We were so cool… so calm… so sure. And then WHOOP! We lost one of the sources for savings that we had planned.
That isn’t to say we still won’t have savings, but this is a rather substantial chunk out of it. Enough to make us take pause and see if we can still do this move in the next 14 months.
We need to evaluate the minimum we (as a family of 4 or 5) will need to live on each month, and how many months we need to save for a reasonable safety net till employment can be found. What is reasonable to for a family our size?
What we figure (UPDATED per counsel from the amazing people on the BE forum)
600 – rent
100 – council tax
50 – water/sewage
150 – electricity/gas
70 – cell phones (2 phones)
50 – internet
15 – TV licence
50 – insurance on our stuff?
30 – charity shop clothing
600 – food (for 4 or 5)
100 – transportation (one bus pass for Hunny, occasional trips for the rest of us)
£1815 per month. still leaves us almost £200 in “misc” money a month if we can clear £2000 a month.
Things payable up front (and then I guess saving for throughout the year might be the bus pass, and the TV licence – first payment to come out of our savings) PLUS we’ll be buying basic furniture when we arrive (nothing fancy, I assure you!)
Now, with NO debt to pay at all (we’ll be paying all our debt off here before we pondhop, and living frugally.) At the tax calculator it says that we will need a salary of £31,500 to get by. No idea if that is reasonable for my Hunny or not… how on earth do we find out?
Any feedback? Please?