sheets to scotland budget

8/3/2019 Sheets to Scotland Budget

1/10

Monthly Annual Monthly Annual

Amount () Amount () Amount ($) Amount ($)

House & UtilitiesMaintenance & Repairs 50 600

Council Tax 188 2256

Gas/Electricity 150 1800

Rent-Home 700 8400

Rent-Office (in the home) 200 2400

Internet Service/ AOL 25 300

Phone/ B.T. Local 25 300

Phone/ Mobiles 40 480

Vonage ($24) 15 180

TV Licence Fee 10 120

House Total 0 0

Car: Running & Maintaining:

Family Car Payment 250 3000

Petrol (gas) 200 2400

Repairs/Servicing 50 6002nd Car Payment 100 1200


Car Total 700.00 8400.00

Church:

Church Giving 400 3600

Mi i t R /S li 150 1800

Categories

heets to Peterhead, Scotland~Budge

exchange rate: 1.65


2/10

Community Center Family Pass 35 420

Symposium -- part of community 60 720

Childrens extra-curricular

activities 50 600Sky TV (for events in our home) 50 600

Haddo Choir (Daisha) 10 120

Community OutreachTotal 205 2460

Savings:

Emergency Fund 100 1200

Gideon's Education 200 2400

Naomi's Education 200 2400

"Retirement"/Security/Next Field 400 4800

General Savings 100 1200

Savings Total 1000 12000

Debt:JR's HST School Loans--$25K

total 600 7200

(this would pay off the school debt

in 2 years)

TOTAL 72,876 $ #######

JR D i h Gid N i S l d B d


3/10

JR, Daisha, Gideon Naomi~Scotland Budget

This is our budget with the information we currently have.

I have been doing research all week as to cost of individual items as well as into set-up costs.

I have asked ministers in the UK as well as here for clarification of "work fund" and cost of living.

One of our values for the church in Peterhead is to become self-sustaining.Toward that end, as JR has already discussed with the men there, at YEAR 5 we will re-evaluate to determine if the

congregation is ready to assume financial responsibility of the Work Fund (at least on a sliding scale).

Year 1 and 2 have their own sheet due to the school loans we have taken out to help finance JR's M.Div. degree.

We would like to pay this off aggressively, similar to the way we paid off the medical bills from Gideon's birth.

We have never, and never intend to, "live high on the hog". I have provided a "comparison sites and stats" sheet

so that those reading this budget can gain perspective on the comparative prices of everyday items.

Keep in mind the exchange rate from pounds() to dollars($) is approximately 1.6 (that is, 1=$1.60)

J D i h Gid N i Sh t S tl d


4/10

Jr, Daisha, Gideon Naomi Sheets~Scotland

BPS() Dollars($)

Start up Costs:

30K -40K $50K-$66K

Family Car: 12,000 used with seating for 7?

2nd (small) car: Scooter 500 used

Furniture 7,000

Soft Furnishings 2,000

4,000

Shiping one crate 3,000 we are looking for other shipping rates

4 one-way tickets 2,300

Visas 800

31,600 $52,800

~32K with buying

cars in full

payment per month in BPS

Owning: 600 for 10 years 72 K plus down-payment ~112K (total)

You get the $$$ back when we move!!

Renting: 900 for 10 years 110 K assuming there is only one place rented

This number goes up if there are multiple moves.

Pluses for Buying:

Setting down Rootscheaper monthly expense

Get money back at the end b/c of the investment

less moving around while there

ppliances/tools/outdoor equip.

House Down-Payment (20%)

It is a "buyer's market" and to get a house big enough to be able to accommodate JR's office, all the guests we will have staying with us, and be

a hub for our community-building, a mortgage payment will be 70% of the monthly cost of RENT.

T UP COST(including a downpayment on house if we go that route): $110ote: These figures would be reduced if we rented and if automobile was put on payme

JR D i h Gid N i Sh t S tl d


5/10

JR, Daisha, Gideon Naomi Sheets~Scotland

Monthly Annual Totals () Annual

Amount () Amount () Amount ($)

House & Utilities

Maintenance & Repairs 50 600Council Tax 188 2256


Mortgage/Rent 600 7200




Vonage ($24) 15 180TV Licence Fee 10 120

House Total 1103 13236 13,236 $21,875

Car: Running &

Maintaining:


Repairs/Servicing 50 600

Car Total 250 3000 3,000 $4,950

Church:


Church Total 400 4800 4,800 $7,920

Household:

Clothing/ shoes/school

uniforms 100 1200

Food: Dining Out 100 1200

Food: Groceries 300 3600Gifts:

Birthdays/Xmas/wedding

s. 100 1200

Categories

JR Daisha Gideon Naomi Sheets Scotland


6/10

JR, Daisha, Gideon Naomi Sheets~Scotland

Savings Total 1000 12000 12,000 $19,800

Debt:

JR's HST School Loans--

$25K total 600 7200(this would pay off the

school debt in 2 years)

TOTAL 50,616 $83,560

100,400.00$

paying off school

debt quickly

Jr Daisha Gideon and Naomi Sheets~Scotland


7/10

Jr, Daisha, Gideon, and Naomi Sheets~Scotland

Monthly Annual Totals () AnnualAmount () Amount () Amount ($)

House & Utilities

Maintenance & Repairs 50 600Council Tax 188 2256


Mortgage/Rent 600 7200




Vonage ($24) 15 180

TV Licence Fee 10 120

House Total 1103 13236 13,236 $21,875

Car: Running &Maintaining:


Repairs/Servicing 50 600

Car Total 250 3000 3,000$4,950

Church:


Church Total 400 4800 4,800 $7,920

Household:

Clothing/ shoes/school

uniforms 100 1200

Categories

Jr Daisha Gideon and Naomi Sheets~Scotland


8/10

Jr, Daisha, Gideon, and Naomi Sheets Scotland

TOTAL 50,616 $83,560

Sheets Work Fund~Scotland


9/10

Sheets Work Fund~Scotland

Monthly Annual Monthly AnnualAmount () Amount () Amount ($) Amount ($)

Rent-Office (in the home)

2nd Car Payment


Ministry Resource/Supplies 150 1800

Library Fund 100 1200

Hospitality 100 1200

Correspondence 50 600

Community Outreach:

Community Center Family

Pass 35 420Symposium -- part of

community 60 720

Childrens extra-curricular

activities 50 600

Sky TV (for events in our

home) 50 600

Haddo Choir (Daisha) 10 120

8460 $14,000

Return Home every other

1 220 2 000

Categories

exchange rate: 1.65

Cost of Living in UK vs. US


10/10

Cost of Living in UK vs. US

http://www.usa-vs-uk.com/houses.htm

in Scotland equivalent in US

Cost Comparison: UK Pounds US DollarsGas ("Petrol") 1.39 a liter $8.50 a gal.

2 liter of Coke 1.78 $2.94

Half Gallon of Milk 1.18 $1.95

1 whole raw chicken (almost 3 lbs.) 4.28 per kg $7.62

1 can of Pringles 2.49 $4.11

Eggs (large, fresh) 1 dozen 3.06 $5.05

Kindle ($79 on US Amazon)

89 (on

Amazon.co.uk) $146.85

Example of auto sold in both

countries (here-$25,700) 21,995 $36,292

These items are just for comparrison.

What amazes me most is when we have

an item here, that we get significantly

cheaper EVEN WITH leaving room for

the exchange rate.

Grocery prices gathered from ASDA.com (the UK version of Wal-Mart)--Nov. 2011

contrasts housing costs

sheets to scotland budget

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