My SOA - more going out than coming in!

de1amo

Did i miss it or was there nothing allowed for home maintenance--i live in a self managed freehold and it costs me 55 quid a month to build a sinking fund towards the costs involved in home ownership--external painting etc-it must be accounted because its on the biggest asset--the upkeep of!

maggiemay54

Do you have a "Riding for the Disabled" near you? It would be an idea to contact them to try and arrange for your child to attend.

Tigger-Roo

pimento wrote: »

Yes. It's called Freesat and it's what we have. We just called Sky and cancelled (be prepared for them to try to talk you into staying). Once the service was cancelled, the box and dish still picked up the free channels (and there are more than you think).

It was the best thing we ever did.

Thank you that's great news. We have discussed and are going onto Freeview, so we'll cancel with Sky tomorrow.

Tigger-Roo

Willbedebtfree1day wrote: »

HI Just wanted to reply regarding the free school dinners, we are currently on benefits the same as you and have just got free school dinners for dd and ds. My tax credit paperwork showed working tax credits had been paid this tax year but also that it had stopped being paid now so we could now claim. I had to get the form from the school office, filled it in and the lovely secretary there copied some pages and told me there and then that we qualified. It is a real help and now the children have a hot dinner lunch time, they can have something smaller for tea.

Hope this helps and good luck claiming.

Thank you so much for this. You guys have been wonderful.

Tigger-Roo

de1amo wrote: »

Did i miss it or was there nothing allowed for home maintenance--i live in a self managed freehold and it costs me 55 quid a month to build a sinking fund towards the costs involved in home ownership--external painting etc-it must be accounted because its on the biggest asset--the upkeep of!

Husbands £200 was going towards this, but we are going to pool our resources and do a new budget. Watch this space, so to speak.

Tigger-Roo

maggiemay54 wrote: »

Do you have a "Riding for the Disabled" near you? It would be an idea to contact them to try and arrange for your child to attend.

No we don't. We have looked into this but the nearest is 90 miles away and not do-able on a weekly basis. The school we have chosen is good, and the instructor experienced in disabled children and their needs so we are lucky in that respect.:)

kazwookie

Tigger-Roo

Glad to hear you and your OH are now working together on this, good luck with the new budget.

Tigger-Roo

Okay new budget here:

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 200
Benefits................................ 1178
Other income............................ 0
Total monthly income.................... 1378

Monthly Expense Details
Mortgage................................ 87
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 47
Gas..................................... 54
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 14
Mobile phone............................ 24
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 14
Groceries etc. ......................... 200
Clothing................................ 10
Petrol/diesel........................... 40
Road tax................................ 12
Car Insurance........................... 31
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 19
Life assurance ......................... 89
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 10
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 10
gym..................................... 13
Club Penguin............................ 4
Weight Loss Club........................ 10
Equine Assisted Activity................ 80
School Dinner Money..................... 40
Mortgage Protection Insurance........... 26
Health Insurance........................ 12
Boiler Breakdown Cover.................. 21
Total monthly expenses.................. 1126


Assets
Cash.................................... 0
House value (Gross)..................... 180000
Shares and bonds........................ 0
Car(s).................................. 350
Other assets............................ 0
Total Assets............................ 180350


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 64935....(87).......1.5
Total secured & HP debts...... 64935.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
MBNA CC........................5368......85........15
BoS Loan.......................2212......148.......6.4
Barclaycard CC.................7334......0.........24.9
Overdraft......................1400......10........0
Total unsecured debts..........16314.....243.......-


Monthly Budget Summary
Total monthly income.................... 1,378
Expenses (including HP & secured debts). 1,126
Available for debt repayments........... 252
Monthly UNsecured debt repayments....... 243
Amount left after debt repayments....... 9

Personal Balance Sheet Summary
Total assets (things you own)........... 180,350
Total HP & Secured debt................. -64,935
Total Unsecured debt.................... -16,314
Net Assets.............................. 99,101

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

Tigger-Roo

Now that is looking much better. £9 left over is not much for the purse to hold over a month but it's better than the deficit we had.

I still need to look at the life assurance as that is too high, was checking into it today. Need to open a Quicko account.

Also awaiting forms for Council Tax Benefit and I'll enquire about school meals.

Sky say we have to give a months notice to cancel, but it will be switched off from 11 December.

Also Mortgage protection kicks in from December. Just think, I'll be able to wack that against the overdraft and the credit cards.

Oh and I have an interview for a job next week. I feel so much better than I did yesterday.

gemini12

I may be talking rubbish but it may be worth going to CAB to ensure you are getting all the benefits you are entitled to. As you have probably found out no one will tell you about them you have to ask.