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Part time money

(8 Posts)
Babasaclover Fri 17-Mar-17 20:28:45

Tips please.

Really really want to go part time.

Everyone says oh you'll adjust to money...... but how. What tips please. What do you cut back on? I don't want to miss out on my kids while childhood but not sure where to start with making part time money work?

Ginmakesitallok Fri 17-Mar-17 20:33:17

Well it depends on whether you've got enough family income to cover your outgoings. I went pt 7 years ago - now looking to increase my hours again.

Meloncoley2 Fri 17-Mar-17 21:03:23

You pay less tax and national insurance as a start. And because your quality of life is better you may find you don't buy as much 'stuff' to cheer yourself up.

Believeitornot Fri 17-Mar-17 21:06:22

Well have you done the sums? How comfortable now are you?

Believeitornot Fri 17-Mar-17 21:06:41

Well have you done the sums? How comfortable now are you?

RandomMess Fri 17-Mar-17 21:09:19

Work out what you will actually receive (it will be more than a direct %age of your salary reduced due to more of it being tax free).

Start living off that level of income now for a few months and save the rest...

Tobuyornot99 Fri 17-Mar-17 21:09:56

You can do things to save money that time poor people can't, like stop having a cleaner if you have one, cook from scratch rather than expensive convenience foods, trudge around Aldi rather than have home shopping from a more expensive supermarket.
You'll also save on tax / NI / commuting costs etc

BikeRunSki Fri 17-Mar-17 21:13:26

You won't be spending money on tights, dry cleaning, Starbucks' at the station..... childcare too if you have it.

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