Help with S.O.A
Posted: January 8th, 2017, 3:57 pm
b]Hi, hope this is the correct board to post this.
I have been forced to take early retirement from work due to ill health ( not an ill health pension)
My income has drastically been reduced. I have cut down quite a lot but I would like some fools to have a look at my Soa with a view to helping me cut back more and what to do with my £40k cash to invest for income.
My mortgage is interest only. But covers my house value £150 and my parents which they live in but which will be left to me when they pass.
Thank you in advance.
Camper.[/b]
[font=courier new]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 13000
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 13000
Monthly Expense Details
Mortgage................................ 497
Secured/HP loan repayments.............. 134
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 87
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 22.32
Telephone (land line)................... 0
Mobile phone............................ 5
TV Licence.............................. 12.12
Satellite/Cable TV...................... 27
Internet Services....................... 44
Groceries etc. ......................... 250
Clothing................................ 0
Petrol/diesel........................... 25
Road tax................................ 0
Car Insurance........................... 23
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 13
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 41
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1255.44
Assets
Cash.................................... 40000
House value (Gross)..................... 250000
Shares and bonds........................ 65000
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 355000
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 132000...(497)......4
Hire Purchase (HP) debt ...... 6000.....(134)......6
Total secured & HP debts...... 138000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Credit card....................3413......40........0
Credit card....................3895......40........0
Credit card....................6965......136.......0
Total unsecured debts..........14273.....216.......-
Monthly Budget Summary
Total monthly income.................... 13,000
Expenses (including HP & secured debts). 1,255.44
Available for debt repayments........... 11,744.56
Monthly UNsecured debt repayments....... 216
Amount left after debt repayments....... 11,528.56
Personal Balance Sheet Summary
Total assets (things you own)........... 355,000
Total HP & Secured debt................. -138,000
Total Unsecured debt.................... -14,273
Net Assets.............................. 202,727
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.[/font]
I have been forced to take early retirement from work due to ill health ( not an ill health pension)
My income has drastically been reduced. I have cut down quite a lot but I would like some fools to have a look at my Soa with a view to helping me cut back more and what to do with my £40k cash to invest for income.
My mortgage is interest only. But covers my house value £150 and my parents which they live in but which will be left to me when they pass.
Thank you in advance.
Camper.[/b]
[font=courier new]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 13000
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 13000
Monthly Expense Details
Mortgage................................ 497
Secured/HP loan repayments.............. 134
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 87
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 22.32
Telephone (land line)................... 0
Mobile phone............................ 5
TV Licence.............................. 12.12
Satellite/Cable TV...................... 27
Internet Services....................... 44
Groceries etc. ......................... 250
Clothing................................ 0
Petrol/diesel........................... 25
Road tax................................ 0
Car Insurance........................... 23
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 13
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 41
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1255.44
Assets
Cash.................................... 40000
House value (Gross)..................... 250000
Shares and bonds........................ 65000
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 355000
Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 132000...(497)......4
Hire Purchase (HP) debt ...... 6000.....(134)......6
Total secured & HP debts...... 138000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Credit card....................3413......40........0
Credit card....................3895......40........0
Credit card....................6965......136.......0
Total unsecured debts..........14273.....216.......-
Monthly Budget Summary
Total monthly income.................... 13,000
Expenses (including HP & secured debts). 1,255.44
Available for debt repayments........... 11,744.56
Monthly UNsecured debt repayments....... 216
Amount left after debt repayments....... 11,528.56
Personal Balance Sheet Summary
Total assets (things you own)........... 355,000
Total HP & Secured debt................. -138,000
Total Unsecured debt.................... -14,273
Net Assets.............................. 202,727
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.[/font]