Thinking of making some life changes that affect income. Do you think 2 adults, 1 child, can live as follows:
Total income £30,000 p.a. (it's complicated, but assume that is after tax)
Mortgage of £600 pcm
Some large bills needed, for house (bathroom, kitchen etc) but we can pay these in our own time.
We are currently probably spending all that we earn, but we have substantial savings. We don't want to dip into them though until retirement.