Weekly anounts for SOA

Tommyjunior742

Hi,

Im just getting round to doing my SOA in irder to try clear some credit card debt. I currently pay a weekly amount of child maintenance. So some months there are 4 fridays in yhe month and some momths 5, how do i incorporate this into a monthly SOA?

If i x 52 and divide by 12 its not really a true reflection if that makes sense?

Thanks in advance.

MrsSave

I hope this makes sense........

What I'd do would be to budget for £x x 52 / 12. During the months that have 4 Fridays, you will have a little left over. That should build up so when you reach a month with 5 Fridays you have all that you need budgeted for.

Or, is the maintenance a private agreement between you and your ex? Would you be able to change it to monthly instead of weekly (by using the x 52 / 12 calculation)?

ToeDipper

We have a cash kitty for the weekly food shop of £40. I budget 52 x £40 / 12 in the monthly budget and we withdraw the £40 cash every week at the supermarket. We've never found ourselves short yet so it does work - maybe just make sure you don't start on a five week month!

datlex

OP over budget. So for the maintenance payment put the amount for a 5 week month. If you work on that basis you will have covered Christmas for nothing!