Help with outgoings

jenniferross

I live in Scotland, have been declared bankrupt two weeks ago which i applied for myself and it was granted. I have my phone interview on Thursday and i have been asked to put a list of my outgoings together. I live with a friend in her council flat. I am only classed as a lodger on her tenancy. Below is what i pay out, does this look acceptable??

I earn £306 per week after tax, no other incomings. The only thing i own is my car which is worth £900.

Rent - £130 per week which includes, TV license, council tax, water, gas&electricity

Food - £40 per week

Clothes £5 per week

Mobile phone - £5 per week

Car insurance - £15 per week

Petrol - £25 per week

Road tax - £15 per week

Car maintenance (mot etc) £5 per week

Are there any other things i would be allowed to add in?

confused76

http://www.makesenseofcards.com/soacalc.html

hi there have a go at filling this out...once completed, format for mse and copy and paste here, and ew can take a look at it for you

jonliv

jenniferross wrote: »

I live in Scotland, have been declared bankrupt two weeks ago which i applied for myself and it was granted. I have my phone interview on Thursday and i have been asked to put a list of my outgoings together. I live with a friend in her council flat. I am only classed as a lodger on her tenancy. Below is what i pay out, does this look acceptable??

I earn £306 per week after tax, no other incomings. The only thing i own is my car which is worth £900.

Rent - £130 per week which includes, TV license, council tax, water, gas&electricity

Food - £40 per week

Clothes £5 per week

Mobile phone - £5 per week

Car insurance - £15 per week

Petrol - £25 per week

Road tax - £15 per week

Car maintenance (mot etc) £5 per week

Are there any other things i would be allowed to add in?

I was allowed £230 pm for food and toiletries £29pm for clothing £16 for dental/prescriptions
£10 per month for hairdresser £16 for entertainment and £11 for emergencies

Also £35pm for moby and £10 internet

Best to do you income and expenditure per month
I am Br in Scotland too

jenniferross

Amount (£) Monthly Income (after tax) Partner's Monthly Income Benefits Other Income (e.g. maintenance payments)
Enter your monthly expenditureAmount (£) Mortgage payment (from secured debt table below) Secured/HP loans (from secured debt table below) Rent Management Charge (e.g. on leasehold property) Council Tax Electricity Gas Oil Water Rates Telephone (land line) Mobile Phone TV Licence Satellite/Cable TV Internet Services Groceries etc. Clothing Petrol/Diesel Road Tax (car) Car Insurance (including breakdown cover) Car Maintenance (including MOT) Car Parking Other Travel Childcare/Nursery Other child related expenses Medical (prescriptions, dentists, opticians etc.) Pet Insurance/Vet bills Building Insurance Contents Insurance Life Assurance Other Insurance Presents (birthday, christmas etc.) Haircuts Entertainment Holiday Household Emergency Fund (e.g. for repairs)
Enter SECURED debts and Hire Purchase (HP) debtsEnter ALL your mortgage, secured and HP debt details here.
Debt description </SPAN>Debt (£) </SPAN>Monthly payment (£) </SPAN>Annual Rate (%) </SPAN>Mortgage Secured debt Hire Purchase (HP)
Enter your UNsecured Debts e.g. credit cardsDebt description </SPAN>Debt (£) </SPAN>Min Pay (£) </SPAN>Annual Rate (%) </SPAN>

Enter the value of your assetsAsset Value (£) Cash House value (gross) Shares & bonds Car(s) Other assets (e.g. endowments, jewellery)
Additional InformationOptional information, but very useful for anyone reviewing your SOA.
Number of adults in household Number of children in household Number of cars owned
Main functions...

Format results for discussion boards (optional)

jenniferross

Ignore that last one, it didnt work! Will try again

jenniferross

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1224
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1224
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 520
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160
Clothing................................ 20
Petrol/diesel........................... 100
Road tax................................ 14.33
Car Insurance........................... 61
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 965.33

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,224
Expenses (including HP & secured debts). 965.33
Available for debt repayments........... 258.67
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 258.67

jenniferross

Thanks Johnliv, did you have to show proof of all your outgoings?

broxiebear1

jenniferross wrote: »

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1224
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1224
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 520
Management charge (leasehold property).. 0
Council tax............................. 0 no council tax
Electricity............................. 0 no elect
Gas..................................... 0 same
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 0 dont you have a tv
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160 is that for 2
Clothing................................ 20
Petrol/diesel........................... 100
Road tax................................ 14.33
Car Insurance........................... 61
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 0 i heard you can claim this
Total monthly expenses.................. 965.33

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,224
Expenses (including HP & secured debts). 965.33
Available for debt repayments........... 258.67
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 258.67

i have put questions on soa BUT IN NO EXPERT lol someone more experianced will help

jenniferross

I live with a friend in her flat and the rent i give her covers all the bills, i.e. gas and electricity, tv license and council tax. I spend about forty pounds a week on food and toileteries, does that seem a lot?

broxiebear1

jenniferross wrote: »

I live with a friend in her flat and the rent i give her covers all the bills, i.e. gas and electricity, tv license and council tax. I spend about forty pounds a week on food and toileteries, does that seem a lot?

no lol i hope to claim £400 a month for me and the wife

jonliv

jenniferross wrote: »

Household Information[/b]
Number of adults in household........... 2 only you ??
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1224
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1224
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 520 £560
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 20 AiB allowed £30
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160 AiB allowed £230
Clothing................................ 20 £29
Petrol/diesel........................... 100 £110
Road tax................................ 14.33
Car Insurance........................... 61 ???? seems expensive might ask to see policy
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 0 £11
Total monthly expenses.................. 965.33

My case worker did not ask for receipts He promted me with amounts for clothing ,entertainment and an emergency fund

Remember to multiply your weekly figure by 52 and devide by 12 gives you the monthly figure

You will probably get an IPA with the amount of surplus you have tho its still good to have the stress lifted

Jono