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  • FIRST POST
    • tori.k
    • By tori.k 30th Dec 18, 11:41 PM
    • 3,483Posts
    • 9,331Thanks
    tori.k
    10 year stretch
    • #1
    • 30th Dec 18, 11:41 PM
    10 year stretch 30th Dec 18 at 11:41 PM
    [font=courier new]Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 4
    Number of children in household.........
    Number of cars owned....................

    Monthly Income Details

    Monthly income after tax................ 1475
    Partners monthly income after tax....... 1190
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 2665


    Monthly Expense Details

    Mortgage................................ 628
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 133
    Electricity............................. 42.75 ( This should go down once we had some
    Gas..................................... 42.75 regular meter readings)
    Oil..................................... 0
    Water rates............................. 68 ( A little high but work done to the house and garden)
    Telephone (land line)................... 24.49 ( includes B/Band)
    Mobile phone............................ 10
    TV Licence.............................. 0
    Satellite/Cable TV...................... 7.99 ( netflix only cheaper than TV Licence)
    Internet Services....................... 0
    Groceries etc. ......................... 291.66
    Clothing................................ 20
    Petrol/diesel........................... 156
    Road tax................................ 2.5
    Car Insurance........................... 10.25
    Car maintenance (including MOT)......... 54
    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..................... 8
    Contents insurance...................... 8
    Life assurance ......................... 56.72 ( massive because if we were cars we would have been scrapped years ago)
    Other insurance......................... 8.66 ( this should be NHS prepayment wrong box)
    Presents (birthday, christmas etc)...... 58 ( gave the nieces and nephews a payrise this Christmas so im now the favourite aunt)
    Haircuts................................ 15
    Entertainment........................... 125 ( I budget 1500 a year for entertainment and holidays when its gone its gone)
    Holiday................................. 0
    Emergency fund.......................... 50
    Total monthly expenses.................. 1820.77



    Assets

    Cash.................................... 1500
    House value (Gross)..................... 170000
    Shares and bonds........................ 0
    Car(s).................................. 2500
    Other assets............................ 0
    Total Assets............................ 174000



    Secured & HP Debts

    Description....................Debt......Monthly.. .APR
    Mortgage...................... 137000...(628)......2.51
    Total secured & HP debts...... 137000....-.........-


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Total unsecured debts..........0.........0.........-



    Monthly Budget Summary

    Total monthly income.................... 2,665
    Expenses (including HP & secured debts). 1,820.77
    Available for debt repayments........... 844.23
    Monthly UNsecured debt repayments....... 0
    Amount left after debt repayments....... 844.23


    Few reminders on the SOA set up, will have extra expense this year DH get a new car so an extra 212ish a month coming out of the budget but most of this will be covered in his monthly work bonus that I dont include in my SOA as its treated like it is a bonus, The lads at home also contribute 346 between them a month in keep but often end up borrowing it back so I also treat this as a bonus
    Last edited by tori.k; 31-12-2018 at 12:31 AM.
Page 3
    • savingwannabe
    • By savingwannabe 14th May 19, 6:40 PM
    • 13,971 Posts
    • 47,475 Thanks
    savingwannabe
    I love Dave Ramsay and he has changed my life. The voice of common sense in a world of noise! Well done on all of the lovely gardening and lawn which is a great price I think.

    It would be great if your DH could go part time and enjoy retirement as then you could enjoy your lovely garden and time with you which is precious.
    Christmas Fund 148
    Reminder: June Spending on fleabay 6.99
    • tori.k
    • By tori.k 18th May 19, 10:44 PM
    • 3,483 Posts
    • 9,331 Thanks
    tori.k
    Im not making my 1K drop on the mortgage this month as the water bill arrived this morning 213 for the quarter I don't think I can get it down much cheaper than this but im going to try, It could be worse we are using just under the national average for a four person household in a region that has the highest rates.
    So a bit of cheap investment with a new water saving shower head and tap aerators ordered, don't think it will make much money saving difference but will be a little better environmentally if nothing else.
    • tori.k
    • By tori.k 24th May 19, 7:11 AM
    • 3,483 Posts
    • 9,331 Thanks
    tori.k
    Payday
    400 across to house 240 across to savings, credit card paid off a little early wont be needing that for the next few months so can increase the savings from next month for a while. we are on track for where we need to be.
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