Our One Income Family Budget (May 2018)

I really don’t know what to tell you about what happened in May other than it was a very expensive month yet again, but we have a good reason for spending a lot. For starters, we went to Somerset for a friends wedding which was so beautiful and amazing. Then we came home to view our dream property and put in an offer, which was accepted so of course, the Survey had to be carried which meant we went into our savings.

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: £176.56 – This figure has now changed slightly from last 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: £14.99 – This year we have paid our phone bill in one lump sum which you can check out from the January’s expenses, and now we have small monthly payment for the rest of the year for internet.

Mobile Phones: £30 
– 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. This month for some reason we both paid twice, mine for last month and this month, and Doug’s for this month and next months.

Credit Card (Includes Groceries and Petrol): £589.58 – This is STILL 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: £204.04 – Sometimes during the month we find ourselves having to nip out for some extra groceries that we may have run out of. Plus we needed groceries for our accommodation when we went up to Somerset.

Preschool: £165 – Mabel gets 15 hours free childcare at preschool now but Martha has started attending 2 mornings a week which means we pay for her.

Eating/Drinking Out: £223.72 – We like to go out and socialise or have a family treat each month and the girls really love it.

Home Improvements: £32.30 – We are going through this year trying to do as much to our house as we can as we will move house, so each month we might just have some home improvement costs.

Personal Money: £56.99 – 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: £7.30 – Mabel needed some new leggings because she is growing so quickly.

Rugby: £70.60 – Mabel goes to Rugbytots so every 10 weeks or so we renew the fees.

Events: £100.20 – When it comes to birthdays and events I try not to go over the top with buying costly items. This month we went to a wedding so that soon added up.

Train Ticket: £24.30 – Doug’s new bike has broken, within actually 3 weeks of buying it. It has resulted in the girls and I dropping him off and picking him up at the station, and when in London he needs to get the tube.

Medical/Dentist: £21.60 – I went for a routine check-up at the dentist.

Holiday: £520 – We stayed in a self-catering 2 bedroom house right near to where my friend was getting married, but this figure included a £200 deposit which we did get back.

Bike: £4.99 – Doug’s bike sometimes needs repairs done on it.

Parking: £1.50 – We had no change with us so had to use our card for parking.

Homebuyers Report: £480 – We are currently in the process of buying a house so we have carried out a survey.

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: £3,587.67

This leaves us with -(£437.83) 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 we are buying a house after all.

See you again next month.

How did your March budget go?
Are you in the green or red this month?

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