I think you will do fine especially if you have $600 left over.
DF is the only one working atm and I'm expecting so he gets $700/week. Our rent is $360. So $340 is left for fuel for 2cars, bills and groceries a week. It's hard but we are doing it.
So I think $600 after rent for yourself and your child you should do fine.
I've got it set up so that our bills are slowly paid via automatic transfers every week so that it's easier to keep up and we don't over spend.
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15-07-2012 17:04 #11
15-07-2012 17:11 #12
$600 per week plus $800 a month sounds like a decent amount but i think you need to write down all your expenses. If childcare cost is expensive and you want to eat out then it will be very tight.
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15-07-2012 17:54 #13Junior Member
- Join Date
- Nov 2011
I'm also not entitled to any parenting payment, I will get some FTB but I'm going to try not factor FTB in my budget so that I can use it as savings or emergency money
17-07-2012 06:40 #14
So when you take out $250 for childcare out of your weekly $600 that leaves you with $350 & you get half of that back either as a quarterly lump sum or paid direct to centre; there's no reason why you can't live off $350 a week. You need a bit of a budget going to put aside a bit for things like the electricity bill- not sure what you spend but $25 a week more than covers it in our house. $100 in groceries more than covers it in our house; assuming that toilet training's happening and you're not going through as many nappies etc. It might mean that the spontaneous meals out etc don't happen as frequently but its certainly not looking too bad.
17-07-2012 07:13 #15
$600 a week in rent does soud crazy to me, but not relative to your income. $650-$700 per week for two people plus the extra $200 per week you'll get in CS is a great amount after rent.
DF and I pay $330 per week in rent out of our $700 per week income. That's 47% of our income on rent and very little left over. We make it work quite well though because we don't smoke or drink an don't update our clothes every season. We manage to live a lifestyle we deem relatively comfortable (though not luxurious.)
It can be done!
17-07-2012 07:42 #16
Oops, just realised this was in the single parents forum. Sorry!
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