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 FeralDancesHere

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 haras1972

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 Feralishous

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 Verurtle

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.




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

Special offer: The Baby & Toddler Show 2014

At The Baby & Toddler Show, you?ll find everything you need to get ready for your new arrival and guide you through the early weeks and years of parenting.

An open letter to Tony Abbott: please salvage our super

We face financial ruin, but most of us don?t realise it. If we don?t act together to salvage our superannuation, I have no doubt the new GFC will be the Girls? Financial Crisis.

'I'm happy to know I'm changing lives': surrogate mum of two

I know that once the baby is born, I will focus on the gift I have given, and watch the parents with their new child. I can't wait for that day.

Birth trauma and the issue of informed consent

There is a perception that women should just be happy they have a healthy baby in their arms. But for women who experienced birth trauma, there's a lot more to it.

Tips for managing pollen allergies and hayfever

They're simple tips, but they can have a big impact on those who suffer from hayfever and pollen allergies.

Ada Nicodemou shares tribute to her stillborn baby

Just over one month since Ada Nicodemou and her husband lost their second son, the Home and Away star has shared a touching poem for her baby.

Mum causes stir breastfeeding on train

?To the woman breastfeeding her kid on the train. Seriously! On the train?" began the letter of complaint.

10 things they don?t tell you about being pregnant

As I slowly waddle my ever-changing pregnant body towards the finishing line of my due date, it?s becoming increasingly clear there are a lot of things they just don?t tell you about pregnancy.

Overcoming a fear of the dark

A toddler's fear of the dark is very normal, but there are ways parents can help children through this stage in their development.

Kids, TV and movies: how young is too young?

It seems you don't have to throw the TV and iPad out the window - it all boils down to moderation, supervision and interaction.

Video: Baby's first birthday is a special day for mum, too

?A baby?s first birthday is also mum?s first birthday.?

The day Supernanny came to tea

Prince William's favourite celebrity child trainer Jo Frost puts Bryony Gordon and her toddler through their paces.

Tales from the homefront

When you're at work you sort of assume that your house is basically just sitting there quietly doing nothing until you return. However, since spending my days at home, I've learned this couldn't be further from the truth.

The words I hated hearing as new mum

It was less than a week after my son was born that I first heard it - from my mother.

To the pharmacist who sold me baby formula

On the rare occasion I catch sight of you at school, or around town, I think back to our earliest exchange. I?m sure you have no recollection of it at all.

Babies may benefit from autism therapy

Children showing signs of autism don't usually receive early intervention until well into toddlerhood or later, but a new study suggests infants with symptoms of the developmental disorder might benefit from therapy from as early as six months.

Knatalye and Adeline born with an everlasting bond

Knatalye Hope and Adeline Faith are a lot like any other identical twin girls, but there is one dramatic difference: they're joined at the chest and shares several internal organs.

The question this dad wishes he'd asked his wife

I should have seen that my wife wasn't the same person I'd fallen in love with, but we were both too focused on simply trying to get by.

Why we should talk about the deaths of the Hunt children

The deaths are too horrible even to think about. Yet we owe it to the children - Fletcher, Mia and Phoebe Hunt - to think long and hard about it all.

Baby dies of meningococcal weeks after vaccine application denied

A six-month-old girl has died from meningococcal disease just weeks after an application for government funding of a vaccine for the most deadly strain of the virus was rejected.

Finding the right balance when playing with your kids

Being too involved in our children?s play and not allowing our kids enough free time for unstructured activities can mean our kids miss out on the value that play offers.

Creative DIY light shades

The Pop Light light shade comes in a flat pack already made - it's up to you to design it as you'd like.

The battle of iParenting versus imagination

Have we forgotten how to be imaginative, resourceful parents?

Why movement is so important for your baby's growth

Letting your child move as much as possible in the early years ? using all senses, engaging in the real world, preferably outside ? will help them grow up healthier, smarter, calmer and stronger.

Download now: Essential Kids Activity Finder app

Got bored kids? Quickly find the best activities for kids wherever you are in Australia with the Essential Kids app.

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

What's hot on EB

Special offer: The Baby & Toddler Show 2014

At The Baby & Toddler Show, you?ll find everything you need to get ready for your new arrival and guide you through the early weeks and years of parenting.

Losing yourself to motherhood

While watching your baby grow into a unique little person is exciting and wondrous, the intensity of meeting everyone else?s needs can ever so sneakily overtake your own needs for self-care.

Tearing during delivery: the facts

Almost all women will experience bruising, grazing or tearing after a vaginal birth. Depending on the degree of tearing, there are various treatments available.

6 tips for a day out with a baby and toddler

Outings can be lots of fun with the kids, but there are inevitable challenges. Here's some information about days out to help you be a little more prepared.

Why I invited a dozen people to watch my son's birth

I sent invitations on burgundy scrapbooking paper stamped with a field of poppies, and told each person why I wanted him or her there. I warned that there would be nudity.

Getting labour started: tips for a natural induction

When your baby?s due date comes and goes without so much as a pop - let alone a bang - it can be disheartening. Mums and a doula share their stories of natural inductions.

7 mistakes old hands make with new babies

As I sat across the table from my friend ? me, a seasoned mother of three; her, a brand new mum ? I thought of all the mistakes an old-hand parent can make when visiting a newborn baby.

That's my boy: a dad's diary of the first 4 months

Unbearable anxiety, unspeakable joy, constant exhaustion and bouts of frustration ... The many shocks of first-time fatherhood resound in a dad's diary of his son's early months.

One of the most important things a new mum can do

Finances may not be as cute as a newborn, but with many women?s working arrangements changing post-baby, monetary matters need attention too.

Baby survives five days alone

He lay with his mother for up to five days after she died of a suspected drug overdose - and survived.

Personalised baby gifts

We've scoured the internet to find gorgeous personalised keepsakes and nursery decor to record baby name and dates. They make great gifts for christenings, name days and birthdays! (All prices in AU.)

 

Reader offer

2 FOR 1 TICKET OFFER

For Shopping, For Advice, For Baby & You. Enjoy a special day out with fabulous shopping from over 200 brands, leading parenting experts offering advice on a range of topics, and amazing children?s entertainment

 
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.