How much should I spend

[Kitty1987]

Looking for some advice. I had taken redundancy from work and have a substantial pay off which is around £75k. I have twins approaching 1 and have managed to find an interim job for 6 months, likely to be extended and the pay is very good.

Our conservatory has never been used since we moved in as it’s freezing in winter, too hot in summer and leaks as the roof has gaps in it. I am paying for work to correct this which will cost 20k. I’ve also said I’ll pay for new double glazing - around 7k. We need a new boiler which is around 5-7k (water tank needed too) however I think this can be bought on 0% finance saving me a big output. I’m buying my daughter her first car, and she is going to uni so I want to help her with the cost of this as best I can (I.e. ensuring she has an en-suite in her accommodation, etc - not the tuition fees). I need to put some in savings 20k as I’ve never had any!! Would be good to take the family on a holiday and I’ve also said we will get new flooring downstairs - around 5k. What do you do in partnerships re household spends. My husband put all the deposit down for our house as he was in a position to do that, my salary has increased over the years and now I will be earning slightly more however my job isn’t permanent so I need to be careful of this. Should I be spending all of the above? It is work we need doing and it’s non-negotiable about my daughter. Is it fair I’m paying for all of this work? My husband has savings too in an ISA.

Don't spend it until you've secured a permanent role.

What so you mean by “is it fair”?

First post nails it. Someone posted a really helpful money ladder recently where you work your way up from substantial debt at one end to basically being able to live from the money mare from your savings at the other end. I think it recommends having 3-6 months income saved for an emergency so I would start with doing that, at least until you have a perminent job. A family holiday is a luxury maybe but I guess it depends how much you are spending. will your daughter actually need a car at uni? Most students near me just park their cars up for the whole term. I would consider using the money to pay her fees or stop her needing a loan?

I would aim to save 50%. You need to have a cash cushion for the future. I can see the value in getting the house sorted out, but would only spend it on that, not holidays. It's very easy to chip away at a large sum of money then all of a sudden it's gone.

Also I am pretty sure that once you are married, legally your money and his money are considered to be shared, but I know people do things differently.
How much savings does he have? At least make sure you both have the same in a saving after the spending.