SOA help please

Carlos1981

Could anyone just check this please and suggest any improvements!!

2 adults and 2 children in the house. Only put my wifes contribution down. She only works 2 days per week and she pays for child care and school dinners/ after school club the days she works.
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 2171
Partners monthly income after tax....... 250

Total monthly income.................... 2421[/b]

Monthly Expense Details
Mortgage................................ 740
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 131
Electricity............................. 70
Gas..................................... 60
Oil..................................... 0
Water rates............................. 36
Telephone (land line)................... 20
Mobile phone............................ 36
TV Licence.............................. 12
Satellite/Cable TV...................... 20
Internet Services....................... 20
Groceries etc. ......................... 550
Clothing................................ 120
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 40
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 40
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 12
Other insurance......................... 13
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 40
Total monthly expenses.................. 2380

Monthly Budget Summary[/b]
Total monthly income.................... 2,421
Expenses (including HP & secured debts). 2,380
Available for debt repayments........... 41

[Deleted User]

Groceries etc. is high, as is the mobile phones.

Also, I don't think they will allow anything for Satellite/Cable TV.

kazwookie

Are you getting all the benefits you are entitled to for the children?

Carlos1981

Yes my wife gets all that she can!!!!

aandrea

Food bill is high, shop around, Plus what's wrong with just having Freeview? We found that the Post Office is better price for line rental, and we pay £8.45 with O2 for broadband, ring them up, ask them if they've got any offers on for internet.

Carlos1981

Cant shop around for Internet and line rental as have to have kc!!!

That's tesco shop so hardly buying waitrose.

rossireps

im not good with soa but i think shopping is high regardless if its tesco or not! and as far as im aware from on here sky tv isnt allowed.
holiday fund seems high also.

Carlos1981

Sky was put in by accident! Didn't realise.

Are you allowed 20 per person for hols as others have mentioned?

Is anything missed out?

The day is looming 31st jan!!

rossireps

tbh im not sure but someone will come along who does. i dont think sky is set in stone but ive heard people say they dont allow it. im useless really as on benefit so they didnt take much notice of my figures. life insurance i think is a no .
the only other thing is can u prove a need for two cars?

tigerfeet2006

Carlos1981 wrote: »

Could anyone just check this please and suggest any improvements!!

2 adults and 2 children in the house. Only put my wifes contribution down. She only works 2 days per week and she pays for child care and school dinners/ after school club the days she works.
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 2171
Partners monthly income after tax....... 250

Total monthly income.................... 2421[/b]

Monthly Expense Details
Mortgage................................ 740
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 131
Electricity............................. 70
Gas..................................... 60
Oil..................................... 0
Water rates............................. 36
Telephone (land line)................... 20
Mobile phone............................ 36
TV Licence.............................. 12
Satellite/Cable TV...................... 20 If this is part of a package for phone/internet/sky then the OR should have no problem with it. Leave it in either way.
Internet Services....................... 20
Groceries etc. ......................... 550
Clothing................................ 120
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 40
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 20 £5 per child per week for activities. £2 per child per day school dinners primary. £3 secondary.
Medical (prescriptions, dentist etc).... 40
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 12 The OR may have an interest in this.
Other insurance......................... 13 what is this?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 40
Total monthly expenses.................. 2380

Monthly Budget Summary[/b]
Total monthly income.................... 2,421
Expenses (including HP & secured debts). 2,380
Available for debt repayments........... 41

Those are the ones I would think about, everything else is fine. When you have done the deed go and have a look on the Old Style board and try the Grocery Challenge and get some other tips about saving money on the grocery bill. I used to feed 5 for £350ish pm. and then you can use the money for other things.

Do you have to wear suits to work? £10/15 dry cleaning. Any professional fees/memberships?