groceries on soa (updated with soa)

likabu_2

Hi,

After some advice on groceries for an adult and 2 children to put on my soa - what will I be allowed? Recently we have been scrimping week to week on the bare minimum but as I am going bankrupt I would like to put a sustainable amount.

Thanks
L

debtinfo

what would be a sustainable amunt for your family

likabu_2

A fair bit more than $40 to $50 (in pounds, not sure where my pound sign has disappeared to) we have been trying to live on. I dont particularly want to carry on serving beans on toast and egg on toast and main meals on a day to day basis. Not bad for once a week but Im concernned for childrens health too.

L

Queen

Hi, me & my hubby went BR in Nov 2008, we were allowed £600 per month for 2 adults and 2 teenage boys, hope this give's you and idea, if they think you have put to much they will restrict, best to put to much than not enough as you cann't increase this after, so perhaps but £400 for 1 adult and 2 children, I'm sure someone else will come along and give an idea xxx

ontheroad_2

likabu you should post up your whole SOA for bankruptcy, start a new thread on this forum for it, and folk here will let you know if its reasonable for bankruptcy.

likabu_2

Its all a bit scary :-( I'll see if I can do a soa and add it to this thread.

Thanks
L

likabu_2

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....................
Monthly Income Details
Monthly income after tax................ 1049
Partners monthly income after tax....... 0
Benefits................................ 984
Other income............................ 238
Total monthly income.................... 2271
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 124
Rent.................................... 495
Management charge (leasehold property).. 0
Council tax............................. 64
Electricity............................. 48
Gas..................................... 48
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 55
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 400
Clothing................................ 90
Petrol/diesel........................... 130
Road tax................................ 20
Car Insurance........................... 60
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 350
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 5
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 2149

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 3200.....(124)......0
Total secured & HP debts...... 3200......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
All added together.............20000.....650.......0
Total unsecured debts..........20000.....650.......-

Monthly Budget Summary
Total monthly income.................... 2,271
Expenses (including HP & secured debts). 2,149
Available for debt repayments........... 122
Monthly UNsecured debt repayments....... 650
Amount short for making debt repayments. -528
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -3,200
Total Unsecured debt.................... -20,000
Net Assets.............................. -23,200
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

likabu_2

Anyone? :-)

JCS1

likabu 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....................
Monthly Income Details
Monthly income after tax................ 1049
Partners monthly income after tax....... 0
Benefits................................ 984
Other income............................ 238
Total monthly income.................... 2271
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 124
Rent.................................... 495
Management charge (leasehold property).. 0
Council tax............................. 64
Electricity............................. 48
Gas..................................... 48
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 55
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10 You may need to prove essential for work/school
Groceries etc. ......................... 400
Clothing................................ 90
Petrol/diesel........................... 130
Road tax................................ 20
Car Insurance........................... 60
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 350
Other child related expenses............ 50 Usually one after school activity per child, so maybe slightly high
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 5
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 2149

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 3200.....(124)......0
Total secured & HP debts...... 3200......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
All added together.............20000.....650.......0
Total unsecured debts..........20000.....650.......-

Monthly Budget Summary
Total monthly income.................... 2,271
Expenses (including HP & secured debts). 2,149
Available for debt repayments........... 122
Monthly UNsecured debt repayments....... 650
Amount short for making debt repayments. -528
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -3,200
Total Unsecured debt.................... -20,000
Net Assets.............................. -23,200
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Few comments, but nothing major. See what other people think too.

kepar

You are making secured loan payments, but don't have a mortgage. Is it for a car?

likabu_2

kepar wrote: »

You are making secured loan payments, but don't have a mortgage. Is it for a car?

Yes it's for the car on hp - I imagine that will be going shortly after br so i will have an extra $124 surplus as I am going to be using a runaround.

I was thinking the child expenses was slightly amibitious I will amend that - I am surprised but pleased that the grocery amount is looking feasible.

Thanks
L