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The_fog_has_lifted
Posts: 204 Forumite
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 7
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1883.64 (includes tax credits)
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1883.64
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 80 (subsidised as im student nurse)
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 60
Telephone (land line)................... 0
Mobile phone............................ 15 (cheaper than payg as i use it for unlimited internet too)
TV Licence.............................. 0
Satellite/Cable TV...................... 0 (no tv)
Internet Services....................... 0
Groceries etc. ......................... 580 (im sure i could cut this more, any tips??)
Clothing................................ 100 (this is mostly absorbed in the kids shoes/ uniform and stuff)
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 240 (car had to be scrapped so its bus for us now, this is for 1 adult and 3 paying kids)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 17.25
Life assurance ......................... 19.3
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80
Haircuts................................ 15 (for 7 of us?)
Entertainment........................... 85
Holiday................................. 0
Emergency fund.......................... 0
school expenses (trips etc)............. 15
divorce fees............................ 100 im paying £100 per months to spread the cost, its estimated to be in the region of £2000)
Total monthly expenses.................. 1566.55
Assets
Cash.................................... 1000 (emergency fund in savings account!)
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 1000
Monthly Budget Summary
Total monthly income.................... 1,883.64
Expenses (including HP & secured debts). 1,566.55
Available for debt repayments........... 317.09
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 317.09
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 1,000
Debt currently stands at the amount in my sig, ive sold off loads of our 'stuff' to plough away at it and still doing so.
Household Information
Number of adults in household........... 1
Number of children in household......... 7
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1883.64 (includes tax credits)
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1883.64
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 80 (subsidised as im student nurse)
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 60
Telephone (land line)................... 0
Mobile phone............................ 15 (cheaper than payg as i use it for unlimited internet too)
TV Licence.............................. 0
Satellite/Cable TV...................... 0 (no tv)
Internet Services....................... 0
Groceries etc. ......................... 580 (im sure i could cut this more, any tips??)
Clothing................................ 100 (this is mostly absorbed in the kids shoes/ uniform and stuff)
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 240 (car had to be scrapped so its bus for us now, this is for 1 adult and 3 paying kids)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 17.25
Life assurance ......................... 19.3
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80
Haircuts................................ 15 (for 7 of us?)
Entertainment........................... 85
Holiday................................. 0
Emergency fund.......................... 0
school expenses (trips etc)............. 15
divorce fees............................ 100 im paying £100 per months to spread the cost, its estimated to be in the region of £2000)
Total monthly expenses.................. 1566.55
Assets
Cash.................................... 1000 (emergency fund in savings account!)
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 1000
Monthly Budget Summary
Total monthly income.................... 1,883.64
Expenses (including HP & secured debts). 1,566.55
Available for debt repayments........... 317.09
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 317.09
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 1,000
Debt currently stands at the amount in my sig, ive sold off loads of our 'stuff' to plough away at it and still doing so.
:happyhear Single Mummy to 7 beautiful kids, :coffee:Snowballing through life, just one day at a time!
Dave Ramsey fan- getting Gazelle Intense.
Debt to Slash [STRIKE]£23,457[/STRIKE]£15,562 :eek::eek:
Debt free by 2017! :T:T:T
Dave Ramsey fan- getting Gazelle Intense.
Debt to Slash [STRIKE]£23,457[/STRIKE]£15,562 :eek::eek:
Debt free by 2017! :T:T:T
0
Comments
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Wow, you are bringing up 7 children on your own and still have time to be a student nurse :T I love the way you randomly come across such amazing people on this forum
The gas and electricity look a bit high, but I suppose you are living in quite a big house given the size of your family, so this might not be the case?0 -
Water, gas and electricity seem high.
Are you on a water meter?
Check U-Switch for a better deal on gas and electricity.
No details listed for the debts. I suggest you list them, so people can advise on the best way to deal with them.
Are all the children under working age?0 -
The_fog_has_lifted wrote: »
Water rates............................. 60
I think it's possible to get your water rates capped if you are receiving benefits and have at least 3 children under 19. Please check and see if you qualify:
http://www.ofwat.gov.uk/consumerissues/assistance/watersure/
TTFTM xLBM 10/1/12 ~ DFW Start 6/2/12: £82,344 ~ Now Zero:staradmin:starmod::staradmin Debt free 17th April 2015 :staradmin:starmod::staradmin
Eternal thanks to the DMP & Mutual Support (no.439) and Payment a Day ThreadsMortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads"Debt is normal. Be weird!" Dave RamseyProud to have dealt with our debt
0 -
Wow, you are bringing up 7 children on your own and still have time to be a student nurse :T I love the way you randomly come across such amazing people on this forum
The gas and electricity look a bit high, but I suppose you are living in quite a big house given the size of your family, so this might not be the case?
