Any help would be great xx

camelbum

Just wondering if someone could look at my SOE and see if I can change anything. Other half lives in my house, he pays phone bill, £50 of groceries and gives me rent other than that nothing so haven't included his wages or outgoings. Thanks xx


Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 690 - inc rent and ot - looking for f/t job with no avail
Partners monthly income after tax....... -
Benefits................................
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 180
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 126 -
Electricity............................. 20
Gas..................................... 30
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 23 - OH pays
Mobile phone............................ 40 - iphone best deal at the time
TV Licence.............................. 12 - paid yearly
Satellite/Cable TV...................... 0
Internet Services....................... 0 - inc with landline
Groceries etc. ......................... 80 - including special cat food, OH pays £50
Clothing................................ 0 - never really buy clothes
Petrol/diesel........................... 35
Road tax................................ 9 - paid yearly
Car Insurance........................... 16 - paid yearly
Car maintenance (including MOT)......... 2
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 2 - cat vacs once a year, OH pays half
Buildings insurance..................... 11 - both with same company inc home emergency, personal belongings and accidental cover.
Contents insurance...................... 11 - as above
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 - only buy for family
Haircuts................................ 0 - hairdresser friend does it for free
Entertainment........................... 10
Holiday................................. 0 - had two holidays this year, with a third UK break paid for already
Emergency fund.......................... 100 - savings for house move when sell my house
Total monthly expenses.................. 572 not inc what OH pays


Assets
Cash.................................... 0
House value (Gross)..................... 85000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 88500


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 47000....(180)......0.84


Unsecured Debts
Description....................Debt......Monthly.. .APR
0
Total unsecured debts..........0

RAS

You need to add this lot up properly. And to list your differnt incoem streams separately, rent, work etc.

Until you do, you will not see the extent of your overspend.

camelbum

Added up the total not as bad as I thought, could really do with a f/t job!

catmiaow

Don't think there is much I can suggest other than keep looking for a full time job, increasing income is the key!

RAS

I make it £724 excluding the landline.

CAn you go back and recalculate, please.

camelbum

Not including what OH pays

Tixy

camelbum wrote: »

Just wondering if someone could look at my SOE and see if I can change anything. Other half lives in my house, he pays phone bill, £50 of groceries and gives me rent other than that nothing so haven't included his wages or outgoings. Thanks xx does he work? why does he contribute so little? how much rent is he paying?


Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 690 - inc rent and ot - looking for f/t job with no avail
Partners monthly income after tax....... -
Benefits................................
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 180
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 126 -
Electricity............................. 20
Gas..................................... 30
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 23 - OH pays
Mobile phone............................ 40 - iphone best deal at the time
TV Licence.............................. 12 - paid yearly
Satellite/Cable TV...................... 0
Internet Services....................... 0 - inc with landline
Groceries etc. ......................... 80 - including special cat food, OH pays £50 is this £80 per month for both of you and the cat food? so you are only paying £30? are you sure this is right? it looks very low. Have you kept a spending diary to check this is all you spend on food, cleaning products, toiletries etc.
Clothing................................ 0 - never really buy clothes
Petrol/diesel........................... 35 are all the car costs just for 1 car? does OH pay his own car costs?
Road tax................................ 9 - paid yearly
Car Insurance........................... 16 - paid yearly
Car maintenance (including MOT)......... 2 is this enough for MOT, tyres, servicing etc?
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 2 - cat vacs once a year, OH pays half
Buildings insurance..................... 11 - both with same company inc home emergency, personal belongings and accidental cover.
Contents insurance...................... 11 - as above
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 - only buy for family
Haircuts................................ 0 - hairdresser friend does it for free
Entertainment........................... 10
Holiday................................. 0 - had two holidays this year, with a third UK break paid for already have you accounted for spending money etc for the 3rd break? how did you pay for the holidays you've had so far? plus if you are planning to have holidays next year you need to budget for the cost of that.
Emergency fund.......................... 100 - savings for house move when sell my house how much do you have saved so far?
Total monthly expenses.................. 572 not inc what OH pays


Assets
Cash.................................... 0
House value (Gross)..................... 85000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 88500


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 47000....(180)......0.84


Unsecured Debts
Description....................Debt......Monthly.. .APR
0
Total unsecured debts..........0

Is this right that you have no unsecured debts? If so then it looks like you are just about managing. However it doesn't seem that OH is paying a fair share towards the house. Do you have the extra £100 odd spare each month and what have you been spending it on?
Are you planning to sell your house soon? what do you intend to do then?

RAS

Sorry but how do you work that out? £126+180+100 = £406. then you have £72 utilities, £60 for the car, £40 for the phone and £22 insurance.
That's over £572 already and you have eaten nothing.

You have added the £50 he pays for food to your income and included £80 for food - does that £80 include £50 given to you by OH, or not?

If it does include his £50, you stil need to add the full £80 to your total spend. If you actually spend £80 plus £50, you need to add the full £130 to your spend. Alternatively take off his £50 food from your income and his £50 food spends.

mum2one

camelbum wrote: »

Just wondering if someone could look at my SOE and see if I can change anything. Other half lives in my house, he pays phone bill, £50 of groceries and gives me rent other than that nothing so haven't included his wages or outgoings. Thanks xx


Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 690 - inc rent and ot - looking for f/t job with no avail
Partners monthly income after tax....... -
Benefits................................
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 180
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 126 - could you ask the council if you can pay for it over 12 months not 10.
Electricity............................. 20
Gas..................................... 30
Oil..................................... 0
Water rates............................. 22
Telephone (land line)................... 23 - OH pays
Mobile phone............................ 40 - iphone best deal at the time
TV Licence.............................. 12 - paid yearly
Satellite/Cable TV...................... 0
Internet Services....................... 0 - inc with landline
Groceries etc. ......................... 80 - including special cat food, OH pays £50
Clothing................................ 0 - never really buy clothes
Petrol/diesel........................... 35
Road tax................................ 9 - paid yearly
Car Insurance........................... 16 - paid yearly
Car maintenance (including MOT)......... 2
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 2 - cat vacs once a year, OH pays half
Buildings insurance..................... 11 - both with same company inc home emergency, personal belongings and accidental cover.
Contents insurance...................... 11 - as above
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 - only buy for family
Haircuts................................ 0 - hairdresser friend does it for free
Entertainment........................... 10
Holiday................................. 0 - had two holidays this year, with a third UK break paid for already
Emergency fund.......................... 100 - savings for house move when sell my house
Total monthly expenses.................. 572 not inc what OH pays


Assets
Cash.................................... 0
House value (Gross)..................... 85000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 88500


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 47000....(180)......0.84


Unsecured Debts
Description....................Debt......Monthly.. .APR
0
Total unsecured debts..........0

I would suggest that you add in what OH pays into the income line, then do the soa as normal, just hard to see whats what with who pays this and that, by the looks of it you just have the mortgage?