My first attempt at a SOA

Denise247_2

Hi folks. I've got an appointment with my solicitor on Friday and she has asked my to prepare details of my income and expenditure.

Does this look resonable. It's for myself and 1 child. I'm a little worried that the household expenses are high.

Wages 447.41
Child benefit 72.40
Child Tax Credit 166.13
Working Tax Credit 238.11
Maintenance 140.00
Total Income 1,064.05

Home Insurance 19.21
Rent 243.40
Council Tax 76.00
Gas 32.92
Electric 39.00
Water 27.34
Travel Costs 44.66
TV Licence 11.37
Telephone 25.00
Household, Food, Toiletries etc 300.00
School Dinners 54.00
Child's Activities 22.00
Clothing 50.00
Pet food 4.00
Hair 13.00
Holidays/School Trips 30.00
Household Maint/Repairs/Emergencies 15.00
Christmas/Birthdays 20.00
Total 1,026.90

Surplus 37.15

Thanks for your help.

Denise

affordmylife

And the problem is?

Lizzibuff

Yes that looks fine to me - tho i'm having problems myself with my I&E. You could possibly increase holidays a bit as they may think housekeeping too high as my OR added my housekeeping and school dinners together.

Denise247_2

affordmylife wrote: »

And the problem is?

I just wondered if I was on the right track. My main concern is does the household expenses of £300 p/m seem high. It looks a big amount but is around what i do actually spend each month.

I was also hping you could let me know if I've missed anything obvious.

Denise

betterlatethannever

Hi Denise.
The only thing that leaps out at me is the pet foods there, but NO vet bills/pet insurance.You may want to include this, the last thing you'll need is a huge vet bill now!
£300 pm for 2 is not a lot, when it covers toiletries etc. only works out at a little over £69 p.w

tigerfeet2006

How about an allowance for haircuts/dentist/optician/prescriptions?

sweeper12

Does anyone know what we are allowed for dentists, opticians and prescriptions ? I have an NHS dentist, get glasses every other year and get 2 prescriptions per month - not worth me getting a prepaid certificate.

Cheers !

redandyellow

Hi all. Have a look at the National Debtline site - https://www.nationaldebtline.co.uk.
They give example/recommended outgoings figures. Also the CCCS give similar help - if you complete their debt solution form online it alerts you to anything they think you are spending too much on, eg housekeeping/shopping

stubie

redandyellow wrote: »

if you complete their debt solution form online it alerts you to anything they think you are spending too much on, eg housekeeping/shopping

Do you have a link for this one as I cannot find it?

Thanks

tigerfeet2006

stubie wrote: »

Do you have a link for this one as I cannot find it?

Thanks

http://www.cccs.co.uk/ click on debt remedy

wherediditallgo

sweeper12 wrote: »

Does anyone know what we are allowed for dentists, opticians and prescriptions ? I have an NHS dentist, get glasses every other year and get 2 prescriptions per month - not worth me getting a prepaid certificate.

Cheers !

Actually, you could save quite a bit by getting the pre-paid certificate. I've got one because I need 2-3 items a month - prescriptions are £6.85 per item, but a yearly prepaid certificate is £98.70 which is only £8.23pm. It saves me a bomb, & even for your two items you'd be saving over £5pm, plus you'd save even more if you needed additional prescriptions eg if you need antibiotics or medication because of flu, or need eye/ear drops. If you go for the annual certificate, you can pay by 10 monthly direct debit instalments, so it's not as if you have to find the money in one hit either. More info is here.