SOA - does it look ok?

Triangle

Hi there

Just a thought but feeding the baby may increase your groceries cost. I was set on breastfeeding my first but it didn't work out for us at that time. Formula is around £10/week for the first few months. Just something to be aware of :-)

Oh and by the way, I share your pain - being heavily pregnant in this heat is no fun at all!

cms-help

If they're your prescriptions then they're free now and up until baby being a year old.

When do you tend to go back to teaching as baby will start weaning at 6 months old and you, perhaps, won't want to use value products for that so you will see an increase in food costs?

Also factoring in salary -v- childcare costs.

For me, as a teacher, I am better off financially working 3 days a week than I am working full-time due to childcare costs, student loan repayments etc.

mrsd1984

Will have to think of formula feeding if we get to that stage. I plan to go back to work when baby is 9 months old (if baby makes an appearance!!). I'm wanting to work 3 days. Baby will be in nursery 1 day a week, and with my mum one day and my husband's mum another day. If I do any supply on top of the 3 days then husband can not work a day or so during the week and work at the weekend instead from time to time. He's self employed so we have some flexibility there.

I'm a little confused about the prescriptions? I'm in Wales and don't pay for prescriptions. The medical bills are dentist. It's impossible to find an NHS one around here, the one I was with closed down.

Triangle - good luck

mrsd1984

cms-help wrote: »

When do you tend to go back to teaching as baby will start weaning at 6 months old and you, perhaps, won't want to use value products for that so you will see an increase in food costs?

It depends on the products I suppose. Most of the things we use I find are good. We do buy fresh fruit and veg, it's the things like cereals, bread, pasta, rice, etc we buy value. I'll be happy using them when baby is eating with us to be honest. The only thing I'll think about it meat. We currently use value meat so will look into that one when the time comes.

dancingfairy

Hi. I see in your signature you've listed Oakland furniture and SCS but these don't appear in you SOA as far as I can see?
Oakland you will need to think about as it runs out in Dec. When does the SCS deal run out? Bear in mind that sometimes these things can charge full interest from the begining if you go over the 0% period (rather than just from the end of the 0%). Dig out your contracts and double, triple check the small print.
Best of Luck
df
Edit: how much do you have in your emergency fund at the moment? and can you add more to the barclaycard at 0% if you have to? If so then it might make more sense to use and emergency funds plus child savings for now to pay off Oakland nd then, obviously if there is an emergency to use the barclaycard? In terms of child savings maybe it would be better to pay off debts for the first year or 2 and then catch up when the child is a little older (you can always keep a spreadsheet or list if you are worried about how much you'd need to catch up).

mrsd1984

dancingfairy wrote: »

Hi. I see in your signature you've listed Oakland furniture and SCS but these don't appear in you SOA as far as I can see?
Oakland you will need to think about as it runs out in Dec. When does the SCS deal run out? Bear in mind that sometimes these things can charge full interest from the begining if you go over the 0% period (rather than just from the end of the 0%). Dig out your contracts and double, triple check the small print.
Best of Luck
df
Edit: how much do you have in your emergency fund at the moment? and can you add more to the barclaycard at 0% if you have to? If so then it might make more sense to use and emergency funds plus child savings for now to pay off Oakland nd then, obviously if there is an emergency to use the barclaycard? In terms of child savings maybe it would be better to pay off debts for the first year or 2 and then catch up when the child is a little older (you can always keep a spreadsheet or list if you are worried about how much you'd need to catch up).

The SCS is under 'secured debt' and the Oakland is buy now pay December and we've already got the money to one side ready to pay it off. I'd rather earn a little interest on it now, and then pay it off in December.

My emergency savings are in a 5% account at the moment so I personally feel it's better to earn some interest and then once the year on the 5% is up make a huge transfer over to the Barclaycard.