B
bumblebe
Guest
Hello – I’m looking for some advice on managing money.
My boyfriend and I are on decent salaries and in secure public sector jobs. We enjoy our lives but maybe a bit too much as we despair of our inability to manage our money more effectively, particularly to spend less / save more. I’ve looked at the key post on money saving strategies and will implement these with immediate effect particularly the writing down everything you spend one. In the meantime I’d appreciate observations / comments on what we should be doing with our money to make better long term decisions.
We’re getting married soon but for the purposes of this discussion, the cost of the wedding is taken care of. We don’t have immediate plans to start a family. We’re in our late 20s.
Net monthly income:
Total: 7750 (split pretty much evenly between us)
Outgoings:
Mortgage: 1400 after TRS, 300k on house worth approx 430 (but who knows these days!)
No other loans or financial commitments
Assets:
Home
Car
2k savings
Bills:
Total household outgoings including food, bills, travel expenses / petrol and insurances – maximum of 1500 per month
I know we are obviously spending a lot of money on ourselves but at least we’re not in debt apart from our mortgage (every cloud?!). Anyone and advice or comments on how we can plan better / what we should be doing with our money – reduce mortgage term/save in high interest account/buy a holiday home??!!
My boyfriend and I are on decent salaries and in secure public sector jobs. We enjoy our lives but maybe a bit too much as we despair of our inability to manage our money more effectively, particularly to spend less / save more. I’ve looked at the key post on money saving strategies and will implement these with immediate effect particularly the writing down everything you spend one. In the meantime I’d appreciate observations / comments on what we should be doing with our money to make better long term decisions.
We’re getting married soon but for the purposes of this discussion, the cost of the wedding is taken care of. We don’t have immediate plans to start a family. We’re in our late 20s.
Net monthly income:
Total: 7750 (split pretty much evenly between us)
Outgoings:
Mortgage: 1400 after TRS, 300k on house worth approx 430 (but who knows these days!)
No other loans or financial commitments
Assets:
Home
Car
2k savings
Bills:
Total household outgoings including food, bills, travel expenses / petrol and insurances – maximum of 1500 per month
I know we are obviously spending a lot of money on ourselves but at least we’re not in debt apart from our mortgage (every cloud?!). Anyone and advice or comments on how we can plan better / what we should be doing with our money – reduce mortgage term/save in high interest account/buy a holiday home??!!