My I and E - please tell me if its ok.

NoMoreExcuses

Thanks everyone - here goes -

Rent - 0 (Housing benefit- otherwise it would be £1500 pcm, yes housing association)
Houskeeping Including food and kids clubs etc- £400
Gas/Electricity - £80
Water - £35
Telephone/Broadband/Sky/Mobile - £70
Petrol etc - £90 (we live miles from schools as we are in Temp accom)
Clothing - £40
Maint/fines - 0 (did not include CCJs because have not paid these since the move
Council tax - 0
Others - £164
car tax/ins/maint/mot - £41
Life insurance - £10
Pet insurance - £15
dog food - £15
Haircuts - £26
Dry cleaning - £6
TV License - £11
Holidays/presents/birthdays - £30
Emergency/contingency - £20

Total - £889- 1 Adult, 1 13 year old, 1 9 year old, 1 16 month old and 1 dog.

Income including all benefits and rent/housing benefit cancelling each other out - £910 (however I think this may also change because of child tax credits.)


What do you think?

fermi

I struggle with SOA's but:

NoMoreExcuses wrote: »

Rent - 0 (Housing benefit- otherwise it would be £1500 pcm, yes housing association) Should list the amount in expenditure and HB recieved in income even if cancelling out.
Houskeeping Including food and kids clubs etc- £400
Gas/Electricity - £80
Water - £35
Telephone/Broadband/Sky/Mobile - £70 Might be better to just list as Landline/Mobiles.
Petrol etc - £90 (we live miles from schools as we are in Temp accom)
Clothing - £40
Maint/fines - 0 (did not include CCJs because have not paid these since the move
Council tax - 0
Others - £164 What's that. If I have to ask, so will the OR.
car tax/ins/maint/mot - £41
Life insurance - £10
Pet insurance - £15
dog food - £15
Haircuts - £26
Dry cleaning - £6
TV License - £11
Holidays/presents/birthdays - £30
Emergency/contingency - £20

Total - £889- 1 Adult, 1 13 year old, 1 9 year old, 1 16 month old and 1 dog.

I'm sure others will have more help.

NoMoreExcuses

fermi wrote: »

I struggle with SOA's but:



I'm sure others will have more help.

Thanks Ferni (the others are listed below where it says others, sorry i should have made it clearer).

fermi

NoMoreExcuses wrote: »

Thanks Ferni (the others are listed below where it says others, sorry i should have made it clearer).

I see. If I'd bothered to add it all up I would have noticed that.:o

dalip

My OR put cont/birthdays/holidays all together and allowed me £80. I would also think dog food should be included in you general hk and you could up your clothing a little,but i am by no means an expert.lolDalip

Richard_S

NoMoreExcuses wrote: »

Thanks everyone - here goes -

Rent - 0 (Housing benefit- otherwise it would be £1500 pcm, yes housing association)You should show the income and expenditure rather than nert them off; so £1,500 in Income as Housing Benefit, and £1,500 in Expenditure as Rent
Houskeeping Including food and kids clubs etc- £400 I would show £400 as food and groceries, and then Kids Clubs as a seperate item of expenditure.
Gas/Electricity - £80
Water - £35
Telephone/Broadband/Sky/Mobile - £70
Petrol etc - £90 (we live miles from schools as we are in Temp accom)
Clothing - £40 For three children and one adult that really should be closer to £100
Maint/fines - 0 (did not include CCJs because have not paid these since the move
Council tax - 0
Others - £164 You'll need to break this down into more detail (they're the ones below:D )
car tax/ins/maint/mot - £41
Life insurance - £10
Pet insurance - £15
dog food - £15
Haircuts - £26
Dry cleaning - £6
TV License - £11
Holidays/presents/birthdays - £30
Emergency/contingency - £20

Total - £889- 1 Adult, 1 13 year old, 1 9 year old, 1 16 month old and 1 dog.

Income including all benefits and rent/housing benefit cancelling each other out - £910 (however I think this may also change because of child tax credits.)If it does change, then notify O.R accordingly.


What do you think?

Hi NME,

Almost perfect for the first draft.:D

There'll be no question of an IPA if your income is predominantly benefits, so as long as it's a decent summary, which it is, then it'll be fine.

Richard

LesleyL_2

and your "others" as listed total £174
sorry if I sound a little retentive to have added it up

Richard_S

If you're already paying the Life Insurance premium, the O.R takes the policy, and you have the option to buy it back, equivalent to 3months premiums I think.

If you haven't taken it out already then you should take out a policy with your children as nominees; it's like a trust fund that your bankruptcy can't touch; it's very straightforward.

We cancelled all our policies; I couldn't stand the prospect of the O.R benefitting from my untimely demise, should I work myself to death.:eek: :rotfl: :rotfl:

Richard

Richard_S

LesleyL wrote: »

and your "others" as listed total £174
sorry if I sound a little retentive to have added it up

Erm, me to Lesley;:o I thought it could be because the Insurance Policy hadn't been taken out yet but didn't want to appear obssessive.:D

NoMoreExcuses

thank you everyone - I need to set up a policy for the kids - any suggestions where to go Richard.

Sorry Lesley I didnt adjust my draft. Thanks for pointing that out.

My clothing is mainly 2nd hand now which is why its so cheap! except kids shoes!!!!!!!!!!OMG!!!!!!!!!!!!

NoMoreExcuses

No Richard i am just frazzled and dopey....and Lesley is on the ball!