IPA is it avoidable?

curly04

how old arethe kids?

dont you pay water?

Geoff_n_Nat

kids, 7 and 13, water is 40.60.................see....you are a diamond

curly04

do you both have cars
or does one of you have to use public transport?
if so who has the car?

LouiseSA

Geoff_n_Nat wrote: »

Hope this is ok ( not had much beer yet lol )

joint income 2232

joint outgoings

rent 325
food/cleaning 650 This looks high for 2 adults and 2 children, will prob be alloowed closer to £450/500
gas/elec 146 High, can you change provider??
landline 45
fuel 100 Do you use your car for work? Has OR said you can keep it? I would keep receipts to evidence usage
council tax 98
tv licence 12
sky tv 38 won't be allowed
car tax 21
car ins 51
house ins 15
pet food 40 Seems quite high how many pets????
pet ins 15
kids haircut 10
kids clothing 25
after school care 60


total 1623

Nat

clothes 25
hair 15
mobile 20 this will need to go in with Landline and only allowed £50/60 for LL and mobile
denplan 16 Not sure but think this may have to go
rcn nurse registration 16 is this every month???

total 92


me

mobile 45 See Nat's this will have to go in with L/L
clothes 25
hair 5 ( havent much left !! )

total 75



all income 2232
all outgoings 1790

difference 442


Am I missing anything??? HOPE IM NOT DISTURBING X FACTOR

Hope this helps, you can also put something in for Car upkeep and MOT, and also holiday.

Hopefully Curly will come up with something more positive for you however with your current Incomes I do think you will have an IPA, you just need to manage it and try to keep it as low as poss.

Geoff_n_Nat

Car is natalies, no finance on it, parkers guide price £2300. Vw bora 2003. I have a van worth £800, running it comes from business expenses not personal money, do I need to go through these aswell?

curly04

let me finish the figures
i've done my best but i can see you getting an IPA but not at the level you have said
when i got mine I just said well its less than i was paying and at least i can buy food without worrying

LouiseSA

OR usually allows £2000 for a car, I would hope at £2300 they would allow you to keep that, seems a lot of hassle selling it and buying another to only realise £300, depends how zealous your OR is.

OR will want to go through your business expense he did with so I would suggest you are prepared for that.

Geoff_n_Nat

Originally Posted by Geoff n Nat
Hope this is ok ( not had much beer yet lol )

joint income 2232

joint outgoings

rent 325
food/cleaning 650 This looks high for 2 adults and 2 children, will prob be alloowed closer to £450/500
gas/elec 146 High, can you change provider?? Cheapest we can find
landline 45
fuel 100 Do you use your car for work? Has OR said you can keep it? I would keep receipts to evidence usage wife uses it to and from work, ferrying kids around, shopping etc
council tax 98
tv licence 12
sky tv 38 won't be allowed I understand that
car tax 21
car ins 51
house ins 15
pet food 40 Seems quite high how many pets???? 1 but pedigree and very fussy
pet ins 15
kids haircut 10
kids clothing 25
after school care 60


total 1623

Nat

clothes 25
hair 15
mobile 20 this will need to go in with Landline and only allowed £50/60 for LL and mobile
denplan 16 Not sure but think this may have to go Dental care is allowed
rcn nurse registration 16 is this every month??? yes

total 92


me

mobile 45 See Nat's this will have to go in with L/L !!!!!!. This one in nats name but goes out of my bank as I couldnt get contract. Had line for 5 years, have 3 business lines that divert to this, really really need to keep the number. would 02 let me keep number and drop contract to pay as you go?
clothes 25
hair 5 ( havent much left !! )

total 75



all income 2232
all outgoings 1790

difference 442


Am I missing anything??? HOPE IM NOT DISTURBING X FACTOR

Geoff_n_Nat

Thanks for you input louise!

Geoff_n_Nat

also have hamster, so probably is £40 ish, hes asleep all day so I forget hes there!