SOA - Please Comment.

Grumpy_Shunter

Good afternoon MSE,

If someone could have a quick look at my SOA please. I would also appreciate any comments or advise please. I'm more than happy to be told off or corrected on my SOA. I will be submitting it to my examiner in a few weeks.

Aplogies for it being all over the place - I have copied and pasted it from a spread-sheet.:o

Many thanks in advance.

DIRECT DEBITS
Date Out
Rent 1st Each Month 625
Virgin Media 25th Each Month 35
Car Insurance 4th Each Month 32.28
Mobile Phone 1st Each Month 12.5
AA 5th Each Month 10


MONTHLY SPEND
Dentists 15
Fuel 160
Car Pot/Tax/Maint 55
Haircuts 10
Holiday pot 30
Prescriptions 8
Bridge Tag 15
Clothing/Foot 30
Social 20
Presents 15
Emergency Fund 20
Prescription Glasses 15


Total Expenditure/Month 1107.28
Net Salary/month 1650

Possible IPA ? 542.78

Anondebtadvisor

What about food and toiletries and council tax?

alunonhisown

Grumpy_Shunter wrote: »

Good afternoon MSE,

If someone could have a quick look at my SOA please. I would also appreciate any comments or advise please. I'm more than happy to be told off or corrected on my SOA. I will be submitting it to my examiner in a few weeks.

Aplogies for it being all over the place - I have copied and pasted it from a spread-sheet.:o

Many thanks in advance.

DIRECT DEBITS
Date Out
Rent 1st Each Month 625
Virgin Media 25th Each Month 35
Car Insurance 4th Each Month 32.28
Mobile Phone 1st Each Month 12.5
AA 5th Each Month 10


MONTHLY SPEND
Dentists 15
Fuel 160
Car Pot/Tax/Maint 55
Haircuts 10
Holiday pot 30
Prescriptions 8
Bridge Tag 15
Clothing/Foot 30
Social 20
Presents 15
Emergency Fund 20
Prescription Glasses 15


Total Expenditure/Month 1107.28
Net Salary/month 1650

Possible IPA ? 542.78

They could tell you too move to Wales Prescriptions are free for all.
In answer it all looks good to me.

tiger_eyes

Do you definitely spend £180 a year on prescription glasses? That seems high - even with a strong prescription, I can get my glasses from an online wholesaler for £30 and they'll last a couple of years, which works out at less than a tenth of your annual expenditure. Is this an option for you?

sort_me_own_yard_out

Grumpy_Shunter wrote: »

Good afternoon MSE,

If someone could have a quick look at my SOA please. I would also appreciate any comments or advise please. I'm more than happy to be told off or corrected on my SOA. I will be submitting it to my examiner in a few weeks.

Aplogies for it being all over the place - I have copied and pasted it from a spread-sheet.:o

Many thanks in advance.

DIRECT DEBITS
Date Out
Rent 1st Each Month 625
Virgin Media 25th Each Month 35
Car Insurance 4th Each Month 32.28
Mobile Phone 1st Each Month 12.5
AA 5th Each Month 10


MONTHLY SPEND
Dentists 15
Fuel 160
Car Pot/Tax/Maint 55
Haircuts 10
Holiday pot 30
Prescriptions 8
Bridge Tag 15
Clothing/Foot 30
Social 20
Presents 15
Emergency Fund 20
Prescription Glasses 15


Total Expenditure/Month 1107.28
Net Salary/month 1650

Possible IPA ? 542.78

You dont have any utilities as in gas, electric, water. or food!

Grumpy_Shunter

Anondebtadvisor wrote: »

What about food and toiletries and council tax?

The wife pays all of the utilities and food bills.

Her IPA is already set-up and running.

Grumpy_Shunter

tiger_eyes wrote: »

Do you definitely spend £180 a year on prescription glasses? That seems high - even with a strong prescription, I can get my glasses from an online wholesaler for £30 and they'll last a couple of years, which works out at less than a tenth of your annual expenditure. Is this an option for you?

Hi Tigger,

Thanks for the comments. I usually get my glasses from Boots opticians becuase I found they are one of the cheapest. I based my monthly figure on my past 6/7 years in that I find myself bying a new pair roughly every 12 months. I'm a bit of a heavy handed butter fingers with my glasses - I have broken them every time in work:o

I try not to spend more than £150 - £180 for a half decent pair - I also get my eyes tested each-time and unfortunately, they are getting worse each time!:( hence needing a new pair each year anyway.

I suppose now being BR, I really should be looking at cheaper glasses but considering the importance of them, I'm reluctant to spend pennies on cheap glasses.

Should I lower it to £10/month?

Once again. Thanks for the constructive comments.

luvchocolate

Your eyes are precious I have a history of blindness in my family, the o.r will be fine with your allowance mine is the same as yours and had no problems

Grumpy_Shunter

luvchocolate wrote: »

Your eyes are precious I have a history of blindness in my family, the o.r will be fine with your allowance mine is the same as yours and had no problems

Thanks Choccers. I too have hereditary sight issues within the family.

I will explain this and keep to my original 15/month for decent glasses and an eye test every 12 months.

Any thoughts on the rest of the SOA?

mysterio_2

you'll have to loose presents and social they wont be allowed

luvchocolate

Good morning Mr G everything looks ok to me, as you will have a large surplus for an ipa make sure you are on the right side and your amounts are enough and a true figure.
my or was really good and would not allow £25 for hair but moved £10 onto another area, they want to be fair so you don't get into debt again. xx