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SOA for checking please - thanks
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[Deleted User]
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I've effectively done 2 individual SOA's and then combined then = result with my comments highlighting where DH income goes (this makes it understandable to me) - any comments appreciated.
Payments already already accounted for from Business expenses - Mileage covers my car (just) petrol, parking, mob phone - can't think of anything else
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 100 [avg 2009/10 per month]
Partners monthly income after tax....... 1800
Benefits................................ 0
Other income............................ 434
Total monthly income.................... 2334 [DH 1800 me 534]
Monthly Expense Details
Mortgage................................ 418.1
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 179
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 75
Telephone (land line)................... 30
Mobile phone............................ 20 [DH]
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400 [DH 300 me 100 if I can]
Clothing................................ 30 [DH 20 me 10]
Petrol/diesel........................... 100]
Road tax................................ 16
Car Insurance........................... 20
Car maintenance (including MOT)......... 75
Car parking............................. 10
Other travel............................ 105 [DH Bike]
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 [DH 5 me 5 for specs]
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 12 [landlords ins]
Presents (birthday, christmas etc)...... 5
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30 [DH 25 me 5]
Emergency fund..........................
OH CCard repayment...................... 20
Total monthly expenses.................. 2317.1 [DH 1762 me 555.1]
Assets
Cash.................................... 0
House value (Gross)..................... 99995 [for Sale at]
Shares and bonds........................ 0
Car(s).................................. 600 [mine only for business, DH uses his for work]
Other assets............................ 800 [my 125cc bike]
Total Assets............................ 101395
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 99578....(418.1)....0 [last BS statement]
Total secured & HP debts...... 99578.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CC.............................14536.....380.......0
CC.............................7656......185.......0
Flexiloan......................10414.....250.......0
cc.............................3663......80........0
cc/bank........................3401......75........0
Total unsecured debts..........39670.....970.......-
Monthly Budget Summary
Total monthly income.................... 2,334
Expenses (including HP & secured debts). 2,317.1
Available for debt repayments........... 16.9 [from DH]
Monthly UNsecured debt repayments....... 970 [me]
Amount short for making debt repayments. -953.1
Personal Balance Sheet Summary
Total assets (things you own)........... 101,395
Total HP & Secured debt................. -99,578
Total Unsecured debt.................... -39,670
Net Assets.............................. -37,853
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.
Payments already already accounted for from Business expenses - Mileage covers my car (just) petrol, parking, mob phone - can't think of anything else
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 100 [avg 2009/10 per month]
Partners monthly income after tax....... 1800
Benefits................................ 0
Other income............................ 434
Total monthly income.................... 2334 [DH 1800 me 534]
Monthly Expense Details
Mortgage................................ 418.1
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 179
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 75
Telephone (land line)................... 30
Mobile phone............................ 20 [DH]
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400 [DH 300 me 100 if I can]
Clothing................................ 30 [DH 20 me 10]
Petrol/diesel........................... 100]
Road tax................................ 16
Car Insurance........................... 20
Car maintenance (including MOT)......... 75
Car parking............................. 10
Other travel............................ 105 [DH Bike]
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 [DH 5 me 5 for specs]
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 12 [landlords ins]
Presents (birthday, christmas etc)...... 5
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30 [DH 25 me 5]
Emergency fund..........................
OH CCard repayment...................... 20
Total monthly expenses.................. 2317.1 [DH 1762 me 555.1]
Assets
Cash.................................... 0
House value (Gross)..................... 99995 [for Sale at]
Shares and bonds........................ 0
Car(s).................................. 600 [mine only for business, DH uses his for work]
Other assets............................ 800 [my 125cc bike]
Total Assets............................ 101395
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 99578....(418.1)....0 [last BS statement]
Total secured & HP debts...... 99578.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CC.............................14536.....380.......0
CC.............................7656......185.......0
Flexiloan......................10414.....250.......0
cc.............................3663......80........0
cc/bank........................3401......75........0
Total unsecured debts..........39670.....970.......-
Monthly Budget Summary
Total monthly income.................... 2,334
Expenses (including HP & secured debts). 2,317.1
Available for debt repayments........... 16.9 [from DH]
Monthly UNsecured debt repayments....... 970 [me]
Amount short for making debt repayments. -953.1
Personal Balance Sheet Summary
Total assets (things you own)........... 101,395
Total HP & Secured debt................. -99,578
Total Unsecured debt.................... -39,670
Net Assets.............................. -37,853
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.
0
Comments
-
Just bumping for you lbm x"If wishes were horses, then beggars would ride"
0 -
You have rent and a mortgage? Is it BTL?Total 'Failed Business' Debt £29,043
Que sera, sera.0 -
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 100 [avg 2009/10 per month]
Partners monthly income after tax....... 1800
Benefits................................ 0
Other income............................ 434
Total monthly income.................... 2334 [DH 1800 me 534]
Monthly Expense Details
Mortgage................................ 418.1
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 179 :eek: Why?? Would they accept spreading it over a longer period, ie 12 months instead of 10? Same for water.
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 75 What?? Why? Are you in arrears?? How long is this over?
Telephone (land line)................... 30
Mobile phone............................ 20 [DH]
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0 Is your internet free then?
Groceries etc. ......................... 400 [DH 300 me 100 if I can] You could cut this down massively. Check out the OS board.
