Here is my SOA Any help or advice

DFP1969

Hello All,

I have done it. First of all i now realise how much debt me and my partner are in

sistafromanothermista

Ok......where is it then? lol

DFP1969

Here it is

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 3
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1590
Partners monthly income after tax....... 650
Benefits................................ 120
Other income............................ 120
Total monthly income.................... 2480

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 580
Management charge (leasehold property).. 0
Council tax............................. 135
Electricity............................. 90
Gas..................................... 90
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 30
Mobile phone............................ 50
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 350
Clothing................................ 20
Petrol/diesel........................... 25
Road tax................................ 20
Car Insurance........................... 25
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 50
Other child related expenses............ 200
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 35
Other insurance......................... 0
Presents (birthday, christmas etc)...... 70
Haircuts................................ 25
Entertainment........................... 50
Holiday................................. 50
Emergency fund.......................... 25
Pension................................. 100
Total monthly expenses.................. 2077


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
NW Credit Card.................6900......0.........0
NW Overdraft...................2350......0.........0
NW Overdraft...................450.......0.........0
NW Overdraft...................200.......0.........0
Barclaycard ...................3900......0.........0
Tesco Credit Card..............3900......0.........0
Barclaycard....................675.......0.........0
Total unsecured debts..........18375.....0.........-


Monthly Budget Summary
Total monthly income.................... 2,480
Expenses (including HP & secured debts). 2,077
Available for debt repayments........... 403
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 403

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -18,375
Net Assets.............................. -18,375

DFP1969

i forgot to mention that this is both mine and my wifes put together

madison-nyc

you didn't put in what your card and loan repayments are? how much does your debt cost you each month?

your gas and elec are really high , £180 a month? only £25 a month petrol? is that right?

rising_from_the_ashes

DFP1969 wrote: »

Household Information
Number of adults in household........... 3 Who is the 3rd Adult? Do they pay towards bills?
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1590
Partners monthly income after tax....... 650
Benefits................................ 120
Other income............................ 120 What's this?
Total monthly income.................... 2480

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 580
Management charge (leasehold property).. 0
Council tax............................. 135
Electricity............................. 90 Really high - check readings against bills, consumption (ie no leaving lights & heating on in rooms when not in use etc) and comparison sites
Gas..................................... 90 As above - how many bedrooms does your house have?
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 30
Mobile phone............................ 50 How many?
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 350
Clothing................................ 20
Petrol/diesel........................... 25 Seriously? Not worth the rest of car costs - it would be cheaper to get a taxi
Road tax................................ 20 As above
Car Insurance........................... 25 As above
Car maintenance (including MOT)......... 20 As above
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 50
Other child related expenses............ 200 What's this?
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 Need to get this sorted ASAP - it will only be a few £s
Life assurance ......................... 35
Other insurance......................... 0
Presents (birthday, christmas etc)...... 70 Whoooo - sorry, way too much. Cut to £30 (£10/each kid)
Haircuts................................ 25
Entertainment........................... 50
Holiday................................. 50
Emergency fund.......................... 25
Pension................................. 100
Total monthly expenses.................. 2077


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
NW Credit Card.................6900......0.........0
NW Overdraft...................2350......0.........0
NW Overdraft...................450.......0.........0
NW Overdraft...................200.......0.........0
Barclaycard ...................3900......0.........0
Tesco Credit Card..............3900......0.........0
Barclaycard....................675.......0.........0
Total unsecured debts..........18375.....0.........-

What are the monthly repayments?
What are the APRs

Monthly Budget Summary
Total monthly income.................... 2,480
Expenses (including HP & secured debts). 2,077
Available for debt repayments........... 403
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 403

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -18,375
Net Assets.............................. -18,375

We need to know the minimum monthly payments on the debts to know if you're able to meet these or not?

What are the APRs on the debts? Again, can't offer advice on what to concentrate on 1st without these.