new soa

the_boy_with_no_name

changed my 'lightbuld' & it's working again, so thought i'd post a new soa.
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 800
Benefits................................ 100
Other income............................ 0
Total monthly income.................... 2700
Monthly Expense Details
Mortgage................................ 438
Secured/HP loan repayments.............. 330
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 99
Electricity............................. 60
Gas..................................... 70
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 10
Satellite/Cable TV...................... 30
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 0
Petrol/diesel........................... 150
Road tax................................ 0
Car Insurance........................... 35
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20
Buildings insurance..................... 13
Contents insurance...................... 0
Life assurance ......................... 29
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
dance classes...............................80. Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1564

Assets
Cash.................................... 0
House value (Gross)..................... 120000
Shares and bonds........................ 0
Car(s).................................. 13000
Other assets............................ 0
Total Assets............................ 133000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 73500....(438)......0
Hire Purchase (HP) debt ...... 14000....(330)......0
Total secured & HP debts...... 87500.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
barclycard.....................2000......50........19
clydesdale card................2600......60........27
next...........................900.......80........26
argos..........................390.......16........29.9
river island...................225.......10........24
Total unsecured debts..........6115......216.......-

Monthly Budget Summary
Total monthly income.................... 2,700
Expenses (including HP & secured debts). 1,564
Available for debt repayments........... 1,136
Monthly UNsecured debt repayments....... 216
Amount left after debt repayments....... 920
Personal Balance Sheet Summary
Total assets (things you own)........... 133,000
Total HP & Secured debt................. -87,500
Total Unsecured debt.................... -6,115
Net Assets.............................. 39,385
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

note, dance classes & mobile phone is paid by the grandparents.

all feedback appriciated

lvm

Do you actually have £920 left over at the end of every month and what are you actually doing with it? You should be completely debt free in about 6 months if you used this to put towards your debts.

Try using http://www.whatsthecost.com/snowball.aspx

Your costs look reasonable but you will want to add in something for car tax/maintenance unless someone else pays this for you?

the_boy_with_no_name

thats what i thought, but were always living hand to mouth.

going to write down everything i spend this month & see where it is going.

with regards car tax, that is my xmas present from my parents every year.

nextyeartina

http://www.spendingdiary.com/

feel lost without this now

tina x

saffronflowers

the_boy_with_no_name wrote: »

changed my 'lightbuld' & it's working again, so thought i'd post a new soa.
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 800
Benefits................................ 100
Other income............................ 0
Total monthly income.................... 2700
Monthly Expense Details
Mortgage................................ 438
Secured/HP loan repayments.............. 330
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 99
Electricity............................. 60
Gas..................................... 70
Oil..................................... 0
Water rates............................. 0 Why no water bills?
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 10
Satellite/Cable TV...................... 30
Internet Services....................... 0
Groceries etc. ......................... 250 Quite high for 4 people, could be reduced,
Clothing................................ 0 No clothes even for the kids?!
Petrol/diesel........................... 150
Road tax................................ 0 ??
Car Insurance........................... 35
Car maintenance (including MOT)......... 0 ??
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0 School trips, lunches etc
Medical (prescriptions, dentist etc).... 0 ??
Pet insurance/vet bills................. 20
Buildings insurance..................... 13
Contents insurance...................... 0 This is a necessity however much you think it is a luxury
Life assurance ......................... 29
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 ??
dance classes...............................80. Entertainment........................... 0 ??
Holiday................................. 0
Emergency fund.......................... 0 ??
Total monthly expenses.................. 1564

Assets
Cash.................................... 0
House value (Gross)..................... 120000
Shares and bonds........................ 0
Car(s).................................. 13000
Other assets............................ 0
Total Assets............................ 133000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 73500....(438)......0
Hire Purchase (HP) debt ...... 14000....(330)......0
Total secured & HP debts...... 87500.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
barclycard.....................2000......50........19
clydesdale card................2600......60........27
next...........................900.......80........26
argos..........................390.......16........29.9
river island...................225.......10........24
Total unsecured debts..........6115......216.......-

Monthly Budget Summary
Total monthly income.................... 2,700
Expenses (including HP & secured debts). 1,564
Available for debt repayments........... 1,136
Monthly UNsecured debt repayments....... 216
Amount left after debt repayments....... 920
Personal Balance Sheet Summary
Total assets (things you own)........... 133,000
Total HP & Secured debt................. -87,500
Total Unsecured debt.................... -6,115
Net Assets.............................. 39,385
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

note, dance classes & mobile phone is paid by the grandparents.

all feedback appriciated

Hi there I have just quickly highlighted some initital thoughts, as the poster above said it must be going somewhere, so a spending diary is great it will work out where the missing money is going.

SFx