surely the mortgage/rent and council tax are the highest amounts anyways? things like bills, food, and other stuff can all be cut back on. personally, we find food a big issue. dh simply wont be happy eating beans on toast. so there is no way we would be able to cut right down the way some mnetters manage to do. but, we hardly ever eat out, and dont drink, so no money spent on that. you really do need to make up a proper list of what you spend money on, then look at how it can be reduced
I'm just thinking of an average family. I suspect we are spending more than the average family at the moment and I am just wondering what you feel that you would need as a family after paying housing costs.
Dh spends a huge amount on commuting costs but I am not sure that now is the time to jump ship.
Well I kept a record of everything after BILLS were all paid when I was pregnant. It was just before xmas, and then in January. It included food, petrol (for 1 car), and EVERYTHING else down to peoples leaving collections at work.... sweets... coffees, nights out etc. It worked out at £25 per day. It sounds alot but means we live on about £750 after bills are paid.
after mortgage (which is £1100) we spend: council tax £142 gas/electric/water £100 in total BT/tiscali/mobiles x2 £110 insurances (contents/building) £60 DP's insurances (he is SE) £80 petrol/tube fares £150 cars 2 (insurance/mot/servicing)£80 food £450 clothes/shoes (family of 4) approx £100-£200 entertainment/haircuts/takeaways/ frivolous spending (that sort of thing) £100 we also save approx £800 a month (towards DP's tax bill/ child trust funds / ISA)
don't know if we spend a lot or not tbh.. we could cut back on the non essential stuff like takeaways but we might only have one a fortnight anyway.. I love clothes shopping for me and DC's so that could go too but I don't drink or smoke or go out that much so save money there..
Water 41.28 Gas 60.00 Elec 90.00 H insur 16.12 TV licen 11.75 Land line 11.75 Sky TV & BB 40.00 Loan 256.35 Savings 70.00 Mobiles 50.00 C Card 10.00 C insurance 70.00 Rent 420.00 Council Tax 129.00 Business expenses 50.00 Monthly Total 1,326.25
Petrol 85.00 Spending 80.00 Bread etc 10.00
Weekly Total 255.00
Monthly Total 1,020.00 Grand total £2,346.25
This doesnt really include big bills for the cars (we have 2) or birthdays or christmas