SOA for sadnblue

confused76

https://forums.moneysavingexpert.com/discussion/2513981

thread for sadnblue started in DFW, can we help on this side too please?

confused76

sadnblue wrote: »

i know this is overloaded on some of the figures please be gentle, recently very reduced hours and drop in income, will be applying for further benefit
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3 teenagers
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 788
Partners monthly income after tax....... 1212
Benefits................................ 216
Other income............................ 0
Total monthly income.................... 2216
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0 live in father in laws house
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 125
Electricity............................. 158 night storage heaters
Gas..................................... 0
Oil..................................... 104 old aga used for cooking all year
Water rates............................. 0 own well
Telephone (land line)................... 69
Mobile phone............................ 45
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 19 needed for exams
Groceries etc. ......................... 725 husband and boys huge appetites
Clothing................................ 150
Petrol/diesel........................... 284 rural living
Road tax................................ 17
Car Insurance........................... 32
Car maintenance (including MOT)......... 40 old car
Car parking............................. 28
Other travel............................ 132 bus passes for school
Childcare/nursery....................... 0
Other child related expenses............ 65 after school activities
Medical (prescriptions, dentist etc).... 55, glasses split over two years.
Pet insurance/vet bills................. 21
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 12 accident insurance
Presents (birthday, christmas etc)...... 10
Haircuts................................ 50 teenagers counted as adults
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 40
professional union fees................. 22
school dinners.......................... 120
personal pension........................ 16
Total monthly expenses.................. 2395

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1900
Other assets............................ 0
Total Assets............................ 1900

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

Monthly Budget Summary
Total monthly income.................... 2,216
Expenses (including HP & secured debts). 2,395
Available for debt repayments........... -179
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -179
Personal Balance Sheet Summary
Total assets (things you own)........... 1,900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 1,900
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.Statement of Affairs and Personal Balance Sheet

.....................................

confused76

sadnblue, who is going br, one or both of you?

beentheredonethatstilhere

How old are the teenagers?

sadnblue

thankyou ,just me going BR , think it should be both but that wont happen !
13 , 15 , and 17 yrs old all at school , one hours bus ride each way .

confused76

sadnblue wrote: »

i know this is overloaded on some of the figures please be gentle, recently very reduced hours and drop in income, will be applying for further benefit
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3 teenagers
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 788
Partners monthly income after tax....... 1212is this their full income or contribution to household?
Benefits................................ 216
Other income............................ 0
Total monthly income.................... 2216
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0 live in father in laws house
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 125
Electricity............................. 158 night storage heatersthis is high
Gas..................................... 0
Oil..................................... 104 old aga used for cooking all yearthis is high
Water rates............................. 0 own well
Telephone (land line)................... 69 60 max
Mobile phone............................ 45 include in landline 60 max allowed
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 19 needed for exams
Groceries etc. ......................... 725 husband and boys huge appetites 600 max
Clothing................................ 150
Petrol/diesel........................... 284 rural livingis this yours and OHs? should just be your petrol, this is very high
Road tax................................ 17
Car Insurance........................... 32
Car maintenance (including MOT)......... 40 old car
Car parking............................. 28
Other travel............................ 132 bus passes for school
Childcare/nursery....................... 0
Other child related expenses............ 65 after school activities
Medical (prescriptions, dentist etc).... 55, glasses split over two years.
Pet insurance/vet bills................. 21
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 12 accident insurance
Presents (birthday, christmas etc)...... 10 not allowed
Haircuts................................ 50 teenagers counted as adults
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 40 not allowed
professional union fees................. 22
school dinners.......................... 120 included in the 600 groceries
personal pension........................ 16
Total monthly expenses.................. 2395

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1900
Other assets............................ 0
Total Assets............................ 1900

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

Monthly Budget Summary
Total monthly income.................... 2,216
Expenses (including HP & secured debts). 2,395
Available for debt repayments........... -179
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -179
Personal Balance Sheet Summary
Total assets (things you own)........... 1,900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 1,900
Cmakesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.Statement of Affairs and Personal Balance Sheet

ok i've had a go at this, need help from others too. your petrol, food and utilities are very high, please look at my comments above

as it is just you going br, the soa should be based on your income plus partners contribution to the household, not their full income or their expenses.

hope this helps a little bit

hopefully some others will comment too x

IF

sadnblue wrote: »

thankyou ,just me going BR , think it should be both but that wont happen !
13 , 15 , and 17 yrs old all at school , one hours bus ride each way .

