Childcare support questions.

Oldernotwiser

Even if you deduct £1,000 per month for childcare (which grosses up to about £18,000) this leaves £22,000 plus a student loan and a discount on the council tax which is still quite ample for a couple with a small child. You really wouldn't expect to get much extra help on this sort of income. I agree with others' posts regarding saving some money on your childcare.

jander

Oldernotwiser wrote: »

Even if you deduct £1,000 per month for childcare (which grosses up to about £18,000) this leaves £22,000 plus a student loan and a discount on the council tax which is still quite ample for a couple with a small child. You really wouldn't expect to get much extra help on this sort of income. I agree with others' posts regarding saving some money on your childcare.

You'd think...

TV License: 11.95
Insurance: 56.69
Mortgage: 700
Council tax:105 (discount included)
Loans& Credit cards:434.91
Thames Water:27.54
Gas/Electricity:102
Nursery: 975
Travelcards:225.90

Total: 3046.36 per month..

You still think it's enough? I haven't even included food shopping.

JoolzS

This is how I understand your situation:-

- you earn more than £40K per annum;
- you have savings;
- your wife is choosing to go to school;

but you want other tax payers to give you money.

I honestly don't understand it.

You also may need to rethink your previous post (the one at 11.47 in case anyone has posted in the meantime) - your maths seems to be out as the total of what you listed comes to £2638.99.

Julie

Magnolia

Nearly a grand for child care!!! Blimey I would be looking at changing the child care arrangements!

Edited to add - I don't earn enough to pay that! And I work full time!

Oldernotwiser

jander wrote: »

You'd think...

TV License: 11.95
Insurance: 56.69
Mortgage: 700
Council tax:105 (discount included)
Loans& Credit cards:434.91
Thames Water:27.54
Gas/Electricity:102
Nursery: 975
Travelcards:225.90

Total: 3046.36 per month..

You still think it's enough? I haven't even included food shopping.

It's not the state's fault that you have a lot of debt. Neither student funding nor benefits take personal debt into account, nor should they.

jander

JoolzS wrote: »

This is how I understand your situation:-

- you earn more than £40K per annum;
- you have savings;
- your wife is choosing to go to school;

but you want other tax payers to give you money.

I honestly don't understand it.

You also may need to rethink your previous post (the one at 11.47 in case anyone has posted in the meantime) - your maths seems to be out as the total of what you listed comes to £2638.99.

Julie

Yes you're right I included a couple of bits that I should have left out.

In any event, from everyone's answers here I see a bias towards taking my head off and sticking it on London bridge, just because I have the audacity to be the only working partner/parent.
I've never claimed any benefits in my life, even when I was laid off years ago, and it really !!!!es me off seeing help going to those not worthy.
Yes it's my wife's choice to better herself through studying, you'd thing it is appreciated in a country where dumbing down is becoming the norm. At the end of the day, this is a very simple equation.
My salary is barely enough to maintain the three of us, we don't go out drinking, we don't spend any money apart from the absolutely necessary, and yes I want the government to give me the minimal help needed with childcare so I can put my wife through medical school and my son to a nursery, because in two years, SHE will be the one helping you cure your diseases and afflictions, so please please reign in the holier-than-thou replies, if you cannot suggest something that will help :-)

morg_monster

wow if someone would only invent a time machine then jander and his wife could go back and make different decisions and change the situation he is in NOW.... geez
i'm glad your wife is working hard on her course and is going to help me out when i need it.

i think you will get more constructive help on the debt free board to be honest. Are you in london? if so 40k doesn't go so far as it does in the rest of the country; childcare in particular is very expensive and £1000 sounds not-so-bad.

assuming there are no further benefits available to your family, and there's no possibility of any other income, you have a choice, either:

cut down your outgoings so you can live off your income (there is always some slack and the DFW board will find it for you if you post your full statement of affairs) (yes it would mean changes in lifestyle)

continue living off your savings. We have savings for a rainy day, well here is your rainy day. Because you have those savings you can afford to continue living like this if you want to (you'll need to work out how long the savings will last though!). Once your child turns 3 some money will be freed up and soon after he turns 4 he'll be at school and childcare will be minimised further. Plus in a few years your wife will be earning a super duper good salary and these hard financial times will be completely, utterly forgotten.

so i think you have a choice - cut down on your lifestyle now and keep your savings, or keep your lifestyle, spend your savings, and hope nothing happens that requires a big chunk of cash before you have a chance to replenish them once your wife is working. (or some combination of the two).

(one last bit of advice that I'm sure you don't need - don't have another kid before your wife is earning!!! that would really put you in a hole...)

jander

Glad your post is more constructive..

morg_monster wrote: »

wow if someone would only invent a time machine then jander and his wife could go back and make different decisions and change the situation he is in NOW.... geez
i'm glad your wife is working hard on her course and is going to help me out when i need it.

morg_monster wrote: »

i think you will get more constructive help on the debt free board to be honest. Are you in london? if so 40k doesn't go so far as it does in the rest of the country; childcare in particular is very expensive and £1000 sounds not-so-bad.

Yes I am

morg_monster wrote: »

assuming there are no further benefits available to your family, and there's no possibility of any other income, you have a choice, either:

cut down your outgoings so you can live off your income (there is always some slack and the DFW board will find it for you if you post your full statement of affairs) (yes it would mean changes in lifestyle)

I'd have no issue doing that, but there aren't any viable changes, none that I can see anyway. already Not drinking, not going out, no crazy shopping etc. Which board do I post to again?

morg_monster wrote: »

continue living off your savings. We have savings for a rainy day, well here is your rainy day. Because you have those savings you can afford to continue living like this if you want to (you'll need to work out how long the savings will last though!).

Pitifully little at the moment, it won't last for long.

morg_monster wrote: »

Once your child turns 3 some money will be freed up and soon after he turns 4 he'll be at school and childcare will be minimised further. Plus in a few years your wife will be earning a super duper good salary and these hard financial times will be completely, utterly forgotten.

Your last sentence is what keeps her and me going, child turns 3 in December.

morg_monster wrote: »

(one last bit of advice that I'm sure you don't need - don't have another kid before your wife is earning!!! that would really put you in a hole...)

Correct :-) we didn't plan the first one anyway

welf_man

You seem to have a low mortgage (for London!) but high debts on cards and loans - is it possible to rationalise that situation?

Is your child at a private nursery? And is there one where your wife studies? If yes to both, get him on the waiting list for the university one if it's cheaper.

If worst comes to worst, your wife could take a year out and work.

Mel.

jander

welf_man wrote: »

You seem to have a low mortgage (for London!) but high debts on cards and loans - is it possible to rationalise that situation?

Rationalise...?

welf_man wrote: »

Is your child at a private nursery? And is there one where your wife studies? If yes to both, get him on the waiting list for the university one if it's cheaper.

Yes and no I fear...

welf_man wrote: »

If worst comes to worst, your wife could take a year out and work.
Mel.

That may have been an option, but she already took a year out when our child was born, taking another one now is not feasible..Medicine is not a forgiving degree...