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Cost of living moan & WWYD if your outgoings exceeded your income?

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  • Cost of living moan & WWYD if your outgoings exceeded your income?

    Is it just me or is the basic cost of living (utilities, fuel, food costs etc) absolutely astronomical nowadays and totally disproportionate to most people's income? We had a recent salary drop so have had to tighten our belts by:

    stopping boys swimming lessons
    no more meals out
    no new clothes
    no hair or beauty products/treatments
    frugal food shopping /no alcohol bar odd bottle of plonk at the weekend.
    changed utility suppliers (twice!)
    downgraded mobile packages
    cancelled sky
    stopped paying into my pension
    cancelled private healthcare

    The changes we've made *should* outweigh the drop in salary but everything else is increasingly expensive & we seem to be worse not better off!? Any I missing something? Honestly, what do/can you do if your outgoings exceed your income month on month with no sign of improvement? We have been considering selling our house & moving up north near DH's parents to reduce our mortgage, but actually our mortgage is relatively small & it's all the other bills that are crippling us & they're likely to be much the same. Any ideas?
    MrsCx

  • #2
    Re: Cost of living moan & WWYD if your outgoings exceeded your income?

    No answer, but we're finding the same. Once all the bills are paid, food and petrol are bought we have nothing left.

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    • #3
      Ditto here, or not far off

      I'm going to try & reign in our shopping bills again, they're not particularly out of hand, I don't think, but I'm sure I could plan in some cheaper meals....

      Comment


      • #4
        Re: Cost of living moan & WWYD if your outgoings exceeded your income?

        I can't believe how much the cost of living has risen in the past 2yrs. We spent 13m out of the country and the cost of our food shop before we went versus after is about 30% more and we haven't changed our shopping habits.
        Then diesel has gone up loads too.
        We question every purchase we make, don't buy because it's cheap only because we need it.

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        • #5
          It definitely is the past couple of years as I dug out my budget plan from when I was on maternity leave and it hadn't changed much from ds1 (now 6) to when we had ds2(nearly 3) but it looks totally laughable now!!

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          • #6
            Re: Cost of living moan & WWYD if your outgoings exceeded your income?

            Originally posted by lazymummy View Post
            No answer, but we're finding the same. Once all the bills are paid, food and petrol are bought we have nothing left.
            This, exactly. The cost of living has increased so much, while incomes have frozen or decreased. We've been discussing this today and will have to try to find somewhere to cut back. I've done things like change utilities; cut down on food bills; changed car to more economical, lower tax model; buying hardly any clothes or anything unnecessary; not going out; avoiding long journeys which would cost a lot in fuel. However, this is not enough.

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            • #7
              Re: Cost of living moan & WWYD if your outgoings exceeded your income?

              When I do the weekly shop I would go to asda first then go get the offers from aldi. Every week I would look and think I have just bought that in asda for a lot more s this week I went to aldi first then asda for the bits I couldnt get and managed to knock £40 off the bill, will definetly be doing this again

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              • #8
                I notice this too, my dh earns good money just we just don't have any money for extras anymore.

                Sent from my HTC Desire S using Tapatalk 2

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                • #9
                  Re: Cost of living moan & WWYD if your outgoings exceeded your income?

                  We have nothing left at the end of each month but are managing to scrape through by virtue of the fact that my Uni bursary goes in midmonth and tides us over until pay day again.

                  I just hate the months when we have birthdays and things to fork out for so have been trying to pick up bargains when I can for the pressie stash. We definitely think about where we're going in the car since we live rurally and will only go out if we can combine several errands into one day.

                  We just keep focussing that one day i'll be qualified and at the very least picking up bank nursing shifts so we'll have more money coming in.

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                  • #10
                    Re: Cost of living moan & WWYD if your outgoings exceeded your income?

                    We're in a very similar situation and it's feels so soul destroying DH earns good money but we are in an expensive part of the country and it goes nowhere. I've gone back to work last week from 10 months maternity leave and have lost hours and that coupled with nursery fees I just feel so despondent.
                    Anyway we've pared things back whilst I've been on SMP and I think my best saving has come from shopping at Aldi unfortunately all other things are already on your list.

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                    • #11
                      Can you get rid of/use a car less? Of course fuel has gone up but everyone forgets how much wear and tear costs. May be worth getting a bus pass?
                      Anything to be saved on holidays? If you have put down a deposit but it would be cheaper not to go (a common money mistake is throwing good money after bad).
                      We gave up eating out after Mr S was made redundant but I reckon we spend almost as much on takeaways
                      Do your kids do other clubs, and can any of them cut you a deal?
                      Can you sell on e.g. outgrown uniform, any old handsets? Anything in the loft you could sell?
                      Any benefits you might be eligible for?
                      Any way to get a better mortgage deal (this has been our saviour).

                      Comment


                      • #12
                        Re: Cost of living moan & WWYD if your outgoings exceeded your income?

                        Ditto what everyone has said, after all the bills have been paid there is pretty much nothing left at the end of the month.

                        Comment


                        • #13
                          Re: Cost of living moan & WWYD if your outgoings exceeded your income?

                          Same here. When Jack was a baby (six years ago) our spending habits were quite bad (e.g. buying clothes and toys new) yet now with Olive as a baby, everything is second hand and we barely go out, yet we are no better off

                          When it finally (if ever) gets better, we'll all be more savvy spenders I actually saved up some tokens from Esso to get a free cinema ticket, and DH and I are going to use it for a cheap night at the flicks next weekend - we're so excited - how sad is that!!!

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                          • #14
                            Re: Cost of living moan & WWYD if your outgoings exceeded your income?

                            Originally posted by clowe74 View Post
                            When I do the weekly shop I would go to asda first then go get the offers from aldi. Every week I would look and think I have just bought that in asda for a lot more s this week I went to aldi first then asda for the bits I couldnt get and managed to knock £40 off the bill, will definetly be doing this again
                            I do this too Clowe. Takes more time but definitely worth it

                            Comment


                            • #15
                              Re: Cost of living moan & WWYD if your outgoings exceeded your income?

                              Honestly I think you're doing what you can. You might try the MSE forums for tips on food shopping but, to be honest, I found it quite dispiriting. Everyone seems to enjoy scrimping and making a chicken last six weeks and it just made me want to cry. I don't think the savings you can make are HUGE in the long-term but it is helpful if you find yourself with only£20 to spend on food one week.

                              Partner and I have been brassic for about 3 years. I made huge cutbacks at Christmas and Birthdays. I do surveys online and collect Nectar points for Amazon vouchers and they paid for Son No.1's DS. We thought we might get rid of one car but it would mean severely limiting the work we could do. (First World Problems ).

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