Today 16:39
Hey,
so I’m another one about to experience a mortgage payment Increase, albeit a smaller one than others that I’ve seen on here.
I’m 41, divorced with 2 teens. I work full time but also receive pip. My mortgage is about to increase by 250 per month. I can afford it but it’s a worry. I’ve sent today going over my budget and trimming that fat by getting rid of some unnecessary outgoings. Here is my current situation-
net salary monthly - 2900
money from ex dh - 450
PIP- 549
child benefit - £169
total- 4068
new mortgage - 1235
utilities - 224
council tax 105
food- 500 (sometimes manage less)
car-379 (electric so no fuel costs)
phones/internet l- 78
insurances ( house/car) - 61
kids pocket money- 80
savings pot for birthdays/christmas- 150
haircuts- 30
clothes/uniform savings pot- 50
Union fees- 32
physiotherapy- 60
life insurance - 9.61
new kitchen savings- 250
credit card -100
loan £122 ( almost done)
total - 3465.61
it looks as though I’ll be ok, but it is a worry for me. I pray that no major unexpected costs come up!!
hoping that rates come down over next few years