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!

Income/expenses

IMG_3092.png IMG_3091.png

I have filled in my form. Do these figures look ok? Worried I’m totally out or have missed something. Household is 1 adult and 2 children ages 14 & 9 both in adult shoes. One child gets DLA does this get included.
thanks for any help

Comments

  • fatbelly
    fatbelly Posts: 24,125
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Forumite

    Exclude the DLA

    Looks ok to me

  • george_112
    george_112 Posts: 134
    Sixth Anniversary 100 Posts
    Forumite

    oh really thanks, I thought it was unfair to include the DLA so that makes sense

  • peteuk
    peteuk Posts: 2,326
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite

    DLA is your child’s money not your, although it will be paid to you. You can do what you want with it, savings account (in their name) or spend it on the things they need.

    Proud to have dealt with our debts
    Starting debt 2005 £65.7K.
    Current debt ZERO.
    DEBT FREE
  • RAS
    RAS Posts: 37,040
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite

    Looking at page 13, it appears that if you remove the DLA from the income, you could to be in a negative situation?

    Also is rent precisely £1000? Not £1002, say?

    If you've have not made a mistake, you've made nothing
  • george_112
    george_112 Posts: 134
    Sixth Anniversary 100 Posts
    Forumite

    yes rent is exactly £1000

    What do I do about the negative. Should I reduce the uniforms or Christmas? Or should I put the school expenses like dinners and travel as a yearly amount as school is 9 months

  • george_112
    george_112 Posts: 134
    Sixth Anniversary 100 Posts
    Forumite

    this takes the “monthly” expenses to 3285

★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.7K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.1K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.