Our One Income Family Budget (October 2018)

October has hit us pretty hard what with payments to our solicitor and work needing to be done on our new house. Of course some of these expenses we had saved up for and so would be coming out of savings, but it still is a shock to the system when you see everything written down.

So here are our Real Figures.

Expenses

Mortgage: £1,210 – With a new bigger house, comes a new bigger mortgage.

Council Tax: £178
 – This figure is something we have to pay based on the size of the home we live in. We moved out at the beginning of the month so next month will be a new council tax figure. 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.

Oil/Oil Tank: £2,311.51
– Our new house has an oil central heating system so in the garden, we have an oil tank. One of the things that cropped up before moving in were cracks on top of the tank, so we already knew that would need to be changed. Plus we needed some oil to hopefully see us through the winter.

Internet/Phone: £15.99 – 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. The company we are using actually hiked up our bill without telling us so we have ended up with a refund for the increase.

Mobiles: £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. I had to start my package early because I had run out of data.

Credit Card (Includes Groceries and Petrol): £568.09 – This is really high. 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: £166.96 – Sometimes during the month we find ourselves having to nip out for some extra groceries that we may have run out of.

Petrol: £75.64 – We needed more petrol this month.

Preschool: £14.96 – We bought the preschool some items that allowed them to attach a swing to the tree.

House Insurance: £138.92 – We needed house insurance on our previous property as my brother had moved in until we sold it.

Eating/Drinking Out: £438.40 – We like to go out and socialise or have a family treat each month and the girls really love it. However, as you can see this figure is ridiculous. It definitely needs sorting out, *cough* Doug.

Home Improvements: £15.40 – We are doing home improvements as we have moved house, so each month we might just have some costs while we get the house prepared for Winter.

Personal Money: £89.70 – 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. Doug went a little over this month but hopefully, he can reign in it for the following months.

Events: £158.39 – When it comes to birthdays and events I try not to go over the top with buying costly items.

Bike: £19.99 – Doug needed some new lights for his bike.

Plumber: £112.16 – Within a week of moving into the new house Doug broke the sink, which we then had fixed.

Roofer: £750 – Our roof needed quite a few bits done to it that had been brought up in the survey. We used a guy that we previously used before but unfortunately, I do not have a good word to say about him. We will never use him again.

Train Ticket: £48 – Doug has been leaving home later so he can see the children in the morning, which results in him having to get the tube.

TV Licence: £150.50 – This is required for us to be able to watch the TV.

Solicitors: £50 – When we moved out we sold our house so we are in the process of paying our solicitor for these fees.

Van Hire: £240.57 – Instead of getting a removal company in, we decided to rent a van from Enterprise and do it ourselves. The van actually cost £40.57 for the day, but a deposit of £200 is needed which is then refunded.

Friend: £77.36 – My friend had paid for the girl’s ballet outfits and some event tickets we were going to so I paid her back.

Rental: £1,095.00 – My brother found a new house to rent and so with that comes administration fees, background checks and a deposit. In order to help him out we have put down the deposit money, but the additional £300 for all the administration fees and checks my mum paid us back for.

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: £8,067.94

This leaves us with -£3,137.44 when we take it away from what we had coming in from Doug’s Wage, Child Tax Credits and Extras. This means we have had to go into our savings which have been the plan when purchasing a new house.

See you again next month.

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