Gas and electricity on meters am can't get off them at the moment, I'm with ecotricity and they are the cheapest- thanks tho!:happyhear Single Mummy to 7 beautiful kids, :coffee:Snowballing through life, just one day at a time!
Dave Ramsey fan- getting Gazelle Intense.
Debt to Slash [STRIKE]£23,457[/STRIKE]£15,562 :eek::eek:
Debt free by 2017! :T:T:T0 -
I applied for this but they said I didn't qualify :-( I think I do so will enquire again- thanks for replyingTime_to_face_the_music wrote: »I think it's possible to get your water rates capped if you are receiving benefits and have at least 3 children under 19. Please check and see if you qualify:
http://www.ofwat.gov.uk/consumerissues/assistance/watersure/
TTFTM x:happyhear Single Mummy to 7 beautiful kids, :coffee:Snowballing through life, just one day at a time!
Dave Ramsey fan- getting Gazelle Intense.
Debt to Slash [STRIKE]£23,457[/STRIKE]£15,562 :eek::eek:
Debt free by 2017! :T:T:T0 -
Hi does your ex pay child maintenance? have you counted this? Have you forgotten to add your child benefit in the benefits column or is all your income listed together xPay ALL your debt off by Xmas 2023 #59 £7008 Paid £570 Owing £6438 #1 H1 £151, #2 H2 £100, #3 O £200, #4 M £1500, #5 Z £295, #6 C1 £340, #7 L £1084, #8 N £840, #9 C2 £19300
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I've added all my income together, ex pays no child maintenance and i'm sick to death of chasing it- he flits between JSA and part time work and is now registered at college so apparently the CSA cant touch his money as he is a registered student.Hi does your ex pay child maintenance? have you counted this? Have you forgotten to add your child benefit in the benefits column or is all your income listed together x
We did discuss this at our last mediation and he just says he cant afford it and refuses to give a SOA to them, not that it makes a difference as it just gets referred back to CSA to look into and they claim they cant help me while he is at college.
The annoying thing is that most of the debt was racked up by him and he has left it all to me to pay off.:happyhear Single Mummy to 7 beautiful kids, :coffee:Snowballing through life, just one day at a time!
Dave Ramsey fan- getting Gazelle Intense.
Debt to Slash [STRIKE]£23,457[/STRIKE]£15,562 :eek::eek:
Debt free by 2017! :T:T:T0 -
I prefer not to list all the debts a this makes it more likly some who i may know in real life will see it on here and i prefer them not to know.Bedsit_Bob wrote: »Water, gas and electricity seem high.
Are you on a water meter?
Check U-Switch for a better deal on gas and electricity.
No details listed for the debts. I suggest you list them, so people can advise on the best way to deal with them.
Are all the children under working age?
its mostly a HSBC loan- solely in my name (i know- stupid stupid woman!!!!)
tax credits overpayment as ex didn't send back ANY of the info they requested as we are 'jointly responsible and liable for the full outstanding amount'. he wont pay his half so it looks like its down to me.
the rest is mobile phone bill and a few cc.:happyhear Single Mummy to 7 beautiful kids, :coffee:Snowballing through life, just one day at a time!
Dave Ramsey fan- getting Gazelle Intense.
Debt to Slash [STRIKE]£23,457[/STRIKE]£15,562 :eek::eek:
Debt free by 2017! :T:T:T0 -
The_fog_has_lifted wrote: »The annoying thing is that most of the debt was racked up by him and he has left it all to me to pay off.
If it's consumer debt (loans, Credit Cards etc.), rather than Rent, Council Tax, Utilities etc., then you aren't liable for the debts, if he took them out on his own.the rest is mobile phone bill and a few cc.
As above, if the mobile phone bill and CCs are in his name only, you aren't liable for them.0 -
The_fog_has_lifted wrote: »I've added all my income together, ex pays no child maintenance and i'm sick to death of chasing it- he flits between JSA and part time work and is now registered at college so apparently the CSA cant touch his money as he is a registered student.
We did discuss this at our last mediation and he just says he cant afford it and refuses to give a SOA to them, not that it makes a difference as it just gets referred back to CSA to look into and they claim they cant help me while he is at college.
The annoying thing is that most of the debt was racked up by him and he has left it all to me to pay off.
Ah sorry sounds like my ex, we split up 11 years ago, doesn't pay a penny. CSA can't help as when they finally did start taking it from his wages, he quit his job and went self employed, grr I've given up xxPay ALL your debt off by Xmas 2023 #59 £7008 Paid £570 Owing £6438 #1 H1 £151, #2 H2 £100, #3 O £200, #4 M £1500, #5 Z £295, #6 C1 £340, #7 L £1084, #8 N £840, #9 C2 £19300
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