otokx:
You guys sending money to Nigerians in Nigeria are not really helping the situation back home.

Haaa enemy of progress spotted

Hmmm you dont know what's linked to the money spent to naija. Not talking about people wanting money for naming ceremony o...

imconfused:
Bills from Nigeria
150k pcm for both families
School fees for family -550k pa
120kpa part salary gatemans
Cousins,siblings money.by the side -cannot even calculate this one.

So it mounts up like crazy..

We have decided to arrange our finances to allow us make our own investments if not we keep giving out and end up having nothing.

Have landed property,not many.We have decided to build in 2018..so will have to lock up

Just ordinary visit ran into hundreds of thousands cos the things to do to keep our families comfortable were too much..we were so relieved when our holiday ended.

I'm grateful that we are not poor and are able to manage ourselves and keep family happy but the bills are back breaking..

I wonder how other people cope and are able to build so fast and have tonnes of investment.

We have arranged meeting with financial adviser in January .
Is there a thread here for people with families..my problems will seem wierd for a single person.

The main thing is to just settle down properly seems you are in a rush ....saving for a mortgage and building in Nigeria all in one year might be a bit too much esp with childcare cost etc but then again na you know your pocket

DisGuy:


The main thing is to just settle down properly seems you are in a rush ....saving for a mortgage and building in Nigeria all in one year might be a bit too much esp with childcare cost etc but then again na you know your pocket

We have saved up an ok amount (over 80k) for deposit.so we now want to leave it and then focus on building in Nigeria.

To be honest we are confused(just like my name).Feels like we are in a huge spin with no concrete plan.

Whether to keep on saving and focus on buying this year or to just split our money and do the 2.The pressure is intolerable

imconfused:


We have saved up an ok amount (over 80k) for deposit.so we now want to leave it and then focus on building in Nigeria.

To be honest we are confused(just like my name).Feels like we are in a huge spin with no concrete plan.

Whether to keep on saving and focus on buying this year or to just split our money and do the 2.The pressure is intolerable

Look into help -to -buy scheme by the government and use half of the saving to stabilise yourself.

Bills

Rent-£1k
Council tax-£250
Electricity&gas-130
Fuel-£300(distance to work is far)
Train(£250)
Life insurance-105
Income protection- £40
TV license-12
Grocery-400( could be more)
Swimming class -105 for 5 lessons
Football(child)-58 for a block
Nursery-500( when family around)
ISA for kids-£100
Stocks for kids-£200
TV& internet- 44
Nanny-£800 when family not around
Haircut-£30
My own hair-£60-100 plus manicure&pedicure
Eating out-£100 (depends on what's happening)
Outings -£100(soft play,zoo & co)
Church offerings-£100-200
Charity foodbank-£50
Miscellaneous just incase of wahala-£100
Pocket money-300(150 for each of us)

Saving up for holiday-£100-200

Investment -£500pcm
Nigeria maintenance-xpcm

Saving-10% of income.
MOt,servicing,car tax, insurance- once a year


I know there are areas to cut down though before wahala bursts.
We both combine our income and work from one pot.

wonlasewonimi:


Look into help -to -buy scheme by the government and use half of the saving to stabilise yourself.

Thanks ..this is definitely what we will do.hope to buy 2018 for sure so we can rest.

imconfused:
Bills

Rent-£1k
Council tax-£250
Electricity&gas-130
Fuel-£300(distance to work is far)
Train(£250)
Life insurance-105
Income protection- £40
TV license-12
Grocery-400( could be more)
Swimming class -105 for 5 lessons
Football(child)-58 for a block
Nursery-500( when family around)
ISA for kids-£100
Stocks for kids-£200
TV& internet- 44
Nanny-£800 when family not around
Haircut-£30
My own hair-£60-100 plus manicure&pedicure
Eating out-£100 (depends on what's happening)
Outings -£100(soft play,zoo & co)
Church offerings-£100-200
Charity foodbank-£50
Miscellaneous just incase of wahala-£100
Pocket money-300(150 for each of us)

Saving up for holiday-£100-200

Investment -£500pcm

Saving-10% of income.
MOt,servicing,car tax, insurance- once a year


I know there are areas to cut down though before wahala bursts.
We both combine our income and work from one pot.

What kind of house are you living in that you are paying £250 for council tax?
I have been cutting my hair myself for more than 15 years
You dont need £44 for sky tv--buy a freeview box and subscribe to netflix
how can you spen £300 on fuel and £250 on train
Church offeringsPastor's got something on you?
Grocery £400...garden of eden beckons
Your hair? I thought you ladies wear wig these days?

wonlasewonimi:


What kind of house are you living in that you are paying £250 for council tax?
I have been cutting my hair myself for more than 15 years
You dont need £44 for sky tv--buy a freeview box and subscribe to netflix
how can you spen £300 on fuel and £250 on train
Church offeringsPastor's got something on you?
Grocery £400...garden of eden beckons
Your hair? I thought you ladies wear wig these days?

