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bigunfromwigan

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ £835.69
Partners monthly income after tax....... 0
Benefits................................ £642.74
Other income............................ 0
Total monthly income.................... £1478.43

Monthly Expense Details
Mortgage................................ £577.8
Secured loan repayments................. £143.21
Rent.................................... 0
Management charge (leasehold flat)...... 0
Council tax............................. £69.75
Electricity............................. £80
Gas..................................... £80
Oil..................................... 0
Water rates............................. £40.14
Telephone (land line)................... £60
Mobile phone............................ £99.5
TV Licence.............................. £11.61
Satellite/Cable TV...................... 0
Internet Services....................... £25
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... £40
Road tax................................ 10
Car Insurance........................... £42
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 28.86
Contents insurance...................... 0
Life assurance ......................... 45.92
Other insurance......................... 0
Presents (birthday, christmas etc)...... 81.25
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1435.04

Assets
Cash.................................... 0
House value (Gross)..................... £90,ooo
Shares and bonds........................ 0
Car(s).................................. £1000
Other assets............................ 0
Total Assets............................ £91,000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 85,000.......(577.8)....0
Secured Debt.................. 7,500......(143.21)...0
Total secured debts........... 92,500......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................£2,500.......£10.37.........0
Total unsecured debts..........£2,500.......0.........-

Monthly Budget Summary
Total monthly income.................... £1,478.43
Expenses (including secured debts)....... £1,435.04
Available for debt repayments........... £43.39
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ £43.39

Personal Balance Sheet Summary
Total assets (things you own)........... £91,000
Total Secured debt...................... -£92,500
Total Unsecured debt.................... -£2,500
Personal net worth...................... 995

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

alone_and_fed_up

Hello and welcome!

You have made the big step of joining MSE and the DFW board. A very positive move. What would you like help with?

Firstly could you repost your SOA with the 000's added for the appropriate items.

My first reaction is why are the phone and mobile charges so high??


AAFU

mancbird

Welcome to MSE

I'm not really very experienced with this, but your gas and electiricity charges look very high to me! £80 a month each? I only pay about £50 for the two of them...

The internet and phone charges look a bit steep too - you're spending £175 a month on your phones and internet!

Maybe you could look around for some deals with the phone and internet?

Numpty_Monkey

:hello: hi bigunfromwigan

welcome to the greatest place you will find on the interwebby thing:j
Well done on posting your SOA:T Others will be along to give help who are better equipped to go through your SOA properly

A few things stand out

No money for food is the main one

some of the others are
Gas/elec £160 per month :eek:
Phone/mobile/internet £184.50 per month:eek:
i hope they are typos:T

don't worry if they are we all do them, just take your time, we are not running away we'll still be here
once again welcome:grouphug:

maisiegirl

Hi,

Take your time posting, don't worry! Everyone understands the panic.
You've done well to get so far. A bit more info will help

H

bigunfromwigan

hello AFFU i will repost my budget properly i am really new at this and just finding my way but thanks for your help so far...

bigunfromwigan

hello numpty its not a typo my other half pays for the shopping and anything the kids might need. Thanke for your info

Numpty_Monkey

ok hun no worries, we were all new once, the thing with this board is never be affraid to ask for any help

Numpty_Monkey

so that is right about your gas and elec are you paying arrears?

i must admit the phones/ internet is :eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek:
what contracts are you on? and how many are you paying for?

bigunfromwigan

hello mancbird thanks for the info and i am glad i am not alone and everyone is being really patient with me i will take on board what you have said and will look at other sites to see whats on offer. Thanks again

smashedbooboo

No such thing as a stupid question here. x x x And welcome to the forum.