We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Check please!!! Sorry...........yet another SOA
doginthebath
Posts: 20 Forumite
Hello everyone,
After much reaserch & tweaking I've now got my SOA together!
Im hoping that you could all run your expert eyes over it & maybe give some helpful hints or top tips............................
Statement of Affairs
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income DetailsNumber of children in household.........
Number of cars owned.................... 1
Monthly income after tax................ 1500
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 530
Management charge (leasehold property).. 0
Council tax............................. 79
Electricity............................. 25
Gas..................................... 25
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 90
Road tax................................ 17
Car Insurance........................... 65
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 6
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 33
Emergency fund.......................... 0
Total monthly expenses.................. 1287
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.................... 1,500
Expenses (including HP & secured debts). 1,287
Available for debt repayments........... 213
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 213
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Thanks in advance!
DITB
0
Comments
-
doginthebath wrote: »Hello everyone,After much reaserch & tweaking I've now got my SOA together!Im hoping that you could all run your expert eyes over it & maybe give some helpful hints or top tips............................Statement of AffairsNumber of adults in household........... 1Monthly Income Details
Number of children in household.........
Number of cars owned.................... 1
Monthly income after tax................ 1500
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 530
Management charge (leasehold property).. 0
Council tax............................. 79
Electricity............................. 25 (VERY LOW DOES TAKE WINTER INTO ACCOUNT?)
Gas..................................... 25 (DITTO)
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 90
Road tax................................ 17
Car Insurance........................... 65
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 10 (IF YOU ARE RENTING WHY ARE YOU PAYING THIS?)
Contents insurance...................... 10 (DOES IT INCLUDE ACCIDENTAL DAMAGE?)
Life assurance ......................... 0
Other insurance......................... 6 (WHAT IS THIS?)
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 33
Emergency fund.......................... 0
Total monthly expenses.................. 1287
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.................... 1,500
Expenses (including HP & secured debts). 1,287
Available for debt repayments........... 213
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 213
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Thanks in advance!
DITB
Hope this helps, have put a few comments down but apart from that it looks OK to me.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
doginthebath wrote: »Hello everyone,After much reaserch & tweaking I've now got my SOA together!Im hoping that you could all run your expert eyes over it & maybe give some helpful hints or top tips............................Statement of AffairsNumber of adults in household........... 1Monthly Income Details
Number of children in household.........
Number of cars owned.................... 1
Monthly income after tax................ 1500
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 530
Management charge (leasehold property).. 0
Council tax............................. 79 ( Is this after single occupancy discount?)
Electricity............................. 25
Gas..................................... 25
Oil..................................... 0
Water rates............................. 40 ( This seems very high. Do you have a water meter? That should reduce it. I pay about £200 per year.)
Telephone (land line)................... 50 ( This is high. does it include broadband? Shop around.)
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200 ( See old time savings forum to reduce this, but it isn't too bad.)
Clothing................................ 40
Petrol/diesel........................... 90 ( Do you do a lot of driving? Get fuel from somewhere that gives you points etc. BUT ONLY IF IT IS THE CHEAPEST)
Road tax................................ 17
Car Insurance........................... 65 This is very high. What car do you drive? See Martin's tips on cheaper car insurance.
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 6
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 33
Emergency fund.......................... 0
Total monthly expenses.................. 1287
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.................... 1,500
Expenses (including HP & secured debts). 1,287
Available for debt repayments........... 213
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 213
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Thanks in advance!
DITB
Hope that helps.0 -
This is an SOA for BR, it is not about saving money!:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
doginthebath wrote: »Hello everyone,After much reaserch & tweaking I've now got my SOA together!Im hoping that you could all run your expert eyes over it & maybe give some helpful hints or top tips............................Statement of AffairsNumber of adults in household........... 1Monthly Income Details
Number of children in household.........
Number of cars owned.................... 1
Monthly income after tax................ 1500
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 530
Management charge (leasehold property).. 0
Council tax............................. 79
Electricity............................. 25 will this cover the winter bills as well?
Gas..................................... 25 ditto
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 90 will this cover it?
Road tax................................ 17
Car Insurance........................... 65
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15 £20
Pet insurance/vet bills................. 0
Buildings insurance..................... 10 why do you have this when you are renting?
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 6 what is this?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 33 £25
Emergency fund.......................... 0
Total monthly expenses.................. 1287
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.................... 1,500
Expenses (including HP & secured debts). 1,287
Available for debt repayments........... 213
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 213
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Thanks in advance!
DITB
Hope that helpsHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Thanks very much everyone!
In response to the items that were flagged,
I've upped the gas & electric to £35 each to. Sound better?
Fuel is what I use (don't ive far from work).
Upped medical to £20.
Knocked the buildings ins. on the head.
£6 is for AA cover. (On reflection should be in with car costs I reckon).
Finally, will sadly reduce my holiday to £25.
So, that takes care of the SOA. Got my BR forms done. I'll have The money on pay day then off to court!
Happy days! (Well.....nearly!)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards