Need help to stop worrying about disposable income

[HartEz]

Hi

i struggle with my mental health so need some perspective to see if I’m over thinking this.

our mortgage has increased by £400 and we now have to pay £1467 per month. Child care is currently costing just under 1k.

we have a bit of debt that is well managed abs dh has a lease car. We’re tied in with the car for 2 years.
our income is made up of two salaries and I also get PIP for a health issue. Our overall take home is £5200

after House, bills childcare and care we have about £1500 left. This is used for food, overpaying debt and saving. Im
worried that this is going to be tight

my sister thinks I'm over worrying and that £1500 means that we’re comfortable

do I need to calm down?

How much do you spend in food?
what’s in savings?

Try to keep it under 100 quid a week. We just save what we can

No one knows your circumstances however if you have around 1500 after everything has gone out then I'd say try not to worry. After all my bills are paid I only have just under £400 a month to live off and this is to include diesel for the car. So it covers our food and fuel only. Single parent/one income household.

Do you typically save more than 400 a month? In which case the extra mortgage payment can come straight from that, and the savings stay low until nursery fees drop.
If you typically save less than 400, you probably need to look at cutting back. Whether 1500 is enough is totally dependant on how much the minimium repayments on the debt are. If that is 1200, you don't have enough money! If its 200 on the debt, you will be fine.

Hi the debt payments are already covered before the £1500

Can you list the costs of what has to come out of the £1500?
Include things like how much you usually spend on xmas/birthdays/annual car expenses etc but divide all of that by 12.

Writing it out will help you get a clearer picture and potentially alleviate your concerns!

Everyone's lifestyle is different but plenty will be saying they live on much less.

So you say £1500 is the amount left to be used for food, overpaying debt and saving.

If those three, one is a necessity, the other two are discretionary.

So unless you're worried you're going to eat more than £1500/mth, not sure why you're so worried.

I understand the worry but it's okay as long as you're careful.

How much goes towards the debt and how long until this is paid off? You'll likely be in a much better position once it's gone?