SOA Improvements?

theoretica

A couple of things surprise me being so low, are they for both of you, or only one? Mobile at £7.50 for one is doable, but for two is excellent.

Also - sorry to be miserable - life assurance. Do you have high enough cover on each of you for not only loss of half your earnings as a couple but also the extra expenses of becoming a single parent?

FireWyrm

So, you spend +£4000 a year on entertainment but apparently have no medical or dental cover for the family? This is all about priorities. You spend £350+ on food every month and yet need to pay a subscription to 'slimming world'...doesnt this seem counter-productive to you? Add to that £150 on clothing which presumably is due to yo-yo dieting since adults cannot possibly require replacement clothes at that rate, children yes, adults, not a chance. You have zero emergency fund yet spend £720 a year on haircuts!

If you simply re-evaluate your priorities a little, you can add money to medical, dental and emergency fund as well as eat better, require less clothes and have more fun without worry of losing your job and becoming destitute should the worst happen.

Oh and if you diverted your entertainment budget to debt, you could be totally debt free by Christmas.

ReadingTim

FireWyrm wrote: »

Oh and if you diverted your entertainment budget to debt, you could be totally debt free by Christmas.

This.

(much as I hate people who say/do the "This." thing on internet forums....!)

Worth thinking about OP...

KirstyO

Please correct me if Im wrong OP, but you don't seem too fussed about paying the card off completely at the moment as its on 0%?


When does that finish? As I mentioned before it's worth stashing so that if 0% ended you'd have a chunk of money to go to it (with some proper, careful, strict budgeting you could have saved enough for the whole balance in the space of a couple of months).