My diary

Mankysteve

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 4
Number of children in household......... 0
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 910
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 910

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 150
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 25
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 90
Road tax................................ 7.1
Car Insurance........................... 40
Car maintenance (including MOT)......... 0
Car parking............................. 0
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)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Gym..................................... 10
Total monthly expenses.................. 522.1


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Natwest Credit Card............500.......11........17
Natwest Overdraft..............1400......11........10
Barclays.......................1879.5....40........17
Total unsecured debts..........3779.5....62........-


Monthly Budget Summary
Total monthly income.................... 910
Expenses (including HP & secured debts). 522.1
Available for debt repayments........... 387.9
Monthly UNsecured debt repayments....... 62
Amount left after debt repayments....... 325.9

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -3,779.5
Net Assets.............................. -3,779.5

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

Still need to build up my SOA As I'm still running out of money at the end of each month last two months before even got half way though the month. so its not properly showing my sending.

My debt is not exactly spirally out of control and while I can afford the minimum payment I need/want to get rid of this debt. Currently working in the retail industry but constantly trying to get out. My credit rating pretty poor due to a few late the payments.

I think there three things I need to

1)Figure out what I'm spending cash on where I can stop
2)Get a new job(this might actually be number 1)
3)Look at transferring credit car debt to new 0% credit card If any one will take me

Would be worth considering a Loan? I know it would take longer to pay back/cost but I'm struggling to reach the end of to reach the end. A single payment and then 5 years time my debt is all gone would then at least see we debt gone in 5 year rather than just meeting the minimum payment each month.

ladybez

Hi, Steve. One suggestion to help you complie and accurate SOA, would be for you to keep a spending diary, making sure you write everything, no matter how small, down. This should give you some idea of where the money is going.x