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Can I afford this?

(15 Posts)
LLCoolKay Wed 06-Mar-19 20:56:37

If Dh leaves I'll get 400 quid monthly. I earn 1300 so overall I'll have 1700. The house, bills and childcare come to 1200 or so a month so I'll be left with around 400. Can I live on this?

OP’s posts: |
Babbabump Wed 06-Mar-19 21:01:46

Do you have savings? Have you included fuel and food in your.bills ? And what would your 400 have to cover?

QforCucumber Wed 06-Mar-19 21:03:00

Is the 400 a month his maintenance payment? Would you get help with childcare?

BringMeAGinandTonic Wed 06-Mar-19 21:05:30

Is this DH telling you you will get 400 or professional advice/the online calculator?

Shouldbedoing Wed 06-Mar-19 21:05:36

Have a look at to.see.if you will get any benefits

LLCoolKay Wed 06-Mar-19 21:11:38

The online calculator informed that it would be 400 quid maintenance. The 1200 includes fuel and food.

OP’s posts: |
pumpkinpie01 Wed 06-Mar-19 21:15:30

So you will have £500 left a month but with no food or petrol to get out of that ? That should be possible, have you included child benefit also ?

OhamIreally Wed 06-Mar-19 21:18:37

Is that £1300 full or part time? How old are the children? Have you included child benefit? Are you already getting childcare vouchers or tax free childcare?
When my ex left I extended the mortgage term to make it more affordable (reducing it again now), changed to SIM only phone, cancelled gym membership, switched energy suppliers all to bring down outgoings.

LLCoolKay Wed 06-Mar-19 21:18:47

yeah child benefit is included in that. I've got 3 grand savings too. I need to buy him out of the house but I'm working on that

OP’s posts: |
LLCoolKay Wed 06-Mar-19 21:20:09

It's part time. I will pick some bank work up too hopefully. Child is just over 1 we get reduced childcare due to job. I'm going to cancel the gym

OP’s posts: |
OhamIreally Wed 06-Mar-19 21:20:49

How much are you budgeting for food? It will be a lot less without your husband there.

OhamIreally Wed 06-Mar-19 21:22:13

Oh and council tax will be 25% less.

Babbabump Thu 07-Mar-19 06:56:56

Good luck, you can do this 💪💪

Summerdreamss Thu 07-Mar-19 21:32:20

I'm in same situation, yet self employed which is confusing things. Looking at budgets etc, don't want to have to sell the house just yet.

CatyaPurella Fri 08-Mar-19 07:40:57

When I saw a mortgage advisor last week, factoring everything (food, bills, kids clubs, haircuts, tv, Netflix, insurances, small
amount for going out etc) I had around £400 a month left and he said that was ok and where he would expect it to be. Good luck!

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