I earn 30k and bring home 2k a month after tax/pension/SL. DH earns 24k and brings home 1650 a month after tax/pension. We are going to TTC later this year.
We can put on average 850 a month into savings but out of that comes things like car insurance and one off expenditures like house/car repairs and servicing. The rest stays. Probably 2k a year on those, so let's say we have savings of 650 a month. We don't do any paid-for hobbies, gym, nights/meals out etc really so our lifestyle won't/can't be cut back much.
I get full pay for 13 weeks, 90% for 6 weeks, then up to 20 weeks on stat pay. DH gets the stat minimum pat pay, we want to do Shared parental leave so DH takes 2 weeks paternity+2 weeks shared at the beginning, while I do 34ish weeks on my pay and then go back to work and he does the rest of the leave up to about 10 months I think or just shy of a year depending on when we can get a nursery place.
Obviously there are other costs like cots, car seats, prams etc. I'm absolutely mind boggled and don't know how much saving to aim for tbh. Anyone care to share what they did in a similar situation?