SOA Needs Checking Please.

Simon.G · 7 January 2017 at 2:15PM

Finally managed to find work after being unemployed when I went BR a few months ago.

OR has officially requested my income & expenditure so here it is.

Any thoughts will be appreciated.

My income = £1284 (after tax) p/m
Partners contribution = 50%

Rent £1,450.00
Council Tax £166.00
Food, Toiletries, Cleaning £340.00
Gas £50.00
Electricity £50.00
Water £41.00
TV License £12.00
Clothing & Footwear £20.00
Telephone / Broadband / TV £60.00
Home Insurance £10.00
Hairdressing / Personal Care £10.00
Holiday £40.00

Total household outgoings: £2249.00

50% My Liability £1124.50

The following is my outgoings only

Mobile Phone £30.00
Travel To Work (Zone 3 to 6) £126.00

Total outgoings for me = £1280.50

Haljordan2814 · 7 January 2017 at 3:58PM

So you've only £3.50 left from your wage after outgoings? Where is your emergency fund?

Simon.G · 7 January 2017 at 4:04PM

I have only just got back into work after being out of work for a few months. Previous to the BR I was paying £900+ towards my own debt and around £400 towards the household expenses.

As I am not BR and all my income is mine so to speak, 50% of the outgoings is what is recorded as above.

I had been unemployed for a few months when I went BR and I have only been working for a few weeks so I have not been paid a full month's wage yet, but I have been asked to provide my SOA as I am back in work.

When I get paid at the end of January, the above is what I will be paying out from it. Well, I will be paying it all to the missus as I have transferred all bills to her solely.

So, yes, I will have £3.50 left after payments are made, and no, I have no emergency fund.

The joys of living and working in London

sourcrates · 7 January 2017 at 4:05PM

Id say move to Yorkshire Thad be £1000 a month cheaper on thee rent !!!

Simon.G · 7 January 2017 at 4:13PM

That's what all our Northern mates say, they cant believe the cost of living in London. Its quite depressing when you hear that they are only spending out £800 in total a month! Me and the missus do doubt that in just rent and council tax, let alone bills, food, travel etc.