Newbie with my SOA...

Indout96

For things that are paid in one go (Car/Home Insurance, Road Tax, etc.), simply
divide by 12.

I keep seeing this mentioned bu please remember that for the first year only divide it by the number of months until renewal, its no good dividing it by 12 if its due for renewal in September

susieq87

BunnieJ wrote: »

I currently have a Galaxy S4 (just upgraded my contract and got it much cheaper in March!) and although I take care of it, I would really perfer to have insurance that covers me for everthing just in case. I have looked for better deals, but TBH taking insurance out with EE was the best deal for me. I use my phone for everthing as we don't use a landline and I don't have a laptop (mine died long, long ago) at home.

I am prepared to make cutbacks in all other areas...just not this as my phone does EVERYTHING!

have you considered upgrading your bank account, i know a few banks like lloyds and natwest offer phone insurance, AA breakdown, travel insurance for £10 a month. since you're already paying £10 a month for it you might as well get a few extras for your money!

BunnieJ

have you considered upgrading your bank account, i know a few banks like lloyds and natwest offer phone insurance, AA breakdown, travel insurance for £10 a month. since you're already paying £10 a month for it you might as well get a few extras for your money!

I have looked into this, but I still get the best deal with EE. I'm still saving money compared to my previous contract even with the added cost of insurance!

hohum

Tixy wrote: »

I would tackle this two fold.

First you have worked out what you can afford to repay him a month for the ticket and moving costs. Is he ok with that proposal? (whilst it would be good for you to build up savings I would focus on paying him back first so maybe offer him £275 a month for 4months).

Then I would suggest you both go through your joint household costs in detail and do the MSE money makeover to see whether you can reduce any costs and then what the real monthly amount is and whether that is more then £1000 you have budgeted currently (assuming he has been paying the same as you at the moment). Money makeover here http://www.moneysavingexpert.com/family/money-help

After that you then need to decide how you split that cost between the 2 of you. Whether you will both pay the same amount or whether you will split it based on your relative incomes, if they differ significantly.

This sounds like a good plan to me.

I have lived with my boyfriend for four years, and it's only in the last year we have got a hang of how our joint finances work. We spent a long time 'owing' each other money for various things, bills, rent etc. It was OK but actually a bit of a headache to manage. I have found having a joint account for bills made our lives SO much easier, however as I've had a co-habiting relationship where I got burned financially in the past (he scarpered owing £500 to my family, plus a council tax debt of £600 we were jointly liable for, plus the clothes I bought him etc etc) it took me 3 years to feel ready to share finances. So you may want to exercise caution on this.

My boyfriend also supported me when I was not earning last year, and at this point I started to move towards 'our income'. he was taking the long view that we would be able to support each other, and I think this has led us to be able to joint budget. Telling each other exactly what was going on with our own accounts really helped. We sat down a few days ago and went through things, I realised we could have had a gap in income which he would not have told me about otherwise. We've managed to cover it with our budget though for the month.

I have recently started using You Need A Budget, which is simple software that helps you budget and track your spending. It seems to be working so I am quite pleased. I recommend budgeting and doing it on joint income. If you don't feel ready to budget jointly, just account for joint bills & expenditure and stick whatever he has left in a 'partner's managed income' line.

It's not fair to let him shoulder this when you can help out. Think of it as 'our' spending but take responsibility for your share of it.

Toomuchdebt

Another recommendation for You need a budget software-it is excellent and is really helping me, especially with those awkward bills like tv licence and mot and road tax,

Gareth1989

BunnieJ wrote: »

I have looked into this, but I still get the best deal with EE.

You pay £10/month for phone insurance only.

I pay £10/month for the Halifax Ultimate Reward Current Account and get worldwide travel insurance, AA breakdown cover, mobile phone insurance, home emergency cover and card protection.

"The Ultimate Reward Current Account will cost £15 a month. It will only cost you £10 a month if you pay in £750 or more, have a minimum of two different direct debits paid from your account, each calendar month and keep your account in credit."

Are you sure that £10/month couldn't be better spent on a packaged bank account?

Pepperoni

Another that recommends YNAB!

[Deleted User]

Indout96 wrote: »

its no good dividing it by 12 if its due for renewal in September

Remember, we are talking about what the OP is paying each month, not what they will be paying from now on.