How has the COVID19 affected you financially?

[DreamChaser23]

Do you think it will take a few years to recover at least when this is over?

@ListeningQuietly

Yes, I know that. Just wondering about halls of residence (that belong to a university)

Slightly better off in the short term - no dog walking fees, parking costs or bus fares for my job and some direct debits like teenagers gym subscriptions have stopped temporarily, not using any petrol for dh to get to work. Long term our jobs are probably at risk. two eldest teenage dc have both lost part time jobs in retaurants and school.

It isn’t. Husband is a doctor and currently on a sabbatical to spend time with our newborn so taking locum shifts, which pay well and there is a huge number of available. I’m on mat leave and so my finances are unaffected. We’re incredibly fortunate, we know.

We are saving money on commuting costs, personal training sessions , coffees, lunch , nails , hair, eyelash extensions, school lunch money etc
I have always saved money,( my mother always encouraged me to save a fraction of my wage , even if it was £10 a week ) so I am fortunate to have sufficient money to pay for food ,bills, mortgage for at least a year.

We are better off. DH job very secure and with no commute for him/coffees/meals out we aren't spending much at all. Base rates going down recently means our mortgage rate has dropped too.
Every morning I wake and give thanks for how much we have, I realise just how incredibly lucky we are.

Better off as no commuting costs, no expensive kids clubs, nothing to spend money on, one small mini break cancelled with full refund.

Food bill has rocketed think we are eating out of boredom.

pension and shares went down the drain

Kids uni fund dipped along with pension. I also lost my job that I’d just started 2 weeks prior. I’d spent about 3k sorting childcare etc for the first month which we don’t have unless I work. Thankfully I got a month pay in lieu of notice which covered our expenses with a bit left over.

Wages unaffected at the moment, and reduced travel/commute costs. Higher food, heating costs with everyone home
so about the same all in all, but this could change any day

DH public sector and on full pay. I'm currently working, but could be furloughed in a few weeks though as the work dries up. If this continues for too long the small business I work for probably won't survive. We rent through a HA, so rent is relatively cheap, but we would struggle on one salary - DH is a manual worker so not well paid - I'm the main breadwinner.

We were just getting ourself back on our feet after a crap few years. We're better off than some, but coronavirus can fuck off.

Wages unaffected as working from home and making savings from no commuting, no hobbies etc.

Dh may well be furloughed at some point but that's survivable. I don't think I would be furloughed but again we would manage. I know we're luckier than many right now.

However, we are worried about the impact on our employers longer term and whether they will cope.

I think it will work out roughly the same for me. Working from home so no commuting costs. But am paying way more for food as only seem to be able to get deliveries from expensive local delicatessen shops.

Very fortunate to be working for a part of the civil service which has seen a 33% increase in business from its very busiest month ever before this.

So I'm better off with WFH and no expenses. Food bill has risen but I'm not spending on anything else. Just received a refund for the holiday we were due to be going on this Friday.

I was working in 3 jobs before coronavirus, one was part time in a shop. Still not clear whether I will get any furlough pay as I hadn't been working there for very long before it had to close. Two other jobs were both freelance work in different areas, and there isn't any work at all in them right now so financially I'm a lot worse off.

My partner is able to work from home and so far his job is safe, although that isn't a certainty forever. For now at least, it pays the bills. Unfortunately I was saving up with plans to leave him, partly because of how controlling he has been over money. I know I'm lucky that we can eat and pay the bills at the moment when many are struggling, but I get depressed if I think too deeply about my own circumstances, so I am trying to not.

A good friend of mine in the states was made redundant a few days ago because of this. I don't know if the US government have things in place to help people financially like we do in the UK with furloughing etc, and I feel worried for her.

I’m furloughed on 100% so personally I’m actually better off as no childcare or fuel but OH has been isolating so we will have a week of sick pay but it won’t cause too much harm and will even out.

In the long term though I am concerned about both of our jobs. We also wanted to move house soon and I’m not sure if that will be able to happen now.

Being at home and being limited with where I can shop is costing us a small fortune though.

Just been told that I’m going to have a 20% cut in pay and hours from May for ‘up to 4 months’ - I work for a charity which is predicting a 25% drop in income this year. All DH’s contracts have been cancelled/postponed (very niche area which relies on global travel) and DD’s lost her weekend job. I cycled to work so am not recouping commuting costs but we’re saving on eating/going out, dog walker, competition entries for dd - still paying for cleaner.

Already this week I’ve had two emergency vet trips plus two new tyres and our very elderly cat needs a tooth removed next week so it feels like I’m haemorrhaging cash ...,

I work PT as a teacher so my salary is secure. We receive DLA for both our children which is unaffected.

But my DH is a director of his own company so not due much help unless he shuts the company for 3 months. Work for him will depend very much on whether the company he does most of his work for survives this.

We're very lucky as DH can do his job very easily from home (software). His job is very secure. Slight reduction in commuting costs, but he used to get his breakfast and lunches free at work, so our food bills have gone up.
I work from home anyway running a small business part-time. That's dried up for now, but it means we didn't have any childcare costs. My lost income is only a small proportion of our household income.
I've stopped spending any money on toddler classes, but have bought more toys than usual to keep DD occupied at home. We used to spend a fair bit on days out/meals out at weekends, so less spending there. We'd paid a deposit on a summer holiday, which the company aren't offering to refund, so we might end up losing that money if they go bankrupt.

Pensions and other investments have gone down.
We own our home mortgage free, but we were hoping to sell this year or next. That's looking unlikely for this year.

Lost a bit of money in holiday costs booked we won’t get back (Flybe) events cancelled I’m not expecting refunds for, April and March childcare paid for and mostly not used.
My contract expires in August but I can wfh until then. Husband started a new job in Feb but has been told his job should be secure for at least the next 12 months. Fingers crossed.
Feeling quite lucky despite all this as we should be OK.

I feel bad saying it because so many are struggling but I'm a self employed bookkeeper and I've never been so busy

Coupled with no spending on days out and DP being promoted in a industry considered "key"

We are in the fortunate position to be better off. I am a HCP and dh is IT. We aren’t paying childcare fees which was a huge outgoing as kids at home and all after school, trips out etc have been stopped. I am keeping my fingers crossed the DH’s company doesn’t decide to shed staff with the down turn if this goes on too long.

Short term - positive. DH and I are both working from home and still being paid. We were going on holiday next week and have got a refund on the transport and accommodation (and will save the extra spending money). Currently saving on petrol costs and things like eating out / socialising.

Longer term - I hope DH doesn't get made redundant. My job is pretty safe I think, but his is riskier.

About to be furloughed/made redundant. Have about 6 months of savings and wanted a new job and move cities anyway this year, so it's not a disaster for me

@Buyitinbamboo I’m so jealous! Would love to start up on my own.