Help..living off one wage and tax credits!

immoral_angeluk

Oldernotwiser wrote: »

Why is your OH's personal budget £140 per month and yours is £20? I always thought that marriage was an equal partnership? Have I missed something?

It's because I rarely spend anything as I'm a stay at home mum. Dh works full time and out of that has to pay for all his work lunches as well as his treats and personal spending.

immoral_angeluk

lennymfo wrote: »

I have nothing useful to add (nothing new there eh?). Could yourself or Ste sell your bodies for one month only. Would that boost your income?

No one would want mine! I'd have to pay them! Not exactly DFW!

Oldernotwiser

Work lunches of course but, apart from this,shouldn't you have the same amount of money available to you, whether you spend it or not. Two small children are hard work!

immoral_angeluk

Oldernotwiser wrote: »

Work lunches of course but, apart from this,shouldn't you have the same amount of money available to you, whether you spend it or not. Two small children are hard work!

WE did have that discussion but because I'd put it all towards debt anyway it was pointless me having extra money!

System

immoral_angeluk wrote: »

No one would want mine! I'd have to pay them! Not exactly DFW!

I was only kidding my lurvely. You know if I wasn't in so much debt, I'd pay yer:D Seriously thought, Ive found the last few months have been pretty much like your predicament this month. Last month, I had £38 for the last 2 weeks of the month and I have never, never been in that state before. When I pay for the car repairs tomorrow, probably £300-400, we will have around £250 for the month and I dont get paid until 30 Jun - mind you I go in a couple of weeks so I'll be ok:D

azjh77

We live on my wages (all £390 of them) Tax credits and child benefit. Not easy is it!! You are doing a lot better than we are though in terms of debt repayment, we are barely scrapping by.

Keep up the good work.

tryhard_2

immoral_angeluk wrote: »

anything that I can't...

Income
Dh's wages - £850 basic ( he does normally get a bit of overtime BUT he has just been offered a new job which is apparently 14k a year so this will be going up to about £941 a month.)
Tax Credits - £108.62 every weds (So £434 for an average 4 weds month.)
Child benefit - £120.80

Total - £1404.80

Household Bills
Rent (Housing association) - £296.47
Council Tax - £104 check if your council will allow you to pay the amount over 12 months instead of the 10 so will save you another £18 pm
Water bill - £17.18
Gas and Electric - £65.50 is this the best deal posssible; powergen have an offer on quidco at the moment have a look
Tv Licence - £11.37
Car insurance full comp for me and DH (Who's just passed his test)- £33.78
Dh Mobile up for renewal in oct- £25 average
My contract mobile line rental can cancel in oct - £8 estimate
My pay and go mobile - £10 MAX
Phone broadband and line rental just switched to tiscali - £30ish
Food for 2 adults, a 2 yr old and a weaning baby both in nappies - £200
Petrol - £50
Dh personal budget (Our personal budgets are for everything else inc hair cuts, treats, going out, etc- £140
My personal budget - £20
Car tax/mot - £30

Total household outgoings - £1131.30

Debt repayments
Welcome Car finance - 24.1% til Oct 2010 total when paid back inc interest about £7900 - £160.50 a month
Citi credit card - 27.9% Balance £850ish as just paid a lump off limit £1,500 - Min payment about £25 a month
Barclaycard - 19.9% purchases, 16.9% balance transfers balance £807.12 limit £900 - £20 a month

total outgoings per month - £1246.80

Leftover £158

barclaycard is 16.9% for BT BT from citi to barclaycard? as you have paid off lots of little debts they may look on this more favourably

sparklymessygirl

HI IA - you may well have covered this in another thread but I was wondering about
1. packed lunches for Ste's work
2. are you using terry nappies (if they are cheaper? - dunno as have no kids myself!)
3. could Ste get the 0% CC and transfer onto that?

Sparkly

KellsBells

Hi Sarah,

was thinking about your situation while having my tea (yum yum!!) and I thought about the possibility of you getting a part time evening job.

As Ste works at HMV, he should be home for about 6ish (?). Could you maybe do a few hours a night at a petrol station or shop? If you do less than 16 hours a week it probably won't inpact on the tax credits either.

I know it's not ideal, as you wanna see ste after a days work, but every little will help towards the bills, won't it chick?

immoral_angeluk

Council Tax - £104 check if your council will allow you to pay the amount over 12 months instead of the 10 so will save you another £18 pm
Water bill - £17.18
Gas and Electric - £65.50 is this the best deal posssible; powergen have an offer on quidco at the moment have a look

We've already asked the council tax and they only do 12 months.... and our gas and electric isn't cheapest but apparently scottish power (who we're with) are dropping their prices in June so we're going to see if that makes any difference...

tryhard wrote: »

barclaycard is 16.9% for BT BT from citi to barclaycard? as you have paid off lots of little debts they may look on this more favourably

That's a good idea will mention it to Ste and see what he says.