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My SOA ( Be gentle :P )
Bane84
Posts: 52 Forumite
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 120
Clothing................................ 0
Petrol/diesel........................... 170
Road tax................................ 24.5
Car Insurance........................... 0
Car maintenance (including MOT)......... 12
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 2.5
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Lunch @ work............................ 100
Total monthly expenses.................. 519
Assets
Cash.................................... 1000
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 1500
Total Assets............................ 5500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Halifiax.......................880.......0.........0
OD.............................1200......0.........0
Various........................400.......0.........0
Total unsecured debts..........2480......0.........-
Monthly Budget Summary
Total monthly income.................... 1,500
Expenses (including HP & secured debts). 519
Available for debt repayments........... 981
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 981
Personal Balance Sheet Summary
Total assets (things you own)........... 5,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,480
Net Assets.............................. 3,020
[
Monthly Income Details
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1500
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 120
Clothing................................ 0
Petrol/diesel........................... 170
Road tax................................ 24.5
Car Insurance........................... 0
Car maintenance (including MOT)......... 12
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 2.5
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Lunch @ work............................ 100
Total monthly expenses.................. 519
Assets
Cash.................................... 1000
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 1500
Total Assets............................ 5500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Halifiax.......................880.......0.........0
OD.............................1200......0.........0
Various........................400.......0.........0
Total unsecured debts..........2480......0.........-
Monthly Budget Summary
Total monthly income.................... 1,500
Expenses (including HP & secured debts). 519
Available for debt repayments........... 981
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 981
Personal Balance Sheet Summary
Total assets (things you own)........... 5,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,480
Net Assets.............................. 3,020
[
“Oh, so you think darkness is your ally? But you merely adopted the dark. I was born in it, molded by it. I didn’t see the light until I was already a man, by then to me it was only blinding. The shadows betray you because they belong to me.”
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Comments
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Also the point of this is to help me cut back. I am currently not being chased nor am i paying any debtors.“Oh, so you think darkness is your ally? But you merely adopted the dark. I was born in it, molded by it. I didn’t see the light until I was already a man, by then to me it was only blinding. The shadows betray you because they belong to me.”0
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Where do you live? No rent? No mortgage? No utilities?0
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2 things,get a smaller car(less tax and fuel)take a packed lunch to work,then work clearing your OD first as it may be repayable on demand0
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if the cash isn't in the bank, put it in or use it to reduce the highest apr debt!!
> . !!!! ----> .0 -
Where do you live? No rent? No mortgage? No utilities?
Hi, thanks for the reply, I live at home with parents ( I'm asian so it's perfectly acceptable :P ) I do offer keep, but it's always refused, but i do pay towards major repairs like washing machine breaking or a unexpected large bill.
My car, is fully paid for in cash, as was my insurance. I had learnt this lesson previously. It is my baby, and my one vice.
I could defiantly cut down at the work food, it is hideously overpriced.“Oh, so you think darkness is your ally? But you merely adopted the dark. I was born in it, molded by it. I didn’t see the light until I was already a man, by then to me it was only blinding. The shadows betray you because they belong to me.”0 -
if the cash isn't in the bank, put it in or use it to reduce the highest apr debt
This money i lent to my brother who has just paid me it back. As per our agreement, not a second late, so it's currently kept in a lockbox“Oh, so you think darkness is your ally? But you merely adopted the dark. I was born in it, molded by it. I didn’t see the light until I was already a man, by then to me it was only blinding. The shadows betray you because they belong to me.”0 -
Why you not paying your debts?0
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The reason for the monthly cost of insurance on the SOA is so you can put money aside each month to pay it in full next year - and the same with big household expenses etc. Do you have a plan for saving for your next car/eventual home deposits?But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
Your expenses are £519 but you have £2480 of debts. You have an income of £1500. So my question is how did you run up your debts, which are relatively small. The problem is that you must be spending on things that you have left out of your SOA. Where does your extra money go?0
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