DC a couple of years off this now but it's beginning to worry me nonetheless.
My finances are as follows: I'm divorced and earn about £52k. Ex husband contributes nothing and I have to pay him £10k when youngest child reaches 21 as part of our divorce settlement. I have just over £21k in savings. I usually manage to save about £100-£200 per month - this is quite a bit less than a couple of years ago just due to rising costs and having to replace my car when it died last year. My mortgage is currently just under £700 per month and I also have about £5k other debts (low - 0 interest - unavoidable at the time).
Martin Lewis website said last time I checked that I should expect to contribute about £7k per child per year. This would have been a struggle anyway but now looks pretty much impossible. My mortgage is fixed for another couple of years and my fuel until next year. Both will rise massively just as dd1 is due to go to uni. What the fuck will happen?
AIBU to think that if inflation/interest rates stay like this they are going to have to look again at the thresholds for parental contributions but AIalsoBU to say they won't and university is going to become unaffordable for many?
Please or to access all these features
Please
or
to access all these features
AIBU?
To think it's going to be a struggle to send DC to university now?
201 replies
coffeerevelsrule · 16/10/2022 15:37
OP posts:
Am I being unreasonable?
263 votes. Final results.
POLL
You are being unreasonable
52%
You are NOT being unreasonable
48%
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