The future WILL be bright . . .

TotallyInzane

Hovel_lady wrote: »

I see lots of beer on the spending diary :rotfl:
And a trip to the pub.

I'm afraid it's my 'little' treat/vice (which ever way you want to look at it) at weekends :rotfl:

Normally I brew my own beer at home, therefore it's ALOT cheaper than buying from the shop, but I miss-judged the swap over gap between brews this time, meaning I had to buy some! As my latest brew won't be ready until 1st Aug now

The trip to the pub was a moment of self indulgence, as I had been trapsing around town on errands for the wedding, so I thought I deserved a swift visit to my favorite watering hole :rotfl:

TotallyInzane

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1763
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1763

Monthly Expense Details
Mortgage................................ 225
Secured/HP loan repayments.............. 0
Rent.................................... 566
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 288
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 21.95
Life assurance ......................... 26.63
Other insurance......................... 27.4
Presents (birthday, christmas etc)...... 25
Haircuts................................ 0
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1239.98


Assets
Cash.................................... 0
House value (Gross)..................... 95000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 1200
Total Assets............................ 96200


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 90000....(225)......3.5
Total secured & HP debts...... 90000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................21750.....473.......16.9
Tesco Credit Card..............138.......10........18.9
overdraft......................150.......20........18.9
Total unsecured debts..........22038.....503.......-


Monthly Budget Summary
Total monthly income.................... 1,763
Expenses (including HP & secured debts). 1,239.98
Available for debt repayments........... 523.02
Monthly UNsecured debt repayments....... 503
Amount left after debt repayments....... 20.02

Personal Balance Sheet Summary
Total assets (things you own)........... 96,200
Total HP & Secured debt................. -90,000
Total Unsecured debt.................... -22,038
Net Assets.............................. -15,838

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

I'm convienced I've missed something along the way here & also the APR's are the best I can do from memory.

I'm aware I've left out groceries, water, engergy etc. these are all budgetted for within our joint account, which I've accounted for in the 'rent' coloum. My commute is currently by train, although this is likely to change next month, at which point I shall need to re-do my SOA to inc. costs associated with running the car myself.

Any advice is more than welcome - so all please have a look over & see what I'm missing, could improve on etc.

Hovel_lady

TotallyInzane wrote: »

I'm afraid it's my 'little' treat/vice (which ever way you want to look at it) at weekends :rotfl:

Normally I brew my own beer at home, therefore it's ALOT cheaper than buying from the shop, but I miss-judged the swap over gap between brews this time, meaning I had to buy some! As my latest brew won't be ready until 1st Aug now

The trip to the pub was a moment of self indulgence, as I had been trapsing around town on errands for the wedding, so I thought I deserved a swift visit to my favorite watering hole :rotfl:

Nothing wrong with treats or vices as long as they don't get you in debt :rotfl:
We are lucky to have a brew shop here which is excellant. There don't seem to be that many around anymore.

Hovel_lady

It might be helpful to me and others if you list what comes under the "rent" column. They are the things where you might be able to cut down or get a better deal but without knowing what you're spending on gas or groceries or whatever it's difficult to say.

TotallyInzane

Hey all - just a quick note as on my way off to bed . . .

Yesterday was a NSD :j

Todays Spending record follows:

£5.34 Birthday present for Mum
£114.02 Payment to T*sco C/C
£1.10 Coffee filters (joint C/Acc)

I will look into & provide further details from my SOA tomorrow - hopefully, as long as I don't get to caught up in wedding planning!!!

Hope everyone has had a good day & look forward to catching up on all your diaries tomorrow

chevalier

My comments are noted in blue below.

TotallyInzane wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1763
Partners monthly income after tax....... 0 Can OH get a job? This would help the situation immensely. Or if she is long term unemployed can she retrain to be in a better position to get a job?
Benefits................................ 0
Other income............................ 0 If OH has no work currently, could she sign up for mystery shopping sites, do surveys online etc?
Total monthly income.................... 1763

