loeylo
1DD, 1 pup, WTT#2
- Joined
- Nov 11, 2012
- Messages
- 4,653
- Reaction score
- 417
Now that we are sort-of WTT and sort of ntnp, I'm really starting to think a bit more about finances and affordability.
We both work full time, our joint salary is in the region of £47,000 so fairly comfortable, and I'm still at a point in my career where I am moving up the pay scale for about another 5 or so years - by then we will be on about £60,000 depending on my partners job. So a lack of income isn't the issue. The problem is outgoings!
Our mortgage is only £400 per month, council tax is £150 and we are about £100 in gas and electric. We also pay £150 finance for our new kitchen (the house vitally needed one so we couldn't wait and save) plus £60 for our sofa, then £200 car loan and £80 car insurance. We are £200 per month on food (roughly) and the maybe £50 on other insurances. We also spend about £300 on commuting and £150 on petrol per month. My credit card is being paid off at £100 per month.
This means our wages are basically eaten up before any savings or "fun" things. I have no idea how we are going to afford a baby! Especially since our wages would have to drop.
Does anyone have any advice on how we can make things work better, or how I can convince my oh (and myself!) that it will be okay?! I see so many people earning significantly less than us and managing, it doesn't seem fair since we have both worked really hard and made a lot of sacrifices to get decent jobs to be able to provide for our kids, yet can't afford kids, and my cousin who has never worked, nor has her husband, can afford two!
We both work full time, our joint salary is in the region of £47,000 so fairly comfortable, and I'm still at a point in my career where I am moving up the pay scale for about another 5 or so years - by then we will be on about £60,000 depending on my partners job. So a lack of income isn't the issue. The problem is outgoings!
Our mortgage is only £400 per month, council tax is £150 and we are about £100 in gas and electric. We also pay £150 finance for our new kitchen (the house vitally needed one so we couldn't wait and save) plus £60 for our sofa, then £200 car loan and £80 car insurance. We are £200 per month on food (roughly) and the maybe £50 on other insurances. We also spend about £300 on commuting and £150 on petrol per month. My credit card is being paid off at £100 per month.
This means our wages are basically eaten up before any savings or "fun" things. I have no idea how we are going to afford a baby! Especially since our wages would have to drop.
Does anyone have any advice on how we can make things work better, or how I can convince my oh (and myself!) that it will be okay?! I see so many people earning significantly less than us and managing, it doesn't seem fair since we have both worked really hard and made a lot of sacrifices to get decent jobs to be able to provide for our kids, yet can't afford kids, and my cousin who has never worked, nor has her husband, can afford two!