can someone look over my soa?

J4mes

Thats some really good advice there pollycat!!

Though I reckon £100 on groceries is very workable, though like you say the odd lunch treat or coffee here and there break the budget!

DVardysShadow

keyser_soze1 wrote: »

new year new start really, i havent budgeted in a proper way since i moved out away from family, with them saving was a very strict thing and i was justifying every single penny to my dad, which when you are in your mid 20s and not in debt can be quite humiliating, luckily since i moved out we are on much better terms.

It seems that you have managed to come out of this with your finances properly managed and not too damaged by the interference. Don't react to the upbringing by getting careless with the money.

keyser_soze1 wrote: »

my partner does work, the £360 a month is what she pays towards the bills, we both work full time.

partner has loans she is dealing with, i am sorting out the stuff with the house because i lived here first and everything is in my name and through my account

Do you share any financial products? Mortgage? Joint accounts? etc?

If you do, you need to do a combined SoA, because either one of you can pull down the other one by damaging their credit records.

Pollycat

J4mes wrote: »

Thats some really good advice there pollycat!!

Though I reckon £100 on groceries is very workable, though like you say the odd lunch treat or coffee here and there break the budget!

I do agree, J4mes, although it does take some work (including menu planning, batch cooking etc) which most (though not all) young people who are working full time won't be doing.

That's why I think (unless the girlfriend is contributing to groceries over & above the £360 already mentioned) this figure needs verifying.

DVardysShadow wrote: »

It seems that you have managed to come out of this with your finances properly managed and not too damaged by the interference. Don't react to the upbringing by getting careless with the money.

I agree, DVardyShadow.

No debt at all is pretty commendable.

Well done, OP.

keyser_soze1

hi all

fiancee and i dont share the mortgage in joint names and dont have joint finances, i have my account, fiancee has her own. £100 would get us through the month with groceries, we take our own dinners to work, mainly because of dietry reasons, i suffer from ibs and fiancee is diabetic, makes things a lot easier for us if we take our own in, as an example i cant go into a coffee shop as caffeine gives me cramps, artificial sweetener makes me sick etc. anything fiancee contributes is a bonus, all i ask is she puts in what she can when she can. the point of the soa was to deal with the household stuff first and work out a savings target from there. with presents we deal with eachothers families as eachothers responsibility, stuff for eachother we work out at the time and agree a ball-park figure.

once i know how workable/if at all the soa figures are i can then look at things like the car. main purpose was to work out how realistic using my fiancee's monthly contribution to pay for the wedding savings would be