Feeling the squeeeeeeeeze

PeppaCoinPeppaCoin Forumite
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Hi everyone  :)

For various reasons my purse strings are being squeezed yet again! I wondered if anyone would please have a glance over my set bills each month and see if there was anywhere glaringly obvious where I could cut my spending. The reason I ask is because until recently I thought it was normal to spend £35/month on mobile phone bills etc, until my brother showed me how to cancel my contract and switch to plusnet's cheapest option and it serves me fine. I am wondering if there is anything else that is a really obvious place to cut costs that has just passed me by. Obviously there is food, childcare etc on top, but there are my basic bills/direct debits each month.

I am a single parent household, 2 children.

Car insurance - £20.95
DVLA - £14
Council Tax - £108
Mortgage - £471.48
Energy - £65
Mobile - £9.64
Water - £19
Home Insurance - £6.95
Life Assurance - £12.48
TV Licence - £13.37
Broadband - £18.99

Thanks in advance
B


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Replies

  • caelercaeler Forumite
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    Sorry I don't think so!  Whist your energy looks good you could have a quick look at MSE energy club just to check you are on the very best deal?  TV licence seems a little high, maybe check that out too?  
    Mortgage started on 17 December 2012 at £169,000 with a 25 year term finishing in 2037
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  • KaronherKaronher Forumite
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    They all look normal. If you need to make savings it could be in areas such as groceries, clothing etc.
    Aiming to make £7,500 online in 2022
  • vixx_123vixx_123 Forumite
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    Presuming you receive the council tax single person 25% reduction?
  • NeverendingDMPNeverendingDMP Forumite
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    You can ask for council tax to be spread over 12 months not 10. Same overall cost but slightly easier on the budget.
    Joint debts 35,213 - Jan 2018, Debts -just my name now are 8542 -Feb 23Mortgage Jan 2018 was 77224, 72267 remaining
  • RobM99RobM99 Forumite
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    As said, bills look reasonable.    Spending cuts need to be made in non-essentials. Leisure (sadly) is an easy one. My home-made spreadsheet on which I tracked my spending, showed £25+ a week on coffee and a sausage roll (or similar) each time I went into town (daily!).  Clothes - no point, can't go anywhere at the moment. Take-aways?  Vices ("fags'n'booze!) cost a lot.

    Now a gainfully employed bassist.
  • TheAbleTheAble Forumite
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    caeler said:
    TV licence seems a little high, maybe check that out too?  
    You could switch to a black and white set to save a few quid...  ;)
    Sealed pot challenge 074
  • enthusiasticsaverenthusiasticsaver Forumite, Ambassador
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    The bills do not look too bad.  Your car insurance would be cheaper if you paid annually but obviously that means saving up to pay it upfront.  The TV licence fee is correct if you pay monthly.  If you do not watch live tv you could get rid of that and just watch netflix as that is just £5.99 a month. 
    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 [email protected] All views are my own and not the official line of MoneySavingExpert.
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  • zippygeorgeandbenzippygeorgeandben Forumite
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    When people normally post an SOA, it is the food bill which is always the one to cut (most times) so perhaps you could save money here an there.
    Savings as of January 2023Savings account 1 - £16754.26(20204.94)Current account - £3752.98(4616.85)Total - £20507.24(24821.79)Plus £1335.55 (£65 per month between CS/BS) £965 CS/BS/JS HTB £6860.09
  • thriftychickthriftychick Forumite
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    Just from your direct debit amounts, you seem to be savvy and on the ball with moneysaving.  Can we help with the 'various reasons' you're feeling the squeeze?
    Just when I'm about to make ends meet, somebody moves the ends.:cool:
  • pollyanna24pollyanna24 Forumite
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    What's the monthly charge of £14 to the DVLA?
    Pink Sproglettes born 2008 and 2010
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