experienced eyes needed to look over soa

mental_about_money

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1842
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1842
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 101
Electricity............................. 70
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 650
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 868

Assets
Cash.................................... 5350
House value (Gross)..................... 140000
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 145850

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
barclaycard....................790.......17.5......14.9
the one........................670.......15........19.9
capital one....................1500......45........29.9
Total unsecured debts..........2960......77.5......-

Monthly Budget Summary
Total monthly income.................... 1,842
Expenses (including HP & secured debts). 868
Available for debt repayments........... 974
Monthly UNsecured debt repayments....... 77.5
Amount left after debt repayments....... 896.5
Personal Balance Sheet Summary
Total assets (things you own)........... 145,850
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,960
Net Assets.............................. 142,890
Created using the SOA calculator at

Any suggestions gratefully received - thanks

curlytop12

mental_about_money wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1842
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1842
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 101 is this 10 or 12 months?
Electricity............................. 70
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0 ?none
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 650 this is a lot for 1 adult,2 kids
Clothing................................ 0 ?none
Petrol/diesel........................... 0 ?none
Road tax................................ 0 ?none
Car Insurance........................... 0 ?none
Car maintenance (including MOT)......... 0 ?none
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0 ?none
Contents insurance...................... 0 ?none
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 ?none
Haircuts................................ 0 ?none
Entertainment........................... 0 ?none
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 868

Assets
Cash.................................... 5350
House value (Gross)..................... 140000
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 145850

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
barclaycard....................790.......17.5......14.9
the one........................670.......15........19.9
capital one....................1500......45........29.9
Total unsecured debts..........2960......77.5......-

Monthly Budget Summary
Total monthly income.................... 1,842
Expenses (including HP & secured debts). 868
Available for debt repayments........... 974
Monthly UNsecured debt repayments....... 77.5
Amount left after debt repayments....... 896.5
Personal Balance Sheet Summary
Total assets (things you own)........... 145,850
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,960
Net Assets.............................. 142,890
Created using the SOA calculator at

Any suggestions gratefully received - thanks

hiya,think you need to have a look over this,am presuming you have "lumped" all outgoings into the groceries bit? you need to fill out in all different sections to get best advice!
good luck:)

hopefulfooluk

Excuse this rather blunt response.

Okay so:

1) You have a car yet you pay no tax, insurance, fuel, maintenance, or parking
2) You have a property worth £140k but pay no mortgage, buildings insurance, water rates
3) You spend over £20 A DAY on food!!
4) You don't buy any presents, get your hair cut, buy clothes for your kids, take them out anywhere?
4) You have over 5 grand sitting in the bank earning virtually nothing, yet you are paying up to 29.9% on your debts which you could wipe out immediately

Are you sure this SOA paints the real picture? According to that, you don't have a debt problem so why are you posting on DFW?

DVardysShadow

Yeah, you could pay it off in about 4 months, IF your SoA is correct. Suggest you keep a spending diary and check out whether you have a money leak.

PNPSUKNET

Im not sure what but is this a windup, look at other posts and Groceries etc. ......................... 650?