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| T O P I C R E V I E W |
| charlie44 |
Posted - 19 November 2009 : 20:41:51
Could someone please have a look at my SOA, and make any relevant comments on it, thank you.
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1525
Partners monthly income after tax....... 0
Benefits................................ 975
Other income............................ 0
Total monthly income.................... 2500
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 118
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 110
Petrol/diesel........................... 100
Road tax................................ 12
Car Insurance........................... 40
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 60
Medical (prescriptions, dentist etc).... 78
Pet insurance/vet bills................. 30
Buildings insurance..................... 0
Contents insurance...................... 18
Life assurance ......................... 63
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 2029
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
Total unsecured debts..........0.........0.........-
Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 2,029
Available for debt repayments........... 471
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 471
Life`s Tragedy is that we get old too soon
and WISE too late! |
| 5 L A T E S T R E P L I E S (Newest First) |
| gettingoutofdebt |
Posted - 20 November 2009 : 12:39:47
Don't worry about it, I was exactly the same. From all the stress with creditors calling every 30 minutes and going through the BR process I was unable to think straight. |
| charlie44 |
Posted - 20 November 2009 : 12:35:52
Thanks for the help again GOOD, really appreciate it. For some reason these forms are beating me.
Life`s Tragedy is that we get old too soon
and WISE too late! |
| gettingoutofdebt |
Posted - 20 November 2009 : 11:19:23
The guidelines don't have a section for 2 adults/1 child for some reason but you should be entitled to somewhere in between 2 adults/0 children and 2 adults/2 children.
Food - 2 adults/0 children = £387, 2 adults/2 children = £504.
Clothing - 2 adults/0 children = £102, 2 adults/2 children = £156.
School/work meals are normally £2 per day. |
| charlie44 |
Posted - 20 November 2009 : 09:45:34
Thanks again for your reply.
There are 2 adults and 1 child (16 years of age)
Other travel is for sons bus fares to college.
Other child related expense is sons dinners at college.
Life`s Tragedy is that we get old too soon
and WISE too late! |
| gettingoutofdebt |
Posted - 20 November 2009 : 07:35:58
Groceries etc. 500 - The guideline is £387 for 2 adults with no children. If you have 2 children then £500 is fine.
Clothing. 110 - The guideline is £58 for 2 adults with no children. If you have 2 children then £110 is fine.
You are going to have to be more specific with the following:
Other travel............................ 60
Other child related expenses............ 60
Medical (prescriptions, dentist etc). 78 - That's pretty high. Do you have repeat prescriptions as these can work out cheaper if you need medication on an on-going basis.
Pet insurance/vet bills.. 30 - I think pet related things (food, etc.) are a max of £21 although I am not 100% sure of this.
The rest looks fine. |
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