I give up

sacha28

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.................... 2

Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 900
Benefits................................ 81.2
Other income............................ 0
Total monthly income.................... 2181.2

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 725
Management charge (leasehold property).. 0
Council tax............................. 133 (Will reduce to £96 in April)
Electricity............................. 79 (We are not on the grid for gas. We have NSH but they aren't connected up to power supply so, once EDF see that our usage isn't as much as they anticipated (they increased my amount after last meter reading to 'allow for increased usage over winter) they will hopefully reduce the amount!)
Gas..................................... 0
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 16.75 (line rental)
Mobile phone............................ 40 (6 months left on contract)
TV Licence.............................. 29 (will reduce to the £12 pm amount in March)
Satellite/Cable TV...................... 30 (This includes internet access. Unfortunately, when we moved, we were in a much better position and we took Sky with us but they signed me up for another 12 month contract when we used the home move service. The TV is a basic package, the internet is £17 of this as we are rural and this is all we could get)
Internet Services....................... 0
Groceries etc. ......................... 217 We have reduced this from £350 by going to Aldi )
Clothing................................ 0
Petrol/diesel........................... 350 (This is access visits, commute to OH's work and my commute to work. Will soon decresae as OH has started a job here)
Road tax................................ 32 (We opted to pay monthly, this is for 2 cars. We need 2 cars due to our location and shifts. We only had 1 car originally but regularly came unstuck)
Car Insurance........................... 62.99 (The 2nd car is my car. I have only ever been a named driver on a policy, never had my own, despite driving for 10 years so I have no NCB. £38 PM is my insurance )
Car maintenance (including MOT)......... 20
Car parking............................. 30
Other travel............................ 0
Childcare/nursery....................... 335 (As of April my son gets free hours so this will decrease to £165pm)
Other child related expenses............ 136 (Child maintenance but will reduce to £86 next month (and hopefully remain at that!))
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 (Can't afford it)
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0 (I wish )
Total monthly expenses.................. 2265.74


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 700
Other assets............................ 0
Total Assets............................ 700

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 2,181.2
Expenses (including HP & secured debts). 2,265.74
Available for debt repayments........... -84.54
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -84.54

Personal Balance Sheet Summary
Total assets (things you own)........... 700
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 700

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

So that's how things stand at the moment, as you can see things will improve in a few months....it's just getting there!!

Should I post an SOA for in the future when things improve? May help drag my head out of where it is right now.

notanewuser

sacha28 wrote: »

Should I post an SOA for in the future when things improve? May help drag my head out of where it is right now.

Absolutely!!!

sacha28

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.................... 2

Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 1100
Benefits................................ 81.2
Other income............................ 0
Total monthly income.................... 2381.2

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 725
Management charge (leasehold property).. 0
Council tax............................. 96
Electricity............................. 79
Gas..................................... 0
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 16.75
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 30
Internet Services....................... 0
Groceries etc. ......................... 217
Clothing................................ 0
Petrol/diesel........................... 200
Road tax................................ 32
Car Insurance........................... 62.99
Car maintenance (including MOT)......... 20
Car parking............................. 30
Other travel............................ 0
Childcare/nursery....................... 150
Other child related expenses............ 86
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)...... 10
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1826.74


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 700
Other assets............................ 0
Total Assets............................ 700

No Secured nor Hire Purchase Debts

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


Monthly Budget Summary
Total monthly income.................... 2,381.2
Expenses (including HP & secured debts). 1,826.74
Available for debt repayments........... 554.46
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 554.46

Personal Balance Sheet Summary
Total assets (things you own)........... 700
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 700

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

Bloody hell, that looks better!!!!!!!

My maths was a bit off on the childcare, see new, improved amount!

notanewuser

Can you and hubby get childcare vouchers through your work? You'll save on tax and NI.

When things improve (should be by the middle of next month?) please please please get contents insurance. It's really important.

notanewuser

sacha28 wrote: »

Bloody hell, that looks better!!!!!!!

My maths was a bit off on the childcare, see new, improved amount!

That's much better! How long for all of these changes to hit? 3 months-ish?

sacha28

notanewuser wrote: »

Can you and hubby get childcare vouchers through your work? You'll save on tax and NI.

When things improve (should be by the middle of next month?) please please please get contents insurance. It's really important.

We use childcare vouchers

As for contents insurance, I know how important it is but just haven't been in a position to even think about it

sacha28

notanewuser wrote: »

That's much better! How long for all of these changes to hit? 3 months-ish?

Ish! Travel costs will go down very soon (although there is another half term next month!).

Actually seeing it in black and white has made me feel much more positive

notanewuser

sacha28 wrote: »

We use childcare vouchers

As for contents insurance, I know how important it is but just haven't been in a position to even think about it

I know, that's why I said when things have improved a bit.

notanewuser

sacha28 wrote: »

Ish! Travel costs will go down very soon (although there is another half term next month!).

Actually seeing it in black and white has made me feel much more positive

There you go! What a difference an hour makes.

sacha28

notanewuser wrote: »

There you go! What a difference an hour makes.

Thank you, everyone (and you!), this morning I felt like a complete failure I knew things were going to improve a bit in a few months but hadn't done the sums properly so seeing the new, improved, SOA that awaits my lovely family has lifted me

There's still a way to go but I can only thank god that we have no debts to worry about as that would make things virtually impossible.

On another note, if anyone can see anything on my current SOA that I could improve on please let me know!!