My I and E - please tell me if its ok.

dalip

Richard You have me worried now. I put down £20 mth for life insurance but never had any. We are trying to do one of those pre-pay thingys so if we die our girls will not have to find the money to burn us.Will i get iito trouble?Dalip

Richard_S

NoMoreExcuses wrote: »

thank you everyone - I need to set up a policy for the kids - any suggestions where to go Richard.

Sorry Lesley I didnt adjust my draft. Thanks for pointing that out.

My clothing is mainly 2nd hand now which is why its so cheap! except kids shoes!!!!!!!!!!OMG!!!!!!!!!!!!

We set up a policy with a financial advisor from one of the high street banks. I explained that we were both bankrupt, and we were concerned that if anything happened to the pair of us, the two children still at home didn't have any security. I'm not sure whether the nominee has to be a certain age, but you could always do the same with a trusted friend or relative. We did it the two eldest childrens' names, and quite bizarrely the youngest two were "put out" that they'd have to ask their elder siblings for funding, if we disappeared off the face of the earth;:eek: :eek: quite tempting at times.:rolleyes:

I would still put the higher amount for clothing; you need to be working to a realistic budget, and you can't always guarantee that something 2nd hand will be available when you need it.

Richard

Richard_S

dalip wrote: »

Richard You have me worried now. I put down £20 mth for life insurance but never had any. We are trying to do one of those pre-pay thingys so if we die our girls will not have to find the money to burn us.Will i get iito trouble?Dalip

Hi dalip,

It's nothing to worry about; as a concerned parent you recognised it needed doing but you haven't had the chance to get it done.

It's defintely not something you'd get into trouble for even if the O.R didn't allow it.

Richard

NoMoreExcuses

Revised -

Rent - £1468 - Paid by housing benefit
Council tax - £69.88(paid by cb benefit)
Houskeeping - £400
Gas/Electricity - £80
Water - £35
Telephone/Broadband/Mobile - £70
Petrol etc - £90 (we live miles from schools as we are in Temp accom)
Clothing - £55
Maint/fines - 0 (did not include CCJs because have not paid these since the move)
car tax/ins/maint/mot - £41
Life insurance - £10
Pet insurance - £15
Haircuts - £26
Dry cleaning - £6
TV License - £11
Holidays/presents/birthdays - £30
Emergency/contingency - £20

Total - £889- 1 Adult, 1 13 year old, 1 9 year old, 1 16 month old and 1 dog.

Income including all benefits and rent/housing benefit cancelling each other out - £910 (however I think this may also change because of child tax credits.)

Richard_S

Looks o.k. to me NME, one of my colleagues has just swiped my calculator; what is the surplus / shortfall; I don't do mental arithmetic on a Monday.:rolleyes:

NoMoreExcuses

A whopping £21!!!! (Wine fund? )

betterlatethannever

NoMoreExcuses wrote: »

A whopping £21!!!! (Wine fund? )

Arhh thats why Rich couldn't work it out..he only has ten fingers and ten toes:p anything beyond 20 and he's stuck:D

Thats a nice size wine fund...party at yours, Friday 8pm?:cool:

Richard_S

NoMoreExcuses wrote: »

A whopping £21!!!! (Wine fund? )

Asda's £2.99 specials x 7 days = £20.93:beer: :beer: You've beaten your budget by 7pence.:D

Quality issues::eek: there's no such thing as bad wine; just good wine and better wine.:j :j

Richard_S

betterlatethannever wrote: »

Arhh thats why Rich couldn't work it out..he only has ten fingers and ten toes:p anything beyond 20 and he's stuck:D

Thats a nice size wine fund...party at yours, Friday 8pm?:cool:

Errr, 10 fingers and 10 toes = 20 + one other extremity = 21

LesleyL_2

but who counts using their nose??