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Any advice - single parent of two spiralling into debt

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  • enthusiasticsaver
    enthusiasticsaver Posts: 16,053 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I don't think this situation is sustainable without a drastic change. Your combined mortgage and childcare costs even though one is in school are taking almost your whole salary. If you live in London housing costs are high. Is your job transferable to another area? You cannot afford your parents medical bills either and should get the utilities and groceries down but the biggest issue is the childcare costs if it is £1900 plus the £400 you have put down for emergency childcare and pocket money for your helper. I don't see how you can carry on with that lifestyle.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

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  • brizzlegirl
    brizzlegirl Posts: 1,260 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Yep language students have worked well for us too. You need to make your main asset..your house..work as well as it can for you

    Brizzle x
  • brizzlegirl
    brizzlegirl Posts: 1,260 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Hope you're doing OK and life is looking up

    Brizzle x
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