Circumstances changing-new S.O.A

woodformoretrees

Also, definitely add car parking - every driver must pay at least something to park in the average year unless they're incredibly lucky.

Deano_66

Hiya folks, updated SOA for your consideration please

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1482
Partners monthly income after tax....... 500
Benefits................................ 84
Other income............................ 0
Total monthly income.................... 2066

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 85
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 13
Satellite/Cable TV...................... 60
Internet Services....................... 0
Groceries etc. ......................... 450
Clothing................................ 135
Petrol/diesel........................... 120
Road tax................................ 15
Car Insurance........................... 36
Car maintenance (including MOT)......... 25
Car parking............................. 10
Other travel............................ 30
Childcare/nursery....................... 0
Other child related expenses............ 80
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 35
Entertainment........................... 20
Holiday................................. 50
Emergency fund.......................... 30
School Meals............................ 40
Trade Union Membership.................. 12
Total monthly expenses.................. 2036


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 2,066
Expenses (including HP & secured debts). 2,036
Available for debt repayments........... 30
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 30

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500

There'll be myself, my partner and her 6 year old daughter in the household.
The 'other child related expenses' section refers to my son when he stays-additional petrol & food, plus my partner's little ones School Meals.
The 'satellite/cable tv section is Sky-£60 covers tv, landline & broadband and is already in place in my partner's house.
My car was exempted by my OR in the first instance, so this should be fine.
£40 is for both our mobiles, £20 each.
£84 is child benefit, received for my partner's little girl.

Plus, as i said in my OP, there's a new arrival on the horizon and we need to buy absolutely everything for him/her

luvchocolate

The only things that jumped out to me were presents and entertainment these are not allowable expenses, would have to found from some other area.

Deano_66

Thanks folks. I need to submit this by friday, so if anyone has anything else to add, feel free
As far as the new baby goes, i think all i can do is pop a note in with the IPOQ saying we need to buy everything, and to be honest, i can't budget for any of it, cot, pushchair, everything we need really.

egrescrimp

Have you checked to see if you are entitled to https://www.gov.uk/sure-start-maternity-grant/overview ?

Deano_66

Thanks egre, we'll look into that

Deano_66

Evening folks, update on my original post. I sent off the new IPOQ around 2 and a half weeks ago. Up until last night i'd had no response so i emailed my OR. She mailed me back around lunchtime today saying she'd received nothing from C&W, so she contacted them and got my new IPOQ. She's allowed everything i posted above and set my IPA to nil, with the understanding that if circumstances or income change within the 36 month period i have to contact the office. I'm delighted with this decision, as you can imagine

owlet

Wonderful news. Hope all goes well with your new arrival :-)