Yes council tax here is £250 massive increase from what it was.
Freeview children channel limited.
Dh even has Netflix ontop I forgot to add that one,he insisted on Netflix for himself
We are a family of 4,plus nanny or family(2 people sometimes),so sometimes we re 6 people so grocery bills is high
We go give offering naa-its not tithe
I no get wig,hair sometimes can be once in 6 weeks or 2 months.
We are two people -one person drives to work,the other takes a train..our jobs are in different places.
We have to look into cutting hair ourselves

Will have to find a better deal on the sky or something,I'm just hoping to settle down properly and start cutting down bills heavily.Im so ashamed of our expenditure but they all seem like necessary evils for now..have tried many times to cut down but it seems we are getting worse.
We don't have any debts though ,don't use credit cards much except to do small purchases to boost our credit ratings ,we pay back immediately.

Your electricity and gas cost is too high. Try to change supplier every year. Go through uswitch and check for cheaper deals. If you register with topcashback, you can even get up to £70 cashback for changing to cheaper deals.

Your life insurance cover seem to be too pricey, we have cover for my whole family including serious and critical illness for about £50.

Swimming class cost can be cut down. Check for council life centres. They are usually about £30 per month for once per week class.

If your kids are skilful in football and you are sure they will be future Kevin de Bruyne or Messi, then the football cost is a good investment. Atleast you will be sure of retiring early.

imconfused:
Bills

Rent-£1k
Council tax-£250
Electricity&gas-130
Fuel-£300(distance to work is far)
Train(£250)
Life insurance-105
Income protection- £40
TV license-12
Grocery-400( could be more)
Swimming class -105 for 5 lessons
Football(child)-58 for a block
Nursery-500( when family around)
ISA for kids-£100
Stocks for kids-£200
TV& internet- 44
Nanny-£800 when family not around
Haircut-£30
My own hair-£60-100 plus manicure&pedicure
Eating out-£100 (depends on what's happening)
Outings -£100(soft play,zoo & co)
Church offerings-£100-200
Charity foodbank-£50
Miscellaneous just incase of wahala-£100
Pocket money-300(150 for each of us)

Saving up for holiday-£100-200

Investment -£500pcm
Nigeria maintenance-xpcm

Saving-10% of income.
MOt,servicing,car tax, insurance- once a year


I know there are areas to cut down though before wahala bursts.
We both combine our income and work from one pot.

dupyshoo:
Your electricity and gas cost is too high. Try to change supplier every year. Go through uswitch and check for cheaper deals. If you register with topcashback, you can even get up to £70 cashback for changing to cheaper deals.

Your life insurance cover seem to be too pricey, we have cover for my whole family including serious and critical illness for about £50.

Swimming class cost can be cut down. Check for council life centres. They are usually about £30 per month for once per week class.

If your kids are skilful in football and you are sure they will be future Kevin de Bruyne or Messi, then the football cost is a good investment. Atleast you will be sure of retiring early.

Hahahaha at the football & retiring...I wish
That £58is just one person &council run.
We did the council swimming but the child was just not concentrating and would be busy playing about so we pulled out and went private,it was £58 for one block(council)

Thanks for your suggestions..I will definitely shop and switch for electricity & life insurance..

Not much to do today so lounging at work and Nairaland

OMG!!!!

wonlasewonimi:


Helloooo, because you want to walk na.ked you go and rent a flat for £800pm?

If you live in an hmo, lock you room and walk around with raging erectionn nobody cares..you will save £400pm and that would give multiple erectionnns lol

imconfused:
Bills

Rent-£1k
Council tax-£250
Electricity&gas-130
Fuel-£300(distance to work is far)
Train(£250)
Life insurance-105
Income protection- £40
TV license-12
Grocery-400( could be more)
Swimming class -105 for 5 lessons
Football(child)-58 for a block
Nursery-500( when family around)
ISA for kids-£100
Stocks for kids-£200
TV& internet- 44
Nanny-£800 when family not around
Haircut-£30
My own hair-£60-100 plus manicure&pedicure
Eating out-£100 (depends on what's happening)
Outings -£100(soft play,zoo & co)
Church offerings-£100-200
Charity foodbank-£50
Miscellaneous just incase of wahala-£100
Pocket money-300(150 for each of us)

Saving up for holiday-£100-200

Investment -£500pcm
Nigeria maintenance-xpcm

Saving-10% of income.
MOt,servicing,car tax, insurance- once a year


I know there are areas to cut down though before wahala bursts.
We both combine our income and work from one pot.

