Knowledge Begins at Home
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A Case Study: Annual Income vs Expenditure
The final figure in each column shows the amount that each couple have available each year to cover the mortgage and the higher costs of running a larger property. The fist couple have demonstrated that they clearly can afford the property – moreso that the second couple, despite the idntial income. This demonstrates the importance [...]
Monthly Expenditure
[table caption=”DETERMINE YOUR MONTHLY EXPENDITURE” width=”650″ colwidth=”20|100|50″ colalign=”left|left|center|left|right”] NO,ITEM,AMOUNT (£) 1,Food and drink,——————————— 2,Clothes,——————————— 3,Household items,——————————— 4,Telephone charges,——————————— 5,mobile charges,——————————— 6,internet charges,——————————— 7,TV expenses,——————————— 8,licence,——————————— 9,Fuel,——————————— 10,Oil,——————————— 11,Gas,——————————— 12,Electricity,——————————— 13,School expenses,——————————— 14,Car and travel,——————————— 15,Loan,——————————— 16,Fuel,——————————— 17,Tax,——————————— 18,Servicing,——————————— 19,Train/Bus/Undeground,——————————— 20,Entertainment,——————————— 21,Holidays,——————————— 22,Subscriptions,——————————— 23,Standing orders,——————————— 24,Direct debits,——————————— 25,Insurance,——————————— 26,Car,——————————— 27,Building,——————————— 28,House contents,——————————— 29,Water rates,——————————— 30,Council tax,——————————— [...]
Assets and liabilities – Case Study
[table caption=”TABULATED EXAMPLE OF ASSETS AND LIABILITIES” width=”650″ colwidth=”20|100|50″ colalign=”left|left|center|left|right”] NO,Assets,Amount 1,Value of your property,£150000 2,Savings in bank or building society,£5000 3,Shares or other investments,£3000 4,Total,£158000 [/table] [table width=”650″ colwidth=”20|100|50″ colalign=”left|left|center|left|right”] NO,Liabilities,Amount 1,Mortgage outstanding,£112000 2,Debts such as loans,£9000 3,Cost of moving,£3000 4,Total,£124000 [/table] [table width=”650″ colwidth=”20|100|50″ colalign=”left|left|center|left|right”] Balance,Net cash available (assets less liabilities),£34000 [/table] Assets [...]