Pap attempts to live on part time wage for a year...

postingalwaysposting

Tiny update before I go to bed. My paypal money cleared today so I put £3.30 in my locked saver and £5.00 in my holiday pig. I therfore have £5 spare as I need to send a parcel tommorow but whats left will go in my pig :j Oh also my stampin up money will be around 1/2 this month as our last 'group' has just finished and the new one stats in fab. However I need some glue so that will be £10 with postage.

So this is january's soa. Its the first month that I will be on p/t wages so I have to play it a bit by ear but if need be things can be altered/shaved. I have worked my wages out as a round number (£5 instead of £6.62) as I am unsure what tax/ni/pension they will take this coming month. Therfore...

income
£400.00

outgoings
£120.00 ~ rent ~ reduced due to mums half of the payment for holiday
£35.00 ~ internet ~ this is approx but my internet is £21 a month and the line is £12 a month
£13.00 ~ house ins
£25.00 ~ locked saver
£21.00 ~ bus ticket ~ can be saved/brought at the end of the month as I still have a full ticket here and plan to walk home from work as much as possible
£10.00 ~ WLR
£10.00 ~ SU club ~ reduced for just january
£40.00 ~ ‘me’ money
£106.00 ~ holiday ~ my portion of this is £51, I was planning to spend £40 this month booking the sun holiday anyway and this is more days ~ needs to be booked before the end of january to secure this price

£380.00

leaves £20 for holiday saves

postingalwaysposting

I have recieved £33 from work for my birthday today :eek: I know bit much... Anywasy I will be puting it all in my holiday savings. Ok I can think of a few things I would like but untill later I have no idea how I will save for holiday :rotfl: So thats £33 in there :j

ps *waves* hiya rog

mickey_mouse

yaaaaay for birthday money


your SOA looks good- you haven't put any money down for food or entertainment though.
have a great weekend - what are you planning to do?

postingalwaysposting

mickey_mouse wrote: »

yaaaaay for birthday money


your SOA looks good- you haven't put any money down for food or entertainment though.
have a great weekend - what are you planning to do?

Mikey, the food is in with the rent, as long as I eat what mum buys If I want anything extra like takeaways/water/luxaries it has to come out of the £40. As for entertainment I dont go out ~ full stop :rotfl:I entertain myself on here and with all my craft stuff or walking ~ tis free Saying that though I have got to take my mum out on her birthday so that will cost a fair bit from my £40 :rolleyes: Ohh this weekend I an working but only 5 hours each day, I will then be on here and chilling.

Hope you have a nice weekend, what are you up to?

postingalwaysposting

Ok just out of curiosity I thought I would try and find out what tax I may pay on my earnings. So working on that I pay 10% pension, tbh I dont know this amount and I should check in work really so I can up it if needed. So using listentothetaxman and working on 20 hours @ £6.62 = £529.60 per month =

Tax free Allowances £502.50
Total taxable £27.10
Tax paid £5.42
National Insurance £8.21
Pension [you] £10.00
Pension [HMRC] £2.50
Total Deductions £23.63

Net Wage £505.97 :rolleyes:

Now anyone who is tax knowledgeable think this is correct? I so dont believe any of it but thats the person I am, because to me that means I wont be paying enough tax If its true I will be taking home an extra £98 ish a month (after union and social deductions)

Any help welcome

Gemmzie

I think that's right as your income isn't very high over the tax threshold so you're being taxed on very little

beanielou

^^^^What experrt Gemmzie says

postingalwaysposting

:j How cool that means I will be earning more than I thought

beanielou

Good news for you then PAP
when will you get your payslip then?

postingalwaysposting

beanielou wrote: »

Good news for you then PAP
when will you get your payslip then?

Yep great news considering I was thinking I would just about get £400 a month :rotfl:They only give them to us payday (15th) or after so 99% of the time I know from my bank how much I have got payed. I will find out on Thursday :j