Update on SON with impending house sale

tjak

We are in the process of selling our house to clear all debts and I would love further advice on our new SON, so I don't miss anything. I am determined to be able to save to get a deposit together while we rent, so every penny will count. We are due to complete on 18 September, so it is all getting very close...

Contents insurance -£15.00
Life and Critical illness -£49.75
Life and critical illness -£60.75
Petrol for travel to work -£150.00
Car Insurance -£24.65
Phone/broadband/TV -£32.99
food for 3 and 2 dogs -£200.00
Oil and electricity -£89.50
TV License -£8.51
Mobiles -£40.00 (contract until Jan 07)
Water -£31.00 (metered but regular payment)
Council Tax -£150.00
Rent -£895.00

Salary 1 £1,133.00 (plus potential bonuses)
Salary 2 £1,100.00 (plus overtime About £100)
Child Tax Credit £30.00
Child Benefit £64.00

Any help much appreciated - its very scary not owning a house any more.

lynzpower

Hi there

Ive had a look and TBH I cant really see anything thats really shocking ( apart from the rent- I take it this was the cheapest that would take the dogs?)

that council tax is pretty high, check whether this is over 10 or 12 months, as if its over 10 theres a spare 300 in your budget when the year comes round ( i think thats march April but do check)

Do check your contents & life covers there might be cheaper?

I make your surplus on these figures 579.85 per month.but you havent included presetns or any car costs eg mots, or parking etc.I guess you could have 450 to save every month plus bonuses and overtime?

How bad is your credit rating- if its repaired enough is there any mileage in stoozing??

Dr.Shoe_2

What about child minding if you both work? Or do you work alternate shifts?