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Soa Help
autumn2012_2
Posts: 223 Forumite
Im not sure if I have done this right!
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 850
Partners monthly income after tax....... 1400
Benefits................................ 138
Other income............................ 0
Total monthly income.................... 2388[/B]
Monthly Expense Details
Mortgage................................ 275
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 106
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 0
Mobile phone............................ 80
TV Licence.............................. 12
Satellite/Cable TV...................... 45
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 20
Petrol/diesel........................... 140
Road tax................................ 3
Car Insurance........................... 56
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 20
Buildings insurance..................... 10
Contents insurance...................... 6
Life assurance ......................... 25
Other insurance......................... 7
Presents (birthday, christmas etc)...... 40
Haircuts................................ 2
Entertainment........................... 25
Holiday................................. 0
Emergency fund.......................... 40
Total monthly expenses.................. 1370
Assets
Cash.................................... 660
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 6500
Other assets............................ 2000
Total Assets............................ 109160
Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 65000.......275........2.75
Total secured & HP debts...... 0.....-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
Santander Loan...................8300......230.... .7
Loan....................5200......220...... .13.2
Car........................8100......220....... .7
Sofa.........................210......30....... .0
Cooker.....................289......30....... .0
Total unsecured debts..........22100.....730....-
Monthly Budget Summary
Total monthly income.................... 2388
Expenses (including HP & secured debts). 1,535
Available for debt repayments........... 850
Monthly UNsecured debt repayments....... 730
Amount left after debt repayments....... 120
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 850
Partners monthly income after tax....... 1400
Benefits................................ 138
Other income............................ 0
Total monthly income.................... 2388[/B]
Monthly Expense Details
Mortgage................................ 275
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 106
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 0
Mobile phone............................ 80
TV Licence.............................. 12
Satellite/Cable TV...................... 45
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 20
Petrol/diesel........................... 140
Road tax................................ 3
Car Insurance........................... 56
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 20
Buildings insurance..................... 10
Contents insurance...................... 6
Life assurance ......................... 25
Other insurance......................... 7
Presents (birthday, christmas etc)...... 40
Haircuts................................ 2
Entertainment........................... 25
Holiday................................. 0
Emergency fund.......................... 40
Total monthly expenses.................. 1370
Assets
Cash.................................... 660
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 6500
Other assets............................ 2000
Total Assets............................ 109160
Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 65000.......275........2.75
Total secured & HP debts...... 0.....-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
Santander Loan...................8300......230.... .7
Loan....................5200......220...... .13.2
Car........................8100......220....... .7
Sofa.........................210......30....... .0
Cooker.....................289......30....... .0
Total unsecured debts..........22100.....730....-
Monthly Budget Summary
Total monthly income.................... 2388
Expenses (including HP & secured debts). 1,535
Available for debt repayments........... 850
Monthly UNsecured debt repayments....... 730
Amount left after debt repayments....... 120
0
Comments
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if you cannot overpay on the loans or car finance, and the cooker and sofa are staying at 0% until they are paid off, I'd stick this in a savings account for now, then maybe when you have a good amount saved, pay off the loan in full.autumn2012 wrote: »Im not sure if I have done this right!
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 850
Partners monthly income after tax....... 1400
Benefits................................ 138
Other income............................ 0
Total monthly income.................... 2388[/B]
Monthly Expense Details
Mortgage................................ 275
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 106
Electricity............................. 50 I'd check comparison sites for both gas and electric tariffs
Gas..................................... 50
Oil..................................... 0
Water rates............................. 50
Telephone (land line)...................
Mobile phone............................ 80 gosh this is a lot!even with no landline, when are you out of contract-look at how much you use from your allowances and try and get better deals!
TV Licence.............................. 12
Satellite/Cable TV...................... 45 you could get rid of this, try freeview for a one off box price
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 20
Petrol/diesel........................... 140
Road tax................................ 3
Car Insurance........................... 56
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 20 agin, check comparison sites,also try cashback sites
Buildings insurance..................... 10
Contents insurance...................... 6
Life assurance ......................... 25
Other insurance......................... 7
Presents (birthday, christmas etc)...... 40
Haircuts................................ 2
Entertainment........................... 25
Holiday................................. 0
Emergency fund.......................... 40really good you already have this, stops the use of credit cards for repairs etc
Total monthly expenses.................. 1370
Assets
Cash.................................... 660
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 6500
Other assets............................ 2000
Total Assets............................ 109160
Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 65000.......275........2.75
Total secured & HP debts...... 0.....-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
Santander Loan...................8300......230.... .7
Loan....................5200......220...... .13.2can you make overpayments on either of the loans?
Car........................8100......220....... .7
Sofa.........................210......30....... .0 does the 0% end on this?have you aimed to pay this off before the interest kicks in?
Cooker.....................289......30....... .0 does this stop at 0% until paid off?
Total unsecured debts..........22100.....730....-
Monthly Budget Summary
Total monthly income.................... 2388
Expenses (including HP & secured debts). 1,535
Available for debt repayments........... 850
Monthly UNsecured debt repayments....... 730
Amount left after debt repayments....... 120LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL0 -
The mobile phones are in contract for a year - then we are going down to sim only deals! Sky includes landline and internet. The sofa is on interest free finance which finishes Sept, Cooker is also the same 12 m remaining ( its not for me I bought for my cousin) I have no CC. Yes I can make overpayments on both the loans with no penalty so thats a help.0
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Pay off the loan/s with the highest apr first.
Do you actually have £120 left each month ?0 -
Happy with the amount you're shelling out on a monthly basis for mobile phone, Satellite/Cable TV, presents and entertainment...?0
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ah, well if you have landline as well, the mobile bill is massive! would they let you reduce the package a bit?
if you can overpay the loan, pay the one with the highest interest first, set up a standing order perhaps so you don't spend that extra money, once the cooker and sofa are paid off you can put those monthly payments towards loans too, good stuff:)LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL0 -
ReadingTim wrote: »Happy with the amount you're shelling out on a monthly basis for mobile phone, Satellite/Cable TV, presents and entertainment...?
Mobile Phones will be getting downgraded as soon as we are out of contract. Presents - £500 per year for everything is cheap as it is. TV includes landline and internet - entertainment is my netflix and spotify ... So yes pretty happy :-)0 -
asparagus1968 wrote: »ah, well if you have landline as well, the mobile bill is massive! would they let you reduce the package a bit?
if you can overpay the loan, pay the one with the highest interest first, set up a standing order perhaps so you don't spend that extra money, once the cooker and sofa are paid off you can put those monthly payments towards loans too, good stuff:)
Yes - Not really much I can cut back on really. It says I only have 120 left per month but I think we must have more than that.0 -
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do you use cashback sites at all? I use top cash back, but thereis quidco too. If you can't cutback anywhere, you can make a little money on your insurances and any online shopping you do, every penny helps...LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL0
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autumn2012 wrote: »Im really not sure as I normally have more than that left over - we manage to go out places and buy a few treats along the way
you probably need to do a spending diary in that case!:)LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL0
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