Clothing................................ 30 [DH 20 me 10] Do you really need to buy clothes every month? Use charity shops etc.
Petrol/diesel........................... 100]
Road tax................................ 16
Car Insurance........................... 20
Car maintenance (including MOT)......... 75 This is very high, why?
Car parking............................. 10
Other travel............................ 105 [DH Bike]
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 [DH 5 me 5 for specs]
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 No contents insurance? you need this even if renting.
Life assurance ......................... 0
Other insurance......................... 12 [landlords ins] Do you need this if you're selling up?
Presents (birthday, christmas etc)...... 5
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30 [DH 25 me 5] Do you need to save this much for a holiday every month? Or is it one already booked?
Emergency fund..........................
OH CCard repayment...................... 20
Total monthly expenses.................. 2317.1 [DH 1762 me 555.1]
Assets
Cash.................................... 0
House value (Gross)..................... 99995 [for Sale at]
Shares and bonds........................ 0
Car(s).................................. 600 [mine only for business, DH uses his for work]
Other assets............................ 800 [my 125cc bike]
Total Assets............................ 101395
Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 99578....(418.1)....0 [last BS statement]
Total secured & HP debts...... 99578.....-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
CC.............................14536.....380...... .0
CC.............................7656......185...... .0
Flexiloan......................10414.....250...... .0
cc.............................3663......80....... .0
cc/bank........................3401......75........0
Total unsecured debts..........39670.....970.......-
Monthly Budget Summary
Total monthly income.................... 2,334
Expenses (including HP & secured debts). 2,317.1
Available for debt repayments........... 16.9 [from DH] This doesn't add up as above you say his CC was £20?
Monthly UNsecured debt repayments....... 970 [me]
Amount short for making debt repayments. -953.1Total 'Failed Business' Debt £29,043
Que sera, sera.0 -
thanks angel im just looking through myself:)0
-
I've effectively done 2 individual SOA's and then combined then = result with my comments highlighting where DH income goes (this makes it understandable to me) - any comments appreciated.
Payments already already accounted for from Business expenses - Mileage covers my car (just) petrol, parking, mob phone - can't think of anything else
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 100 [avg 2009/10 per month]
Partners monthly income after tax....... 1800
Benefits................................ 0
Other income............................ 434
Total monthly income.................... 2334 [DH 1800 me 534]
Monthly Expense Details
Mortgage................................ 418.1
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 179this is high is it for two propertys. only one will be allowed.
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 75Very high is this per month.
Telephone (land line)................... 30
Mobile phone............................ 20 [DH]
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400 [DH 300 me 100 if I can]
Clothing................................ 30 [DH 20 me 10]
Petrol/diesel........................... 100]
Road tax................................ 16
Car Insurance........................... 20
Car maintenance (including MOT)......... 75Vety high please can you explain.
Car parking............................. 10
Other travel............................ 105 [DH Bike]
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 [DH 5 me 5 for specs]
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 12 [landlords ins]
Presents (birthday, christmas etc)...... 5
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30 [DH 25 me 5]
Emergency fund..........................
OH CCard repayment...................... 20
Total monthly expenses.................. 2317.1 [DH 1762 me 555.1]
Assets
Cash.................................... 0
House value (Gross)..................... 99995 [for Sale at]
Shares and bonds........................ 0
Car(s).................................. 600 [mine only for business, DH uses his for work]
Other assets............................ 800 [my 125cc bike]
Total Assets............................ 101395
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 99578....(418.1)....0 [last BS statement]
Total secured & HP debts...... 99578.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
CC.............................14536.....380.......0
CC.............................7656......185.......0
Flexiloan......................10414.....250.......0
cc.............................3663......80........0
cc/bank........................3401......75........0
Total unsecured debts..........39670.....970.......-
Monthly Budget Summary
Total monthly income.................... 2,334
Expenses (including HP & secured debts). 2,317.1
Available for debt repayments........... 16.9 [from DH]
Monthly UNsecured debt repayments....... 970 [me]
Amount short for making debt repayments. -953.1
Personal Balance Sheet Summary
Total assets (things you own)........... 101,395
Total HP & Secured debt................. -99,578
Total Unsecured debt.................... -39,670
Net Assets.............................. -37,853
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.
I hpoe this is some help sizzler:)0 -
-
immoral_angeluk wrote: »You have rent and a mortgage? Is it BTL?
I just want rid of it TBH it's been a nightmare and now in NE *sigh*0 -
Is there any equity in the house?Total 'Failed Business' Debt £29,043
Que sera, sera.0 -
you got any equity?0
-
immoral_angeluk wrote: »Is there any equity in the house?
Also haven't been able to find work (my niche doesn't exist anymore) so started completely new career but unfortunately self-employed and will take time to establish, still looking for p/t work too
Tax & water - high because of paying back arrears (DH out of work for a while) tax will be 132, not sure about water;
Car maint - DH car & will have better idea when get quote for exhaust & mot done soon.
My main point is that I only pay for my personal care/clothes essentials and as much as I can to housekeeping whenever I earn some, DH is paying for everything and I'm the one that's unable to contribute to the household at present (and its hard when I was a decent earner and paid my way)
Thanks so much for your time guys - I hope you know what a godsend you all are :beer:0
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