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Posts: 23 Forumite
[ new]Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 0.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 2,568.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile phones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
TV licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.12
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.43
Home phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.00
Council tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136.00
Overdraft cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
Bank account fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 469.70
Plumbing/Boiler cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.00
Mortgage life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.78
Mortgage payment protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and household shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 433.33
Drinks for home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108.33
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.12
Car insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.10
Car maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.33
Rail/Buses/Taxis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Breakdown cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
car lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Debt Repayments
Credit card repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310.00
Hire purchase repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal loan repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car loan repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131.54
business card . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Savings & Investments
Pension payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.82
Buying shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cash ISAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump sum saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.00
School trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Children's travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby-sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Childcare/Playgroups. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.50
Travel insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
dog walker. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73.67
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.99
Family days out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big days out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.67
Shopping for fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
IT/Computing (antivirus, etc) . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
DVD rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Drinking out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Clothes, Health & Beauty
Complementary therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Optical bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.17
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.17
Beauty treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Healthcare cash plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dental insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private medical insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Work clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New children's clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.67
Education & Courses
University tuition fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One-Offs
Funeral expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.17
Winter holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.33
Odds & Sods
Newspapers and magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 16.67
Regular charity donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
window cleaner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.00
tablets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.40
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,568.00
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,519.00
[/font]
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 0.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 2,568.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile phones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
TV licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.12
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.43
Home phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.00
Council tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136.00
Overdraft cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
Bank account fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 469.70
Plumbing/Boiler cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.00
Mortgage life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.78
Mortgage payment protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and household shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 433.33
Drinks for home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108.33
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.12
Car insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.10
Car maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.33
Rail/Buses/Taxis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Breakdown cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
car lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Debt Repayments
Credit card repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310.00
Hire purchase repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal loan repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car loan repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131.54
business card . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Savings & Investments
Pension payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.82
Buying shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cash ISAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump sum saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.00
School trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Children's travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby-sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Childcare/Playgroups. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.50
Travel insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
dog walker. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73.67
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.99
Family days out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big days out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.67
Shopping for fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
IT/Computing (antivirus, etc) . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
DVD rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Drinking out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Clothes, Health & Beauty
Complementary therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Optical bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.17
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.17
Beauty treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Healthcare cash plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dental insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private medical insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Work clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New children's clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.67
Education & Courses
University tuition fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One-Offs
Funeral expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.17
Winter holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.33
Odds & Sods
Newspapers and magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 16.67
Regular charity donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
window cleaner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.00
tablets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.40
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,568.00
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,519.00
[/font]
0
Comments
-
[ new]Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 0.00
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 2,568.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile phones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
TV licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.12
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.43 This is a lot, does it cover other things as well?
Home phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00 this is high
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.00 and this - can you cut down or get a better deal?
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.00 Might a meter be an idea, if you are not already on one? Of course this depends on the size of your household.
Council tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136.00
Overdraft cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.00
Bank account fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00 You ought to have something here
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 469.70
Plumbing/Boiler cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.00
Mortgage life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.78
Mortgage payment protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and household shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 433.33 For how many people?
Drinks for home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108.33 Can this not be cut down?
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.12
Car insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.10 Is this right? Seems too low
Car maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.33 Is this realistic?
Rail/Buses/Taxis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Breakdown cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
car lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Debt Repayments
Credit card repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310.00
Hire purchase repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Personal loan repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car loan repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131.54
business card . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
Savings & Investments
Pension payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.82
Buying shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cash ISAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump sum saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.00
School trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Children's travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby-sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Childcare/Playgroups. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.50
Travel insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
dog walker. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73.67 Is this needed?
