newbie needs advice on br

z1oey

z1oey wrote: »

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1490
Partners monthly income after tax....... 0
Benefits................................ 580
Other income............................ 0
Total monthly income.................... 2070
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 320
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 80 prepayment meter can be more
Gas..................................... 80 prepayment meter can be nore
Oil..................................... 0
Water rates............................. 60 this is what i pay no meter can be fitted.
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 580
Clothing................................ 110
Petrol/diesel........................... 160
Road tax................................ 40 2 cars
Car Insurance........................... 60 2 cars
Car maintenance (including MOT)......... 40 2 cars
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 20
Other child related expenses............ 140 3 kids 2 schl age
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 90
Emergency fund.......................... 0
Total monthly expenses.................. 2047

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.................... 2,070
Expenses (including HP & secured debts). 2,047
Available for debt repayments........... 23

is this better??? we have a joint cashminder account with co-op and thats the only joint thing we have his wages get paid into this account, the only time my money is in that account is if i pay it in myself to cover my bills.
Thanks all for your help :T

curly04

You need to close the co op account down and open your own account
as if your money goes into the bank it could (not saying it will) be taken towards his BR.

You need to distance yourself from him with linked finances
Also is any of the debt joint?

dojoman

Are you both going BR or just your husband?

z1oey

hi , its just him going br and all the debt included is in his name only, i have my own stuff i;e catalogues, store cards etc, but i'm not going br he is,
like i said my money will only go in there if i pay it in myself so i just stop paying money in there and pay my bills in cash instead? all the benifit go into a post office card account thats in my name not his.
thanks again

curly04

Hi z1oey

You still need to take your name of the co op account - as this could cause complications at a later date.

Curls

dojoman

As it is him going BR, I don`t think you will be able to claim expenses for both your cars on his SOA.

z1oey

dojoman wrote: »

As it is him going BR, I don`t think you will be able to claim expenses for both your cars on his SOA.

ok well in that case what about the water bills the gas and electric the rent its all in my name??? but he is the only earner in the house and obviously affects my benifits now as we are married/ living together, i get confused as to where the joint thing stops sorry lol,

curly04

The benfits listed is that everything you get?

How they worked it out when I was with my Ex I earned more than him

so my OR worked it out that I had to pay 69% of the bills and he had to pay 31% of the bills

Does you get what I mean?

and then on my SOA it was put his contrubition was the 31%.

So dont list all your benifits just list what you pay to the JOINT bills ie the gas / electric etc

z1oey

yes the benifits listed is all I get, i am at home with my youngest, i suppose about halve or more goes toward the joint stuff an the rest is spent on the kids days out an stuff so do you mean i should put halve the amount of benifits that i actually get?
oh have to add that the child tax credits is joint with my husband but the child benifit is in my name only, thats the only benefits we get

curly04

This is how I did it

Make 3 lists

1 - your out goings - car / kids / etc
2 - joint out goings - rents / bills / food / holiday
3 - Oh's out goings - car / kids / etc

so then what you both have left after you own out goings - go to the joint out goings

Then you list on the form - His & joint out goings only and your contribution
Dont want to confuse you but I hope this helps