Budgeting advice

GTR_King

so I take hame roughly

£1681.87 after tax etc

After paid everything I have usually £227.73 left gone though my bank statements like a fine tooth comb

I have been saving £100 towards service charge each month & £50 toward emergency funs

But most of it has been eaten up doing repairs on my car since October 25 (Had my 2011 polo GTI since 2015) so couldn’t save as it went toward the car lol 😂

Still have about £600 saved but that won’t cover the service charge (next month) & car repairs that need doing after mot advisory

what’s safest option to get them paid family have helped a bit but can’t keep doing it!

Jemma01

Are you willing to breakdown where the bulk of the money is going? That's the core part in helping you budget.

Grumpy_chap

The best thing would be to prepare your SoA (statement of affairs) - try one of the examples linked in the " debt free wannabe" (DFW) area of the forum. The lemonfool template seems to be popular.

Just doing that may be sufficient for you to work things out. If not, you can share your SoA for suggestions.

GTR_King

https://forums.moneysavingexpert.com/discussion/comment/82025917#Comment_82025917

I was trying to save monthly £100 for service charge & £50 so I can save up & keep it spare for things that need doing! But the bulk of my savings & money has been eating up on repairing things on my car over time since October 2025 (that’s including the advisory’s from mot) so spent £1,435 on my car in total!

I checked my bank statements & after all bills & credit card paid & money moved to savings i will have £227 left but non of that has happened due to car repairs so couldn’t save & need my car!

Will try save as much I can next pay day so

I can pay for everything that needs doing service charge about £1,200 car £350

have £600 left in savings

Emmia

https://forums.moneysavingexpert.com/discussion/comment/82026095#Comment_82026095

Is it perhaps time to get rid of the money pit (the car)?

It's good to keep things running, but when it's annihilating your savings and preventing you saving for essentials like your service charge then perhaps it's time for it to go. Are you expecting the recent repairs to make the car last substantially longer? Or are other costly repairs also on the cards soon?

GTR_King

all the repairs done on the car will make it last longer!

The last major repair was 2021 (Timing belt) £1.3k

Out of the repairs £250 was for an accident not my fault lol!

All I have left to spend on the car is £350 (July) £50 August but that’s in the £1435.

Can’t afford a new car at moment

AlvyLad

Those GTR's still have a value, some are going up, most are going "out of fashion"

Your car-"investment"-money pit needs be seriously considered if worth keeping or just getting a car-transport

Basically, not a budgeting question, car question

GTR_King

I would love a R34 skyline lol 😂 too much money