My SOA Revised.

karend1980

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 4
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1239
Other income............................ 0
Total monthly income.................... 1239
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 46
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 55
Gas..................................... 55
Oil..................................... 0
Water rates............................. 41
Telephone (land line)................... 60
Mobile phone............................ 10
TV Licence.............................. 13
Satellite/Cable TV...................... 21
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
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..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
xmas savings............................ 34
Total monthly expenses.................. 625

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
LTSB Loan 1....................10000.....300.......0
LTSB Loan 2....................8500......285.......0
LTSB Card......................900.......35........0
Marshall ward..................285.......33........0
Empirestores...................200.......30........0
Freemans.......................200.......33........0
BarcleyCard....................900.......25........0
LTSB Overdraft.................2300......35........0
Total unsecured debts..........23285.....776.......-

Monthly Budget Summary
Total monthly income.................... 1,239
Expenses (including HP & secured debts). 625
Available for debt repayments........... 614
Monthly UNsecured debt repayments....... 776
Amount short for making debt repayments. -162
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -23,285
Net Assets.............................. -23,285
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

karend1980

Not sure If I have done it right ....

Sunnylooloo

Hi Karen

someone will go through your SOA in more details

I think you have to put your mobile and land line together. You are not normally allowed sky/cable.

I think you have 4 children so your grocieries may need to go up but someone will advise you the correct amount

Xmas savings and entertainment and presents will not be allowed but you can put in an amount for a holiday. Also things like haircuts for 5 of you? Clothing maybe should be more? Doctors prescriptions??

Just a few ideas but I am not sure of the amounts allowed I'll give you a bump up and someone can give you all the correct figures and advice you need

LL

karend1980

Yeah ... Im not sure what I am allowed and not lol Need to get it straight !!

dojoman

karend1980 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 4
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1239
Other income............................ 0
Total monthly income.................... 1239
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 46 (IS THIS RIGHT, SEEMS LOW)
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 55
Gas..................................... 55
Oil..................................... 0
Water rates............................. 41
Telephone (land line)................... 60
Mobile phone............................ 10
TV Licence.............................. 13
Satellite/Cable TV...................... 21 NOT ALLOWED IN BR
Internet Services....................... 0
Groceries etc. ......................... 250 (UP THIS TO £450)
Clothing................................ 10 (UP THIS TO £75)
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
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..................... 0
Contents insurance...................... 0 (NO CONTENTS INSURANCE?)
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 (NOT ALLOWED IN BR)
Haircuts................................ 0 (£30)
Entertainment........................... 20 (NOT ALLOWED)
Holiday................................. 0 (£75)
Emergency fund.......................... 0
xmas savings............................ 34 (NOT ALLOWED)
Total monthly expenses.................. 625

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
LTSB Loan 1....................10000.....300.......0
LTSB Loan 2....................8500......285.......0
LTSB Card......................900.......35........0
Marshall ward..................285.......33........0
Empirestores...................200.......30........0
Freemans.......................200.......33........0
BarcleyCard....................900.......25........0
LTSB Overdraft.................2300......35........0
Total unsecured debts..........23285.....776.......-

Monthly Budget Summary
Total monthly income.................... 1,239
Expenses (including HP & secured debts). 625
Available for debt repayments........... 614
Monthly UNsecured debt repayments....... 776
Amount short for making debt repayments. -162
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -23,285
Net Assets.............................. -23,285
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Hope this helps?, someone else will be along soon to hopefully add to it.

karend1980

Thanks for the info, do the childrens ages matter in regards to amounts, ? £75 for holidays wow lol

fredfedup

Can you tell us kids ages, that would help, as dojoman says somethings are not allowed but you can claim for others. We are a family of four, 2 adults 2 Kids. We were allowed £500 for food(although others recently have had £550-600 accepted) We got £150 for clothes, £80 for holiday. You can put £5 per child/per week for activities such as swimming/dancing etc... obviously if you have babies thats different! Definitely get contents insurance, before you go BR about £13 is usual.
fred

Can you double check your SOA, as at the moment it is showing you have a surplus of £614!

karend1980

fredfedup wrote: »

Can you tell us kids ages, that would help, as dojoman says somethings are not allowed but you can claim for others. We are a family of four, 2 adults 2 Kids. We were allowed £500 for food(although others recently have had £550-600 accepted) We got £150 for clothes, £80 for holiday. You can put £5 per child/per week for activities such as swimming/dancing etc... obviously if you have babies thats different! Definitely get contents insurance, before you go BR about £13 is usual.
fred

Can you double check your SOA, as at the moment it is showing you have a surplus of £614!

OK my SOA was just a practice one as i'm sure theres things missing. My children are 1,6,7, 10 . I only cancelled my contents as it was with LTSB and they are my biggest creditor.

karend1980

What insurance compnays are good, i went on go compare and i have never heard of the cheap ones. the postoffice was the cheapest ive heard of at 18 a mth for get that they want a deposit and are chargeing interest

Initial payment of £43.39 followed by 10 monthly instalments of £19.16. Each payment includes a monthly charge of £1.74. Total amount payable is £234.36. Amount of credit provided is £190.97. Cash price is £216.96. Typical 23.5% APR. Credit

No thanks !

fredfedup

I understand it is expensive, but if you go BR you won't be able to get credit. If the fridge or whatever blows up your stuck, and (god forbid) any thing more serious happened like flood or fire, you are right royally stuffed. Mine is £30 a month and yes I know there is cheaper out there, but until our year is up we are going to stick with Barclays. Hopefully someone can point you in the direction of a cheap reliable one.

immoral_angeluk

karend1980 wrote: »

What insurance compnays are good, i went on go compare and i have never heard of the cheap ones. the postoffice was the cheapest ive heard of at 18 a mth for get that they want a deposit and are chargeing interest

Initial payment of £43.39 followed by 10 monthly instalments of £19.16. Each payment includes a monthly charge of £1.74. Total amount payable is £234.36. Amount of credit provided is £190.97. Cash price is £216.96. Typical 23.5% APR. Credit

No thanks !

I'm paying £5.91 a month with nationwide.