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Housekeeping

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How to live on a budget and what is a reasonable budget

29 replies

Jampot · 02/01/2009 17:36

I read recently on MSE website about a living on 4k for a year challenge. This is for 3 adults (which Im assuming would also cover 2 adults + 2 children. We are a family of 2 adults and a nearly 16 yo and a big 12 yo (5'7 and more like 15 yo). The challenge doesnt include things like rent/mortgage and council tax and I think possibly water rates. Anyway as I am not working at the moment and dh salary has reduced I think its a good way to live. However as its xmas dh thinks it ok to go out and eat out or get takeaways. Ive set our budget at 7k for the year and am trying to shop smarter (albeit only online at the moment). So how much does everyone else spend on bills including fuel, gas & elec, food, children etc?

Ive also drawn up a list of new "rules" which include no phoning mobiles from house phone (we all have mobiles with either free texts or minutes on each month), no takeaways, keep doors closed on rooms and turn lights off when not needed. Also Ive said no driving within a mile so if I need the bank I can walk to teh high street and likewise if dd needs to meet friends at the railway station she can walk too instead of getting a lift. I understand this is quite hard to get used to but it seems Im the only one who actually sees it as a challenge and Im the worst offender of the mobile and driving crimes.

OP posts:
aidansyummymummy · 02/01/2009 17:50

Well done Jampot...think I may consider this too. I love MSE and you can get lots fo money saving tips from there forums!

CarGirl · 02/01/2009 17:57

Perhaps you could make it easier to say we are going to live of x this month, so your family are only thinking of it as one month at a time rather than forever

ClarissimoUsedToBePeachy · 02/01/2009 17:58

I'd be stunned if you could manage on £3k now.... we price checked our electricity and found that the average for a family of six now is £3k! (we pay half that- we were already on the cheapest). I also think a 15 yo and 12yo are closer to 4 adults.

However I think your budget should be doabe and the changes you are suggesting are eminently doable. Keep at it and I am sure you will find everyone gets motivated by the changes and results.

As for a sensible budget- it varies for everyone. Ours has to be high as we are six plus cat and have both dairy and gluten free diets to cater for, £100 a week on groceries atm is a chalenge for us sadly.

deanychip · 02/01/2009 18:13

The MSE website is fab and the people on the forum make it sound easy to live on less, but im not sure if it that easy in practice.

I started with our food budget, i can feed 3 of us for between £25-£35 per week.
Once a month however i do a "big shop" which is washing powder etc. I get these from B&M bargains or Wilkos but that is an additional £25 one week of the month.

We both have pay as you go phones, spend aprox £10 each per month on these,
Other bills are expensive (gas, lecky etc)

We dont have credit cards, loans or debts.
we have a mortgage which is low.

we both work full time.
child in school so minimal childcare costs (after school club one night a week)

We both have large families so xmas and birthdays to cater for which adds up.
For this i save all of our 50p coins & £2 coins and have a small bank acount with a little book, saved £400 last year which payed for birthdays and xmas through out the year.
Also save £1 saver stamps & Tesco club points to help towards xmas.

We have no animals and have lots of hand me down clothing for ds, i rarely buy clothing, but got some vouchers for my birthday (last July) so aim to spend them in the january sales.
I am not sure how much we spend in ayear, but i know how much we save because we save for holidays also, (go to Florida every 4 years and save over the 4 years for that holiday)
We also have savings for other stuff....if i havent got the money in my pocket, then i dont buy it till i do have the money.

im tight as a very tight thing with money im afraid. But it keeps us out of debt and gives us nice holidays and a nice life.

sarah293 · 02/01/2009 18:20

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fizzbuzz · 02/01/2009 19:11

Our teenage boys eat and eat as well. I think this is a varable that needs factoring into things!

nickschick · 02/01/2009 19:14

my teenage boys eat and eat too

deanychip · 02/01/2009 19:20

meal plan every week.

