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Money worries

4 replies

helpme12335 · 19/08/2017 10:49

So partner and I have recently had a baby and I have just returned to work. MIL offered to have ds 2 days when I returned to work. Hubby and I must have checked a dozen times that this wasn't too much for her each time she assured us it was fine anyhow after one week has said that with her other commitments with other grandchildren it is too much. So we are going to out ds in childcare more days which is an extra £100 per week.
This has reduced our disposable income and I am now very worried about money. I explained to parter I was happy to get a part time job on evenings/weekends initially he was ok with this but got an interview and he wouldn't let me go and is now dead against the idea.
I have arranged the child care so I imagine it will come out of my bank account leaving me with No money(not a penny) left at end of month after I have paid my share of the bills, food, fuel etc. Partner has offered to split his money with me which is doable with no luxuries but he just seems to spend money like it's going out of fashion and has made no effort to curb his spending.
I have never relied on anybody for money so this is really causing me a lot of stress. I am more than happy to work more for our son but he won't hear of it but then I know when I ask him for money it's going to cause problems.
What would you do?

OP posts:
BackforGood · 19/08/2017 18:16

I would sit down with a pen and paper (ok - younger folk than I would use a spreadsheet no doubt) and write down all the costs that you, as a family, have each month. Mortgage / rent, council tax, utilities, phone, water, childcare, etc.
Then add in all the annual costs - things like Christmas and birthday presents add up, insurances, TV Licence, MOT, holiday.
Then factor in the weekly costs - food, toiletries, cleaning stuff, petrol, bus fares, if you have lunches or coffee out, etc.
Then the 'now and then' costs - haircuts, replacing clothes, etc.

Then I'd add in at least a 15 - 20% contingency for things you may have forgotten / unexpected costs / saving up to repair or replace bigger goods such as washing machine.

This gives you a figure for your outgoings. From that, you can work out where the money is coming from, to meet these expenses.

My suggestion would be to put all money coming in to the household (your wages, his, child benefit, possibly tax credits) into the family account, and then, if you have 'spare' then you both get an equal amount of 'personal spends' per month from that.

If sitting down and plotting all the figures show you don't have enough to cover your costs, then you ask him for suggestions as to where the money is going to come from if he has an issue with you doing extra work in the evenings.

Boatmistress17 · 03/09/2017 12:48

I would be more concerned that your dp has his own cash while you are worried about providing for his dc!!

WineAndTiramisu · 05/09/2017 15:33

Definitely do what BackforGood has suggested, only way to sort this out

Ttbb · 05/09/2017 15:38

Why are you paying the whole cost of childcare? If he's paying half he will be forced to curb spending.

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