask because you already have a surplus and although there is quite a lot of scope for cutting down in your SoA - how far would you want to go?
Sou0 -
£60 a month on dog food? What are you feeding - a horse?:eek::eek: I have two dogs and a bag of specialist hypoallergenic food costs me £15 every two months for a 15kgbag0
-
myothercarisaferrari wrote: ȣ60 a month on dog food? What are you feeding - a horse?:eek::eek:
:rotfl::rotfl:I couldn't comment on the dog food...I don't own a pet so I don't know how much food for them is!!Started PADdin' 13/04/09 paid £7486.66 - CC free 02/11/10
Aim for 2011 - pay off car loan £260.00 saved
Nerd No. 1173! :j
Made by God...Improved by the The Devil0 -
Is your water bill really £55 a month?
Car maintenance, what does this include, as it seems high.
Pet insurance at £35 a month seems really really high, you state you have one dog, from your SoA this is costing you £120 a month.
Work clothes at £75 a month seems a bit high as well.
Agree with the other posters, you can cut a lot out of your budget each month if you wanted to cut down on your social life a bit, depends what you are trying to achieve really.
Winnings since March 2010: T-Shirt, CD, Rescue Remedy, £50 Sainsbury voucher, Five "sexy" thongs, Books x 2, Torch, Tickets to show0 -
ambitiouscat wrote: »Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 5,100.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 1,000.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
TV Licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.00
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Home Phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00
Cleaning Products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 94.17 - I assume this is what you pay for a cleaner. If you are spending it on stuff it is way too much!
Garden Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00 - is this a person ot or some equipment?
Household Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00 - what is this?
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70.00 - see below
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00 - are you heating and lighting the street? :eek: Look at comparison sites, look at ways to reduce your bills - thermostat turned down, turning things off at the wall etc. These seem huge for people who I imagine are not paying off any arrears.
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.00 - have you looked into whether you would be better off on a meter?
Council Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135.56
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Bank Account Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.00 - what do you get for this? Is it really worth it?
Home Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,895.17
Plumbing/Boiler Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.89
Mortgage Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Mortgage Payment Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 87.50 this feels very pricy, have you looked at articles on the site tabs above for the cheapest way to get this and the other insurances?
Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and Household Shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 433.33 you could reduce this if you wanted to.
Drinks for Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.33
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.50
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.25
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00 really? This seems excessive.
Rail/Bus/Taxi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 583.33
Breakdown Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.83 Look at Autoaid - £37 per year for the equivalent of £180+ RAC/AA cover. See the article on the motoring tab.
Debt Repayments
Credit Card Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hire Purchase Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal Loan Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 500.00 how long left?
Car Loan Repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Savings & Investments
Pension Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150.00 you may want to increase this. It seems very low compared to your income.
Buying Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mini Cash ISAs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump Sum Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular Saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet Food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.00
School Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket Money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby Extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry Cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00 - air clothes on the line and use lakeland's dry cleaning kit for the tumble dryer.
Children's Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby Sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Childcare/Play Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Pet Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00 have you checked this is best deal?
Travel Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.00
Family Days Out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00 seems high - what does it get you?
Big Days Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00
Shopping for Fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.00
IT/Computing (eg Anti-virus etc). . . . . . . . . . . . . . . . . . . . . . . . 25.00 you can get good free products - this seems a lot.
DVD Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00
Drinking Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Clothes, Health & Beauty
Complimentary Therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Optical Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Beauty Treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00
Healthcare Cashplans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
Dental Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Medical Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56.00
Work Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75.00
New Children's Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
New Clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Education & Courses
University Tuition Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your Courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One Offs
Funeral Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00 £100 per month on birthdays and christmas seems excessive. Are you sure it is right? I spent £180 on 23 people for christmas and we give nice gifts.
Winter Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Odds & Sods
Newspapers & Magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 20.00
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.00
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,100.00
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,688.37
I've given you some comments - depends how hard you want to cut TBH.Debt at highest: £8k. Debt Free 31/12/2009. Original MFD May 2036, MF Dec 2018.0 -
We need to see your assets and liabilities (and more importantly the interest rates)
Mortgage / rent £1,895.17 - that's high IMHO given the current low interest rates0 -
myothercarisaferrari wrote: »£60 a month on dog food? What are you feeding - a horse?:eek::eek: I have two dogs and a bag of specialist hypoallergenic food costs me £15 every two months for a 15kgbag
It costs loads more than £60 a month to feed / run a horse - trust me0 -
angelicmary85 wrote: »Hiya!
The stuff in red stood out the most to me, do you really need to spend all that money on un-necessary stuff? Why is your petrol cost so high if you use buses/rail/taxi's so often?
Agree with Mary. Food too high, for 3 of you I think too:beer: If I say something you like....Please hit the thanks button :beer:0 -
What debts do you have? Please list debts:beer: If I say something you like....Please hit the thanks button :beer:0
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