Soa

okiegirl

Hi all this is my first time on tis thread and jut found the calculator,here are my results if anyone can help i'd apreciaete it,sorry if this is in the wrong place.
Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 300
Benefits................................ 819
Other income............................ 0
Total monthly income.................... 1119

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 298
Management charge (leasehold flat)...... 0
Council tax............................. 100
Electricity............................. 40
Gas..................................... 20
Oil..................................... 0
Water rates............................. 44
Telephone (land line)................... 50
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 36
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 20
Petrol/diesel........................... 80
Road tax................................ 31.6
Car Insurance........................... 106
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 8
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1173.6

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1200
Other assets............................ 0
Total Assets............................ 1200

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................2340......30........NaN
Total unsecured debts..........2340......30........-

Monthly Budget Summary
Total monthly income.................... 1,119
Expenses (including secured debts)....... 1,173.6
Available for debt repayments........... -54.6
Monthly UNsecured debt repayments....... 30
Surplus(deficit if negative)............ -84.6

Personal Balance Sheet Summary
Total assets (things you own)........... 1,200
Total Secured debt...................... -0
Total Unsecured debt.................... -2,340
Personal net worth...................... -1,140

LilacPixie

oo its not worked. try again.

okiegirl

oh i cant get it to shw up properly

done it now lol

Poosmate

Hi Okiegirl and welcome to DFW on MSE.

Oops! Are you using the makesenceofcards SOA calc thingy? If so you can click the format button to make it look right when you post it on here.

Try again, there are some great people here and now waiting to help you in any way they can. You're definitely in the right place.

Poo

LilacPixie

yay it works. give me a second off for a proper look

LilacPixie

Oww 106 a month for car insurance. that is high, very high. when is your renewal?? shop around for quotes and go thru quidco.

How many are you feening on £200 a month?? YOu tv licence, phone is also high as is you gas and electricity.

on the whole tho you have £600 per month to throw at a £2300 overdraft. you should be able to clear is and with a little monitoring stay debt free.

okiegirl

the insurance is high as i have a car and my husband has a works van as hes self employed. Ive just changed my gas and elec over so hopefully this will come down in price and the phone works out at £11 mont for bt line rental and i use sky for free evening and w/end calls although very occasionally we need to use phone outside these times. We just always seem to be at the top end of our overdraught and it never gets paid off and i dont know why,something always crops up that we need to pay or something breaks like our washing machine recently and money has to be used for that. be cause my hubby is self employed and only recently stated the business we are not in constant work week to week.Im feeding myself,hubby and 3 kids on £200 month.

PasturesNew

Hi... my first thoughts were:

okiegirl wrote: »

Telephone (land line)................... 50 - cut down, there's no need to make calls. I probably make 1 short phone call/month. Keep calls brief, call at cheap times.
Mobile phone............................ 40 - cut down/get off contract asap. Don't use it. I probably send one text/month, no contract, I pay £8/month
TV Licence.............................. 44 - should be £12
Satellite/Cable TV...................... 36 - get rid. Freeview's got loads of channels
Groceries etc. ......................... 200 - halve this

From the above, you should be able to make £200 savings/month.

binnie

Hi, Okiegirl,
I wouldn't say £40 elec and £20 gas is a lot. I pay £57 a month gas and more or less the same for electric and theres only 2 of us.
Hubbie works nights and is bed during the day, and I work and come home at 6pm.

What puzzles me is how come you get so much in benefits when my husband works full time and earns less than that and he is on a decent wage?


Hope you get the answers you are looking for. :beer:

LilacPixie

keep a spending diary. by the looks of it you are basically wasting £600 a month on something. keep the diary and write down everything you spend and then review at the end of the month. You may well be surprised at what you think you spend compared to what you actually do

LilacPixie

keep a spending diary. by the looks of it you are basically wasting £600 a month on something. keep the diary and write down everything you spend and then review at the end of the month. You may well be surprised at what you think you spend compared to what you actually do