Affording to live

DancerSupreme

My husband is about to take a pay cut. His job always included a subsidised house. He also has to pay CSA for his older 2 children. If we were not paying this we would have enough to actually rent a house and not rely on the council's homelessness department which I have heard is shocking in this area.

We have debts and our repayments are £450 a month. His salary will become around £20,000-£23,000.

How can you get your income to cover your rent because looking at ours (and I do have a small wage but mine really covers the debts and childcare) we only have £400 a month but realistically we really need closer to £650-£700.

Lokolo

His take home is £1,300. How can this not cover rent, food and bills? (given your income covers debt repayment and childcare)

£150 food.
£100 bills.
£100 CT.
£100 extra.

This leaves £850 for rent. Which unless you live in my area, is plenty.

opinions4u

I think this is probably better posted on the Debt-Free Wannabe board.

Presumably his payments for other children will be reassessed if he's taking a paycut?

Lokolo

And do one of these:

http://www.makesenseofcards.com/soacalc.html

DancerSupreme

There are things such as car insurance, fuel to get to and from work etc that need to be factored in too. I have a very strict budget sheet thats all.

Never mind I'll take it to the DFW. Thought it was more of a budgetting question thats all.

DancerSupreme

opinions4u wrote: »

I think this is probably better posted on the Debt-Free Wannabe board.

Presumably his payments for other children will be reassessed if he's taking a paycut?

I have the figures that would be reassessed so am working off correct calculations. It does go down yes but it is by that much that we are short by each month. Obviously that gets allocated first as they also have to eat and live.

Lokolo

gembaxter wrote: »

There are things such as car insurance, fuel to get to and from work etc that need to be factored in too. I have a very strict budget sheet thats all.

Never mind I'll take it to the DFW. Thought it was more of a budgetting question thats all.

Yeh the posters over there are a little better at knowing where things can be cut down and how than us

DancerSupreme

Lokolo wrote: »

Yeh the posters over there are a little better at knowing where things can be cut down and how than us

Thanks Lokolo

opinions4u

gembaxter wrote: »

Thought it was more of a budgetting question thats all.

It is. If it had been my post on my budget I'd have put it here too. But I think you'll get better support on DFW - here's hoping I'm right! Good luck.

DancerSupreme

opinions4u wrote: »

It is. If it had been my first post I'd have put it here too. But I think you'll get better support on DFW - here's hoping I'm right! Good luck.

Thank you too opinions4u

This is a nice board. It makes a change to be advised to post elsewhere without a tirade of unnecessary comments. Big thank you to you :j