BIG drop in income help!!!

Dumb_Blonde_3

Have you thought about childminding ????

Ms_Piggy_2

CLAPTON wrote: »

Realistically, income 1690 and mortgage of 1000 is not really viable.
It will only be a short time before you will start to get into debt.

So how much income does a family need with a mortgage of £1,000 pcm? I ask because that what our mortgage will be when we move, and I too am looking at leaving a horrid job!

immoral_angeluk

toria27 wrote: »

Thanks everyone for your suggestions. I know it seems impossible but like I said before this is just for a couple of years, once DD starts nursery next September this will make it easier for me to work more daytime hours as she will get some funded sessions, then obviously when she starts school in 2009 things will improve again.

I don't want to be the voice of doom and gloom but looking into the future with rose tinted glasses isn't an option here. You need to figure out NOW how you're going to cut down sufficiently enough to make up a drop of income to the tune of around £1000ish a month. If you don't in 2 years you'll be in a mess, and that's not me trying to scare you I'm just being realistic.
I know you say the house isn't negotiable but you seriously need to think hard. £1000 a month on a mortgage??? :eek: Would renting for a couple of years be an option?

I totally understand where you're coming from with your husband and it's great you're supporting him but you're going to have to make some BIG changes to make up for a 16.5k drop in income. That's more than our total household income!!!!!!!!

rachy86

I cant really ay much about others SOA's when mine are all over the place, but have you thought about combining tv phone and internet? ntl do a 3 for 30 deal, or 2 for 20 for just tv and internet say.
Also have you looked at uswitch.com for gas and electric? I did earlier and will def be swapping provider.

Im sure you'll be able to make a few savings here and there which will help.

I cant really offer much advice other than try not to let it get you down, you say your looking for a different job can i just ask what it is you do currently and what experience/qualifications you have etc. When i was looking for work recently i applied to nearly every agency i could find, it doesnt guarantee you a job but now and then i still get one calling me asking if im stil looking for work, i was surprised how many jobs are advertised through agencies, even if it gets you the odd temping job here and there its a bit of extra income. Dumb_blonde wasnt so dumb suggesting childminding though? lol

Good luck xx

Dumb_Blonde_3

[quote=rachy86;Dumb_blonde wasnt so dumb suggesting childminding though? lol

Good luck xx[/quote]

Why thank you very much !!!!

Dumb_Blonde_3

I suggested childminding as there are ALWAYS people that need help with their children - so they can go off to work - you don't have to do it 5 days a week - you can pick and choose how many children/days etc - even if you look aftersomes child 2 or 3 days a week - that could be around an extra £150 so a week - possibly more - think about it - it would be company for your daughter too. One of my friends does this - she has her own little boy aged 2 and on Mondays and Tuesdays she looks after another 2 year old boy - the womans work pays for the childminding .......... then my new next door neighbour - she has several children dropped off around 8am and she ferries them to school and picks them up afterwards and they get picked up around 6pm and then there is this one lady (she must be raking it in) she goes past my house with a huge gaggle of children - of all ages - pushing a double pushchair. Its really worth looking into.

Usually if people are in dire straits I say if they have a spare room to rent it out - but I wouldn't advise that if you have a child - thats when I thought about the childminding thing.

immoral_angeluk

Just a point about the childminding though it can be a long and costly process to set up.... from what I gather the average time between starting out and being registered is around 6-8 months dependant on police checks etc

Dumb_Blonde_3

immoral_angeluk wrote: »

Just a point about the childminding though it can be a long and costly process to set up.... from what I gather the average time between starting out and being registered is around 6-8 months dependant on police checks etc

Really I didn't realise it took that long ......... my friend was a nursery nurse before she had her son so she was frequently police checked anyway(her husband is actually a policeman). I know she has to do refresher courses everynow and again and of course her house has to be totally 'safe' cupboard locks etc.

immoral_angeluk

Dumb_Blonde wrote: »

Really I didn't realise it took that long ......... my friend was a nursery nurse before she had her son so she was frequently police checked anyway(her husband is actually a policeman). I know she has to do refresher courses everynow and again and of course her house has to be totally 'safe' cupboard locks etc.

I started the process to become one earlier in the year but ended up not doing it because they had issues with my postnatal depression (which I was nearly over when I applied :mad: )...

rachy86

Still it could be worth looking into though, would help make a bit more money when the husband changes jobs. A quick google search pulled up this website, havent really got time to look around should be working not on here anyway but im sure its well worth a browse, could be quite a money maker in school holidays etc

http://www.ncma.org.uk/