New here and need advice desperately

MrMan said:
Leaves you with €2569 for bills food and sundry which doesn't sound bad at all.
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As part of the spending diary, you need to accuratly account for the costs associated with the taxi work.

Additional insurance, petrol, cleaning etc. etc. etc.

You say €900 to €1000 a week income, when the costs are taken away the take home pay (or profit) might/would be a lot less (unless this is already built into the figure).

The mobile phone bills are very high. Obviously how you deal with this will depend on how tied in you are to the contract. Switching to PAYG (as previously suggested) would reduce this. If you can both stay on one network (Meteor, Vodafone etc.) you might get additional savings for calls to each other (check where the majority of calls are being made... specific networks, landline calls etc. and pick a network to provide the greatest savings for these calls).

Agree with most of the advice above. Your situation isn't really bad (it's one you can get out of given some time and discipline), just hard to see light at the end of the tunnel when you're in the situation.
 
Ah, DH = Dear Husband, though to be honest I've seen it all over the internet, for years before Magicmum was set up!!
 
Hi
Who is minding the 1year old
Who will mind the 2 children when you return to work?

Have 2 under 2 myself and childcare ain't cheap
 
Pay as you go phones from O2. If you got say the "Friends Early Bird" package and your partner got the "Friends Night Owl", list each other as one the numbers that you wish to call for 1 cent a minute. That way you make the phone calls to him during the day at 1 cent a minute and he makes the calls to you at 1cent a minute in the evenings. (If he has to ring you during the day disconnect his call and ring him back so it only costs 1 cent a minute and vice versa). Ye've just got to top up by €20 a month.
 
mY ADVISE WOULD BE TO REMORTGAGE AND GET RID OF ALL LOANS ON THE MORTAGEG YOU WILL SAVE MONEY
 
blanc said:
mY ADVISE WOULD BE TO REMORTGAGE AND GET RID OF ALL LOANS ON THE MORTAGEG YOU WILL SAVE MONEY
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Remortgaging could acutally cost more if an person ends up paying what would normally be shorter term debts at a higher rate over a couple of decades albeit at a lower rate. You need to keep an eye on the total cost of credit and not just the ongoing repayment amounts.
 
We did try and go down the re-mortgaging route but because our mortgage is so high its not an option, we've borrowed to our limit already, even with some of the not so popular lenders. We would have liked this option as it would help us in the short term and then long term when we have our loans finished we could renegotiate our mortgage terms again to suit us. Does anyone know anywhere that may be an option to us? Plus we have to bear in mind that my partner has only recently gone out on his own as a taxi driver, so doesn't have payslips etc.???
 
Ive never had a pay as you go phone, and thats mainly because of the price per call. Before you decide to switch, work out exactly how much its costing you. Your contract phone may work out cheaper. Pay as you go are great if you are disciplined and only use them to receive calls or only make calls that are strictly necessary and keep calls as short as possible. Also, if you have the Internet, use Skype (www.skype.com) for phonecalls. I deposited €10 in june 2006 and still haven't used it all up. I had a 3 hour call to the UK which cost under €4. Also, see if you can interest free loan from your parents
 
A quick question Amy, what does your partner/husband do? Does he have a full time job in addition to the taxi work? Where does his 900-1000 pw come from?
Also for mobiles, the likes of 3 mobile offer extremely good contract deals.
 
Glenbhoy, my partner just drives a taxi and that is his pay (usually) per week. However, he does have to subtract petrol money etc from that, why do you ask?
 
amy1plus2 said:
Glenbhoy, my partner just drives a taxi and that is his pay (usually) per week. However, he does have to subtract petrol money etc from that, why do you ask?
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Okay, what I'm interested in is whether or not you've included the tax that he'll have to pay when you say is take home pay is 900-1000 p.w. I'm presuming that he's self-employed from the information you've given us, if you've already deducted a percentage for tax that's fine, if not, yous had better start budgeting for it.
I'm also assuming from the info you've given that he only started recently started. If you can just clear up what he's been doing pre-taxi driving (if applicable) and what his tax situation currently, we can probably be more helpful (not trying to be too intrusive here, but it helps with to have full picture).
 
amy1plus2 said:
But its just the unforseen things that constantly seem to catch us, like say a night out or our bills for hospital, with having the baby, approx 2000euro total.
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THis suggestion may be too late, but perhaps you should consider going public with the baby. I know one extremely comfortable couple who swear by the benefits of the free public midwife-led service in Greystones.
 
Folks, not wanting to hijack the OP's thread, but what are domino midwives and what is the free public midwife-led service? Thanks in advance, apple1
 
I have read this post and replies with interest. I agree that you need to down size your outgoings. We did this last year and were able to free up enough cash to send twins to preschool for next two years. (im not kidding). start, with utilities and be ruthless, then look at the GROCERY outgoing, maybe you need to 'spend a little and live alot' and change food retailer (cant mention names, must abide by the site rules) you will save alot by doing just this. Re think your priorities, down size cars perhaps? Look at clothes spend (maybe embargo yourself and hubby on clothes shopping) kids stuff in penneys is fab and most fashionistas (ejitts!) dont know where you got the stuff anyway. Take the Eddy Hobbs route and get a notebook and write down your spend.... This worked for our family.
 
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