SOA Help

anniekaiya

It does say 2 as 2 live at home 1 with his mum, but we still have to provided him with clothes as she isn't exactly brilliant at it

anniekaiya

woodformoretrees wrote: »

OP is very far away from being able to contribute 50% to the household on their wage, regardless of clothing budget and child numbers though.

Sorry to sound silly but what does OP stand for?

woodformoretrees

:ASorry.....Original poster... rude of me, was in a rush and all your i's and y's left me in a tizz.

anniekaiya

woodformoretrees wrote: »

:ASorry.....Original poster... rude of me, was in a rush and all your i's and y's left me in a tizz.

Lol thank you thought it was but thought if check, thanks for your help

sort_me_own_yard_out

jules888 wrote: »

£90 a month for clothing is high!

with 3 children I would of put down £150 but at the top you only state 2 children living in yuor household so would go for £120. I put down £25 per person on my SOA and the OR raised it to £30 each.

Good Luck

tigerfeet2006

anniekaiya wrote: »

Hi thanks for the help,

The income and expenses is both mine and my partners as I would told they would require this information even though it's just me deal ring BR, my salary wouldn't even cover childcare lol,

The extra child expense is my partners to his ex partner for maintaence payments, THIS WOULD NOT BE INCLUDED ON YOUR SoA for BR. ALSO HIS PHONE.

Il amend and add the things like car tax haircuts iv never put a budget for these as we can never afford them, hence why I'm here now robbing of Peter to pay Paul!!

With the above figures does this stand a chance for BR? Iv looked in to debt management today and the monthly payment would still leave us with nothing every month so how can they say this is stress free


My heads needs to pop x

On the BR form you would put your expenses and your joint household expenses and what your OH (other half) contributes to the joint household expenses.

Does this 3rd child spend much time at your house?

You can also put down school dinners for those that live with you, £2.50 a day for primary. Also £5 per week per child for activities.

debt_doctor

I think the clothing is fine and I would have another £150pm for housekeeping/ groceries.


DD

tigerfeet2006

debt_doctor wrote: »

I think the clothing is fine and I would have another £150pm for housekeeping/ groceries.


DD

Thanks DD, for some reason I read that as £540.

I agree with DD, put that up to around £500.

Noodles78

anniekaiya wrote: »

HI All iv just completed a SOA form to get ready to take to citizens advise etc, i have included my partners earnings (although its just me declaring bankruptcy) this is true to my knowledge any one pick up on things i should include? i have included my car (atlhough its in my name) i never purchased it but included it just incase.



Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 698
Partners monthly income after tax....... 1700
Benefits................................ 132
Other income............................ 0
Total monthly income.................... 2530
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 385
Management charge (leasehold property).. 0
Council tax............................. 95
Electricity............................. 60
Gas..................................... 51
Oil..................................... 0
Water rates............................. 29
Telephone (land line)................... 0 Is this included with Internet Services?
Mobile phone............................ 80
TV Licence.............................. 12.12- Don't forget the pennies. They all add up.
Satellite/Cable TV...................... 35
Internet Services....................... 27
Groceries etc. ......................... 340-500
Clothing................................ 90-150
Petrol/diesel........................... 200
Road tax................................ 0- What ever this is divide by 12 months.
Car Insurance........................... 57
Car maintenance (including MOT)......... 0-30
Car parking............................. 0-Any at all?
Other travel............................ 0
Childcare/nursery....................... 400
Other child related expenses............ 120
Medical (prescriptions, dentist etc).... 0- Nothing at all between a family of 5?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0-Should have this?
Life assurance ......................... 0
Other insurance......................... 0- Any others?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0- 40-50
Entertainment........................... 0
Holiday................................. 0- 80-100 as there is 5 of you.
Emergency fund.......................... 40-50
Total monthly expenses.................. 2021

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 3000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................10000.....180.......6.9
credit card....................385.......25........20
credit card....................325.......25........20
studio.........................130.......20........18
next...........................240.......12........18
catalogue......................2000......225.......6.9
catalogue......................1700......55........23
loan...........................4100......171.......23
Total unsecured debts..........18880.....713.......-

Monthly Budget Summary
Total monthly income.................... 2,530
Expenses (including HP & secured debts). 2,021
Available for debt repayments........... 509
Monthly UNsecured debt repayments....... 713
Amount short for making debt repayments. -204
Personal Balance Sheet Summary
Total assets (things you own)........... 3,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -18,880
Net Assets.............................. -15,880

Anything in red is just my view with the added help of other peoples comments.


At the end of the day the OR will decide if these are reasonable costs for you & your family. If they say no to something then you'll need to justify why you require something at that cost then negotiate with the OR a cost or maybe a cheaper alternative. Reading posts on here the OR has even upped peoples expenses in areas to help them. Just don't take the p#ss with stupidly high costs in areas unless you can justify it as the OR isn't stupid. They deal with SOA's everyday but saying that don't undercut yourself & leave yourself struggling to meet day-to-day costs either.


My personal view would be to sit down with your partner. Note every fixed cost like rent, council tax, Car Ins, etc, etc (as these don't change & can't) then between you take advice from people who have commented on this post already about other areas of costs like food, clothing etc, etc then resubmit your New SOA on here for us all to comment again.


You'll find you will have at least another 10 attempts, even more before getting it somewhere right as you will miss cost like you already have.


Good luck.