Our One Income Family Budget (January 2018)

I am someone who is very nosey and I love seeing how much other families spend on bills and how much they may have left over if anything at all. I thought I would share with you each month what we spend our money on so you can see how we are surviving as a family of four living on one income.

January I have to say was meant to be a quiet month with our expenses and we were doing really well until we decided now was the time to finish off the upstairs decorating and adding in some new furniture. For this, we knew we would be going into our savings so we were very prepared for the total monthly expenditure below.

So here are our Real Figures.

Expenses

Mortgage: £755 – We have been paying this amount for many years and is something that is very manageable for us.

Council Tax: £171
– This figure changes slightly each year and is something we have to pay based on the size of home we live in. There are some households that are overpaying on their council tax so make sure, like we have, that you are in the correct bracket.

Water: £31
– Our water bill comes out every month and last year we were in credit so a deal was made to reduce the monthly direct debits. Of course, this figure could go back up if we start using more water.

Gas/Electric: £73
– We have switched a few times with different providers of our gas and electric to make sure we are getting the best deal for the amount we are using. The last company we used kept us on a low monthly payment which ended up seeing us in debt at the end of the year and having to pay a large lump sum.

Internet/Phone: £236.86
– This year we have paid our phone bill in one lump sum (hence the large payment) and got a great deal for a faster internet service which we will be paying monthly.

Car Tax: £135
– This payment comes out once a year and is something we have to pay for using our car on roads.

Mobile Phones: £22.50 
– Doug and I buy our phones outright and then pay a sim only monthly deal (no contract) with a certain amount of free data and minutes/messages. It is £7.50 each package from GiffGaff, but on occasions on the 31st of the month, Doug’s next month’s payment would come out as well meaning we paid twice for him. Next month we should only have one £7.50 payment to make for my package.

Credit Card (Includes Groceries and Petrol): £583.79 – This is incredibly high and has been something I have been working on to decrease each month. It primarily includes groceries and petrol, but the odd payment from B & Q or Wickes can find itself on here. I must add that we pay this off in FULL every month.

Extra Groceries: £85.89 – Sometimes during the month we find ourselves having to nip out for some extra groceries that we may have run out of.

Eating/Drinking Out: £48.15 – We like to go out and socialise or have a family treat each month and the girls really love it.

Home Improvements: £1,068.39 – We had planned not to do anything to the house this month but we had it valued to see if it was better to move or extend our home, and it just opened up some possibilities. Now we have been trying to finish some painting and adding new furniture in for us to either sell our home or just enjoy it.

Parking: £3.70 – Hospital parking charges you can not get away from and it is something we pay quite often, unfortunately. This time it was for Mabel’s Consultant appointment that she has every 6 months to check her Asthma and Eczema because as an Atopic Triad child she has been in and out of hospital quite a lot.

Personal Money: £42.65 – Doug and I have an allowance each month so we have a little bit of freedom to buy some things we need or want for ourselves.

Children’s Items: £62.21 – The girls needed some new clothes and I managed to get some great bargains in the GAP sale. I have put some aside for Marthas birthday which is coming up.

Events: £30.99 – When it comes to birthdays and events I try not to go over the top with buying costly items. This month I managed to get £10 off my first purchase at Bloom and Wild which I sent to my nan for her birthday.

Train Ticket: £19.20 – You may or may not know that Doug pays for a season ticket each year for his train journey into London for work, but it does not include the tube because he cycles to save money. However last week he hurt his ankle whilst riding so I drove him to and from the train station and in London, he had to get the tube which added up to this amount.

Account Fee: £5 – This is our banks account fee that we pay every month, but like most things, we constantly look at other companies to see whether we are getting the best deal.

Total: £3,374.33

 This leaves us with -(£348.54) when we take it away from what we had coming in from Doug’s Wage, Child Tax Credits and Extras. This means we spent more than what we had coming in, but this was because we chose to decorate the upstairs of our house and add some new furniture. The shortfall for this month as I said would be coming from our savings.
 
So there you have it, our first month of putting our figures out there for you to see. It hasn’t started well with us going into a negative figure but the home improvements are what we have been saving some money up for. As always we will be looking at ways in which we can cut back on some things in order for us to build up the money we have spent here.
 
See you again next month. 

How did your January budget go? 

Are you in the green or in the red like us this month?

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