To ask what your outgoings are?

[GaaaaarlicBread]

Sorry if it’s personal , don’t answer if you don’t feel comfortable. My husband and I are just watching Wanted down under (love it!) and a couple are moving from London , and I couldn’t believe how much they earn for the same jobs we can get in our city , but then DH made the point of what the cost of living is like in London compared to us here in the East Midlands. We Googled the cost of living roughly for London and even though I have family there, I was shocked by the rent etc. So just for fun really, I was just wondering what your income is, roughly where you live County wise, And what your outgoings are/what you’re left with.
My husband and I are expecting our first baby this August, and we manage our money with a spreadsheet etc so know exactly what we have coming in and going out, and any disposable income, but it’s always good to know any tips on saving/working childcare etc.
We live in Derbyshire, husband works full time and I work 32.5 hours a week but I am dropping to three days when baby arrives and they will go to a childminder for those three days .
Mortgage is: £534 for 3 bed semi (DH pays the mortgage)
i pay the bills: £480-including life and house insurance, and including ‘Hello Fresh’ which is our food delivery of 4 meals a week-it’s basically fresh ingredients to make decent meals and then we do a small shop for snacks and packed lunch.
Personal bills for me-including phone etc: £200
For DH: £150
We don’t have a car, and walk most places as we are lucky we live 5 minutes from work, 10 mins walk from the city
We are left in total between us with £800 disposable income; I know this will change with childcare though. The child minder charges for three days a week- £200 a month.
if you have any tips on how to manage money when you’re a first time parent let me know , like nappy brands etc 😋

Mortgage is £1000 a month.
Fixed income is £2000
But self employed so can get nice chunks suddenly drop into my account £6,000 just before Christmas was lovely

Income: £1800 pcm

Outgoing: £1500

Income about £3000pcm.

No mortgage - house was inherited.
Utilities, car, petrol, phones, pet insurance, etc - about £1000.

I'm starting a PhD in the summer though so I will be losing £450 a month. I've lived on that amount before and it was fine, but I was 22 and I've rather gotten used to living a bit more comfortably

Outgoings total: £600 (2 adults, no DC, house owned).

We spend a fair bit more than that, but we're also 2 adults, no DC and no housing costs.

We pay £70 for energy, £34 for water, £192 council tax (band C), £82 for landline/internet/tv/tv licence (soon to be reduced) and around £20 for buildings/contents insurance (paid annually). I suspect we spend around another £300 on food, toiletries, laundry/cleaning stuff.

Petrol costs £80-90 a month and car insurance/tax/mot/service and the occasional tyre or something comes to approx £50 a month.

We're feeling skint atm, having had a £360 boiler repair/service in November and then had to have a new oven. We need to cut back a bit and recoup some of that.

We both pay £750 a month into the current a/c and usually build up savings by at least £400 a month, but things seem to have gone up quite a lot in the last few months.

Forgot our income: approx £2,600 between us.

CBA with the nitty gritty as most bills are standard, wherever you are but we're on a combined net monthly income of around 3.8k in the NE and our mortgage is just over 500pm for a good sized 3 bed semi in a fairly desirable area. We had a large deposit, mind. Renting here would have cost about £1000 pm, mind, as we're in a university town and very close to a hospital.

Your childcare for a baby three days a week from 8-3 will cost you £200 per month? Not £200 per week?

3 days per week x 4.33 weeks in a month = 12.99 so 13 days a month for £200.
That’s £15.38 a day.
7 hours a day = £2.19 per hour.

Are you SURE that’s your childcare bill? That is absolutely criminally low, and there’s no top-ups/15 hours for babies.

My fixed bills are £1650 a month, with petrol, food and nice stuff on top, east mids. Only so low because I bought 16 years ago before prices shot up and I'm the only working adult. When I move the bills will be similar but will only have to pay half, result!

Ps my income is not really a good example because I get spousal maintenance, that stops when I move in with dp but I'm going to return to full time work (or close to, hopefully 4 days, but I do the elder care stuff)

Outgoings:
Just over 500 for a 3 bed semi mortgage, then just under 1000 to cover insurance, car payment, food shop, entertainment packages, fuel, etc.
We have a few hundred left over of which some is saved and some is personal spending money. We aren't saving atm because we have DD2 on the way so having to buy things for her.

I'm working p/t so we don't pay childcare costs.

I can't believe your childminder would be £200 for three days a week - that's about £16 a day - are you sure that's right?? Seems crazy cheap

@boomboom1234 including the government funded 15 hours free childcare I should add !!

@NoSquirrels including the government funded 15 hours sorry ! X

But that's when they're 3 and 4 only isn't it OP?

Income of approx £4.5k per month between us. Bills of approx £3.5k including overpaying the mortgage on our 4 bed detached by approx 20% more than repayment each month. Standard bills plus paying off loan for new windows and doors. Wraparound school childcare at approx £400 a month, 2 school age DCs. £500 to savings. £250 towards holiday budget per month included in that.

Don't feel rolling in it, but very aware we're not hard up. Only been abroad once in last 5 years but 2 or 3 short uk breaks a year (think caravan rather than hotels). Kids activities gymnastics, swimming, riding, brownies - usual stuff.

No idea where the rest goes - we're not frivolous but we do have more or less what we want if it's smaller end stuff eg Netflix subscription, magazine at the supermarket sort of stuff. Feel a world away from just a few short years ago when we were struggling paying £1700 in childcare a month before the DCs were at school. Careers have both had a good upturn in the last couple of years too. Yorkshire.

You don’t get 15 hours free for a baby, though, OP - unless you know something the rest of us don’t know!

www.gov.uk/30-hours-free-childcare

The calculator is here, OP:

www.gov.uk/childcare-calculator

Just don’t want you to get a nasty shock when you return to work if you’re counting on it being low or subsidised.

@thaegumathteth @NoSquirrels the childminders in our area offer from 1-3 year olds ! I wish I could link you but don’t want to out myself on where we live but 100% not incorrect, just checked with my husband ! So we will pay full price until baby is 1, I’m having 6 months leave then going back to work (all being well) . MIL has offered to care on a Monday but not sure if we want to rely on family permanently

I’ve only ever heard of that for some 2-year-olds in some areas. If you’re 100% sure, fair enough, but I have never heard of it for under 2s.

They can't offer it on their own terms –it's government funding, not something childminders themselves offer. I think you might need to go back and ask for clarification as that doesn't sound right.

Are you getting mixed up with tax-free childcare, which everyone can access? That's where the government pay £2 for every £8 up to £2000 a year.

The 15 hours for two-year-olds is only if you meet certain criteria to do with benefits, I believe, such as being on jobseekers' or universal credit.

It was mentioned to us as I’m on PIP, not sure if that makes a difference ? I work full time but am on that for health reasons. We are probably wrong , we will look at it again when we’re not so run down (it’s been an awful few days lately due to me being in hospital).

North Hants/Berks border. Bring in £5500 a month between DH and myself, roughly 50/50. Could be more but pay loads into pensions and have childcare vouchers out of that too. Outgoings are about £5000 but that includes everything except savings. Live in a dated 3 bed semi in need of renovation, mortgage £1300 a month.

I got 15 free hours when DS was 2 as I was on income support then.

Mortgage £2500
Council tax £285
G&E £300
Phones £100
Sky & internet £60
Various insurances £300 (house, car, life, pet)
Car £400
Food £600
Fuel £200
Cleaner £160
Childcare £1000

In Scotland.