Amaze balls

imconfused:


Yes council tax here is £250 massive increase from what it was.
Freeview children channel limited.
Dh even has Netflix ontop I forgot to add that one,he insisted on Netflix for himself
We are a family of 4,plus nanny or family(2 people sometimes),so sometimes we re 6 people so grocery bills is high
We go give offering naa-its not tithe
I no get wig,hair sometimes can be once in 6 weeks or 2 months.
We are two people -one person drives to work,the other takes a train..our jobs are in different places.
We have to look into cutting hair ourselves

Will have to find a better deal on the sky or something,I'm just hoping to settle down properly and start cutting down bills heavily.Im so ashamed of our expenditure but they all seem like necessary evils for now..have tried many times to cut down but it seems we are getting worse.
We don't have any debts though ,don't use credit cards much except to do small purchases to boost our credit ratings ,we pay back immediately.

is that 80,000 pounds savings?? Really impressive

Falzdbadtguy:



Amaze balls

Remember this is a family of 4 ,5 peeps.when we add the extra person who helps with childcare

Have been here almost 8 years,target is 100k ,most will go to deposit for house ..you saved 11k in one year,if you continue this way you will save much more as long as you don't throw in kids to the mix.
However your income will increase with time,if your partner works and you keep expenses down,you will save more.

imconfused:

Remember this is a family of 4 ,5 peeps.when we add the extra person who helps with childcare

Have been here almost 8 years,target is 100k ,most will go to deposit for house ..you saved 11k in one year,if you continue this way you will save much more as long as you don't throw in kids to the mix.
However your income will increase with time,if your partner works and you keep expenses down,you will save more.

why haven't you taken a mortgage earlier. Wouldn't you have saved some of the rent you've been dashing a landlord? My friend recently got a mortgage with about 21k deposit for a 4 bed house . He lives in Leicester sha.

imconfused:

Remember this is a family of 4 ,5 peeps.when we add the extra person who helps with childcare

Have been here almost 8 years,target is 100k ,most will go to deposit for house ..you saved 11k in one year,if you continue this way you will save much more as long as you don't throw in kids to the mix.
However your income will increase with time,if your partner works and you keep expenses down,you will save more.

At this rate, you could outrightly buy a house sef

Falzdbadtguy:


At this rate, you could outrightly buy a house sef

Maybe they want to buy the Buckingham palace you don't know!

Falzdbadtguy:


At this rate, you could outrightly buy a house sef

Complicated..we were moving around a lot,one final move and we will buy.to buy in a place with good schools will cost over 400k

So the UK govt gave a colleague 20,000pounds just to become a GP in some village, and the guy bought this....if he has 80k, he'd probably buy a ferrari. Nice discipline

Falzdbadtguy:
So the UK govt gave a colleague 20,000pounds just to become a GP in some village, and the guy bought this....if he has 80k, he'd probably buy a ferrari. Nice discipline

His biz

imconfused:


Which other options are there?
Parents maintenance, grandparents maintenance
Siblings fees Uni
Close cousins who need cash as they are job hunting
Money to help out siblings in a jam
Staff with parents salaries
Jobless close friends cash once in a while
Repairs at home where parents live

It is endless..is there really a choice??

Looool!!

Endless father Christmas...and you wonder why you're not able to save?

Everyone has a choice but I guess your choice is to carry everybody's problem and add it to yours...good luck!

Out of all those people you listed up there that you're sending money to I will exempt your parents.

Every other person can be helped after excess left over.

With 20% deposit, you can get a mortgage with a very good rate. The interest rate is so low now. My advice is for you to get it asap. You can fix your rates for 5 years if you want to be sure of your monthly payments.

Our mortgage is a lot cheaper than rent, so please consider it asap.

imconfused:


Complicated..we were moving around a lot,one final move and we will buy.to buy in a place with good schools will cost over 400k

.

dupyshoo:
With 20% deposit, you can get a mortgage with a very good rate. The interest rate is so low now. My advice is for you to get it asap. You can fix your rates for 5 years if you want to be sure of your monthly payments.

Our mortgage is a lot cheaper than rent, so please consider it asap.

We are on it..next year asap once we choose a permanent base for the next phase of my training.
Your posts have been very helpful,thank you

Beautyaddy:


Looool!!

Endless father Christmas...and you wonder why you're not able to save?

Everyone has a choice but I guess your choice is to carry everybody's problem and add it to yours...good luck!

Out of all those people you listed up there that you're sending money to I will exempt your parents.

