Jump to content

Bills Bills Bills ! ARGH !


  • Please log in to reply
19 replies to this topic

#1 samoocha1991

Posted 16 February 2013 - 10:03 AM

Hi there,

Okay so we got paid this week $980.  Once our bills were taken out we had $100 left over.

Includes:

Phone/Internet
Ge money Card
Fuel - which adds up to $580 p/m as DH works out of town and cant be avoided
Water
Savings
Credit Card
Car Rego A/C
Home Loan Repayment
Rates
Electricity

This does NOT even include food, fornightly day care payments  We are in credit with all our utility bills though so im wondering are we spending a lot more then we should be? ....... we seem to be left short every week.

We are single income, dont smoke nor drink, have 2 DD's (3yrs, 4 months).


WHAT IS YOUR WEEKLY BUDGET ON BILLS?????



#2 Rachel70

Posted 16 February 2013 - 10:10 AM

Why if your budget is so tight are you in credit with your utilities??? That money just sits there, you don't save interest or get a discount from being in credit.
It would make more sense to have paid thar extra money into your home loan.

#3 ALittleBitter

Posted 16 February 2013 - 10:39 AM

1. Do some research and see if you can cut down your phone/internet bill. It doesn't hurt to ask your current provider if they can lower it for you.
2. Depending on how far in credit you are, yes you are probably putting too much money into utilities. Go through old bills and work out the average cost per fortnight/month, and put that money aside into savings each pay. At least you are then earning interest on the amount.
3. If you only have $100 left for daycare fees and food, I think you should put savings on the backburner for a while until you have more of your debts paid down and have some money freed up that way.

#4 Bart.

Posted 16 February 2013 - 10:54 AM

I've seen lots of people on this forum recommend being in credit with their utilities and I disagree with this method. Instead, I would open a high interest savings account and put the allocated money in there so YOU are earning the interest and not the utility.  It's not much, but that small amount of interest is effectively a discount.  

I would also continue to shop around.  Don't be loyal, you don't get rewarded for that.

Rego and rates are intermittent payments so try to alter your budget to put in more at certain times of the year when they're due.

That's all I can really suggest!

All the best. original.gif

#5 PatG

Posted 16 February 2013 - 11:14 AM

When you list Credit Card do you mean the full amount to get the balance to zero? If not then perhaps you should look at putting the savings towards this.  Find out exactly how much in credit you are with your utilities and cut back on that - that money is much better spent in paying off the CC if you are being charged interest there, or to your home loan (again cutting down interest costs) if you have a free redraw facility.

#6 Bearynice

Posted 16 February 2013 - 11:46 AM

Is it a regular thing that you only have a small amount left for food and child care? Or have you just received all your bills at once.
What we did was keep note of when bills came and how much they were for. Then tried to work out a rough weekly figure to use for bills. That way we could kind of predict when we would be getting our bills.

You would be better working out if credit card Or ge money card has higher interest. Put savings off those.

We have one wage and 2 small kids. We get similar pay to yours ( bit less) and we get centrelink money too. We budget big time. We give ourselves weekly spending money ( minimal!)

I can give you a run down of what we budget for bills etc. just send me a pm.

#7 Diana Moon Glamper

Posted 16 February 2013 - 12:01 PM

ETA: Our weekly bills are about $700 a week. This includes allowances for gas/electricity/rates/water, home loan, personal loan, insurance, car costs and childcare. I have 1 DS and we are single income as well.

I budget $100 (not included in the $700) for groceries.

My suggestion would be to stop paying your utilities in advance and put the money into your credit card. Pay the account from the card when it is due.

That way you will be reducing the interest you are paying and the extra will help you pay the card off faster.

Are you on an interest free promo with the GE card? If yes, pay what you need to clear it before it expires, if not make this your focus to get rid of (I would say above savings). If I recall correctly they have an interest rate of over 20%.

Edited by WinterDancesHere, 16 February 2013 - 12:06 PM.


