stuck in overdraft

Cafuddlepants

sorry what is an SOA?

glentoran99

Cafuddlepants wrote: »

70 a week for petrol £100 a month allowance ? so its costing me £280 in petrol just to drive around work, and I get £100 help, a lot of the carers only need to put on £30 a week for their cars.

ah my mistake, I read it as £100 a week allowance

glentoran99

Cafuddlepants wrote: »

sorry what is an SOA?

statement of affairs


All your income and outgoings

Cafuddlepants

okay I will sit down and work all of that out later on thank you all very much for your help you are all so kind

Cafuddlepants

never thought in a million years this would happen to me

glentoran99

Cafuddlepants wrote: »

never thought in a million years this would happen to me

here ya go


http://www.stoozing.com/calculator/soa.php


then post the results over here


http://forums.moneysavingexpert.com/forumdisplay.php?f=76


They always find savings over there

Cafuddlepants

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 1400
Benefits................................ 188
Other income............................ 0
Total monthly income.................... 2988

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 154
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 170
Electricity............................. 45
Gas..................................... 47
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 0
Mobile phone............................ 21
TV Licence.............................. 12
Satellite/Cable TV...................... 17
Internet Services....................... 18
Groceries etc. ......................... 600
Clothing................................ 20
Petrol/diesel........................... 240
Road tax................................ 17
Car Insurance........................... 47
Car maintenance (including MOT)......... 29.16
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 150
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)...... 50
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 100
Total monthly expenses.................. 2447.16


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 600......(154)......0
Total secured & HP debts...... 600.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................800.......20........0
Total unsecured debts..........800.......20........-


Monthly Budget Summary
Total monthly income.................... 2,988
Expenses (including HP & secured debts). 2,447.16
Available for debt repayments........... 540.84
Monthly UNsecured debt repayments....... 20
Amount left after debt repayments....... 520.84

Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -600
Total Unsecured debt.................... -800
Net Assets.............................. -400

Cafuddlepants

think ive done this right ? I will post onto the debt free boards thank you everyone for your help

glentoran99

Cafuddlepants wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1400
Partners monthly income after tax....... 1400
Benefits................................ 188
Other income............................ 0
Total monthly income.................... 2988

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 154
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 170
Electricity............................. 45
Gas..................................... 47
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 0



Mobile phone............................ 21

(For two mobile phones?)


TV Licence.............................. 12
Satellite/Cable TV...................... 17
Internet Services....................... 18
Groceries etc. ......................... 600
Clothing................................ 20
Petrol/diesel........................... 240
Road tax................................ 17
Car Insurance........................... 47
Car maintenance (including MOT)......... 29.16
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 150

Medical (prescriptions, dentist etc).... 0
(No dentist visits?)

Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50



Haircuts................................ 0
(Neither you or your partner get haircuts?)

Entertainment........................... 0
(Nothing Ever?)

Holiday................................. 0
Emergency fund.......................... 100
(Shouldn't this emergency fund be paying off your overdraft?)
Total monthly expenses.................. 2447.16


Assets
Cash.................................... 0


(Where is the emergency fund?)



House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 600......(154)......0
Total secured & HP debts...... 600.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................800.......20........0
Total unsecured debts..........800.......20........-


Monthly Budget Summary
Total monthly income.................... 2,988
Expenses (including HP & secured debts). 2,447.16
Available for debt repayments........... 540.84
Monthly UNsecured debt repayments....... 20
Amount left after debt repayments....... 520.84

Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -600
Total Unsecured debt.................... -800
Net Assets.............................. -400

I think you need to keep a spending diary as according to that you have £520 a month left over? presumably you don't??

Cafuddlepants

I cant have as I'm over my overdraft and my husband usually has about 50 left right before payday, he gets paid tomorrow we had to use his last 50 yesterday so now we are stuck until Monday.