Hi glad your back over here, I'm not very good with SOA's but confused is learning too and BTDTSH is brilliant.....so deep breath's and you will be helped x

bat-out-of-hell

You say you have your own well hence no water rates, do you not pay for sewerage (sp) and drainage for rain fall? if not, you may find you should, on the first at least, if not the second

debtinfo

hi sadnblue, the bit that is throwing it out is the fact that you dont have any rent or mortgage listed, it is ok to put an amount down as rent to your father in law, no one would expect you to live there for free. Apart from that what confused has said is pretty much spot on

beentheredonethatstilhere

Originally Posted by sadnblue
i know this is overloaded on some of the figures please be gentle, recently very reduced hours and drop in income, will be applying for further benefit
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3 teenagers
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 788
Partners monthly income after tax....... 1212
Benefits................................ 216
Other income............................ 0
Total monthly income.................... 2216
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0 live in father in laws house As DI has mentioned you can pay something to your FIL for rent.
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 125
Electricity............................. 158 night storage heaters Keep bills as proof of this. Have had NSH before and know how expensive it can be, in winter £50 a week was normal. Do you have the on year round?
Gas..................................... 0
Oil..................................... 104 old aga used for cooking all year as above keep bills as proof.
Water rates............................. 0 own well as Bats comments
Telephone (land line)................... 69 £60 max
Mobile phone............................ 45 most OR will only allow £60 for phones. I have seen the odd one allow something extra for mobiles so up to you if you leave these in and see.
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 19 needed for exams
Groceries etc. ......................... 725 husband and boys huge appetites
Clothing................................ 150 this is allowable but as you have tight budget it might be an area you cut a bit.
Petrol/diesel........................... 284 rural living if this is just for you then start keeping reciepts to prove. If this includes your other half then he must pay hs own petrol and reduse his contrbution accordingly.
Road tax................................ 17
Car Insurance........................... 32
Car maintenance (including MOT)......... 40 old car
Car parking............................. 28
Other travel............................ 132 bus passes for school
Childcare/nursery....................... 0
Other child related expenses............ 65 after school activities
Medical (prescriptions, dentist etc).... 55, glasses split over two years. is this yours? how much are the glasses?
Pet insurance/vet bills................. 21
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 12 accident insurance
Presents (birthday, christmas etc)...... 10 most won't allow.
Haircuts................................ 50 teenagers counted as adults
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 40 most won't allow.
professional union fees................. 22 are these yours?
school dinners.......................... 120 this is fine
personal pension........................ 16 is this yours?
Total monthly expenses.................. 2395

You are still showing a deficit at the moment (without paying rent) and need to bring that down as much as possible as the OR will want to know how you are going to manage if you have no credit to fall back on.

Are yuo getting all benefits you are entitled to? www.entitledto.co.uk

sadnblue

Hi , been off cooking sunday dinner !.....petrol ..all mine , i only pay for OH mobile ., have bills for elecric and oil . and the telephone ! night storage heaters go off once the weather improves .... bit longer this year as winter so long ., glasses 3 pairs bifocals for various jobs ,,mine . + prescriptions and dentist . no nhs near us ... professional fees mine and personal pension .
How can i put down rent surely the OR would want proof ?
OH , he has drawings not wage from family partnership , which goes on housekeeping and utility bills ......family being sister and father only . profit was £4.250 for him last year , so he,s owing the partnership.......this is where it gets very complicated ! would be better out of it as he does all the work but that won,t happen .. got to go again ..things to do !