It's time to go back to the 90's!

Iris_Blue

I hate shopping too so when I see something I have to get it. Our clothes budget is £57 and being upped to £60 next month for 8 of us. We're overbudget at the moment though hopefully it'll even out.

Your present budget is low anyway and you have that sorted and know what you're doing with it so I'd sell the Boots vouchers then as you can buy toiletries cheaper elsewhere.

LilB_3

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SmlSave

We've been in our property for 11 months now and have only had one bill so far which worked out to £10 per month - it may change with the next bill.

Hi LilB, just to let you know that the water rates do change quite a lot in the first few years in a house. We started at £25p/m for six months then down to £5 for a year, upto £18 for six months and they've just popped it up to £23 now! Wish they'd make up their minds.......

LilB_3

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Lois_E

Hi LilB

I can't think of any suggestions to add to your SOA, but I just wanted to say hello and welcome to MFW. :wave:

LilB_3

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getmore4less

Amount left after debt repayments....... 697.7

This will be the tester for the SOA, £8372 per year saved if not then the SOA needs fixing.

Whats the savings rate been over the last 12 months?

Car loan.......................7450......200.......0

I think a car replacement savings fund is needed to avoid debt in the future.


Whats the full term of the mortgage? that will give you a minimum savings target to pay it off in time.

LilB_3

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getmore4less

OK so no history to help check the SOA it usualy takes about a year to uncover all the spends you forgot about.

25years £101k 4.49% is £561pm repayment, £378 I/O

so a target of £200pm saving/overpayment will have you on track.

Cash.................................... 18000

Why not hit the 10% now from savings and replace the savings from income.

LilB_3

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