2022 - New Home, Same Problems

Steerpike88

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................ 0
Partners monthly income after tax....... 4,100
Benefits................................0
Other income............................ 0
Total monthly income....................0

Monthly Expense Details
Mortgage................................470.33
Secured/HP loan repayments..............0
Rent.................................... 0
Management charge (leasehold property)..
Council tax.............................260 (but this should reduce in march and we're not paying for the next two months)
Electricity............................. 128.05 (for gas and electric but our supplier went under and we've still not been switched)
Gas.....................................0
Oil..................................... 0
Water rates............................. 0 (included in council tax)
Telephone (land line)................... 0
Mobile phone............................ 0 (20, me and DH)
TV License.............................. 13.37
Satellite/Cable TV...................... 0
Internet Services.......................33.00
Groceries etc. ......................... 350
Clothing................................ 75
Petrol/diesel........................... 80
Road tax................................ £12
Car Insurance........................... £50
Car maintenance (including MOT)......... £30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... £800 (we spent £1k this month but we get free hours for next month so it should reduce to 600)
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. £13
Buildings insurance..................... £15
Contents insurance...................... £15
Life assurance ......................... £22
Other insurance......................... 0
Presents (birthday, Christmas etc)...... £100
Haircuts................................ £25
Entertainment........................... £50
Holiday................................. £300
Emergency fund.......................... 0
Professional subscriptions.............. 0
Total monthly expenses.................. 2841.75


Assets
Cash.................................... 2,414
House value (Gross)..................... 180,000
Shares and bonds........................ 0
Car(s).................................. £6000
Other assets............................ 0
Total Assets............................ 188,414


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 141,066 ...............0.............2.01
Total secured & HP debts...... 0

Unsecured Debts
Description...................Debt......Monthly.. .APR
.......monzo.........loan...........9,336............166 .... 4%
Total unsecured debts.................9,336


Monthly Budget Summary
Total monthly income....................4,100
Expenses (including HP & secured debts). 2841.75
Available for debt repayments...........1,258.25
Monthly Unsecured debt repayments.......166
Amount short for making debt repayments. 0

Personal Balance Sheet Summary
Total assets (things you own)...........188,414
Total HP & Secured debt.................141,066
Total Unsecured debt....................9,336
Net Assets..............................38,012

okay so not as dire as I thought.  I think we've just been buying furniture and take aways since I used to batch cook once a month but I've been pretty much constantly ill since we've moved.  We've already pulled back on the take aways as I don't really enjoy them and .  We still need money for a new fence and a few other bits for the garden and to pay for my degree next year but I don't see how I can't at least put another £600 down a month now that the house is a bit more sorted and Xmas is over with. I think I can cut a few things. I have a Kindle and audible subscription I just cut so that should help with the pennies. We're quite lucky now we have a house as we were paying a LOT to rent before we moved. 

TheAble

It seems a reasonable SOA overall. But out of interest how come a childcare cost if only one of you is working?

Steerpike88

TheAble said:

It seems a reasonable SOA overall. But out of interest how come a childcare cost if only one of you is working?

I was originally going to study part time and just study during the evenings, but my husband said that since we had extra money I could study full time if I wanted since we could afford to put the youngest in nursery for a few days.  So I'm studying full time this year. It's ideal for me and I think he's thinking more long term like if I find work sooner then my earning potential will outstrip the nursery fees we paid, if that makes sense. Especially cause one of his bosses said he'd be interested in hiring me if I did certain qualifications too. 

Hugsinabox

Hi just subbed. Good luck on ur new journey x