Firstly, I'm new so apologies if this is not something I should post or it should be somewhere else.
I am spending a great deal of time working out our income/outgoings with a view to hopefully convincing hubby of the need to go for an IVA.
I have completed the MSE budget and want to get advice/opinions on whether our amounts are acceptable within an IVA or whether anything jumps out as too high.
This is for 2 adults and 4 children, one aged 14 and three under 10's. I'm not sure how it all works so I don't know if particular things in the budget would just not be acceptable?
Many Thanks, Becky
Rent: 795
Contents ins: 25
Council tax: 190
Water rates: 23.24 (meter)
Gas: 120 (inc arrears)
Electricity: 75 (inc arrears)
Home phone: 19.50 (inc 2 lines -one for dh work)
Sky/Internet: 47 (no BT broadband so sky only option!)
TV license: 11.95
Mobile phones: £50 (for 2)
Life insurance: £58
Household/food: £410
Sandwiches/coffee out: £30
Breakdown cover: £8.33
Rail/bus: £56 (including eldest's bus pass to school)
Car/van maintenance: £66 (very old car
)
Car/Van insurance: 66
Car/Van tax: 40
Parking: 12
Petrol/diesel: 200
Dinner money: 43.30
School trips: £8.33
Educational trips/books: 78
Children's clubs: 40
DVD rental: 10
Pet costs: 20 (not including food)
Big days out: 30
Books/films/music: 8
Cinema trips: 20
Haircuts: 6
Optical bills: 8.33
Make up: 3
New clothes(adults): 5
New clothes (kids): 21
Childrens shoes: 10 (youngest has to have special shoes due to medical condition)
Christmas: 40
Holiday: 40
Birthdays: 13
Replacement applience/sofa etc: 8
Charity membership: 2
Newspapers: 17