#MONEY DIARIE FREE#
My son’s current childcare provider doesn’t offer the free hours until he’s three - I am looking forward to this. I think the costs for childcare put women off and then they don’t return to work. I am not sure how supportive the childcare system is for working mothers. 'Childcare costs are very expensive in the UK.
Fortunately my employers are flexible and supportive so I can do school runs when I want to and attend school plays etc.
#MONEY DIARIE FULL#
We struggled more financially back then so working full time feels the best fit for our family. 'I tried working part-time, three days a week, after my first child turned one. My two year old goes to nursery full time which costs £1,350 per month and my six year old goes to after school clubs which amount to £500 a month. 'We both work full time with no family close by so rely 100% on childcare. This has helped marginally as I get less than £15 after Etsy take their fees.' Our expenses: They are designed to nurture confidence and build resilience. 'We don’t receive benefits, but I get some extra income from some children’s wellbeing packs I created within my business. Take home pay: 'After tax, we bring home a combined income of £4,300 a month / £51,600 a yearīenefits: 'We get £0 in child benefit a month. We had a holiday booked for Disneyland Paris during Easter and we are still waiting for a full refund – it has been a frustrating process trying to chase the refund up.' Our income: But towards the end of lockdown, our spending increased mainly going on food. 'During lockdown this year, we have made some savings from things such as petrol so we didn’t feel any financial impacts at first. But then, that wasn’t really a guarantee… 'As someone who has their own business, lockdown has been a real eye opener and highlighted the benefits of having a regular paid income. We have managed to pay off all our debts which consisted of one credit card, and two personal loans. 'Childcare takes up a significant chunk of our earnings, so we are looking forward to our son starting school to get a bit of financial relief. I’m always thinking about the household finances, which is stressful. 'Being the high earner in the marriage also puts pressure on me. This often leaves me feeling frustrated and sad as I feel like I am working hard and not able to enjoy my earnings, I just work to pay bills. 'Even though we consider ourselves as a high earning household, the reality is, we live pay cheque to pay cheque with no disposable income left.
Her husband: 41, registered care manager working 35 hours a week Mum of two: 38, a therapist working a 40-hour week From nappies and Calpol to rent, childcare costs and bills, we're asking a cross section of families to share a money diary with Netmums, detailing how they spend every single penny of their hard-earned cash over a single week. Balancing a family budget is tougher than getting a toddler to eat broccoli.
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