Buy loaves of bread on offer and they go in the freezer, take bread out as we need it.

If you go to supermarket at 8ish at night, you can get loaves less than quater of the price that it usually is as they need to shift it...bung in the freezer.

buy multi packs of beans, etc.

big frozen bags of vegies.

decide what days we are having meat, and only buy for that day, so eg pork chops, mash veg and gravy for Monday, buy enough for that meal.
Sheperds pie Tues...make huge portion and freeze half for tea one night next week.
chicken for curry, the shops own jars of curry are 89p, you could sling 2 of them in a slow cooker for your lot, big bags of rice.

Never ever buy ready meals or ready made rice etc, the only pre packed stuff are jars of curry sauce.
make my own pasta sauce with tins tons, garlic onions toatoe puree, again, make a huge pan full and freeze it in batches, dead easy to take out for quick pasta tea. costs pennies.

Fruit and veg, buy what is in season, frozen where possible.
Crisps and bickies are a special treat, dont get them often...and only if on offer.

Sometimes jacket spud beans and cheese is a great cheepy tea!

I plan plan plan and only shop for what is needed on the list. I am very restrained, but i have had to train myself to be over time. It isnt easy.

We treat ourselves to takaway once a fortnight as well.

sarah293 · 02/01/2009 20:14

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NAB3lovelychildren · 02/01/2009 20:17

checking in for tips when I can organise myself

nickschick · 02/01/2009 22:09

riven i bought a head of broccoli off the market on wednesday it was £1.38!!!!!

slackrunner · 02/01/2009 22:15

Has anyone read this book - details how a woman lived on £1 a day for a year? If she is who I think she is she is based in Bristol...I'd be interested to know people's thoughts (too tight to buy the book myself )

How I Lived a Year on Just a Pound a Day

Will watch this thread with interest, I really want to cut down our spending.

Kafka · 02/01/2009 22:28

Bread maker purchase in the summer, since which I have not bought bread, I think it has saved me money.

MrTumbledoesmyheadin · 02/01/2009 22:45

slackrunner i saw a bit of that pund a day lady on the news she like walked round picking dropped coins up and crazy stuff!

Probly got a few good ideas though!

Im fully broke need to start a budget and stick to it....my partying days are over!!

LunarSea · 03/01/2009 07:28

Jampot - the Living Below Your Means forum on the Motley Fool website is another good source of ideas.

Long time no see - we must meet up again sometime.

Jampot · 03/01/2009 09:12

Hi Lunar. Yes would love to meet up. How are you??

OP posts:
sarah293 · 03/01/2009 11:33

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slackrunner · 04/01/2009 18:14

Riven - How do you qualify for the payment riven - is it DLA driven i.e. if you are in receipt of DLA you will get the payment automatically? £60 towards heating right now would be well received.

This winter is fooking freezing, I spend all of the day with a beanie on. So stylish.

On the subject of the keto diet, I think this charity makes grants to families for it. might be worth a look?

daisygarlandtrust

slackrunner · 04/01/2009 19:21

bump for riven - really keen to know more about the 60 squid

aidansyummymummy · 04/01/2009 21:59

pretty sure she means the extra £60 that is being paid to those who normally qualify for the £10 christmas bonus.

www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/On_a_low income/DG10018704

dont know how to do link on here...hope thats works

aidansyummymummy · 04/01/2009 22:00

damn it didnt

go to

www.direct.gov.uk

and search christmas bonus.

How do you do a link on here???!!!

slackrunner · 04/01/2009 22:02

Ooh thanks, found it. Will tell dh, he may allow me to crank up the heating (or maybe not)...

You need to do 'name of link'

aidansyummymummy · 04/01/2009 22:09

did you mean to do that link slackrunner??!!

slackrunner · 04/01/2009 22:11

aaah - bugger -that didn't work

see where it says 'links' to the left of the window where you type your post...

aidansyummymummy · 04/01/2009 22:17

Christmas Bonusincome/DG10018704

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