#8 middle

Posted 16 February 2013 - 12:18 PM

hi, i am not sure if this is possible (depending on your state) but why dont you ring the ulities company and see if they will send you a chq for  your credit balance and that way you can keep paying your ultilies each fortnight. i know that it will take a couple of weeks for the chq to come and then clear in your account but you might be able to use this for your childcare fees/home loan repayment

i also notice that you had a home loan repayment. if your home loan is in advance why dont you look at withdrawing some of your extra repayment and put it onto the credit card. if you dont need the credit card when you make the lump sump payment ring and reduce the limit that might reduce your mim payment and also help you get rid of the card quicker

#9 eachschoolholidays

Posted 16 February 2013 - 12:25 PM

If you have a GE Money card, a credit card debt, and a home loan, I would not be putting into savings and keeping your utilities in credit.  You need to pay down your debt so that you are paying less interest.

#10 MarigoldMadge

Posted 16 February 2013 - 12:40 PM

Agree, if you are paying any interest on your credit cards, scrap savings plan, scrap being in credit on your utilities, just get to the point where you can pay your credit card in full each due date.

Any advance on your home loan, pull it out and pay down credit cards. Would really suggest dropping down to one card too...

We average $750 a week, once we add up all the utilities, rates, regos, phone, daycare, bank charges etc.

Re the high petrol bill - is there any way this can be reduced? A friend of mine rides 40km each way on a bicycle to his mates house in town, and pays a small fee for a lift with a co-worker the rest of the way... Has added so many $$ back to their budget - any hope of carpooling, or you driving him part of the way etc?

#11 *melrose*

Posted 17 February 2013 - 09:33 PM

QUOTE
It would make more sense to have paid thar extra money into your home loan.

Agree.

#12 ChunkyChook

Posted 17 February 2013 - 09:41 PM

I put $300 a week into an account and my mortgage, elec, water and gas get taken out weekly. The rest builds up and there is enough for rates at the start of the year, car and house insurance in the middle of the year and my rego just before Christmas. I have also used it for services and new tyres.

Could you do something similar? Obviously with different amounts as your expenses are higher.

I averaged out my bills so they are always in credit but only by a very small amount.


#13 Mischief Managed

Posted 17 February 2013 - 09:53 PM

Our weekly bills are squeezing less now we're not paying for daycare original.gif  We were being left with about $400 a month for groceries, petrol, rego, utils etc... it was hurting.

I can recommend a service that helps you with your budget; and from memory it was less than two hundred dollars - PM me if you'd like the name (not sure of the rules on EB)

Wishing you the best of luck original.gif

#14 Expelliarmus

Posted 17 February 2013 - 09:59 PM

Pay out the GE Money card and get rid of it. ASAP. Why would you have a card with 29% interest when money is that tight? Don't worry about being in credit with your utilities, in fact you could be behind in them for a while (SHORT TERM ONLY) - you can do payment plans with them to stop being cut off - and get rid of that GE Money debt. Even if you are in the interest free period right now it's money you don't have and you need to stop spending money you don't have. If it's not paid off in interest free it'll cost you big. Save up for whatever it is you have been putting on there next time.

#15 IShallWearMidnight

Posted 17 February 2013 - 11:18 PM

QUOTE (Bart. @ 16/02/2013, 08:54 AM) <{POST_SNAPBACK}>
I've seen lots of people on this forum recommend being in credit with their utilities and I disagree with this method. Instead, I would open a high interest savings account and put the allocated money in there so YOU are earning the interest and not the utility.  It's not much, but that small amount of interest is effectively a discount.  

I would also continue to shop around.  Don't be loyal, you don't get rewarded for that.

Rego and rates are intermittent payments so try to alter your budget to put in more at certain times of the year when they're due.

That's all I can really suggest!

All the best. original.gif


Same here. We have two accounts, one for quarterly bills the other for annual, and put away $x/26 every fortnight(rounding up each FN in case its more than expected) I leave the interest in there just in case of an unexpected bill (its only $100 a year)
We also shop around for insurances every year which saves quite a bit.
Your fuel bill is a huge chunk, we live out of town, and only spend $50 a week between two cars (12 round trips a week) is your car fuel efficient? can you change to one that uses less fuel?


