- Joined
- Jul 28, 2018
- Location
- London
Hi all.
Would be interested to know if a similar thing is happening in your country and how it's affecting you. Fortunately, my wife and I have good paying jobs and recently got a pay rise. With that said, we still spend more than we earn each month and have to constantly go into savings or use the credit card. When looking at our monthly bills, the only things that are not an absolute necessity is the £60 a month we spend on the children's activities (football and swimming). Everything else is bills which are at the lowest they can be.
We don't drive a fancy car, and it's the same Ford Fiesta I bought cash 10 years ago. We don't have fancy phones. Instead, buying a cheap phone for about £150 and a sim only contract for about £10 a month which will last us years. We don't go on holidays, hardly eat out and yet I feel like we're broke 2 weeks after pay day.
We regularly use our car and that was the first expense I noticed. Usually it would cost £45 to fill up my car, now it's closer to £70. We had a £250 food shopping budget for the month and even that is no longer enough. Now, there is going to be a tax rise at the end of the month.
This is coming form a couple who, together, earn over £100k a year and live in a very modest house in the cheapest part of London.
Anyone else feeling the pinch?
Would be interested to know if a similar thing is happening in your country and how it's affecting you. Fortunately, my wife and I have good paying jobs and recently got a pay rise. With that said, we still spend more than we earn each month and have to constantly go into savings or use the credit card. When looking at our monthly bills, the only things that are not an absolute necessity is the £60 a month we spend on the children's activities (football and swimming). Everything else is bills which are at the lowest they can be.
We don't drive a fancy car, and it's the same Ford Fiesta I bought cash 10 years ago. We don't have fancy phones. Instead, buying a cheap phone for about £150 and a sim only contract for about £10 a month which will last us years. We don't go on holidays, hardly eat out and yet I feel like we're broke 2 weeks after pay day.
We regularly use our car and that was the first expense I noticed. Usually it would cost £45 to fill up my car, now it's closer to £70. We had a £250 food shopping budget for the month and even that is no longer enough. Now, there is going to be a tax rise at the end of the month.
This is coming form a couple who, together, earn over £100k a year and live in a very modest house in the cheapest part of London.
Anyone else feeling the pinch?