SOA advice please

sovilla

Still in the process of weighing up my options. But can you please check my SOA.

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 5
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 973
Partners monthly income after tax....... 600 - Contribution
Benefits................................ 896
Other income............................ 0
Total monthly income.................... 2469

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 545
Management charge (leasehold property).. 0
Council tax............................. 104
Electricity............................. 60
Gas..................................... 90
Oil..................................... 0
Water rates............................. 66
Telephone (land line)................... 30
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 35
Internet Services....................... 26
Groceries etc. ......................... 650
Clothing................................ 210
Petrol/diesel........................... 120
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 60
Other child related expenses............ 120 - School Dinners
Medical (prescriptions, dentist etc).... 25 - Dentist and contact lenses
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 45
Entertainment........................... 20
Holiday................................. 80
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
....................................... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 2402


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.................... 2,469
Expenses (including HP & secured debts). 2,402
Available for debt repayments........... 67
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 67

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.stoozing.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.


Its really cutting it close with whats left over and im worried ive missed something really important out. Im also worried that they are going to class all the benefits as mine and then it looks like my partner isnt contributing a fair share to the household expenses, when technically most of them are his, as 4 of the children are from his previous relationship.

Im not sure I can take much much more of this, I burst into tears in front of a colleague today, im not sleeping and I feel constantly sick. Please tell me its not going to be like this forever.

kepar

If no car, why the £120 petrol????????????

Does your partner earn a lot more than you are quoting as a contribution?

pickpocketlocket

You have already been advised that you need to put down the full incomes for both of you, and let the OR decide what is fair.

sovilla

We woudl lose the car we have as its on HP so I would use my mums car to get to work while she stays at my home and looks after the children.

Sorry I thought I had to put down just what he contributes to the household bills but put down all the benefits we receive jointly. Would I then have to do another list of what my other half has to pay out of his wages otherwise they may just think all his wages are put into the pot when he just gives me some "housekeeping".

sovilla

My partner earns £1250 a month.

tigerfeet2006

The contribution is fine. The OR may ask you what your OH earns and you will have to tell them.

The one thing I would do is take out the presents and put it in emergency.

debtinfo

I work out that the OH's contribution should be about £960pm based on the fact that he has 40% of the income and so should contribute 40% of the household expenses

PippaGirl_2

I think your SOA is mostly fine, I would say the groceries could be higher for 7 of you. The only thing I think is high there is the TV/landline/internet all added together. Sky provide free internet with their packages, or £10 to upgrade to unlimited. I used to pay sky for all three things landline for phone, TV package and unlimited internet £43 so yours is quite a bit dearer.

Debtinfo, but if the OP has written down all of the benefits in her income there as SOA some of them will be solely for his children in CTC/WTC/CB so that would mean there is greater contribution of the benefits due to his children iyswim?

debtinfo

but the OP has included all the expenditure for those kids in her SOA as well, im sure she doesent eat £650 of food by herself, so if you include all the expenditure then you need to include all the benefits.

PippaGirl_2

oh yes sorry, was looking at this totally differently! My fault :doh:

sovilla

Thanks for the help guys. I wish he could contribute £960 but he has a car he has to pay for to get to work. This may all be mute anyway as hes facing redundancy, just got a 30 day letter though dont know what that actually means.

We live in Hull so cant have sky's internet. What I wouldnt give to move away from Kingston Communications.