#16 naturalgoodness

Posted 17 February 2013 - 11:25 PM

QUOTE
I can recommend a service that helps you with your budget; and from memory it was less than two hundred dollars - PM me if you'd like the name (not sure of the rules on EB)


If you can't work it out yourself, please DO NOT take the advice of the person above, but go and see a Financial Counsellor who can help you with budgeting for FREE. This service is not only for people in financial trouble, but can assist with working out short term money plans, calculating bill amounts, looking at addressing credit debts and how to tackle them. You can look them up in your state. You should not have to pay to have someone assist you with a budget. original.gif

#17 MissButtercup

Posted 18 February 2013 - 09:26 AM

In the short term to help you out of a bind do you have anything that you could sell (ebay, garage sale, facebook buy sell and swap pages in your area) to pay down some of your debts? Eg.. Old baby stuff like jolly jumpers, baby bath, clothes or books, CDs, DVD's? Unwanted birthday/Christmas presents? Anything really that's sitting around that you don't use? You might be surprised what you can get for stuff. We bought a tent from eBay for $180, never used it and sold it on for $300! Now we were pretty lucky to make a profit but you might be able to turn your unwanted 'stuff' into cash.

#18 MadyFez

Posted 18 February 2013 - 08:11 PM

QUOTE (howdo @ 17/02/2013, 10:59 PM) <{POST_SNAPBACK}>
Pay out the GE Money card and get rid of it. ASAP. Why would you have a card with 29% interest when money is that tight?


Not all GE cards charge the 29% interest if you use them correctly.

The OP didnt say how much interest was being charged at all.

We have had a GE card for over 10 years and never once paid a cent of interest.

#19 *maddierose*

Posted 18 February 2013 - 09:17 PM

Could you consider not using daycare whilst you get debts paid down?


#20 Expelliarmus

Posted 18 February 2013 - 09:20 PM

QUOTE (Verurtle @ 18/02/2013, 08:11 PM) <{POST_SNAPBACK}>
Not all GE cards charge the 29% interest if you use them correctly.

The OP didnt say how much interest was being charged at all.

We have had a GE card for over 10 years and never once paid a cent of interest.

Same here. But we did not start using it at all until we had the money to pay into it every month to pay it off in the interest free period. When we were on one income we certainly didn't use it as then you are bound to the contracts and either pay the money in or pay interest. If you save up for your wants instead, you are never obligated to make a payment and on a tight week can skip or lower the amount.




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

 

The popular baby name from the Rio Olympics

"With a pair of athletes who are not only successful, but seen as great role models – combined with a softer sound – it is like hitting the jackpot."

Toy stuck in baby's throat for two weeks

When Jude Atiga's baby son Laith was struggling to breathe the worried mum called an ambulance.

Mum awarded $20 million over birth power struggle with nurses

As a mother of three, Caroline Malatesta thought she knew what she was letting herself in for when it came to the birth of her fourth baby.

Win a Baby Jogger City Premier for Father's Day

To celebrate Father's Day, one lucky EB fan will win one of their own! Enter Now!

'There's a giant picture of BOOBS but I can not feed my child'

A mum was ushered out of an US department store's underwear section after discreetly breastfeeding her baby.

Why fatherhood scares many dads-to-be

Travis Bull vividly remembers discovering his partner was pregnant for the first time.

Free ticket offer

Pinky Mckay joins us again at the Essential Baby & Toddler Show presented by Blackmores with her expert baby settling advice. Register now for your free ticket.

Warning for pregnant women as flu-related deaths triple

A more than three-fold increase in flu-related deaths has sparked a plea for those with the flu to stay away from vulnerable people.

I'm trying to keep my child-free friends in my life, but it's tough

I tried to prove to my single friends that I was the same I'd always been. But marriage did change me - and motherhood has, too

For the festival lover in all of us

Pre-book & Save 50%. Get your tickets now for Kidtopia Festival. 7-9 October 2016 Parramatta Park, Sydney.

Too many parents still putting babies in unsafe bedding: study

A study found that a whopping 91 per cent of four-week-old babies had been placed in cots with unsafe bedding.

