SOA advice please

debtfreeforme

Hello there,

I would be very grateful if someone could take a look at out SOA and let me have some feedback re what the OR may consider allowable. I have put all of the child benefit spending under child expenses, which includes swimming lessons, school dinners and clubs. Do you think this will be acceptable? Is there anything I've forgotten?

£20 per week of our income is my DLA, which pays for things related to my disability (ME and fibromyalgia), I'm hoping I will be allowed to keep that?

Many thanks

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.................... 1

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1356
Benefits................................ 1010
Other income............................ 0
Total monthly income.................... 2366

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 625
Management charge (leasehold property).. 0
Council tax............................. 83
Electricity............................. 50
Gas..................................... 80
Oil..................................... 0
Water rates............................. 45
Telephone (land line)................... 50
Mobile phone............................ 30
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 100
Petrol/diesel........................... 200
Road tax................................ 18
Car Insurance........................... 35
Car maintenance (including MOT)......... 30
Car parking............................. 5
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 134
Medical (prescriptions, dentist etc).... 22
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 11
Life assurance ......................... 32
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 50
Total monthly expenses.................. 2233


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 900
Other assets............................ 0
Total Assets............................ 900

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
total debts....................60000.....20........0
Total unsecured debts..........60000.....20........-


Monthly Budget Summary
Total monthly income.................... 2,366
Expenses (including HP & secured debts). 2,233
Available for debt repayments........... 133
Monthly UNsecured debt repayments....... 20
Amount left after debt repayments....... 113

Personal Balance Sheet Summary
Total assets (things you own)........... 900
Total HP & Secured debt................. -0
Total Unsecured debt.................... -60,000
Net Assets.............................. -59,100

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