SOA Question

diddly74

This is our SOA

Money Going Out
Bills
Gas & Elec £ 154.00 currently on FixOnline 4 tariff with eon. Account £346 in debit (not put as a creditor as will even out in summer)
Water £ 43.41 Paid Monthly on a book - up to date
CC Tax £ 89.00 Paid Monthly - up to date
Hous ins £ 19.82 Paid by DD - up to date
TV lic £ 12.12 Paid by DD - up to date
Phone & Broadband & TV £ 67.80 With virginmedia - we have 2 school age children DT is a Student Nurse
Mobiles £ 50.00 Due to shift work and child care we feel these are necessary.
Life insurance £ 20.76 Linked with mortgage
Kids Swimming Lessons £ 36.20 2 children, very sporty.
Bills £ 493.11
Mortgage £ 582.76 With HSBC Fixed 10yr deal
£ 129.95 Secured loans with HSBC
£ 139.61 Secured loans with HSBC
Total £ 852.32
Food & Household Shopping £ 500.00
School Meals £ 80.00
Parking £ 76.00 OH has a monthly parking permit for work car park my parking charge at Uni £3 a day
Petrol £ 160.00
Car Ins (2 Cars) £ 70.00 2 cars - OHstarts work early - too early for public transport and has to be home for children. My car needed as a Student Nurse has to travel 20 miles a day to uni and has placements within a 60 mile radius
Car Tax (2 Cars) £ 28.00
Car servicing/MOT/Breakdown £ 60.00
Health Costs & Vets bills £ 50.00
Clothing £ 80.00
Hair cuts £ 30.00
Holidays £ 100.00
Sub Total £ 1,234.00

Grand total of outgoings. £ 2,579.43


Money Coming In per Month
Salary (OH) £ 826.29
WTC £ 286.52
NHS Bursary £ 926.75
Child benefit £ 132.00
Child Tax Credit £ 414.96
Total Income £ 2,586.52

Whats left over £ 7.09

Grr be so good it you could paste a excell spreadsheet in! Where is the OR likely to object and by how much?

I have tried to get everything in - but you can bet ur last £ that something will happen within the first month or 2 that will throw it all info disarray once its all agreed! E.G. Both cars had to have their MOTs in this week, mine cost £325 to repair and OH's will be about £100!

Thanks

D

diddly74

Sorry it looks such a mess, grrr

IF

Hi diddly, for us to see it clearly, click on link below and fill that one in.

http://www.makesenseofcards.co.uk/soacalc.html

Select the MSE format at the end. x

diddly74

Hows this then?

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 2 Aged 10 and 7
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 926 NHS Student Nurse Bursary (NI & Tax exempt)
Partners monthly income after tax....... 826
Benefits................................ 833 including WTC, CTC and CB
Other income............................ 0
Total monthly income.................... 2585

Monthly Expense Details
Mortgage................................ 582
Secured/HP loan repayments.............. 270
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 89 inc Student disc
Electricity............................. 77
Gas..................................... 77
Oil..................................... 0
Water rates............................. 43
Telephone (land line)................... 62 this is total for TV Broadband and phone pkg from virgin
Mobile phone............................ 50
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 80
Petrol/diesel........................... 160
Road tax................................ 28
Car Insurance........................... 70
Car maintenance (including MOT)......... 60
Car parking............................. 76
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 36
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 25
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 21
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 100
Emergency fund.......................... 0
School Meals............................ 80
Total monthly expenses.................. 2584


Assets
Cash.................................... 0
House value (Gross)..................... 114000
Shares and bonds........................ 0
Car(s).................................. 1100 (2 cars)
Other assets............................ 0
Total Assets............................ 115100


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 70000....(582)......0
Secured Debt.................. 40000....(270)......0
Total secured & HP debts...... 110000....-.........-

Unsecured Debts = 0 as am BR now.


Monthly Budget Summary
Total monthly income.................... 2,585
Expenses (including HP & secured debts). 2,584
Available for debt repayments........... 1
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1

Personal Balance Sheet Summary
Total assets (things you own)........... 115,300
Total HP & Secured debt................. -110,000
Total Unsecured debt.................... -0
Net Assets.............................. 5,300

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

fiveyearplan

diddly74 wrote: »

Hows this then?

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 2 Aged 10 and 7
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 926 NHS Student Nurse Bursary (NI & Tax exempt)
Partners monthly income after tax....... 826
Benefits................................ 833 including WTC, CTC and CB
Other income............................ 0
Total monthly income.................... 2585

Monthly Expense Details
Mortgage................................ 582
Secured/HP loan repayments.............. 270
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 89 inc Student disc
Electricity............................. 77
Gas..................................... 77
Oil..................................... 0
Water rates............................. 43
Telephone (land line)................... 62 this is total for TV Broadband and phone pkg from virgin phones £60 total including mobiles
Mobile phone............................ 50 see above
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 600
Clothing................................ 80
Petrol/diesel........................... 160
Road tax................................ 28
Car Insurance........................... 70
Car maintenance (including MOT)......... 60
Car parking............................. 76
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 36
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 25
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 21 OR may have interest in this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 100 looks quite high
Emergency fund.......................... 0
School Meals............................ 80
Total monthly expenses.................. 2584


Assets
Cash.................................... 0
House value (Gross)..................... 114000
Shares and bonds........................ 0
Car(s).................................. 1100 (2 cars)
Other assets............................ 0
Total Assets............................ 115100


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 70000....(582)......0
Secured Debt.................. 40000....(270)......0
Total secured & HP debts...... 110000....-.........-

Unsecured Debts = 0 as am BR now.


Monthly Budget Summary
Total monthly income.................... 2,585
Expenses (including HP & secured debts). 2,584
Available for debt repayments........... 1
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1

Personal Balance Sheet Summary
Total assets (things you own)........... 115,300
Total HP & Secured debt................. -110,000
Total Unsecured debt.................... -0
Net Assets.............................. 5,300

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

I've made some comments above. I also notice you have a couple of other threads - its usually easier to keep to one thread unless the topic is something quite different.

diddly74

Thanks. I started this one because the others had died a death and I just wanted some opinions on what the OR may find offence with - I have already sent in the SOA above see.