Where it all goes....

Th1984

So have had a review of circumstances and thought I w old post my updated soa, just for the mental excersise of doing it to be honest!!

Comments welcome as always

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.................... 2

Monthly Income Details
Monthly income after tax................ 3937
Partners monthly income after tax....... 0
Benefits................................ 87.97
Other income............................ 0
Total monthly income.................... 4024.97

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 925
Management charge (leasehold property).. 0
Council tax............................. 132
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 12.5
Mobile phone............................ 78
TV Licence.............................. 12
Satellite/Cable TV...................... 36.5
Internet Services....................... 0
Groceries etc. ......................... 520
Clothing................................ 100
Petrol/diesel........................... 270
Road tax................................ 31.5
Car Insurance........................... 95
Car maintenance (including MOT)......... 40
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 37
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 45
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 16
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 30
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2680.5


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 4815
Car(s).................................. 3850
Other assets............................ 92847
Total Assets............................ 101512

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Virgin BT Card.................4142.06...218.......0
Dad............................1750......250.......0
Uncle..........................1164......150.......0
HFC Sofa Loan..................577.......53........0
Santander Loan.................18352.....474.......14.9
Total unsecured debts..........25985.06..1145......- !


Monthly Budget Summary
Total monthly income.................... 4,024.97
Expenses (including HP & secured debts). 2,680.5
Available for debt repayments........... 1,344.47
Monthly UNsecured debt repayments....... 1,145
Amount left after debt repayments....... 199.47

Personal Balance Sheet Summary
Total assets (things you own)........... 101,512
Total HP & Secured debt................. -0
Total Unsecured debt.................... -25,985.06
Net Assets.............................. 75,526.94

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

Th1984

Just to see where it is going i am going to compare my posted SOA to what actually happened from my spending diary, should be fun!

Here Goes: Sept Figures in red if different,
tatement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 3937 4662.71 Did a lot of overtime this month
Partners monthly income after tax....... 0
Benefits................................ 87.97 81.20 actual CB recieved
Other income............................ 0
Total monthly income.................... 4024.97 4743.91

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 925
Management charge (leasehold property).. 0
Council tax............................. 132 167 had a 'garden waste' collection charge to pay, 1 yrs service
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 12.5
Mobile phone............................ 78 will get out when i can
TV Licence.............................. 12
Satellite/Cable TV...................... 36.5
Internet Services....................... 0
Groceries etc. ......................... 520 339.91 done well here!
Off License.......................38 down compared to any other month but i never put it in soa
snacks.............................98.21 food at work & when out and about and we arent prepared, needs cutting!
Clothing................................ 100 115 preparing for new arrival.....
Petrol/diesel........................... 270 321.33 needed the extra fuel for the overtime
Road tax................................ 31.5 296 both due at once, hadnt saved for it so luckily fell at the same time as extra cash
Car Insurance........................... 95 saved for renewals
Car maintenance (including MOT)......... 40 someone stole part of my wifes car so had to spend this replacing it
Car parking............................. 20 55 :mad: parking ticket
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 37 24.99
Medical (prescriptions, dentist etc).... 10 352 Dentistry, 2 fillings each for the adults, not sure how much will be paid back from insurance so have paid it all out, will see what i get back in oct!
Pet insurance/vet bills................. 45
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 16
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 30
Entertainment........................... 50 259.16 so this seems to include, cigarettes @40, dining out/take away 125 (knew i had the extra coming), a birthday party 45, and the rest on family days out
Holiday................................. 0
Emergency fund.......................... 0 50 This had to b started
Replacing Broken Laptop.........278.10 my DS decided that the old one might need a drink....
Total monthly expenses.................. 2680.5 ... £3904.1


Assets
Cash....................................50
House value (Gross)..................... 0
Shares and bonds........................ 4815
Car(s).................................. 3850
Other assets............................ 92847
Total Assets............................ 101512

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly.. .APR
Virgin BT Card.................3688.03...218 118.01.......0
Dad............................750......250...... .0
Uncle..........................864......150100...... .0
HFC Sofa Loan..................420.......53........0
Nationwide Loan.................19000.....437.......7.9
Total unsecured debts..........24722.03..1108...958.01......- ! underpaid on these to make sure i had the cash upfront for the dentist, hopefully will recover them next month when insurance company cheque clears


Monthly Budget Summary
Total monthly income.................... 4,024.97 4743.91
Expenses (including HP & secured debts). 2,680.5 3904.10
Available for debt repayments........... 1,344.47 839.81
Monthly UNsecured debt repayments....... 1,145 958.01
Amount left after debt repayments....... 199.47 -118.20

Personal Balance Sheet Summary
Total assets (things you own)........... 101,512
Total HP & Secured debt................. -0
Total Unsecured debt.................... -25,985.06
Net Assets.............................. 75,526.94

Th1984

2 Years since my original steps on my SOA.

Time to reflect and think about the year ahead, will start with a new SOA

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 4420
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 61.36 (Loan Repayment From SIL)
Total monthly income.................... 4481.36

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 950
Management charge (leasehold property).. 0
Council tax............................. 139
Electricity............................. 130
Gas..................................... 20
Oil..................................... 0
Water rates............................. 26
Telephone (land line)................... 15
Mobile phone............................ 80
TV Licence.............................. 13
Satellite/Cable TV...................... 54
Internet Services....................... 7.5
Groceries etc. ......................... 433
Clothing................................ 100
Petrol/diesel........................... 300
Road tax................................ 33
Car Insurance........................... 67
Car maintenance (including MOT)......... 75
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 95
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 45
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 17
Other insurance......................... 0
Presents (birthday, christmas etc)...... 75
Haircuts................................ 35
Entertainment........................... 100
Holiday................................. 200
Emergency fund.......................... 105
(Unnamed monthly expense)............... 0
Nursery Top Up.......................... 100
Gym..................................... 126
Union Subs.............................. 17
Window Cleaner.......................... 20
Startup Funding......................... 75 (Wife is starting WAHM business, this is my budget for her extra expenses)
Incidental Cash......................... 175
Savings................................. 75
Pet Food................................ 35
Total monthly expenses.................. 3747.5


Assets
Cash.................................... 1650
House value (Gross)..................... 0
Shares and bonds........................ 5200
Car(s).................................. 2000
Pension............................ 115000
Total Assets............................ 123850

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Fluid 0% BT Card...............4396.4....230.......0
Loan...........................13779.5...437.......6.9
Virgin BT .....................940.85....61.36.....0
Total unsecured debts..........19116.75..728.36....-


Monthly Budget Summary
Total monthly income.................... 4,481.36
Expenses (including HP & secured debts). 3,747.5
Available for debt repayments........... 733.86
Monthly UNsecured debt repayments....... 728.36
Amount left after debt repayments....... 5.5

Personal Balance Sheet Summary
Total assets (things you own)........... 123,850
Total HP & Secured debt................. -0
Total Unsecured debt.................... -19,116.75
Net Assets.............................. 104,733.25

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

Th1984

So whilst i am not doing badly and things are in the right direction they are also not moving very quickly.

2 Years ago i started stalking these boards and in that time i have only improved my situation by £10k, i was hoping to be much further along and it is all a bit depressing really at how long it takes to move on.

The one thing i will never let my kids do is what i did when i was 18 and just get a credit card and start spunking the cash up the wall, if i hadnt accrued that first debt then i would have had cash to cover the things i later borrowed more for.....

downward spiral!

anyways i think i have another 2.5 years to go and i will keep plugging away and carrying on, feedback as always is expected and welcomed.