SOA Calculations

adpod

Does anything look at little too high or too low?

This is for a home with 2 adults and 2 large dogs and 1 wage.

Statement of Affairs and Personal Balance Sheet[/b]

Monthly Income Details
Monthly income after tax................ 1300


Monthly Expense Details
Rent.................................... 450
Council tax............................. 25
Electricity............................. 50
Gas..................................... 60
Telephone (land line)................... 20
Mobile phone............................ 25
TV Licence.............................. 15
Satellite/Cable TV...................... 21.5
Groceries etc. ......................... 350
Clothing................................ 50
Petrol/diesel........................... 120
Road tax................................ 10
Car Insurance........................... 25
Car maintenance (including MOT)......... 17
Pet insurance/vet bills................. 15
Haircuts................................ 10
Holiday................................. 10
Emergency fund.......................... 20
Total monthly expenses.................. 1293.5

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,293.5
Available for debt repayments........... 6.5

sniggings

adpod wrote: »

Does anything look at little too high or too low?

This is for a home with 2 adults and 2 large dogs and 1 wage.

Statement of Affairs and Personal Balance Sheet[/b]

Monthly Income Details
Monthly income after tax................ 1300


Monthly Expense Details
Rent.................................... 450
Council tax............................. 25
Electricity............................. 50
Gas..................................... 60
Telephone (land line)................... 20
Mobile phone............................ 25
TV Licence.............................. 15 12x£15 is £180 a TV licence is only around £145 so put £12 here.
Satellite/Cable TV...................... 21.5
Groceries etc. ......................... 350
Clothing................................ 50
Petrol/diesel........................... 120
Road tax................................ 10
Car Insurance........................... 25
Car maintenance (including MOT)......... 17
Pet insurance/vet bills................. 15
Haircuts................................ 10 think it's £15 per person or at least £10 each so £20-£30 here
Holiday................................. 10 you can have a small UK holiday, £120 wouldn't go far so up this to about £40
Emergency fund.......................... 20
Total monthly expenses.................. 1293.5

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,293.5
Available for debt repayments........... 6.5

tbh you should be fine, I doubt they will even consider an IPA on your income, but good to have the answers ready if asked.

adpod

I forgot to add in my partners mobile contract too. I am worried they will think the food bill is too high, our dogs eat £30 worths of food a week, should I keep receipts to back this up?

HPS

Sounds fine to me Good luck.

sniggings

adpod wrote: »

I forgot to add in my partners mobile contract too. I am worried they will think the food bill is too high, our dogs eat £30 worths of food a week, should I keep receipts to back this up?

Yes receipts are good, but unless the OR goes into your expenses, which I doubt, they will not even know the dogs are down for that much food.

To give you an idea, I was on near enough exactly the same as you, and no IPA, single too and no hungry dogs :rotfl:

BTW nothing to do with this but what dogs have you got that eat that much :eek:

sniggings

adpod wrote: »

I forgot to add in my partners mobile contract too. I am worried they will think the food bill is too high, our dogs eat £30 worths of food a week, should I keep receipts to back this up?

just to add, the amounts you can up, such as holiday, hair, and phone, take off the food total, but on the BR forums there are only about 5 categories, they only ask for a break down as we do here if they are really looking at an IPA.

adpod

sniggings wrote: »

BTW nothing to do with this but what dogs have you got that eat that much :eek:

2 St bernards and a very small house.

adpod

sniggings wrote: »

just to add, the amounts you can up, such as holiday, hair, and phone, take off the food total, but on the BR forums there are only about 5 categories, they only ask for a break down as we do here if they are really looking at an IPA.

That is comforting to know. thanks for your advice

sniggings

adpod wrote: »

2 St bernards and a very small house.

I've changed my mind, wow JUST £30 a week :rotfl:

adpod

sniggings wrote: »

I've changed my mind, wow JUST £30 a week :rotfl:

Thats £30 PLUS half our food

mattannar

Looking at your SOA, you seem to have tailored it to just be under your income. When in fact your outgoings are probably a lot more than you are showing. My fear i show will you survive after going br, when you will have no credit to fall back on.
You won't get an IPA as states above because you technicallt would have a shortfall.