The best ever SOA?

Zulu_Dawn

My friend is in a right fix.

I need to show him a really good SOA so that he can undertsand the concept and do one himself. I would like it to be a real one, showing quite good income and the costs of an entire family with children and lots of debt as well as some useful advice. Not too long though. He has the attention span of a rabbit.

Can anyone point me in the right direction.

Thanks ever so much.

I will honour the one I choose by adding it to my signature with the phrase

"Thanks to "XXXXX" for giving me the best SOA in the business!

Nominations please.

Thank you very much in advance.


ZD

themaccas

I've never done one before but I'll give it a go if you like?

themaccas

Ok here is the maccas SOA for the very first time!

Monthly Incomings:

My salary (part time)- £1,650.00
Partners salary (full time) - £2235.00
Child Benefits - £164

Total - £4049.00

Monthly Outgoings (FAMILY OF 5):

Mortgage/Rent - £440 (also married quarter rent deducted from OH pay)
Council Tax - £110
Gas - £50
Electric - £35.00
TV Licence - £10.99
Top up TV £7.99
Phone - £15.00
Food - £280.00
Car Insurance - £42.00
Petrol - £200.00
Professional subs £16.00
Buildings Ins £25.00
Contents Ins £26.00
British Gas Insurance £25.91
Broadband £15.99
Mobile phones £65 (I know it's far too high)
OH mess bill £25
Birthdays £20.00
Car tax £25.00
Car maintainance £55.00
Savings plan £250.00
Halifax £132.80
Haircuts (for all family of 5) £40.00
Birthdays £20.00
Xmas £20.00
Clothes and shoes £40.00
Pocket money (us and kids) £100
School fees £250 (OH in forces and they pay 90% private school fees)
Nursery fees £300.00

Total: £2642.68:eek:

AMEX OH – Balance £5515.69 APR 4.9% lifetime balance MONTHLY £150,00 (overpay by £20)
AMEX me - Balance £5487.62 APR 4.9% lifetime balance MONTHLY £150.00 (overpay by £20
Sainburys CC Balance £5065.70 APR 5.9% Lifetime balance MONTHLY £745.00 (overpay by £620)

Northern Rock loan– Balance £1905.53 APR 6.9% Length of term 24 months, 11 months to go MONTHLY £178.60

First NAtional sofas - Balance 966.60 APR 0% Length of term 48 months 18 months to go MONTHLY £53.70

Total Monthly debt payments £1277.30

TOTAL DEBT £18686.40:eek:

£2642.68 + £1277.30 = £3919.98

INCOME £4049.00 - OUTGOINGS £3919.98 = SPARE £129.02:j

Also get a rental income which I haven't included in our figures as it varies because we need to pay tax and use it for little repairs and things but on average it's around £900 and some of this has helped us overpay our debts a lot over the year.