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elsiepac

Hi, comments below:

natlai wrote: »

Hi All,

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 3
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 979
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 979 can you look at getting a part time/night job to supplement this?

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 228
Rent.................................... 100 wow your parents are generous, I can't believe this includes food!!!
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 15
Mobile phone............................ 80 This is absolutely shockingly high! If you've been in your contract more than about 6 months and you're with one of the big five, you should be able to reduce/amend your tariff without affecting contract end date. Go through your bills and work out why this is so high. If it's internet browsing/data usage for example, just stop. Use the internet. It's not worth this cost. You need a contract which actually works for you with what it includes.
TV Licence.............................. 0
Satellite/Cable TV...................... 90 I don't understand why you pay and also why on earth it's so high?
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 40
Road tax................................ 2
Car Insurance........................... 30
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 never?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0 never?
Entertainment........................... 0 never?
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 615


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 14000
Other assets............................ 0
Total Assets............................ 14000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 14000....(228)......9
Total secured & HP debts...... 14000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Very...........................5000......220.......49
Next...........................1100......110.......29
Halifax........................500.......26.18.....27
Barclaycard....................828.......20.7......28
Capital one....................200.......7.16......31
Vanquish.......................500.......22.63.....39
Total unsecured debts..........8128......406.67....-


Monthly Budget Summary
Total monthly income.................... 979
Expenses (including HP & secured debts). 615
Available for debt repayments........... 364
Monthly UNsecured debt repayments....... 406.67
Amount short for making debt repayments. -42.67

Personal Balance Sheet Summary
Total assets (things you own)........... 14,000
Total HP & Secured debt................. -14,000
Total Unsecured debt.................... -8,128
Net Assets.............................. -8,128

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

fishooX

reading the discussion about this spending diary is really helpful.