How much is enough to get buy?

[Backtobackchat]

Tell me your thoughts, after all our bills, loans, outgoings, groceries are paid
My partner and I and our 2 kids have a total of €300 free cash a week?
Am I being ridiculous to think we can survive on this?

What do you envisage spending it on? Seems fine to me.

Are you and partner saving anything at all?
own or rent?

It will be used for clothes and going out for family days etc..
Im just nervous as I've reduced my hours to part time as I want more time with the babies
I don't want to regret this decision

Own with no savings as just had a massive renovation, starting from scratch. I know not a good time for me to go part time

Completely depends on what 'all outgoings' includes. Does it include clothes, hobbies/activities, entertainment, transport, school supplies etc? 'Outgoings' is a very broad category.

What would you normally spend on clothes, days out etc?

Not transport, just literally days out and clothes i suppose. Kids are still babies so no school funds needed yet

So €300 per week comes to €1200 per month after all bills paid, including food.
That seems plenty to me.

I'd literally use every penny. Im the kind of person if I have it i spend it. I will have to budget

Thanks, just panicking over going part time
I need to be here for the babies its a happier home. I suppose that in itself clarifies my decision

Well in that case I personally wouldn’t regard that as free money

I’d be replenishing my savings as a matter of priority

we manage on £200 a week after all bills/ groceries etc

Your babies won’t be babies long. I’d go part time, and cut it down to £150 a week spends (and save the other £50)

Yes, I agree! Need to set up some sort of weekly savings. We have 5k back up incase of an emergency but afraid it may be dipped into with renovations, hopefully not