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.99
Family days out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big days out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.67
Shopping for fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
IT/Computing (antivirus, etc) . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
DVD rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Drinking out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
Clothes, Health & Beauty
Complementary therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Optical bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.50
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.17
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.17
Beauty treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Healthcare cash plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dental insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private medical insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Work clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New children's clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.67
Education & Courses
University tuition fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One-Offs
Funeral expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.17
Winter holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.33
Odds & Sods
Newspapers and magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 16.67
Regular charity donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00
window cleaner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.00
tablets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.40
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,568.00
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,519.00
[/font]
Some suggestions above, nothing you haven't thought of, I am sure. The sum for groceries isn't meaningful without knowing how many you are catering for though! I am assuming you are putting away a proportion of your self employed earnings for HMRC? (I am self employed too). Good luck with it all.0 -
I am a mobile hairdresser so petrol is an expense I can't change. I have 3 dogs that I know cost me but they are family. £42.42 Internet is sky. I pay that for phone broadband and TV. I want to swop this and get rid of TV.. £100 business card is stock. I did guess this and it might be a little less. I did remove £15 /mth business account charges because I thought I could swop accounts but still need to look into that plus I have a £750 od on business account and not sure what to do with that if I change accounts. Need to cut down on food and alcohol. Me and husband enjoy a bottle of wine or two a week but we don't go out much. That could go if necessary0
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Thanks DawnW. Our house hold is two adults and a teenager. It is a 4 bed detached and we have a water meter don't think I can do much about water and I pay £82 /mth for gas and electricity I have just changed this and was paying £116 so was quite pleased. Do you think could get it for less?
House insurance I payed for year and wasn't much could remember figure so left it out for now.
The two days I am out for a long time (to long for dogs to be left) I pay a dog Walker. I could arrange for half hour walk instead of 45 mind to reduce amount if necessary.
Alcohol could definitely go. I would rather for go this than dog Walker
I lease my car. it is new and only needs a service. It is a small car. Think I put £100 for year.maybe I underestimated. Insurance... I'm old with lots of no claims lol
Really need to sort out sky. £42 is at least 20 more than I want. On list of to do's for Monday.. My next day off0 -
There should be very roughly £416 of tax+NI savings put aside per month (assuming all the vehicle cost is an allowable expense) out if the gross self employment income - is that just not shown?
(there is £16.67 listed, but it must be much more than that with almost £31,000 of income?)0 -
Spreadsheetman. I did the budget on my own but clumped together my income (which I averaged out at) £366.50 /wk and the £980/mth my husband pays into the bill paying account.0
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Your husband, your teenager and yourself should be able to organise your days and walk the dogs/before/after and someone during the day to save on the dog walker at least a few days a week?0
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Spreadsheetman. I did the budget on my own but clumped together my income (which I averaged out at) £366.50 /wk and the £980/mth my husband pays into the bill paying account.
your husband puts £980 a month into the bill paying account and you pay EVERYTHING?
why are you paying more than him ? ( all bills, rent/mortgage. all utilities.food etc)
seems a vit unfair0 -
On my way. I manage to get home 3 days to walk dogs. On the day the other 2 days I work all day and don't get back. My husband is out all day and teenager is a college. I don't like them left without toilet break/walk for more than 4-5 hrs. I could cut time down from 45mins walk to 30 mins which would be cheaper.0
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Nannytone you make a very good point. Original plan was £980 pays for most of house hold bill. I pay for food any everything else. I do think that I end up on the loosing side and because I am self employed, I have a lot of cash that is easy to spend without thinking. This I have realised is one of the reasons (amongst others) that I have huge cc debt.
I have had a serious talk with husband and said he needs to do more.0 -
Some thoughts:
On the face of it, you should be saving for income tax (avg. £134.30 pm) and national insurance. I don't know whether you write down any of your costs - e.g. petrol, car, business card - against profit, but at first glance you'd be paying class 4 NI which work out to about £82.49 pm before deductions, and your tax/NI provision should be approx £217statement of affairs and personal balance sheet
monthly income details
income from employment (after tax). . . . . . . . . . . . . . . . . . 980
income from self employment (before tax). . . . . . . . . . . . . . . 1588.17 I've split your contribution (gross money) from your husband's (net money), as this will make it easier to calculate your tax liability and consequently how much you really have.
state pension . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 0.00
private pension / annuity payout. . . . . . . . .. . . . . . . . . . . 0.00
benefits (inc. Child benefit/tax credits & income support). . . . . . 0.00
income from savings & investments . . . . . . . . . . . . . . . . . . 0.00
gifts from family / friends . . . . . . . . . . . . . . . . . . . . . 0.00
So what you actually have as "your" money to use is £2351.38
Summarising the rest through one of my own filters (criteria are somewhat subjective, but meh)
Important. . . . . . 802.43
Discretionary. . . . . . 44
Groceries. . . . . . 541.66
Lifestyle. . . . . . 176.67
The dog. . . . . . 165.67
The car. . . . . . 167.55
Business Debt. . . . . . 100
Personal Debt. . . . . . 468.54
Savings. . . . . . 52.49
Total. . . . . . 2519.01
Tax adjusted income: 2351.38
Amount left each month: -167.38
Dawn's advice above covered pretty much everything, although I'd perhaps also mention that boiler insurance tends to be more expensive in the long run than simply having a local plumber service the boiler each year.0
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