Laying it all out.... time for change

RAS

Please can you complete an SOA here. SOA Calculator (lemonfool.co.uk)

That separates out your living costs from your debt payments, secure and unsecured debt etc and includes important details like APRs and assets. 

theguvnor

RAS said:

Please can you complete an SOA here. SOA Calculator (lemonfool.co.uk)

That separates out your living costs from your debt payments, secure and unsecured debt etc and includes important details like APRs and assets. 

Hi, I explained in a previous post that I can't really do that as it will not be accurate. Me and my partner keep our finances sperate, we pay in different amounts towards them so the SOA will not add up. 

RAS

Just put in your share or the costs and your debts.

theguvnor

All costs are MY SHARE towards them.

[font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b]

Household Information[/b]

Number of adults in household........... 2

Number of children in household......... 1

Number of cars owned.................... 1[b]

Monthly Income Details[/b]

Monthly income after tax................ 2265

Partners monthly income after tax....... 0

Benefits................................ 0

Other income............................ 0[b]

Total monthly income.................... 2265[/b][b]

Monthly Expense Details[/b]

Mortgage................................ 415 *** shared

Secured/HP loan repayments.............. 0

Rent.................................... 0

Management charge (leasehold property).. 0

Council tax............................. 98 *** shared

Electricity............................. 44 *** shared

Gas..................................... 44 *** shared

Oil..................................... 0

Water rates............................. 32 *** shared

Telephone (land line)................... 0

Mobile phone............................ 38

TV Licence.............................. 7 *** shared

Satellite/Cable TV...................... 62 *** shared

Internet Services....................... 0

Groceries etc. ......................... 127 *** shared

Clothing................................ 0

Petrol/diesel........................... 50

Road tax................................ 0

Car Insurance........................... 0

Car maintenance (including MOT)......... 0

Car parking............................. 0

Other travel............................ 0

Childcare/nursery....................... 0

Other child related expenses............ 120 *** shared

Medical (prescriptions, dentist etc).... 0

Pet insurance/vet bills................. 0

Buildings insurance..................... 10 *** shared

Contents insurance...................... 0

Life assurance ......................... 0

Other insurance......................... 0

Presents (birthday, christmas etc)...... 50 *** shared

Haircuts................................ 0

Entertainment........................... 140 *** shared

Holiday................................. 50 *** shared

Emergency fund.......................... 25 

(Unnamed monthly expense)............... 0[b]

Total monthly expenses.................. 1312[/b]

[b]

Assets[/b]

Cash.................................... 0

House value (Gross)..................... 325000

Shares and bonds........................ 700

Car(s).................................. 0

Other assets............................ 0[b]

Total Assets............................ 325700[/b]

[b]

Secured & HP Debts[/b]

Description....................Debt......Monthly...APR

Mortgage...................... 121000...(415)......4.89[b]

Total secured & HP debts...... 121000....-.........-   [/b]

[b]Unsecured Debts[/b]

Description....................Debt......Monthly...APR

hsbc...........................6279......165.......0

halifax........................8541......85........0

mbna...........................1951......25........0

Barclays.......................5534......120.......0

Creation.......................1000......40........0

Natwest........................10893.....340.......0

sainsburys.....................2003......68........0[b]

Total unsecured debts..........36201.....843.......-  [/b]

[b]

Monthly Budget Summary[/b]

Total monthly income.................... 2,265

Expenses (including HP & secured debts). 1,312

Available for debt repayments........... 953

Monthly UNsecured debt repayments....... 843[b]

Amount left after debt repayments....... 110[/b]

[b]Personal Balance Sheet Summary[/b]

Total assets (things you own)........... 325,700

Total HP & Secured debt................. -121,000

Total Unsecured debt.................... -36,201[b]

Net Assets.............................. 168,499[/b]

[i]Created using the SOA calculator at www.LemonFool.co.uk.

Reproduced on Moneysavingexpert with permission, using other browser.[/i][/font]

katsu

Hiya. I would just mark where you've just put in 50% of a bill. 

Well done for being in credit. Make sure that stays true as it's a start on getting debt free.

Whether it's 62 or 124 ish for satellite TV... talk to your partner about cancelling or reducing it. 

The 38 for your mobile phone... in contract?  Reduce that if you can as sim only can be under 10.

If your water rates are 64 a month.... you must have a leak surely? That seems loads. Can you get a meter?

Can you reduce some of the clubs and what not for your child? 

I hope some of this helps. 

theguvnor

I've put next to each section that is a shared bill

theguvnor

katsu said:

Hiya. I would just mark where you've just put in 50% of a bill. 

Well done for being in credit. Make sure that stays true as it's a start on getting debt free.

Whether it's 62 or 124 ish for satellite TV... talk to your partner about cancelling or reducing it. 

The 38 for your mobile phone... in contract?  Reduce that if you can as sim only can be under 10.

If your water rates are 64 a month.... you must have a leak surely? That seems loads. Can you get a meter?

Can you reduce some of the clubs and what not for your child? 

I hope some of this helps. 

I've just managed to get a new tv and broadband deal much better. 

Water rates are £60 a month. My phone in in contract for a while yet.

Grumpelstiltskin

Are you on a water meter?

theguvnor

Grumpelstiltskin said:

Are you on a water meter?

no i'm on rates. I wouldnt want to go on a meter the amount we use!

Grumpelstiltskin

Well you say 2 adults and 1 child, unless you all run showers for 1 hour each day plus running a large fish pond it is possible you could be paying less. Go on to your water companies website and read about meters.