New DFW Needs Help/Advice

SueP19

Hi there Molly

I have to say I cannot add anymore to the very sound advice that you have already been given.

A note on the 0% BT, I would go for it, we used to spend about £440 on food and since joining (7 ish weeks) I have slowly reduced this to £340 without too much effort.

On the wages front, we are exactly the same as you, one weekly and one monthly. I took my SOA and entered it onto a spreadsheet, then in the colomns to the right I split the monthly bills off from the weekly expenses until all my monthly wages was used up. I did have to juggle to get the most DD's paid by my monthly wages and the ones left over(mostly MOT, RFL, Christmas savings etc)I divided by 4 and I save that amount in a savings account attatched to my bank account.
Hope this helps

dancingfairy

I think you need to think about organisation:
1) do a spending diary to see where the 'spare' money is going
2) would it help to map out a month ie week 1
income
outgoing

week 2
income
outgoings

You might then find it easier to move some direct debits around?
I am sure others have some systems on how to manage with a weekly and a monthly wage - I think it comes down to finding a system that will work for you.
Perhaps SueP's suggestion will work?

Another idea which may help is to get a bank account with no overdraft facility and organise your direct debits around when you get paid - as I said above ie
week 1 You get paid and Oh gets paid
bills for this week are : council tax, electric, etc

week 2 OH wages
bills for this week: telephone, water, tv etc.

You would then treat the overdraft on your old account as another debt and set up a standing order to pay a certain amount off it each month and would not have to worry about where you were in the overdraft each month as it would be being paid off and you would be able to see exactly where you are in terms of what bills had gone out and what still needed to be paid.

You could also move to a new current account with no overdraft and treat the old overdraft as an debt to be paid off with whatever method of organising the bills you choose.
df