Can anyone tell me where i can save on my soa?

kirstyjessen

Hi Everyone,

I haven't aked if i am able to pay in installments I will ask about this today spoke to sky and bt and they are adament that I cannot change have added notes to replies thank you for everyones help sorry i did not reply my internet tv and house phone have been disconnected until i can pay more. These are all my debts at moment i have others but i am trying to make payment aggreement with them so this is not included in this soa at presant i wanted to pay the ones that could put me into jail first.

I have changed my SOA to include sky bt debt now as well.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 940
Partners monthly income after tax....... 0
Benefits................................ 260
Other income............................ 0
Total monthly income.................... 1200
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 275
Management charge (leasehold property).. 0
Council tax............................. 90 - this is with single person discount 2 bed house
Electricity............................. 40 - includes 160 debt included in dd price
Gas..................................... 50 - includes 150 debt included in dd price
Oil..................................... 0
Water rates............................. 50 - £366 debt
Telephone (land line)................... 12
Mobile phone............................ 25
TV Licence.............................. 17
Satellite/Cable TV...................... 49
Internet Services....................... 20
Groceries etc. ......................... 100 - includes pet food
Clothing................................ 5 - spread out over the year
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 40 - bus travel due to unable to work to work at the moment
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 7.13
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 5
Other insurance......................... 10 - Legal requirement with letting agent /landlord
Presents (birthday, christmas etc)...... 5 - have a birthday every month but only ever spend £5 except at christmas but i save £2 a week for this which goes into a account which I cant access as my mum in america keeps hold of this in her own b ank account for me
Haircuts................................ 1.75 - get my hair done every 3 months at £18 a time due to having alopecia need to get haircuts to hid bald patches
Entertainment........................... 10 - this includes
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 811.88

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
council tax....................860.......860.......0 - will ask council tax if can pay in installments
housing benefit................395.......395.......0 - will ask benefit office if can pay in installements
sky............................98........98........0 - any help will be great
bt.............................188.......188.......0 - this includes internet any help will be great as i need to reconnect to contact my mother in america and my sick 85 year hold nan

Total unsecured debts..........1541......1541......-

Monthly Budget Summary
Total monthly income.................... 1,200
Expenses (including HP & secured debts). 811.88
Available for debt repayments........... 388.12
Monthly UNsecured debt repayments....... 1,541
Amount short for making debt repayments. -1,152.88
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -1,541
Net Assets.............................. -1,541
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


thank you for everyones help I have never done this before and i've got myself into a mess not sure how i can get out of it not sure whether due to gettin 940 a month whether i am still entitled to housing/council tax benefit or any other benefits so if anyone knows how i can find out would be most grateful or if anyone knows anything else i may be entitled to would be great unfortunatly i can only responde when i'm in work now i am so sorry

tangyfog

Available for debt repayments........... 388.12
Monthly UNsecured debt repayments....... 1,541
I think it is a total debt of £1541 with a monthly surplus of £388, you just need to pay £388 over 4 months and that should be all debts paid? that how it apears to me.

themull1

Cancel Sky, and if you're ill at the mo, could you cut out the tenner entertainment money, thats £60.00, you can cancel Sky or reduce the package anytime unless you took out a specific ' get free something if you take out a £49.00 package for a year' etc..

HappyMJ

Haircuts................................ 1.75 - get my hair done every 3 months at £18 a time due to having alopecia need to get haircuts to hid bald patches


We don't care for the reasons but do you know that 18 divide by 3 is £6 per month? Where did £1.75 come from?

Do you have the £388.12 left over each month or are there other expenses that may not be calculated correctly?

Presents (birthday, christmas etc)...... 5 - have a birthday every month but only ever spend £5 except at christmas but i save £2 a week for this which goes into a account which I cant access as my mum in america keeps hold of this in her own b ank account for me

How about this one £2 per week is £104 per year dividing that by 12 gets £9 per month....

The arrears of gas/electric and water should be entered as unsecured debts. It puts you a further £676 into debt but still with your surplus you should still clear all debts within 6 months.

I think a spending diary might be the best way to see what you actually are spending money on each month. Write down everything from today and at the end of the month check with these numbers on your SOA.

Oneday77

OP the Council Tax and Housing benefits should be suitable for installments so keep at them.
Also ask if your can make the existing council tax over 12months rather than 10.

If you list all the normal payments you should be making and then add any arrears into the unsecured debts.
Any payments that amount to being paid every so often make sure you divide them up correctly, ie the £18 every 3 months 18/3 and B'day pressies.

Persoanally I would keep the £10 entertainment you need to keep your spirits up

To keep in touch with your Mum\Nan could you get a free '3' Network sim to use in your phone, they give free skype access

Oneday77

HappyMJ wrote: »

Haircuts................................ 1.75 - get my hair done every 3 months at £18 a time due to having alopecia need to get haircuts to hid bald patches


We don't care for the reasons but do you know that 18 divide by 3 is £6 per month? Where did £1.75 come from?

We do care for the reasons. It can justify a cost and prebvent a pointless suggestion. The Cash calculation is wrong but the info is relevant.

foxgloves

I'd be inclined to cancel Sky completely just for them being so intransigent when they could have helped a customer.

kirstyjessen

Hi everyone,

So I have managed to get most things under a payment plan now here is my soa can you see anywhere i can save?

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 954.32
Partners monthly income after tax....... 0
Benefits................................ 100
Other income............................ 0
Total monthly income.................... 1054.32
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 100 - this is with single person allowance taken off
Electricity............................. 50 - this is the lowest british gas will do
Gas..................................... 50 - this is lowest bristish gas will do
Oil..................................... 0
Water rates............................. 50 - this includes £388.88 debt
Telephone (land line)................... 24.99 - this includes free international calls to my mum in america
Mobile phone............................ 25 - lowest i can get for calls and text required
TV Licence.............................. 17
Satellite/Cable TV...................... 49 - this is going down to £44 in november lowest sky can do
Internet Services....................... 20
Groceries etc. ......................... 100 - includes 1 cat 1 kitten
Clothing................................ 10 - this is a everage over a year as my weight is yo yo
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 49 - bus transport
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 15 - for 2 cats lifetime insurance + excess
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 10 - required for medicall problems
Other insurance......................... 13 - legal requirement from landlord
Presents (birthday, christmas etc)...... 10 - this is over a year totaling £120 a year due to having nearly 50 birthdays a year
Haircuts................................ 3 - have 3 haircuts a year £18 a time
Entertainment........................... 30 - this includes meals out for birthdays
Emergency fund.......................... 10 - thougth this would be a good idea
Total monthly expenses.................. 1285.99

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
council tax....................888.......100........0
council tax....................240.......60.........0
gas............................51........51........0
Total unsecured debts..........1179......76........-

Monthly Budget Summary
Total monthly income.................... 1,054.32
Expenses (including HP & secured debts). 1,305.99
Available for debt repayments........... -251.67
Monthly UNsecured debt repayments....... 76
Amount short for making debt repayments. -307.67
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -1,179
Net Assets.............................. -1,179
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

DVardysShadow

Could you expalin the major changes as you see them between this and your first SoA? I can see your rent has doubled.

kirstyjessen

my rent has doubled as now living alone in a 2 bed house and no longer going to be sharing my disability reduced as no carer and some outstanding benefit payments to coucil being taken out of my benefit each month bringing it down to £100 per month pet insurance gone up by £6 as changed from accident insurance to lifetime insurance hair cuts gone up by £1 due to price increase to £18 at hair dressers.