MY FINAL SOA - any comments?

39 Posts

I think these are the final figures for my SOA .......!!
I rent privately with my 2 children aged 14 and 18.
My car is worth approx £3500 but is owned/bought by my Mother about 4 years ago and she is the registered owner. I pay for insurance etc.
In my last SOA, I forgot to inc pet food, my gas/electric has increased (just received bill) and I have had to take out a new pet ins policy (realised my old one lapsed over a year ago). On the plus side, I have managed to change mobile tariffs for my son and myself.
Number of adults in household........... 1
I rent privately with my 2 children aged 14 and 18.
My car is worth approx £3500 but is owned/bought by my Mother about 4 years ago and she is the registered owner. I pay for insurance etc.
In my last SOA, I forgot to inc pet food, my gas/electric has increased (just received bill) and I have had to take out a new pet ins policy (realised my old one lapsed over a year ago). On the plus side, I have managed to change mobile tariffs for my son and myself.
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 566
Partners monthly income after tax....... 0
Universal Credit................................ 1100
Child Benefit.............................. 151
Child Benefit.............................. 151
Child Maintenance............................ 210
Total monthly income.................... 2027
Monthly Expense Details
Washer/Dryer HP repayments.............. 42
Rent.................................... 675
Council tax............................. 77
Electricity............................. 65
Gas..................................... 50
Water rates............................. 32
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 13
Satellite/Cable TV...................... 14
Internet Services....................... 30
Groceries etc. ......................... 400
Clothing................................ 45
Petrol/diesel........................... 110
Road tax................................ 11
Car Insurance........................... 37
Car maintenance (including MOT)......... 35
Car parking............................. 10
School Bus............................ 32
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 38
Contents insurance...................... 11
Life assurance ......................... 21
Presents (birthday, christmas etc)...... 25
Haircuts................................ 30
Entertainment........................... 10
Holiday................................. 30
Emergency fund.......................... 30
Pet food................................ 40
Child spend............................. 20
Scouts & brass band.......................... 20
School Dinners.......................... 48
Toiletries.............................. 20
Total monthly expenses.................. 2036
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Other assets............................ 0
Total Assets............................ 3500
Unsecured Debts
Total unsecured debts.........£.45K+
Monthly Budget Summary
Total monthly income.................... 2,027
Expenses (including HP) .... 2,051
Available for debt repayments........... -24
I'm really sorry but I feel that I have been constantly asking questions on this Forum all week .... I just need to sort everything.
Flora x
I'm really sorry but I feel that I have been constantly asking questions on this Forum all week .... I just need to sort everything.
Flora x
1
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Replies
You our need to be careful here. You only have a few months left of the Brighthouse payments and then you are at -£18. The minimum for a an IPA to be put in place is £20. You need to beef some up. You are only allowed £10 per adult too.
i also put £5 each per week pocket money and that was accepted too.
i had had already been generous with myself as I was going to be close with an IPA I thought.
I am off off work but at full pay and she allowed work lunches as she said I am just eating at home so no difference and if I go back to work next week they’d only be spending more time doing it again.