Slipping Through My Fingers

HairyHandofDartmoor

I agree that it makes sense to rent the house if you don't need the money to pay off your own mortgage. It's very hard for young people to get on the housing ladder, so anything that gives them a head start is good .

How nice to have a larger allowance too .

beanielou

teafor2 wrote: »

Hi Beanie, yes extra cash is never to be sniffed at is it Just need to think what to do with it before 1st April - which can't come soon enough

Hubby wasn't sure whether to sell the house but I thought we should hold on to it for a while and see how letting it goes. He's an only one so it was just his decision which helps. Even if we'd sold it and banked the money we'd not make anywhere near as much in interest as we will in rent. The other consideration was the way the young 'uns are struggling to get on the housing ladder these days it might be a stepping stone for them in the future. xx

Great idea.
The one next door to me is going on to the letting market at an eye watering sum soon! xx

teafor2

We've still got a mortgage HHD but the thinking behind it is the rent is more than what we pay out, plus we'll still have the house. Nothing is owed on parent-in-laws's house so we'll get the full benefit of the rent - minus the letting agent's fees of course. xx

Beanie, I can imagine the rent being eye watering. The way they're going it won't be long before young people are struggling to pay those, let alone get a mortgage The rent money feels odd. We've always shared everything financially but somehow this feels like it should just be hubby's money as it's from his family home even though it's going into our joint account. xx

HairyHandofDartmoor

If you're married then all your assets are legally shared, so you should feel like the money is yours too. You're raising the children and take care of the house, so even if he's earnt more money in his lifetime, how much would he have paid for a child minder and a cleaner/housekeeper?

teafor2

It's just my feeling HHD, there's absolutely no reason for me to feel that way, I just do It's going in the joint account so any one of us can get to it At the moment I've got the better deal with some more spends - whereas the remainder needs to be left untouched if possible so we can build some funds back up. xx

beanielou

Earmark some of the rent to the CC? xx

teafor2

Probably Beanie, but not just yet. We both want to get the cash back up. What I should be doing is paying the extra spends off the CC, which I need to think about

I've taken 3 fairly big chunks of money from the joint account recently for something I wanted to do that hubby could have said no to and would have had every right to do so, but he didn't. He just said OK with very few questions asked. I know that's a bit cryptic but he's right, we need to get some cash back in our account for the time being. xx

teafor2

Day 28/31, NSD's 15/15, Prolific £1.50 cleared, £1 pending, Cash for 22nd-31st March £0

Another quiet day today. Weather is nice again so will probably take a brew and sit in the garden with a book for a while. Need to look at the joint account ready for the new month. It's the first month since Christmas where we've not got to pay out for something other than normal household bills/expenses.

I'm going to mention I've had no surveys all week in the hopes somebody will hear me and send some through

Hope you all have a good day. xx

teafor2

Morning Everybody

Day 1/30, NSD's 0/15, Prolific £1.50 cleared, £1.55 Pending. Cash for 1st-7th April £29.50

I've not been on here much over the weekend so I need to catch up with everybody but I hope you all had a lovely Mothering Sunday.

A new month and a fresh start with the finances.

First up the credit card. After today's payment plus an extra £4 and £15 (see below) the figure now stands at £1,439.

I decided to split the £45 extra spends equally, so £15 has gone to the CC, £15 towards some plants for the garden and £15 into the caravan pot which will come in handy with it being the Easter hols.

Which means there's the usual £240 left in the kitty. £122 has been put into the relevant pots leaving £118 which divided by 4 weeks = £29.50 per week.

Pots now look like this:

Savings £75
DS Savings £40
Christmas £47
Caravan £60
Dogs £25
Hairdressers £20
Christmas Charity £11
Credit Card extra payment £40
CC Bonus Money £0

Shoppix: 1345/3200 Receipt Hog: 1236/1500

Have a great day everybody. xx

HairyHandofDartmoor

I hope you enjoyed Mother's Day and that you get lots and lots of surveys soon .