I'm about to lose a lot of our monthly income and I'm scared

[ReallyQuiteScared]

after mortgage we will have 340 ish
2 adults
4 kids
2 dogs
2 cars

just terrified

Have you checked all other benefits you might be entitled to? Is that all your spare cash for all other bills / food / clothes etc? Can you get rid of one of the cars?

haven't checked benefits yet
yes can try and sell one of the cars
yes thats for everything

Check your benefits on entitledto.com. Don't panic.

Hi,

sorry you are going thru this. Can I suggest This website. Also moneyavingexpert.com has a very comprehensive budgeting tool

moneysavingexpert.com

thanks everyone

I don't even know where to begin

what happens with mortgage if we go on benefits?
I don't think we will be able to pay it

Maybe you should call the mortgage lender and explain the situation. I think they may be willing to reduce your payments for a while (though they will charge probably in the long run). You could offer to make smaller payments while things are being sorted out.

Look, I don't want to pry but is this a long term situation?

Get in touch with mortgage provider straight off and bring them up to dpeed. Next you need a budget, detail what yoy'll have coming in and whats due to go out. Then look at each outgoing and decide whats essential and what you can reduce or do without. Then you'll have a clear picture ...

yes long term
a large amount of money per month that I am no longer entitled to

Definitely call your mortgage provider. You may be able to have a payment holiday and then switch to paying interest only for a while.

Not good as long term plans but good for making a small fund - car boot sales and ebaying. Have a ruthless clear through and see what you can sell. It surprising what people will buy!

I don't know your personal situation obviously but could one of you look for some extra part time work? I realise it may not be doable, and there may not be much about but worth considering.

oops what happened?

sorry reallyquitescared

everyone has given very good advice
good luck

The 2 cars will be a massive extra expense in the longterm, maybe not so much short term if insurance paid already and they are reliable. Can you sell one?

Really sorry :( I'd be devastated too :(

how will things be long term,?