Hello! First time poster in this part of mumsnet, so I felt a hello was appropriate. This might be a bit long.
I need to get some perspective on our situation in regards to our money.
I earn between £1200-£1300 per month, £700 of which is allocated for bills food, mortgage etc. This obviously leaves £500 or so left over, £100 for phone bill, contacts etc. I am in my overdraft by approx. £600.
My partner earns £1300 per month, £600 of which is allocated to bills, mortgage etc. He pays £200 into a savings scheme with work, and £250 on a car loan, which obviously doesn't leave him with much left, about £250. Also in overdraft by £500.
We pay the respective £600 and £700 into a joint account where we are not in overdraft.
We have a credit card of approx. £1800 and owe his parents £2000.
In November we will be getting a large sum of money from the saving scheme, which will vary between £7000 to £15000 depending on the shares. We will pay off credit card and his parents then.
We have also recently got engaged and will get married next August.
My head is just full and I need some perspective on what to concentrate on. I want to start paying off overdraft on my account and start saving for the wedding. Does that sound sensible?
Thanks in advance!
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Please Help Me Get Some Perspective on Our Money Situation
9 replies
OkyDoke · 20/05/2014 13:27
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