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Finances

(9 Posts)
milly82 Wed 23-Apr-14 16:54:46

Hi All, so DH and I are working through finances about what we will do in terms of work if we get approved. DH will be taking 9 months off work intially but after this ideally we would like to both work part time, with DH finsihing early enough to do the school pick up everyday. I will then do a term time contract which means that I get all the school holidays off ( and then will work 5 days a week the rest of the year). My question is, I have been working out what this will mean in terms of disposable income. Ideally we would like to save a little bit each month, and after some savings, petrol and all household bills what is a reasonable level of dispoabale income?

This would be for essentials like clothes, but also for activites as well as occasional eating out etc. My current budget is coming out at �320 a month for this plus �400 a month for food. We are hoping to adopt two siblings aged between 3-7, and wondered what you thoughts were on whether this a reaonable level. We have no children at the minute so we are like the blind leading the blind, but I really think if we can make it work the time off we will get will mean more than the extra cash.

Thoughts?

GirlsWhoWearGlasses Wed 23-Apr-14 21:35:40

We have a budget of £600 a month compared to your £720 and we have one DD who is 20 months, so that sounds ok to me but not overgenerous.

At the moment we only do one paid activity a week, plus we got loads of hand me downs and new clothes as presents.

It's the shoes that are the real killers....

GirlsWhoWearGlasses Wed 23-Apr-14 21:39:01

Just reread your post and realised we pay for petrol out of that £600, so maybe your budget is more generous than I'd originally thought. We do both have separate 'pocket money' for our own bits and pieces though.

MyFeetAreCold Wed 23-Apr-14 22:32:52

Message withdrawn at poster's request.

milly82 Thu 24-Apr-14 10:14:11

Thanks both

MyPreciousRing Thu 24-Apr-14 23:49:35

Message withdrawn at poster's request.

MyFeetAreCold Fri 25-Apr-14 00:42:55

Message withdrawn at poster's request.

MyPreciousRing Fri 25-Apr-14 01:33:35

Message withdrawn at poster's request.

FamiliesShareGerms Fri 25-Apr-14 01:37:23

DH and I both work full time.

Budget sounds fine unless you were planning on loads and loads of extracurricular stuff (presumably not for some time, in any case)

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