SOA - comments pls

lisa.89

Hello all

Just looking over SOA outgoings -

Any comments would be great - thanks. CCCS think its fine.

2 x adults and 1 child (baby on the way soon)
Income -

Husband - £1870 - inc OT
My wage - £673
Child Benefits - £87

Rent - £775
Housekeeping (inc nappies, cat food, cleaning products) - £430
Gas/Elec - £100
Water - £40
Telephones (2 x mobiles & landline) - £64

Travelling - £224
(inc husband work petrol, bus for me, travek to see my family every other month as they all live 200 miles away)

Clothing - £60
Council tax - £118
Car ins - £59
RAC - £11
Car tax - £17
Car service/Mot - £30
Cat flea treatment (2 cats) - £11
Hair cuts - £20
Life ins - £24
Contents ins - £8
Buildings ins - £17 (only until house is repocessed)
Emergency fund - £30
Holiday (UK)- £60
NHS pre-payment card - £11
Accupuncture treatment for husband - £50
Dentist - £6
TV licence - £13
Broadband/TV - £25
(I can work from home if my son is ill etc so would need internet)

Child care - £300
Swimming - £20 (we take our son swimming every other week - teaching him to swim)

Total outgoings - £2523

Leaves -£101

This will all change again in April as I will be taking 6 mths mat leave...

CCCS advised that we did out outgoings page exactly the same and OR can work out each contribution.

Any thoughts on if I would get an IPA if I only earn £673??

Thanks

JustinCredibleGillespie

http://www.stoozing.com/msoc/soacalc.php

Have a look at this one & then re-post

JCG

xx

lisa.89

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.................... 1
Monthly Income Details
Monthly income after tax................ 673
Partners monthly income after tax....... 1870
Benefits................................ 87
Other income............................ 0
Total monthly income.................... 2630
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 775
Management charge (leasehold property).. 0
Council tax............................. 118
Electricity............................. 40
Gas..................................... 60
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 14
Mobile phone............................ 50
TV Licence.............................. 13
Satellite/Cable TV...................... 20
Internet Services....................... 5
Groceries etc. ......................... 430
Clothing................................ 60
Petrol/diesel........................... 170
Road tax................................ 15
Car Insurance........................... 70
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 54
Childcare/nursery....................... 300
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 67
Pet insurance/vet bills................. 11
Buildings insurance..................... 17
Contents insurance...................... 8
Life assurance ......................... 24
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 60
Emergency fund.......................... 30
Total monthly expenses.................. 2521

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 750
Other assets............................ 0
Total Assets............................ 750

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,630
Expenses (including HP & secured debts). 2,521
Available for debt repayments........... 109
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 109
Personal Balance Sheet Summary
Total assets (things you own)........... 750
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 750
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

lisa.89

Hello - please see above.
Sorry didnt put debt - unsecured is around £103k and secured is around £30k

Just got BR hearing date for 1 Feb....

HappyMJ

You wont get an ipa but your partner might if your partner is also going br

lisa.89

Yep we are both going BR as most debts are joint.

Do my figures look ok?? Anyone know if they allow for swimming foe child??

thanks

HappyMJ

lisa.89 wrote: »

Yep we are both going BR as most debts are joint.

Do my figures look ok?? Anyone know if they allow for swimming foe child??

thanks

In my opinion only...I'd say swimming is a life skill and is a required expense. Put it under "Other child related expenses". I'd also add a few pounds under "Car parking". I'd lump all the satellite, internet and landline costs all under landline and put £60 a month to cover the cost of a package deal and a few out of package calls.

Maizy

Hi Lisa

Good luck with your BRs, you will feel better when its over and done with.

I think your clothing allowance is low compared to what others have had agreed. We put £100 with one extra child and I believe that was still low from what others have said and trust me, we could barely clothe ourselves in our BR year and I don't think the idea of going BR is to only shop in charity shops, which are pretty pricey anyhow these days.

The swimming as pointed out should be allowed under other child related expenses. Does the gas and electric definitely cover all the costs as ours ended up being way higher than that in our rented property. We initially put £120 per month for both but the actual cost in our poorly insulated (but lovely home) ended up at around £170 per month so we ended up owing. Good luck once again & when baby 2 comes along.

notanewuser

£67 per month for medical bills?! :eek:

lisa.89

Maizy wrote: »

Hi Lisa

Good luck with your BRs, you will feel better when its over and done with.

I think your clothing allowance is low compared to what others have had agreed. We put £100 with one extra child and I believe that was still low from what others have said and trust me, we could barely clothe ourselves in our BR year and I don't think the idea of going BR is to only shop in charity shops, which are pretty pricey anyhow these days.

The swimming as pointed out should be allowed under other child related expenses. Does the gas and electric definitely cover all the costs as ours ended up being way higher than that in our rented property. We initially put £120 per month for both but the actual cost in our poorly insulated (but lovely home) ended up at around £170 per month so we ended up owing. Good luck once again & when baby 2 comes along.

Thanks Maizy!

We don't have double glazing here so may end up having a higher bill.. maybe I will speak with BG to see what our usage is - thanks for that.

Clothes - To be honest we spend about £25-/30 om just on our son and thats pri-mark! May up that a bit as will need some more maternity clothes soon What do you think about £80 for 3 of us??

lisa.89

notanewuser wrote: »

£67 per month for medical bills?! :eek:

Yep - breakdown is:

£6 dentist
£11 NHS pre-payment card (husband takes lots of meds)
£50 - Private accupuncture for husband as NHS do not offer it OR is welcome to see his medical records!!)