We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Single Mum - Losing Benefits
Comments
-
What about going on the debt free wanna be page and post your statement of affairs people will pick out where you can save money to help you.Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £55,819
Cc debt free.0 -
Perhaps it's time for you to go through all your outgoings and see where reductions can be made or better deals found.
View it as a lifestyle change from single mum with child to two adults living together. Adjust finances accordingly rather than trying to maintain a previous lifestyle on a new, reduced income.
Consider also if you decide to charge his keep at your full benefit loss, he may move out within a few years and once again you'll face an income drop.
Better to find a way to manage on less now that be back to square one later.0 -
hopefully your son wil be working full time and with his wages will be paying housekeeping and anything that he needs eg travel/ toletries,clothes etc so that will save alot and in theroy you shouldnt really be worse of or are you saying your sons entitlements as a child have been subsidising the general house income?
your on esa AND PIP so your not on basic income and also will be getting HB etc0 -
will add i have been in a similar situation but no maintanance,i found i was better of when he went to uni as what i spent on him was more than the benefit i got for him and i can still afford to send some money to him and keep him when he comes home for the long holidays
you may be surprised and find your better of0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
