Finances

[milly82]

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]

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]

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.

[milly82]

Thanks both

[FamiliesShareGerms]

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)