Quick IPA question

Falze

Thanks been there. I will try and re-calc later.

I do where suits so £10 to be added.

The Mrs only works 5 mins walk away from home, but uses the bus to go shopping etc. If you think she could get away with more i 'll try.

If its no accepted, its not accepted.

The kids are at school, but we both work weekend and we have to pay the mother in law to look after them then, after school some days and during school hols. Do you think this would be ok ?

beentheredonethatstilhere

Falze wrote: »

Thanks been there. I will try and re-calc later.

I do where suits so £10 to be added.

The Mrs only works 5 mins walk away from home, but uses the bus to go shopping etc. If you think she could get away with more i 'll try. I would try for a fiver or so more. Not much but not pushing the boundary's and more likely to be accepted.

If its no accepted, its not accepted.

The kids are at school, but we both work weekend and we have to pay the mother in law to look after them then, after school some days and during school hols. Do you think this would be ok ?

Not sure how te OR will react to paying your MIL to look after the children. Might be worth a question to which ever debt charity you have taken advice from. Add school dinners £2 per day, per week, per child for primary and £3 for secondary.

Falze

This is my amended SOA. I have deleted some travel expenses, hair and medical from my expenses and reduced the Mrs contribution by the same amount.

Is this correct or any further comments. Please.

I'll post the Mrs in a while. MUST do some real work !!!


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1450
Partners monthly income after tax....... 775
Benefits................................ 132.8
Other income............................ 0
Total monthly income.................... 2377.8
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 115
Electricity............................. 42
Gas..................................... 57
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 25
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 600
Clothing................................ 120
Petrol/diesel........................... 80
Road tax................................ 10.4
Car Insurance........................... 44.12
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 10
Childcare/nursery....................... 120
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 14.3
Life assurance ......................... 21
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 90
Emergency fund.......................... 0
Total monthly expenses.................. 2225.82

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,377.8
Expenses (including HP & secured debts). 2,225.82
Available for debt repayments........... 151.98
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 151.98
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500

Falze

I have removed all my expenses and deducted these from my contributions.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 830
Partners monthly income after tax....... 1195.48
Benefits................................ 132.8
Other income............................ 0
Total monthly income.................... 2158.28
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 115
Electricity............................. 42
Gas..................................... 57
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 25
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 600
Clothing................................ 120
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 25
Childcare/nursery....................... 120
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 14.3
Life assurance ......................... 21
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 90
Emergency fund.......................... 0
Total monthly expenses.................. 1996.3

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,158.28
Expenses (including HP & secured debts). 1,996.3
Available for debt repayments........... 161.98
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 161.98
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Falze

It appears i have slightly messed up somewhere as they should be same as everything i have excluded has been excluded from the contributions ???

also, despite allowing for an extra £100 for groceries, the combinued available debt is more that the actual available debt we have.

Where have i gone wrong !!!!

Sunnylooloo

Falze - sorry I can't help but I'll give you a bump up and someone will be along...

beentheredonethatstilhere

Falze, I am off to bed early but am giving this a bump to see if some one can work it out. If not I will have a look for you tomorrow evening, sorry won't have a chance to give it full attention till then. Give this a bump if I haven't checked in by 9pm.

Falze

Just a quick bump.

I read somewhere else on here today, that the partners contribution should be half the combined bills (rent, elec etc.)

Anybody have a definitive answer on how to calc this.

Thanks


Falze

beentheredonethatstilhere

Falze, it will be a percentage of what she earns, so if you earn £1k and she earns £500 then it is not fair for her to pay £50%.

I promised to look at your SOA's, didn't I. Sorry it has been mad around here and I forgot. Will look tonight when the brood are in bed. Please, please bug me if I forget again.

Falze

no worries. Appreciate the help.

As it appears i will now be going BR before i move out the figures will change slightly (mainly the debts !!), but the same princable applies and i will need this for the OR anyway.