Monthly Expense Details
Mortgage................................ 225
Secured/HP loan repayments.............. 0
Rent.................................... 566 As others have mentioned, lumping this all in together, doesn't give you clues as to where you can save. For example If your groceries were £400 and your other bills £166, then I would suggest that your grocery bill is too high. Conversely if your grocery bill is £100 and your utilities £466, then I would suggest that you would need to switch utility providers.
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 0Is this included in the 'rent' above?
Satellite/Cable TV...................... 0And this too?
Internet Services....................... 0And this too?
Groceries etc. ......................... 0
Clothing................................ 0You both spend nothing on clothins AT ALL what about wedding dress and morning suit if nothing else?
Petrol/diesel........................... 0?
Road tax................................ 0?
Car Insurance........................... 0? No car at all?
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 288
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0Again none at all? Not even prescriptions?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0No or is it included with the contents insurance?
Contents insurance...................... 21.95 if this is JUST contents insurance, then this is pretty high, would pay to shop around.
Life assurance ......................... 26.63
Other insurance......................... 27.4 What is this for? Can you get it cheaper?
Presents (birthday, christmas etc)...... 25
Haircuts................................ 0 Does this mean you both have really long hair then? What about OH hair do for the wedding
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1239.98


Assets
Cash.................................... 0
House value (Gross)..................... 95000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 1200
Total Assets............................ 96200


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 90000....(225)......3.5
Total secured & HP debts...... 90000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................21750.....473.......16.9OUCH that is a very high rate of interest. Can you get this cheaper? Can you sell anything to help pay this down?
Tesco Credit Card..............138.......10........18.9
overdraft......................150.......20........18.9
Total unsecured debts..........22038.....503.......-


Monthly Budget Summary
Total monthly income.................... 1,763
Expenses (including HP & secured debts). 1,239.98
Available for debt repayments........... 523.02
Monthly UNsecured debt repayments....... 503
Amount left after debt repayments....... 20.02

Personal Balance Sheet Summary
Total assets (things you own)........... 96,200
Total HP & Secured debt................. -90,000
Total Unsecured debt.................... -22,038
Net Assets.............................. -15,838

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

I hope that the above suggestions help. You can get an accurate rate for things by taking the average of credit card and current account statements for 3 months for each category.

good luck with paying down the debt, and hope you have a lovely wedding.

chev

TotallyInzane

Hi Chevalier, thanks for popping by & looking at my SOA.

This SOA is solely mine, not inc. my OH, that is why there is no details in partners income etc. I wanted to produce a SOA solely for myself, so I knew where I stood before I tackle any further debts etc as a couple.

The 'rent' field is what I pay into our joint account monthly to service the household bills & grocceries etc. However this figure is actually £611 per month (just had monthly payments change .

Perhaps I should start again, as I'm questioning all of my figures/workings now! :think: Infact looking back at my SOA now I REALLY DO need to do it again!

I will breakdown the fields you highlighted below, hopefully on my lunch break, & also do a 'joint' SOA, which I'll post on here as well, hopefully this weekend.

Thanks in advance

- Got the blues today & not thinking 100% straight, think will leave this for the time being until can give it the attention it deserves (i.e. not while at work) & go through it all properly!

I've got feelings of serious frustration & helplessness this morning, doesn't help with having a poor nights sleep & other issues nibbling away at back of my mind. Oh hum.
Well off to the grind stone I must go . . .

Hovel_lady

You may have this book if which case sorry but if not you might enjoy this.

Brewing beers like those you buy by Dave Line

Grain bag
To make one buy your wife/girlfriend a box of chocolates and ask her to do it for you! :rotfl::rotfl::rotfl:

The book is excellent according to my OH so do get a copy if you haven't already.

Well done on your NSD.
How are you today? x

TotallyInzane

Hi HL

Thanks for book suggestion, I haven't read it, so will track it down & get my nose stuck in

I'm feeling a lot better today thanks, although did get rather peeved off near the end of the day due to my work college :mad: but now I'm home, all relaxed again

Glad to hear the Hovel dog is feeling better, my two puddy cats say hi to the Hovel Dog

Got the house to myself this weekend, as it's my OH's Hen weekend, so got the tv remote & sofa to myself :j unfortunately got to work tomorrow, so can take full advantage, but watch this space as I try my best :rotfl:

Daily Spending Record:
£5.89 - T*sco: Alcohol supplies for weekend :beer:

Right off to check the dinner in the oven (don't fancy burnt food tonight) & then to relax in front of the TV

I hope you've had a great Friday (sorry haven't properly managed to catch up with everyone's diaries yet!) & here's to the weekend :beer:

Hovel_lady

Enjoy your beer & sofa :beer:
Hovel dog nips in to say "Howdy puddy cats. Woof".