Hi. Can I join you please?
I’ve always been a bit rubbish with money. I waste lots of money on unnecessary and knee jerk purchases.
My current situation is that my husband unfortunately died very suddenly and unexpectedly 2 months ago so I am now responsible for all outgoings. I am trying to find that sweet spot of being able to pay all the bills and costs (probably an extra £700+ a month on what I was paying before) and create some savings (both long term and short but also keep some bits of joy in our life.
I have an 11 year old dd who I want to be able to treat still as well as keep up her hobbies etc. I’m happy if she’s happy so I can generally go without stuff. I’m also aware that she might well need some counselling soon and although some is available through charities there is a chance I’ll need to pay for some too. She’s also starting secondary school in September so I’ve a whole new uniform to purchase.
I think my main savings will come from stopping buying all the random crap I don’t need and also through budgeting and planning our food shops properly. We had a cleaner who I have now stopped - although she has said she is happy to come one day a month only so maybe I might have the occasional visit. I’ve already cancelled direct debits and subscriptions I wasn’t really using. I’ll look at making savings from changing our household and dog insurance policies as these are both at the expensive end of the scale.
I’ve opened a Starling bank account and I’ve created spaces to divide my money into although I’m not convinced I’ve got everything covered or I’ve been realistic about some of our outgoings. Any tips about what pots/spaces have worked for you would be very useful.
My dd and I have been staying at my mums since DH died so we are not yet in the swing of normal life and expenditure. Mum has very kindly been paying for a lot of the food shops. I’ve had lots of expensive one off costs and bills (the funeral, applying for probate etc) on top of my own utility bills at home. I think I’ve paid everything now though so I will be able to get a better picture of how realistic my new financial situation is from next pay day. I’ll need to do mainly no or low spend days up to pay day first though!
I’m looking forward to getting to know everyone and gaining tips and inspiration from those of you who’ve been doing this a while. I’m sure I’ll have lots of questions in the coming days and weeks.