My SOA any thoughts?

sophsters

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 420
Partners monthly income after tax....... 1010
Benefits................................ 430
Other income............................ 100
Total monthly income.................... 1960

Monthly Expense Details
Mortgage................................ 506
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold flat)...... 0
Council tax............................. 95
Electricity............................. 100
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 20
Mobile phone............................ 43
TV Licence.............................. 22.75
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 400
Clothing................................ 20
Petrol/diesel........................... 40
Road tax................................ 15
Car Insurance........................... 56
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 8
Childcare/nursery....................... 0
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1429.75

Assets
Cash.................................... 0
House value (Gross)..................... NaN
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ NaN

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... NaN......(506)......5.99
Total secured debts........... NaN.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
capital one....................574.......7.67......0
littlewoods....................270.......7.67......0
choice.........................288.......7.67......0
ge loan........................6450......41.58.....0
tesco loan.....................6896......23.57.....0
rbs card.......................4073......44.21.....0
mbna...........................367.......7.67......0
argos..........................137.......7.69......0
cl finance.....................208.......7.67......0
sky card.......................3976......36.34.....0
reliable.......................113.......7.67......0
reliable.......................169.......7.67......0
adams..........................565.......9.84......0
ndr............................1595......25.21.....0
kays...........................560.......11.78.....0

any thoughts would be appreiciated, trying to figure out what to do me and my husband are in 27k worth of debt, and a two year fixed together mortgage with northern rock ending in october. I earn £5000 a year but am hoping to up that soon by taking on extra work and my husband earns 18k a year. Mortgage of 92k a year we pay £506 a month, 5.99 rate, house is now worth about 120k many thanks!

~Beanie~

sophsters wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 420
Partners monthly income after tax....... 1010
Benefits................................ 430
Other income............................ 100
Total monthly income.................... 1960

Monthly Expense Details
Mortgage................................ 506
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold flat)...... 0
Council tax............................. 95
Electricity............................. 100
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 20
Mobile phone............................ 43 - How many is this for? Can you go PAYG
TV Licence.............................. 22.75
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 400 - That is HUGE!!! You could feed an army with that.
Clothing................................ 20
Petrol/diesel........................... 40
Road tax................................ 15
Car Insurance........................... 56 - Can you get this any cheaper?
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 8
Childcare/nursery....................... 0
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1429.75

Assets
Cash.................................... 0
House value (Gross)..................... NaN
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ NaN

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... NaN......(506)......5.99
Total secured debts........... NaN.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
capital one....................574.......7.67......0
littlewoods....................270.......7.67......0
choice.........................288.......7.67......0
ge loan........................6450......41.58.....0
tesco loan.....................6896......23.57.....0
rbs card.......................4073......44.21.....0
mbna...........................367.......7.67......0
argos..........................137.......7.69......0
cl finance.....................208.......7.67......0
sky card.......................3976......36.34.....0
reliable.......................113.......7.67......0
reliable.......................169.......7.67......0
adams..........................565.......9.84......0
ndr............................1595......25.21.....0
kays...........................560.......11.78.....0

any thoughts would be appreiciated, trying to figure out what to do me and my husband are in 27k worth of debt, and a two year fixed together mortgage with northern rock ending in october. I earn £5000 a year but am hoping to up that soon by taking on extra work and my husband earns 18k a year. Mortgage of 92k a year we pay £506 a month, 5.99 rate, house is now worth about 120k many thanks!

Just a couple of thoughts above, how many of you are there? That grocery figure is really really high, you should be able to cut it by at least £100.

kazwookie

Do you not pay for your water?

mo1_2

car insurance seems high and food is really high

sophsters

Ok, car insurance is quite high as its my husbands first year of driving, although it should come down next month.

Shopping bill is to feed 2 adults, 3 children (one of which has a special diet) , a cat, a dog 2 guinea pigs and a hamster and to be honest most weeks its about £90 but sometimes it creeps up to nearer the ton mark.

I live in scotland so water is included in my council tax bill of 95 a month.

Mobile phones i know are a luxury we shouldnt really have, we both are on the same network and so get free calls to each other, but luckily they are both due to end in the next few months.

I didnt put an apr for my debts as i am on a payment plan with the cccs so most of my creditors are holding off on interest.