my SOA please help

glitter_fairy

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 3
Number of children in household......... 2
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1000
Partners monthly income after tax....... 1400
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 2520

Monthly Expense Details
Mortgage................................ 260
Secured/HP loan repayments.............. 360
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 60
Gas..................................... 40
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 15
Mobile phone............................ 60
TV Licence.............................. 14
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 100
Petrol/diesel........................... 250
Road tax................................ 5
Car Insurance........................... 80
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 300
Other child related expenses............ 150
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 20
Contents insurance...................... 15
Life assurance ......................... 20
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2439


Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 2000
Total Assets............................ 132000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 50000....(260)......2.2
Secured Debt.................. 13000....(200)......0<
(Unnamed debt).................8000.....(160)......0
Total secured & HP debts...... 71000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
card...........................1000......30........29.9
card...........................500.......20........29.9
Total unsecured debts..........1500......50........-


Monthly Budget Summary
Total monthly income.................... 2,520
Expenses (including HP & secured debts). 2,439
Available for debt repayments........... 81
Monthly UNsecured debt repayments....... 50
Amount left after debt repayments....... 31

Personal Balance Sheet Summary
Total assets (things you own)........... 132,000
Total HP & Secured debt................. -71,000
Total Unsecured debt.................... -1,500
Net Assets.............................. 59,500

i used to be really good at keeping spending down, but now I seem to be spirling out of control again, any advice would be great, we need 2 cars due to work, we cant get out of our phone contracts yet either

heartbreak_star

glitter_fairy wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 3
Number of children in household......... 2
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 1000
Partners monthly income after tax....... 1400
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 2520

Monthly Expense Details
Mortgage................................ 260
Secured/HP loan repayments.............. 360
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 60
Gas..................................... 40
Oil..................................... 0
Water rates............................. 0 really??
Telephone (land line)................... 15
Mobile phone............................ 60 when do these finish? Can you negotiate lower?
TV Licence.............................. 14
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 Too much - have a look at Old Style board and see if you can shave a bit off
Clothing................................ 100 Too much - can you sell kids' clothes on eBay to offset and buy from supermarkets when in need?
Petrol/diesel........................... 250
Road tax................................ 5
Car Insurance........................... 80
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 300
Other child related expenses............ 150 what's this?
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 20
Contents insurance...................... 15
Life assurance ......................... 20
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40 halve it
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2439


Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 2000
Total Assets............................ 132000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 50000....(260)......2.2
Secured Debt.................. 13000....(200)......0<
(Unnamed debt).................8000.....(160)......0
Total secured & HP debts...... 71000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
card...........................1000......30........29.9
card...........................500.......20........29.9
Total unsecured debts..........1500......50........-


Monthly Budget Summary
Total monthly income.................... 2,520
Expenses (including HP & secured debts). 2,439
Available for debt repayments........... 81
Monthly UNsecured debt repayments....... 50
Amount left after debt repayments....... 31

Personal Balance Sheet Summary
Total assets (things you own)........... 132,000
Total HP & Secured debt................. -71,000
Total Unsecured debt.................... -1,500
Net Assets.............................. 59,500

i used to be really good at keeping spending down, but now I seem to be spirling out of control again, any advice would be great, we need 2 cars due to work, we cant get out of our phone contracts yet either

Hope the above helps!

HBS x

glitter_fairy

heartbreak_star wrote: »

Hope the above helps!

HBS x

opps for got the water bill

the other childrens stuff is activities

i hadnt though about trying to get the contracts lower will call them thank you x

Thrifty_Pixie

you say there are 3 adults...is the third adult contributing to expenses?

glitter_fairy

Thrifty_Pixie wrote: »

you say there are 3 adults...is the third adult contributing to expenses?

no she isnt

notanewuser

glitter_fairy wrote: »

no she isnt

Why not? :huh:

Danni-R

You say the other childrens stuff is 'activities'. What is that? £150 seems a lot for guides/ scouts.

glitter_fairy

notanewuser wrote: »

Why not? :huh:

my newly discovered step daughter, its a bit complicated

glitter_fairy

Danni-R wrote: »

You say the other childrens stuff is 'activities'. What is that? £150 seems a lot for guides/ scouts.

my son does boxing and kick boxing 3 times a week and my daughter does stagecoach

emmaglet

glitter_fairy wrote: »

my newly discovered step daughter, its a bit complicated

I'm no expert, heck I'm not even a parent, but as a 25 year old, I'd like to say that I learned a lot by having to pay something living at home! Admitedly it was just the cost of the Sky subscription and internet, but it gave me responsibility. If I wasn't in a position to do that (and sometimes I wasn't) then I'd also make sure to 'earn my keep' with cooking and cleaning.

glitter_fairy

emmaglet wrote: »

I'm no expert, heck I'm not even a parent, but as a 25 year old, I'd like to say that I learned a lot by having to pay something living at home! Admitedly it was just the cost of the Sky subscription and internet, but it gave me responsibility. If I wasn't in a position to do that (and sometimes I wasn't) then I'd also make sure to 'earn my keep' with cooking and cleaning.

she is out of work right now