advise-on where i am going wrong

otb666

hello
im new as well although been lurking for a long time
im no good with tech stuff so i am hoping someone can jump my thread on a new forum as i cannot-sorry i did try
anyway
heres my soa-again couldnt do this right either but i would really appreciate comments
thank you

monies in
2432.56(my wage 707 hubbys 1559 wt credit 123.1 cb 41.70)


monies out
bills
water 45.29
poll 132.71
bank charges 7
sky 45
e.on 63
mort 1171
loan 129.89 finishes 12/10
cubs 12
tv 11.61
bt 85
computer subs 40.00

tescos food 400
fags 200
petrol 100

i pay insrances annually approx 280pa
bus passes 400 pa

birthdays 150pa
-kids birthdays 200pa
car +bike mot/tax 400pa
kids trips 280pa

my husband occassionally does overtime and gets a bonus-thing is i could work more as only part time this would give us xtra 200pm

i would really appreciate feedback 2 kids 2 adults in a 3 bed semi -we never have hols or go out owe 170k mort on 210k hse-currently??

phildamb

otb666 wrote: »

hello
im new as well although been lurking for a long time
im no good with tech stuff so i am hoping someone can jump my thread on a new forum as i cannot-sorry i did try
anyway
heres my soa-again couldnt do this right either but i would really appreciate comments
thank you

monies in
2432.56(my wage 707 hubbys 1559 wt credit 123.1 cb 41.70)


monies out
bills
water 45.29 - Have you taken a test to see if you would be better on a meter.
poll 132.71
bank charges 7 - Overdraft, fees??
sky 45 - You could get rid of this? Or put your package down.
e.on 63
mort 1171
loan 129.89 finishes 12/10
cubs 12
tv 11.61
bt 85 - Seems a lot what do you have with BT?
computer subs 40.00 - I would get rid of these all together.

tescos food 400 - Could you shop somewhere cheaper, Aldi, lidl??
fags 200 - Give up...see the thread on giving up smoking..may as well burn your money.
petrol 100

i pay insrances annually approx 280pa
bus passes 400 pa

birthdays 150pa
-kids birthdays 200pa
car +bike mot/tax 400pa
kids trips 280pa

my husband occassionally does overtime and gets a bonus-thing is i could work more as only part time this would give us xtra 200pm

i would really appreciate feedback 2 kids 2 adults in a 3 bed semi -we never have hols or go out owe 170k mort on 210k hse-currently??

Seems that your monthly outgoings overtake your income by about £150pm. If you did work a few more hours and got the extra 200 and made some cuts you could be quite comfortable...

bobbadog

I'd really make a HUGE effort to reduce your food bill and your smoking costs - they're a quarter of your income! That money could be used for much more exciting things! Get over to the Old Style board for cooking tips, and maybe try shopping online rather than buying what takes your fancy in Tesco? x

Sagz_2

As a non smoker I know it's easy for me to say..... but if you did give up the fags and the Sky you'd have nearly 3k extra a year!

Thats enough for a weeks holiday in the sun somewhere for you all

Good luck with your money saving xx

~Beanie~

otb666 wrote: »

hello
monies in
2432.56(my wage 707 hubbys 1559 wt credit 123.1 cb 41.70)


monies out
bills
water 45.29
poll 132.71
bank charges 7
sky 45 - can you reduce to a cheaper package?
e.on 63
mort 1171
loan 129.89 finishes 12/10
cubs 12
tv 11.61
bt 85 - Wow! Please tell me that this is not your phone bill each month...
computer subs 40.00 - Subs to what exactly? Do you really need this?
tescos food 400 -This can be reduced
fags 200 - You know what I'm going to say... Stop Smoking!
petrol 100

i pay insrances annually approx 280pa
bus passes 400 pa

birthdays 150pa
-kids birthdays 200pa
car +bike mot/tax 400pa
kids trips 280pa

my husband occassionally does overtime and gets a bonus-thing is i could work more as only part time this would give us xtra 200pm

By my calculations, the annual things add up to £1710 which is £142.50 per month. Add this to your outgoings of £2442.50 and it totals £2558 per month which makes you £155 short each month straight away.

You really need to give up smoking, £200 is a huge chunk of your budget each month and you really can't afford it. I do realise that it is easier said than done!

otb666

thank you -i know where i can try and save now--husband says smoking is his only treat in life-he loves his sky and hes a total gamer on the pc-hense the 2 bt connections--hates any foods apart from brands-but i guess i will have to just get sneaky and keep the old containers-not really bothered that we cant go on holiday as we have never been ones for holidaying-im just a bit paniky about the cr crunch really- i save 100pm in a sharesceme at work- we are going to switch our telephn and broadband to sky asap