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Crowlikethebird
Posts: 13 Forumite
Hi all
I have put together this SPA although in "real life" I se4m to break even.
I don't think I havr missed anything glaringly obvious. I would be really grateful for any advice on where costs may be considered too high or too low and whether an IPA is likely.
Thanks in advance.
Statement of Affairs and Personal Balance Sheet
Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2267
Partners monthly income after tax....... 0
Benefits................................ 82.8
Other income............................ 0
Total monthly income.................... 2349.8
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 975
Management charge (leasehold property).. 0
Council tax............................. 95
Electricity............................. 39
Gas..................................... 58
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 20
Mobile phone............................ 35
TV Licence.............................. 12.25
Satellite/Cable TV...................... 8
Internet Services....................... 0
Groceries etc. ......................... 290
Clothing................................ 30
Petrol/diesel........................... 170
Road tax................................ 13.59
Car Insurance........................... 48
Car maintenance (including MOT)......... 50
Car parking............................. 10
Other travel............................ 5
Childcare/nursery....................... 30
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 16.4
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 25.96
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 30
Entertainment........................... 40
Holiday................................. 10
Emergency fund.......................... 20
School uniform ......................... 20
Tax savings? ........................... 37
Pocket money ........................... 12
Professional reg fees................... 26.4
DBS .................................... 3.66
Contract renewal fee letting agent ..... 12
Total monthly expenses.................. 2196.26
Assets
Cash.................................... 100
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Nationwide OD..................2239......0.........0
Nationwide CC..................7001......0.........0
Nationwide loan ...............13500.....0.........0
Zenith PCN ....................140.......0.........0
HMRC CTC OP ...................1500......0.........0
Catalogue .....................160.......0.........0
Aqua CD .......................170.......0.........0
Halifax no.2...................2000......0.........0
Halifax no.1...................1512......0.........0
Tesco CD ......................8600......0.........0
Total unsecured debts..........36822.....0.........-
Monthly Budget Summary
Total monthly income.................... 2,349.8
Expenses (including HP & secured debts). 2,196.26
Available for debt repayments........... 153.54
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 153.54
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -36,822
I have put together this SPA although in "real life" I se4m to break even.
I don't think I havr missed anything glaringly obvious. I would be really grateful for any advice on where costs may be considered too high or too low and whether an IPA is likely.
Thanks in advance.
Statement of Affairs and Personal Balance Sheet
Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2267
Partners monthly income after tax....... 0
Benefits................................ 82.8
Other income............................ 0
Total monthly income.................... 2349.8
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 975
Management charge (leasehold property).. 0
Council tax............................. 95
Electricity............................. 39
Gas..................................... 58
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 20
Mobile phone............................ 35
TV Licence.............................. 12.25
Satellite/Cable TV...................... 8
Internet Services....................... 0
Groceries etc. ......................... 290
Clothing................................ 30
Petrol/diesel........................... 170
Road tax................................ 13.59
Car Insurance........................... 48
Car maintenance (including MOT)......... 50
Car parking............................. 10
Other travel............................ 5
Childcare/nursery....................... 30
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 16.4
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 25.96
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 30
Entertainment........................... 40
Holiday................................. 10
Emergency fund.......................... 20
School uniform ......................... 20
Tax savings? ........................... 37
Pocket money ........................... 12
Professional reg fees................... 26.4
DBS .................................... 3.66
Contract renewal fee letting agent ..... 12
Total monthly expenses.................. 2196.26
Assets
Cash.................................... 100
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Nationwide OD..................2239......0.........0
Nationwide CC..................7001......0.........0
Nationwide loan ...............13500.....0.........0
Zenith PCN ....................140.......0.........0
HMRC CTC OP ...................1500......0.........0
Catalogue .....................160.......0.........0
Aqua CD .......................170.......0.........0
Halifax no.2...................2000......0.........0
Halifax no.1...................1512......0.........0
Tesco CD ......................8600......0.........0
Total unsecured debts..........36822.....0.........-
Monthly Budget Summary
Total monthly income.................... 2,349.8
Expenses (including HP & secured debts). 2,196.26
Available for debt repayments........... 153.54
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 153.54
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -36,822
0
Comments
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you spend £10 a month towards holidays and £20 a month on school uniform?I am a Senior Forum Ambassador and I support the Forum Team on the Wales, Small Biz MoneySaving, In My Home (includes DIY) MoneySaving, and Old style MoneySaving boards. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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School uniforms are easily £20 per month for one child, probably even more. I have 3 school age and it costs me £600 plus every year and additional items that need replaced during the school term. I'd up holiday fund though. £120 per year for a holiday doesn't even get a caravan for a weekend0
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mummyofboys1985 wrote: »School uniforms are easily £20 per month for one child, probably even more. I have 3 school age and it costs me £600 plus every year and additional items that need replaced during the school term. I'd up holiday fund though. £120 per year for a holiday doesn't even get a caravan for a weekend
Thanks for this. Yes I added everything up and definitely spend £240 a yr on school uniform shoes PE kit etc.
Holidays-I put £10 as other sources have suggested that once bankrupt the likelihood of the OR letting you have £30 towards holidays is slim. I suppose I saw it as a token payment towards days out as opposed to actually going somewhere for a break? Is the OR likely to let me save £30 a month for a holiday?0 -
OR will definitely allow £10 towards a holiday for a single person, possibly even £20 a month. A family surely much more? No harm in asking for it and seeing what they say.0
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