SAHM finances

[Sofiewoo]

How much is left over after your mortgage/ rent for all bills and living each month particularly if you’re a one income family?

I’m currently trying to work through finances as I’m being put in a position of taking some time out so just trying to get a feel for what other people work with.

We will be moving so current income and goings isn’t relevant.

I'm not sure you'll get much useful information on here. It will vary so wildly.

You need to write down your specific bills and monthly living costs, see what is essential and what could be cut back. Many costs won't change just because you are moving. Or you can at least guess what they might be (e.g. heating will go up because you are moving to a bigger house; you are moving to a cheaper council tax area etc).

Also consider any savings that could be made as a result of you not working e.g. childcare, commuting to work etc.

It’s totally irrelevant what other people have left over really. I always worked though I did reduce hours. Because we paid our mortgage off in our thirties we could both save the entire ISA allowances for each of us every year for 20 years which means we have been able to retire at a young age plus we have defined benefits pensions as the vast majority of our pensions. DH is also old enough to not have had tuition fees and my workplace paid for my professional exams and I have never been a FT student though studied for close to a decade PT so no sort of student debt for either of us.

You need to really look at bills over a year to know your true outgoings especially if moving house. So a large Victorian house with no meter is very different to a newer build with good insulation but a water meter, that kind of stuff.

My friend was a SAHM for close to 14 years, she is currently divorcing at age 54 and has totally fucked finances. Her DH ran off with a younger woman, of all the couples I know I would never ever have seen this scenario.

Women should be able do what they want, that true feminism but my God its risky.

My friend was a SAHM for close to 14 years, she is currently divorcing at age 54 and has totally fucked finances. Her DH ran off with a younger woman, of all the couples I know I would never ever have seen this scenario.

Cool for you, not at all what I’m asking though.

You won't get very far with that insolent attitude. Both PPs are correct, the finances of others will not help you to plan your own. You either can afford to be a SAHM or you cannot - we don't have the information Re your finances to hand therefore can offer very little useful info.

Single parent here…so I suppose that’s a one income family…

In -2750
CB-280
Benefits-177

Total: 3,207

Rent 1400
Electricity 120
Life insurance 40
Internet/tv/2 phones 86
Bin charge 23
Apple 20
Disney 10
DS club 25

Total 1,724
Leftover 1,483

1483 goes to
300 food
240 fuel
200 savings
50 kids clubs/school trips etc
100 treats/coffees/takeaways
100 clothes/shoes
50 birthdays/gifts
50 prescriptions/medicines
150 holidays/trips (either as a payment off a booking or as savings)
This essentially leaves over 243 but it gets eaten up somewhere usually and if not it’s put into savings.
Sometimes I have more as I can do overtime at work.

Actually what’s insolent is giving completely unsolicited advice on a different topic.
I didn’t ask for feedback on whether I could afford it which is why I didn’t include my finances I asked how much people have left over after housing with one income to get a feel for differing lifestyles with one parent at home. If you don’t want to contribute then don’t.

I mean your question is totally irrelevant, because as already said, the finances of others and their remaining disposable income has zero impact upon whether or not you and your partner can afford for you to be a SAHM. I feel for your children having you as a SAHM though, with this short fuse you carry. Good luck to you.

If I had a Time Machine and I could go back, I would never have been a stay at home Mum not even for a week.

For all the reasons that everybody else will tell you. Whether you divorce or not.

But what other people have leftover is totally meaningless surely? You have no idea what they start out with or what their outgoings are - or what their leftovers have to cover

Precisely.

How can my own question be irrelevant to my post?
I feel for your children having you as a SAHM though, with this short fuse you carry.

What do you get out of hassling people on the internet?
You sound like such a nasty person making comments like that to someone.