Every other person can be helped after excess left over.

Very very fair assessment,thank you.
I have looked over this list many times to cut down and the victims will be the close cousin for starters and reduction in help for sibling.

For fees,this one there's no choice as not paying it would be a burden on parents who I'm also giving money for maintenance.The part gateman salary is split between siblings,parents don't work so who will pay?
If I give parents money ,is it now grandparents I'll ignore?who will care for them?

It's heavy ,but I expect school fees to lighten in the next 5-6 years for the ones in uni.then 18 years for the one in primary

We actually save 10% of our combined income or slightly less if something comes up & also put £800 in investments.I agree it could be more but for now we are stuck til we shave off some expenses.

Eg: childcare will reduce once the kids are in primary
Rent will change to mortgage,gas&electricity hopefully,then money sent to Nigeria too.
There's hope.

UKmigrant:
A bit strange that since I moved here, I have been having this wierd feeling that the time runs a bit faster than Nigeria, I have not been able to get over this for a while now as it feels like I dont have time to do everything I plan to.

I wake up in the morning and before I could catch up with unfulfilled tasks of the previous day, bam! its midnight again and I doze off! I wake up again the next day and the vicious cycle continues.

A friend told me it might have something to do with the winter. A lot of people get conditions with funny names like S.A.D( an acronym for seasonal affective disorder) during this period. I have not been feeling SAD though, infact its the opposite LOL

It's because you are so busy..the days fly by.

Falzdbadtguy:
So the UK govt gave a colleague 20,000pounds just to become a GP in some village, and the guy bought this....if he has 80k, he'd probably buy a ferrari. Nice discipline

I don't blame him ..life has to be enjoyed,no point stashing so much money & not enjoying small small pleasures.im pretty sure he can afford it so why not?

UKmigrant:
Maybe they want to buy the Buckingham palace you don't know!

Not even close..all we want is a good middle class area,low crime rate,good schools,decent quiet way of life,that's all.Having kids kind of narrows down areas you can live as you need to consider a lot of things for their sake.

imconfused:


Not even close..all we want is a good middle class area,low crime rate,good schools,decent quiet way of life,that's all.Having kids kind of narrows down areas you can live as you need to consider a lot of things for their sake.

I'm as free as a bird
I've been thinking of relocating to Peterborough.
I presently live in Reading, but i find it so boring and i think i'm paying too much for rent....675 for a 1 bed apartment and 101 council tax, water 33, gas and electricity about 30/ month. I only stay here for 2 weeks. i work the other 168hrs x 2 as a resident doctor, its like a cruise ship doctor. I dunno anything about the towns, but people generally advise that London is too expensive and congested, even though its probably the most tolerant and lively place to be, but there has to be a compromise innit

For now, i can even accept their 20k and go and live in the village as they need doctors there, but at what cost, being estranged from friendly life in the South?

Is there some sort of criteria, for selecting where to settle and do you know if Peterborough is a nice place to settle? from your experience

Falzdbadtguy:


Is there some sort of criteria, for selecting where to settle and do you know if Peterborough is a nice place to settle? from your experience

Unfortunately,I know nothing about England,just lived there for a bit then we moved up north,sorry.

Maybe dupyshoo can help? I'll be keeping tab too cos we haven't chosen our final destination

You are doing a lot of shifts ,I assume you are locuming,do you ever plan to train?
Im still junior& salary is poor,so bear in mind that you get a hefty pay cut if you decide to train,max 6 years if core medical,but 3-4 years for Gp.

@Ukmigrant is it possible to come over to hustle in d Uk....with no certificate jus miner jobs? Tnx

imconfused:


Unfortunately,I know nothing about England,just lived there for a bit then we moved up north,sorry.

Maybe dupyshoo can help? I'll be keeping tab too cos we haven't chosen our final destination

You are doing a lot of shifts ,I assume you are locuming,do you ever plan to train?
Im still junior& salary is poor,so bear in mind that you get a hefty pay cut if you decide to train,max 6 years if core medical,but 3-4 years for Gp.

Are you based in Scotland ?

If yes, I’m surprised you are yet to buy your own property. You’ve saved a good sum already and that money will buy you a flat/house outrightly in some parts of Scotland.

I will advise any single person to save up for a mortgage and buy a property before getting married. Doing so was one of the smartest things I did. Falzdbadtguy and ukmigrant take note of this.

I’m currently married and my largest household bill is childcare costs (£1100 per month as nursery fees for ONE child inclusive of all meals, nappies and wipes).

My wife also owns her own home which she bought before we got married. She currently rents the property on Airbnb and she makes a decent profit after deducting mortgage, utility bills, etc.