#Millennial money moves how to#
#Millennial money moves full#

My salary is most certainly enough for one person but not two. If no to the above, what amount do you think you would be comfortable on? Now my husband is earning more it feels more comfortable and when I return to work and he has a permanent job then yes I expect we will be comfortable. Mainly because I have been the sole earner in my marriage for many years. Do you feel that you can live “comfortably” on your current salary?įor me, no. When I go back to work we should be able to save most of my husband’s income (he is working as a supply teacher but will hopefully get a job soon.) So around £800/ month. When we have saved the house deposit I then plan to invest. This time we are saving for a house deposit. When I go back to work our priority will be paying off the debt we accrued this last year and then we will go back to saving. We did save before deciding to have a baby. I don’t currently as I’m on maternity leave. We hope to move house in the near future so we will need to decide what’s best for the car- paying it off as a priority or selling and leasing for example. Everything but the sofa will get paid off quite quickly when I go back to work. Are you paying this off and if so, how much each month? We had the cash for each but as I was on maternity leave and my husbands income is unreliable it felt safer to use credit and pay these off when I go back to work. My husband needed the laptop to apply for jobs/ for work and we needed a sofa as our old one was ruined. However I regret this now and think it wasn’t the best option for us.

#Millennial money moves how to#

We deliberated on how to Best Buy a car and decided to get a bank loan. I used to have just one and would spend money before all bills were paid and it was very stressful. Food shopping money goes to another, petrol goes to another pot and then we each have spare money that goes to our separate accounts. We get paid into one where all direct debits then come out of. Unfortunately I accrued a lot of debt in the mean time. I learnt about how to budget and how to actually manage money myself from books and the internet.

It took until I had been working a few years to actually start to live within my means. My family would often bail me out at university. As a result I had no idea how to live within my means. My dad and grandparents are also very generous so there was always more money available to me. They also spent a lot of money on treats, meals out and holidays. My parents always seemed to have a lot of money when I was growing up. What money habits did you pick up from your parents (good or bad)? It also makes me feel like the parent in our relationship, always saying no we can’t buy that.

I’m in charge of our family finances and try to be frugal and on top of every penny we spend but sometimes it’s exhausting. As a result I’ve felt like, despite earning well myself, we haven’t had enough money for that entire time. He has graduated but is yet to get a permanent job.

#Millennial money moves full#

My husband left his full time job 6 years ago to go to university full time and train for a new profession. How would you describe your relationship with money?Ĭomplicated. Currently on statuatory may pay of ~£151/weekĪny other income sources: My husband works Occupation: Teacher currently on maternity leave