Hi Guys,
Looking for some advice on how to manage our household money better.
We are both working and have one 2 year old. The problem is at the end of the month we are in the red by €500. We are trying really hard to get back into the green but are finding it very hard.
I get paid monthly but my wife gets paid weekly which i feel is one of the reasons we are not managing our money, i feel if we had both wages going in monthly we could then see what is ahead of us and plan much better. For example set up a second bank account to manage all our DDs and what is left over is used for day to day expenses. As you can see we have over 1000 left after all outings are accounted for but we are struggling big time? Any advice??
Our incomings / outings are below.
Monthly Weekly
Wage 1 2973.76
Wage 2 2388 597
Total 5361.76
Monthly Debts
Mortgage 1851.23
Broadband/phone 51
Heating 69
Gas 89.77
Car Insurance 1 38.62
Car Insurance 2 25.39
Health insurance 82.08
House Insurance 36.08
Car1 200
Mobile phone 78
Savings 150
Standing Order(Loan) 80
Life Insurance 106
Tolls 80
Petrol 1 200
Petrol 2 200
loan/other 243.71
Food 300
Total 4120.88
Looking for some advice on how to manage our household money better.
We are both working and have one 2 year old. The problem is at the end of the month we are in the red by €500. We are trying really hard to get back into the green but are finding it very hard.
I get paid monthly but my wife gets paid weekly which i feel is one of the reasons we are not managing our money, i feel if we had both wages going in monthly we could then see what is ahead of us and plan much better. For example set up a second bank account to manage all our DDs and what is left over is used for day to day expenses. As you can see we have over 1000 left after all outings are accounted for but we are struggling big time? Any advice??
Our incomings / outings are below.
Monthly Weekly
Wage 1 2973.76
Wage 2 2388 597
Total 5361.76
Monthly Debts
Mortgage 1851.23
Broadband/phone 51
Heating 69
Gas 89.77
Car Insurance 1 38.62
Car Insurance 2 25.39
Health insurance 82.08
House Insurance 36.08
Car1 200
Mobile phone 78
Savings 150
Standing Order(Loan) 80
Life Insurance 106
Tolls 80
Petrol 1 200
Petrol 2 200
loan/other 243.71
Food 300
Total 4120.88