All the single ladies vs 145k

Cicatriz_2

Looks like a good SOA to me. The clothes spend stood out, but you already mentioned that.

My only other thought is the Gas and Electric is high at a combined £80. Have you any idea why that is? Is it a result of high consumption or a bad tarrif? If it's the consumption do you know what might be causing it?

I went a bit mad 2 years ago and cut my consumption by ~20%. LED lights, defrosted the freezer and made sure that and the fridge contain packing if not full.

ninnoodle

sofarbehind wrote: »

Ah ninnoodle you sound just like me but with culinary skills. Venison in wine!!!Wow, that sounds wonderful. I'm looking forward to the slow cooker arriving now. I'm really interested to see what you think of my SOA and to see yours actually. 2018 will be our year.

Ah I live in the Highlands and venison is very in season at the moment!
Your SOA looks reasonable - actually a lot less than me in some areas and a lot more in others (eg. clothes - I hardly buy anything at the moment) I will try and do one too, would be good to compare.

ninnoodle

Hi sofarbehind, I've also done an SOA - it might help to compare. I'd really like to get my monthly amount down (although £300 goes to savings I guess)

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 2853
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2853

Monthly Expense Details
Mortgage................................ 612.5
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 130
Electricity............................. 60
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 64
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 35
Groceries etc. ......................... 150
Clothing................................ 10
Petrol/diesel........................... 20
Road tax................................ 20
Car Insurance........................... 25
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 10
Buildings insurance..................... 11.5
Contents insurance...................... 0
Life assurance ......................... 62
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 40
Entertainment........................... 150
Holiday................................. 20
Emergency fund.......................... 300
Total monthly expenses.................. 1770


Assets
Cash.................................... 18500
House value (Gross)..................... 178000
Shares and bonds........................ 5000
Car(s).................................. 15000
Other assets............................ 0
Total Assets............................ 216500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 142400...(612.5)....2.14
Total secured & HP debts...... 142400....-.........-

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


Monthly Budget Summary
Total monthly income.................... 2,853
Expenses (including HP & secured debts). 1,770
Available for debt repayments........... 1,083
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1,083

Personal Balance Sheet Summary
Total assets (things you own)........... 216,500
Total HP & Secured debt................. -142,400
Total Unsecured debt.................... -0
Net Assets.............................. 74,100

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

Kerreh

Oh this thread definitely needs subscribing to for me Another single-y here although looking at your SoA's I think I need a career change

zackyv6661

Kerreh wrote: »

Oh this thread definitely needs subscribing to for me Another single-y here although looking at your SoA's I think I need a career change

I was thinking the same thing Kerreh! :rotfl:

robgoode

I've subscribed to this thread also. Last time I checked i'm definitely not a lady.

However having previously been at the point of where most of you are currently at in terms of debt I'm happy to help where possible now I've gotten through the repayments.

robgoode

This isn't accurate but where I believe we will be at once we have moved in. Monthly bills and mortgage are based on numbers I've researched before hand. They are likely to be either too high or too low but it gives an overall state of affairs.

Petrol is high due to location of partners job. After we move he is likely to be relocating closer to the new property so this figure will drop.

TV licence we won't be getting as we never watch live TV or any of the services that would require a TV licence.

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1350
Partners monthly income after tax....... 1150
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2500

Monthly Expense Details
Mortgage................................ 500
Secured/HP loan repayments.............. 172
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 170
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 0
Mobile phone............................ 27
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 35
Groceries etc. ......................... 100
Clothing................................ 20
Petrol/diesel........................... 160
Road tax................................ 0
Car Insurance........................... 33
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 50
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 10
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 15
Entertainment........................... 30
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1482


Assets
Cash.................................... 5000
House value (Gross)..................... 128000
Shares and bonds........................ 0
Car(s).................................. 1
Other assets............................ 0
Total Assets............................ 133001


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 112000...(500)......2
Hire Purchase (HP) debt ...... 8000.....(172)......0
Total secured & HP debts...... 120000....-.........-

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


Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 1,482
Available for debt repayments........... 1,018
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1,018

Personal Balance Sheet Summary
Total assets (things you own)........... 133,001
Total HP & Secured debt................. -120,000
Total Unsecured debt.................... -0
Net Assets.............................. 13,001

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

Cicatriz_2

robgoode wrote: »

I've subscribed to this thread also. Last time I checked i'm definitely not a lady.

I've subscribed, too. I was thinking these sorts of things are quite liberal and progressive these days, so who'd notice?

sofarbehind

ninnoodle wrote: »

Hi sofarbehind, I've also done an SOA - it might help to compare. I'd really like to get my monthly amount down (although £300 goes to savings I guess)

Thanks very much for posting that ninnoodle. It's particularly interesting as we are in very similar circumstances with very similar incomes. I have to say I'm impressed! That looks seriously Spartan to me. Is your aim to aggressively overpay and be MF ASAP?. I thought I was aiming for a bit more of a relaxed approach but now I'm having a rethink. We are lucky to have so much spare to throw at this. Are you giving up a proper holiday? I would be quite happy to cut them out for a while and just visit friends and family in the UK. You have a wonderful cash buffer there, that is my first priority. Well done :T

sofarbehind

ninnoodle wrote: »

Ah I live in the Highlands and venison is very in season at the moment!

Ah I see, I still think that makes you a slow-cooker queen though..

Kerreh wrote: »

Oh this thread definitely needs subscribing to for me Another single-y here although looking at your SoA's I think I need a career change

I had a career change at 30, did two extra degrees part time while working..:( Only now do I know it was really worth it.

robgoode wrote: »

I've subscribed to this thread also. Last time I checked i'm definitely not a lady.

You aren't single or a lady??? Get off my thread. :rotfl: It's OK, I adopt you as an honorary single lady.

I went to the beginners running group tonight then came home and made stir-fry. Just need to keep it up for the rest of the year.