SOA Help/Advice - 'Outgoings'

chipdouglas

At this current time i am filling my forms out ready for court. I have got to section 7 'outgoings' and could do with some advice.

Myself and my wife are going BR so we both have to fill out individual forms. However should the 'outgoings' part be the same for both or not?

I am working on the basis that it should and these are our outgoings -

Rent:- £500
Housekeeping:- £360
Gas/Electric:- £91
Water:- £33
Telephone:- £47.99
Travelling:- £250 (Yes its a lot but that’s what the petrol alone cost me in 1 month! :mad:)
Clothing:- £0
Maintenance:- £0
Council tax:- £119 (Hopefully it wont go up!)
Others:- £45 Car insurance, £11 Car Tax, £12 Contents insurance, TV Licence £12.12 and Prescriptions £7.20

I bring in an average of £1270 a month and my wife on ESA contribution based £63.00 *a week*

Should i fill in the blanks?
Have i missed anything out?
Are certain items too much £?

Any help greatly appreciated.

tigerfeet2006

Can you do me a favour and fill out this SoA so we can see how it is spread out.
http://www.makesenseofcards.com/soacalc.html

Format to MSE and then C&P onto the thread.

Is your OH likely to be on ESA for a while?

kepar

ON a quick tot up you are over spending by at least £150 a month, how are you going to manage with no credit?

chipdouglas

kepar wrote: »

ON a quick tot up you are over spending by at least £150 a month, how are you going to manage with no credit?

Ahh yes, i have edited it, it's 63.00 a week

chipdouglas

tigerfeet2006 wrote: »

Can you do me a favour and fill out this SoA so we can see how it is spread out.
http://www.makesenseofcards.com/soacalc.html

Format to MSE and then C&P onto the thread.

Is your OH likely to be on ESA for a while?

Yes, she is going to be on ESA for around 13/14 weeks before she gets a medical assessment.

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1270
Partners monthly income after tax....... 273
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1543

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 119
Electricity............................. 45.5
Gas..................................... 45.5
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 13
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 17.49
Internet Services....................... 17.5
Groceries etc. ......................... 360
Clothing................................ 0
Petrol/diesel........................... 250
Road tax................................ 11
Car Insurance........................... 45
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1498.19


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

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 1,543
Expenses (including HP & secured debts). 1,498.19
Available for debt repayments........... 44.81
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 44.81

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

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

tigerfeet2006

Is it just the 2 of you or do you have children?

chipdouglas

Just two adults and 3 cats

property.advert

Seems as though you've missed off debts and assets and how you service your liabilities.

tigerfeet2006

chipdouglas wrote: »

Yes, she is going to be on ESA for around 13/14 weeks before she gets a medical assessment.

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1270
Partners monthly income after tax....... 273
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1543

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 119
Electricity............................. 45.5
Gas..................................... 45.5
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 13
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 17.49 not allowed on the SoA must come from surplus.
Internet Services....................... 17.5 ditto unless needed for work
Groceries etc. ......................... 360 £380
Clothing................................ 0 £60
Petrol/diesel........................... 250 start keeping your reciepts so you can prove this. This is incredibly high.
Road tax................................ 11
Car Insurance........................... 45
Car maintenance (including MOT)......... 10 £30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2 £20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0 £20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0 £20
Total monthly expenses.................. 1498.19


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

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 1,543
Expenses (including HP & secured debts). 1,498.19
Available for debt repayments........... 44.81
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 44.81

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

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

Have a play with those figures but make sure you balance.

chipdouglas

tigerfeet2006 wrote: »

Have a play with those figures but make sure you balance.

Thanks for that. The petrol is a bit OTT but i'm doing a round trip of 90miles a day just to get to work.

Does it matter if the amount is actually more then our income? Do i have to get it to match spot on or have a small amount left over?

property.advert Seems as though you've missed off debts and assets and how you service your liabilities.

I didn't think i would need to include these as i am going B/R?

Tupperware_Queen

you have to show that after going BR you can manage your finances. You must have at least as much coming in as going out, otherwise how would BR help.

I'm not trying to be rude, just pointing out what the judge would say

you don't have to make it perfect, in fact, that might look suspicious