Active discussions

Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Talk
Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Original poster

Living on a very restricted income - advice

14 replies

moonlight06 · 02/05/2018 17:33

I lost my job today.

Income wise, I now have £500 per month coming in.

That is doable isn’t it? Without rent or mortgage to pay.

OP posts:
coffeeforone · 02/05/2018 17:57

Is it just yourself you need to provide for or do you have dependants? It really depends on your outgoings. They would need to be very low. E.g. how much is your council tax and other fixed bills?

I hope you find another job soon.

MissCherryCakeyBun · 02/05/2018 18:00

I've been in a similar position can I suggest a really good budget tool to help you plan spending I found this one invaluable
I hope you get another job sorted soon
www.moneysavingexpert.com/banking/Budget-planning

PinkDaffodil2 · 02/05/2018 18:01

How many people is that for, and what do your bills come to before food and transport?

Lotsofhappysmiles · 02/05/2018 18:07

So sorry to hear that.

I would second the mse site, doing a statement of affairs (soa) might help. There are loads of good ideas on the mse forums for living on less.

soa

I hope you get sorted soon Flowers.

Cantankeroo · 02/05/2018 18:25

This reply has been withdrawn

Message from MNHQ: This post has been withdrawn

Original poster
moonlight06 · 02/05/2018 18:35

Thank you. It’s for the foreseeable; I can’t really work much if at all just at the moment. It’s for me and two children but one is working.

OP posts:
PotteringAlong · 02/05/2018 18:36

How much can the working child contribute?

Original poster
moonlight06 · 02/05/2018 18:37

Nothing - I mean, she can sort out her own food and so on.

OP posts:
Cantankeroo · 02/05/2018 18:43

This reply has been withdrawn

Message from MNHQ: This post has been withdrawn

Original poster
moonlight06 · 02/05/2018 19:06

Thank you. I don’t know about a lodger as one of my children has special needs and can be a bit loud. I don’t know anything at all about matched betting, wouldn’t know where to start!

OP posts:
RedHelenB · 02/05/2018 19:30

Your adult child needs to pay for more than their food if you're not working.

PotteringAlong · 02/05/2018 20:53

If you’ve only got £500 coming in your adult child needs to start contributing.

Shiftymake · 02/05/2018 21:01

Sorry, but I agree with the rest here, your working child needs to help pay at this point. Have my dsd temporarily living with us and we take 25-50 per week depending on how much she gets that week because she wishes to pay her way and she helps out.

BarbaraofSevillle · 02/05/2018 21:02

How old are the adult children? Sorry, but the one who is working needs to contribute. Even if she only earns an apprenticeship or minimum wage it's about the same income as you have, so she needs to pay more than her food. She needs to give you at least £200 a month as well as paying for her own food if she's earning £400+ per month. The bills won't pay themselves and if she doesn't like it, she can move out so you can get a paying lodger in.

Is the other DC still in education? If so, you might be able to get universal credit or tax credits for your new circumstances, so look into that with the job centre.

New posts on this thread. Refresh page