Our One Income Family Budget (June 2018)

We are in the very middle of buying our dream property and with that comes lots of extra costs. This month we have paid our solicitors to get all the checks carried out and will await for the final bill once everything has been exchanged and completed. It is all very exciting as well as nerve wracking.

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: £178 – 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: £34 – Our water bill comes out every month and has now increased slightly. Of course, this figure could go back down if we continue to use less 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: £7.50 
– 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. This month only my payment has come out.

Credit Card (Includes Groceries and Petrol): £591.20 – 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: £108.70 – 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: £235 – 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: £289.49 – We like to go out and socialise or have a family treat each month and the girls really love it.

Home Improvements: £3.75 – 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: £69.21 – 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.

Activities: £54 – Mabel takes dance and rugby classes each week. This payment was for a new dance class and for a swimming course during August.

Events: £26.75 – When it comes to birthdays and events I try not to go over the top with buying costly items. This month we had Father Day and my Brothers Birthdays.

Train Ticket: £54.80 – Doug’s new bike is still broken. 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.

Solicitors: £500 – We have had to put a down payment in order for the solicitors to carry out the checks needed on our new house.

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: £3,000.39

This leaves us with £1823.47 when we take it away from what we had coming in from Doug’s Wage, Bonus, Child Tax Credits and Extras. This means we have money to put towards the final fees for buying our new house.

See you again next month.

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4 Comments

    • July 13, 2018 / 6:46 am

      I think if I had been taught it earlier my University days might have been a little bit easier. I like how I have total control over everything and can reduce our spending in certain areas if needed. 🙂

  1. July 14, 2018 / 5:18 pm

    wow! I’m impressed by your accuracy!!! I could tell you roughly – give or take the odd £100 how much is spent on food /toiletries/ personal etc – it varies so much. And I’m the one who does our accounts (ooops – worried much!) I don’t know how it works out but it does – if you ignore the massive mortgage and credit card debts. Well done you. good luck with the move. #brillblogpost

    • July 15, 2018 / 6:51 pm

      Thank You. I always go over what we spent each month and see where can we bring things down and it makes us accountable for seeing where our money has gone. 🙂 Fingers Crossed the move will be simple but I know our finances are going to take a bit of a hit. x

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