IA's 'Does my bum look big in this Debt?' Diary

immoral_angeluk

Oh dear.. I need to rejig the budgets... :undecided Apparently they've put the price of food up at the canteen at Ste's work.. and his £10 a week now isn't lasting the whole week. Add that to the fact that because of my being at argos and us having band practice on sundays we're having to put £15 of petrol in every week... not to mention that our tax credits will be going down again next month when K turns 1... *scratches head*

!!!!!! I've thrown away our newest tax credits notice by mistake and kept an old one... I'm sure, however, that when K turns one the tax credits drop by about £15 a week... :eek: Not good...

So at the moment..

£93.57 a week tc..

£50 food
£15 petrol
£10 band practice
£15 Steve..

= £3.57 spare :shocked:

and then come january

£78.57 a week tc ..

£50 food
£15 petrol
£10 band practice
£15 steve...

= £11.43 short.....

...sh*t.

uuummm....... *scratches head and looks worried*

JET34

Perhaps Ste could take a packed lunch a couple of day's a week...... or may be not.....

immoral_angeluk

JET34 wrote: »

Perhaps Ste could take a packed lunch a couple of day's a week...... or may be not.....

he already takes sandwiches and things but they end up being eaten in the morning and afternoon.

bandraoi

So you transfer £11.43 more from the bills account.
Not a big deal, you only have a car loan left with interest on and you'll still have the tv paid off in no time.

It's time to start thinking about spending a little bit of money on stuff you enjoy now, (instead of spending it all on stuff you enjoyed on the past and the interest it has accrued since you enjoyed it)

mrsspendalot

Why don't you ring the tax credits and ask them what your payments will drop to? Then you will have a solid figure to work on rather than a guess of £15.

immoral_angeluk

mrsspendalot wrote: »

Why don't you ring the tax credits and ask them what your payments will drop to? Then you will have a solid figure to work on rather than a guess of £15.

good point.. give me 5 mins

immoral_angeluk

Right, got the actual payments we're going to be getting..

so at the moment we're getting £85.33 ctc/£8.24 wtc = £93.57
from 30th Jan - 2nd April we'll get £73.44 ctc/£8.01 wtc = £81.45
from 3rd April provisional payments are £81 ctc/£11.06 wtc = £92.06

hmmmm.... so not AS bad... but still awkward when we're living week to week as it is..

immoral_angeluk

Time to a new SOA I think!

immoral_angeluk

SOA as of 30th Jan when tax credits drop....

Income
Ste wages - £940.41
Child benefit - £120.80
Tax credits - £81.45 per week
= £1387.01

Bills
£296.45 Rent
£11.61 Tv licence
£17.18 Water
£104.00 Council Tax
£160.50 Welcome Car finance
£6.36 Lewis's insurance
£35.00 Sar mobile
£34.15 Car insurance (Ste and I fully comp)
£55.00 Scottish power (gas/electric)
£34.89 Tiscali (phone, internet, calls and line rental)
£35.00 Ste mobile
£5.14 Home contents insurance
= £795.28

Other outgoings (based on weekly amounts)
£216.50 food
£64.95 petrol
£43.30 band practice
£43.30 Ste lunches
= £368.05

= £223.68 spare


:think: Now.... how do we rejig that lot into a workable budget when we get tax credits weekly???

floss2

Why not use Ste's wages for the bills, use child benefit & tax credits for "other outgoings", then transfer what's left over each time you get child benefit over into your savings account? And you can add the extra from Ste's wages to that too...?