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Mortages, bills - how do you cope?
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I hope theres some single household people who will read this.
How do you cope with bills, mortages, savings etc.
My expectations for bills, mortage etc will take up a lot of my wages, leaving me with hopefully 6-700 remaining a month. I'm curious as to how people manage to go on dates etc even save for holidays on such short leftover money.
Am I doomed to be scrounging by for the next few years? |
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I haven’t been on holiday for years. I’ve lived alone since leaving my ex husband 18 months ago. It’s a struggle to get to the end of the month most months. But even so, I’m still better off than most.
It’s frightening |
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"Fuck me. I wish I could have £600-700 left per month.
More like £6-60 here  "
600-700 left before food shopping and fuel money, gym membership, phone bill car insurance also. I should of added that in.
I guess around 450 after everything's taken out |
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There's a point beyond which money just won't stretch no matter how good you are at budgeting. When our children were small we lived from pay packet to pay packet. Any holidays were £7:50 Sun holidays and we just didn't go out or save. It doesn't last forever |
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"Fuck me. I wish I could have £600-700 left per month.
More like £6-60 here
600-700 left before food shopping and fuel money, gym membership, phone bill car insurance also. I should of added that in.
I guess around 450 after everything's taken out"
Have £50 a week to spend and put the other £250 in savings. |
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"Fuck me. I wish I could have £600-700 left per month.
More like £6-60 here
600-700 left before food shopping and fuel money, gym membership, phone bill car insurance also. I should of added that in.
I guess around 450 after everything's taken out"
Do you need gym, car etc.? Rethink your life  |
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By (user no longer on site)
over a year ago
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"Fuck me. I wish I could have £600-700 left per month.
More like £6-60 here
600-700 left before food shopping and fuel money, gym membership, phone bill car insurance also. I should of added that in.
I guess around 450 after everything's taken out"
I’d say you’re still sitting fairly pretty.
Your round first….. |
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"Fuck me. I wish I could have £600-700 left per month.
More like £6-60 here
600-700 left before food shopping and fuel money, gym membership, phone bill car insurance also. I should of added that in.
I guess around 450 after everything's taken out
Do you need gym, car etc.? Rethink your life "
All but gym are essential tbh for work. |
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By (user no longer on site)
over a year ago
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I work 2 jobs, only getting time off when I head back to Wales for 2-3 days at a time every month.
I heard something about 12 months ago and it’s stayed with me…once you get paid, pay yourself first..in other words put some money aside for yourself or you will just be working to pay the bills.
I guess I’m kind of lucky where my 2 combined jobs gives me a *fairly decent* income but the more you earn, the more you spend.
Remember…as soon as you get paid, pay yourself first. |
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"The boiler goes or a leak occurs and I could be screwed I can't see how peo0le are able to afford new cars, new clothes and the likes. "
Most people can't and I lot of people rely on credit in some form or another. |
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I get paid an average wage for my ange annd sex and put a few hundred into savings every month (which will eventually pay off my mortgage early).
I live frugally, but enjoy myself and don’t really restrict the things I do.
What made a real difference was buying a much cheaper house than I could technically afford - although it is still more expensive to own my own home than to rent an almost identical one! |
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Budget. List everything that goes out, right down to an allowance for food every week and toiletries, travel etc. Put it all away at the start if the month, give yourself a minimal budget a week to live on and save the rest. |
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By (user no longer on site)
over a year ago
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It the two full tanks of petrol a month that are kicking my arse at the moment.
But I stand by that decision I made that means I need to do it.
If I'm skint I stay in.
I like having no spend days. Go a day without spending a pent on anything. Some days it can be quite hard to achieve. |
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"I get paid an average wage for my ange annd sex and put a few hundred into savings every month (which will eventually pay off my mortgage early).
I live frugally, but enjoy myself and don’t really restrict the things I do.
What made a real difference was buying a much cheaper house than I could technically afford - although it is still more expensive to own my own home than to rent an almost identical one! "
I get that, it's hard to have emergency funds for myself. It works out cheaper in the long run to have a mortage once you remortgage etc.
I always think how the landlord has to make a profit on rent... the only benefit is you don't have to stress over anything going wrong say a boiler or somethingm |
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Mine is a economical car, no subscriptions, brand food on yellow label offers, charity shop and eBay designer dresses and shoes, you can live a nice life on a budget, but you gotta spend the time hunting for bargains  |
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I have a standing order to transfer £100 to a savings account each month. It comes out as soon as my salary goes in so I don’t get a chance to miss it. If there’s anything left at the end of the month or if I get any bonuses from work, I transfer that to my savings account too. |
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Still more than a lot of people, myself included. I definitely couldn't afford a gym membership. My car is 18yrs old so insurance is really cheap). I don't go out for food/drinks ect. That's easy though, I'm a single parent so don't have opportunity to anyway.
Instead I do splash out on a Nat Trust membership so I have nice places to go all year for days out (for 80 odd quid) and nowdays that's just a couple of meals out so would rather do that. That really is my only indulgence. With everything else I don't budget as such but am just very frugal.
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"I work full time, all the overtime i can get, and have a couple of side hustles too.
So...working more really.
Just make sure the inland revenue don't get your side cash "
The good old Tory party, going after the dirty tax dodgers making a few quid to afford food, luckily they're not too bothered about the poor global corporations with investors to look after |
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"I get paid an average wage for my ange annd sex and put a few hundred into savings every month (which will eventually pay off my mortgage early).
I live frugally, but enjoy myself and don’t really restrict the things I do.
What made a real difference was buying a much cheaper house than I could technically afford - although it is still more expensive to own my own home than to rent an almost identical one!
I get that, it's hard to have emergency funds for myself. It works out cheaper in the long run to have a mortage once you remortgage etc.
I always think how the landlord has to make a profit on rent... the only benefit is you don't have to stress over anything going wrong say a boiler or somethingm"
Landlords make a profit on rent by having interest only mortgages with small deposits secured against their other properties. They don’t pay anywhere near the size of mortgage that most of us do.
its the building and critical illness insurances that shove my bills up way more than I find reasonable. But since I’m single I can’t rely on anyone else in my house having a job to pay the mortgage if I was not able to work… just another tax on being single! |
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By (user no longer on site)
over a year ago
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I would suggest a change in mindset.. change the cut and live frugally approach, but invest in your future potential earnings, find a path to financial success, you have to go out and get it... don't settle, belive in yourself 100%, do you think you can earn 10k a month? |
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You’re in a better position than you realise compared to most other single households.
I’ve been at all points on the scale, came from a quite a well off background, took everything for granted lost everything and lived on the “breadline” then I run 3 jobs to pay my debts and rebuild my life, (at the risk of sounding big headed) Im now fortunate enough to earn above an average households income on my own (i’m money motivated) i’m debt free, a solid roof over my head and a handful of weekend toys to mess around with. A positive mindset really does help, being wise with your money (not tight, just wise!) work hard and you’ll be fine |
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By (user no longer on site)
over a year ago
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I can't help. I just struggled until I got to a position where I earned enough to not have to struggle anymore. £450 seems a decent disposable income to play with tbh. |
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By (user no longer on site)
over a year ago
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"Fuck me. I wish I could have £600-700 left per month.
More like £6-60 here "
Same. Luckily I'm cheap date. I get tipsy after one drink and I enjoy walking about free museums. |
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