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Help with SOA please

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Hi, could any of you make any comments about my soa? does this seem reasonable? or anything I'm not allowed?


Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details

Monthly income after tax................ 2151
Partners monthly income after tax....... 0
Benefits................................ 130
Other income............................ 0
Total monthly income.................... 2281


Monthly Expense Details

Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 825
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 30
Gas..................................... 35
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 17
Internet Services....................... 0
Groceries etc. ......................... 280
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 31
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 113
Childcare/nursery....................... 545
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 2299


Assets

Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 850
Other assets............................ 0
Total Assets............................ 850


No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
combined debts.................45494.....0.........0
Total unsecured debts..........45494.....0.........-


Monthly Budget Summary

Total monthly income.................... 2,281
Expenses (including HP & secured debts). 2,299
Available for debt repayments........... -18
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -18

Personal Balance Sheet Summary
Total assets (things you own)........... 850
Total HP & Secured debt................. -0
Total Unsecured debt.................... -45,494
Net Assets.............................. -44,644
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Comments

  • JCS1
    JCS1 Posts: 5,335 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Looks good to me, just two thing - emergency fund usually not allowed, an what's the other travel?
  • fatbelly
    fatbelly Posts: 22,972 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Sky TV should go too

    Expenses needs to be less than income in any case.

    Apart from those minor comments, good job!
  • hunt85
    hunt85 Posts: 332 Forumite
    Part of the Furniture Combo Breaker
    Just jumping on the bandwagon here! what are the maximums of each thing? so i can get a idea on my own SOA? when i spoke to CCCS she changed a couple of things as they were over the "maximum" so i just wondered. What things are not allowed apart from sky etc as mentioned above.
  • kepar
    kepar Posts: 1,297 Forumite
    He may question the rent, is that average for your area?
  • fatbelly
    fatbelly Posts: 22,972 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    hunt85 wrote: »
    Just jumping on the bandwagon here! what are the maximums of each thing? so i can get a idea on my own SOA? when i spoke to CCCS she changed a couple of things as they were over the "maximum" so i just wondered. What things are not allowed apart from sky etc as mentioned above.

    The technical manual has some guidance here
  • Thanks for your replies, yeah that is average rent for the area and thats only for a two bedroom flat!
    have cancelled my sky contract now so will delete that from SOA now, The other travel is my annual seaon ticket for train to get to work. Is there anywhere else I can increase to put the emergency £20?
  • kepar
    kepar Posts: 1,297 Forumite
    Playing devil's advocate for a moment , if you use the train for work why do you need a car?
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    Presents birthdays etc wont be allowed either....along with sat tv/cable

    Internet is only usually allowed for school/work use
    We all die. The goal isn't to live forever, the goal is to create something that will
  • I have to drive my daughter to childcare which is a good few miles away and then have to drive to station. do you think they will make me sell my car? I thought if it was worth less than a £1000 they would let you keep it?
  • you are allowed to put some in holiday fund
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