Budgeting and Debt Calculator (Financial Statement)

Calculate monthly amounts:

£
(Weekly wage x 52) ÷ 12 = monthly amount
or
£
Yearly wage ÷ 12 = monthly amount
Monthly amount:

Click on the down the left hand side where necessary for further information and guide figures.

Household Details

Number of people in my household
Adults
Only include yourself and your partner here.
Non-dependants / Other
Include any other people over the age of 18 year (children, relatives, etc.) but not your partner

1) Income

Monthly
£
£
£
£
£
£
£
£
£
£
£
£
£
£
0.00

All boxes should have a number in them, please check that none of them contain letters or other symbols before you continue.

2) Outgoings

Monthly
£
£
£
£
£
£
Single Person (Up to approx £300)
Couple (Up to approx £505)
Each Child (Under 16 Up to approx £82, 16+ £145 approx)
£
These benefits should normally be used for care and mobility costs
£
These benefits should normally be used for care and mobility costs
£
These benefits should normally be used for care and mobility costs
£
Usage
£
Usage
£
Usage
eg. Coal / Oil
£
£
£
£
£
Each person (Up to approx £40)
£
Up to approx £34 (single person)
Up to approx £15 (additional adult)
Children under 16 (Up to approx £6)
Children 16-18 (Up to approx £10)
£
Include all costs - petrol, repairs, tax, insurance, MOT, bus & train fares including school travel (these figures can vary depending on circumstances)

Up to approx £80 (first adult)
Up to approx £70 (additional adults)
Up to approx £28 (children under 16 yrs)
Up to approx £48 (children aged 16 to 18 yrs)
Up to approx £170 (per vehicle)
£
£
Include Home, Life etc but don't repeat Car (see travel above)
£
Include extra costs if you have special needs (eg: Diet and bedding)
£
£
Remember
Depending on your circumstances (eg. low/benefit income), your outgoings may be different from our guidelines and you may have extra expenses for emergencies, pets etc. Please take this into account. Don't leave yourself short, as this may lead to difficulties in the future.
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All boxes should have a number in them, please check that none of them contain letters or other symbols before you continue.

3) Money for Creditors

Monthly
0
0
0

4) Priority Debts

Arrears Monthly Payments
£ £
0

All boxes should have a number in them, please check that none of them contain letters or other symbols before you continue.

5) Money for Non-Priority Debts

Monthly
0
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6) Non-Priority Debts

Balance Offer of Repayment
£
0
0
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This is an accurate record of my financial position at 21/11/2024

Signed ......................................................................................

All boxes should have a number in them, please check that none of them contain letters or other symbols before you continue.

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