my SOA advice would be great

pinknfluffy0

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.................... 2

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1800
Benefits................................ 400
Other income............................ 0
Total monthly income.................... 2200

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 360
Management charge (leasehold property).. 0
Council tax............................. 111
Electricity............................. 70
Gas..................................... 40
Oil..................................... 0
Water rates............................. 44
Telephone (land line)................... 80
Mobile phone............................ 30
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 20
Petrol/diesel........................... 150
Road tax................................ 30
Car Insurance........................... 70
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 60
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0
Entertainment........................... 40
Holiday................................. 0
Emergency fund.......................... 100
Total monthly expenses.................. 1688


Assets
Cash.................................... 300
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 2000
Total Assets............................ 5300

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
(Unnamed debt).................2000......160.......0
Total unsecured debts..........2000......160.......-


Monthly Budget Summary
Total monthly income.................... 2,200
Expenses (including HP & secured debts). 1,688
Available for debt repayments........... 512
Monthly UNsecured debt repayments....... 160
Amount left after debt repayments....... 352

Personal Balance Sheet Summary
Total assets (things you own)........... 5,300
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,000
Net Assets.............................. 3,300

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.
This has worried me as I do not seem to have that much income left at the end of a month so I must be spending more than I thought.

DVardysShadow

Then you should do a spending diary

pinknfluffy0

yeah I am going to start

hula-hoops

£80 a month for the landline is way too high. I am on BT unlimited evening and weekend calls and pay £17 a month.

Is £30 for the mobile phone for one or two phones? If it's one phone it's again very high.

pinknfluffy0

The phone includes sky and broadband too

The mobile is contract so can't lower it

[Deleted User]

Your food/grocery bill is also high - check out the Old Style board for ways to reduce this - drop a brand/buy own brand, cook from scratch, batch cook, packed lunches etc

pinknfluffy0

I buy mainly own brands I could most stuff from scratch and make big batches and freeze them. I make pack lunches and do weekly planning my kids just eat a lot