Mum's shock as toddler fat-shamed by internet trolls

When a mother uploaded a cute photograph of her 14-month old child online, she did not expect a swarm of internet trolls to write that her toddler was fat.

How an Aldi staff member made one exhausted mum's day

It was a simple act of kindness, but one that made an exhausted mother's day.

The most awww-worthy celeb baby pics of the week

It's been a pretty cute week on Instagram in terms of celebs relishing their babies.

When 'Just Do It' just doesn't cut it

When even Michelle Bridges admits to struggling with her exercise regime, it's time to accept that having small children can be a legitimate reason for exercise not happening.

What life is really like when you have five kids

Life is cute with one, manageable with three, but at times completely impossible with five.

When no one can pronounce your baby's name

In Wales it's a common name, but over here, it's cause for some confusion.

Dad shares horror tale after Roomba's run-in with dog poop

It's the poop story that's been shared hundreds of thousands of times around the world.

How a homemade wheelchair is giving baby Evelyn freedom

Like all one-year-olds, Evelyn Moore is keen to get moving and explore the world around her. But a battle with aggressive cancer left the little girl paralysed from the waist down.

Single to double pram that folds with seat attached

A pram is a large purchase, and you only want to buy once.

Mum-to-be surprises husband with big news in joy-filled photoshoot

When Bri Dow learnt that she was expecting, she immediately knew she wanted to break the news to her husband Brandon in a special way.

Blake Lively: 'Post-pregnancy slim down pressure is so unfair'

Blake Lively has urged women not to feel pressured to lose weight after pregnancy.

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

What's hot on EB

For the festival lover in all of us

Pre-book & Save 50%. Get your tickets now for Kidtopia Festival. 7-9 October 2016 Parramatta Park, Sydney.

Why drinking water can be deadly for babies

H2O is one of the necessities of life, but for babies a seemingly harmless amount of water can be fatal.

5 ways having a baby is different when you have older children

So much parenting advice is geared towards having your first baby, but what's it like having a baby when you already have children?

You can now make your own plush Falkor

Fans of The NeverEnding Story – of which there are certainly plenty – went crazy for these plush Falkors when they first went on sale last year.

Baby steps

10 things that will actually happen after having a baby

I thought I had prepared myself for motherhood. Then my baby girl arrived and knocked everything flat.

Having a baby: expectations vs reality

People love to warn you about what to expect when having a baby, but they can be way off when it comes to the reality.

Are we having fun yet? Thinking positively as a parent

Motherhood is wonderful ... except when it sucks.

The adorable smile of a baby seeing his mum clearly for the first time

There is no doubt seeing their child smile for the first time is an unforgettable moment for parents everywhere.

When breastfeeding doesn't go with the flow

Breast is best, except when it's not. And in our case, it most definitely wasn't.

'If you don't vaccinate your kids you're a bloody idiot'

The photos are heartbreaking and almost too difficult to look at, but Kayley Burke is begging other parents to take notice.

Why pregnant women should eat chocolate

In news that will make expectant mums jump for joy - and reach for a block of Cadbury - scientists have revealed chocolate could provide health benefits during pregnancy.

The baby born with an incredible head of hair

If you're in any way challenged in the follicle department, prepare to feel a jolt of envy - at a two-month-old baby.

The push for Medicare to fund lactation consultants

While meeting with a lactation consultant can make an enormous difference to a new mother, it's not a service that is available through the public health system.

Parents, this is how to cut grapes to avoid choking

One mum has learnt a harrowing lesson about the best way to cut grapes to make it safe for toddlers and little kids to eat.

Three truths about C-section mums

Lately I've been thinking about the caesarean stories and the brave women who birth their children with strength and beauty.

Help! My baby will only sleep in my arms

It's stressful to be the one who is holding your baby most of the day, but it's even more stressful to wonder, 'am I doing something wrong? Or am I creating bad habits?'

 

ENTER NOW

Win one of two Father's Day Gift Packs

Sign up to receive our new Essential Kids announcements emails for a chance to win.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.