UK family budget - family of 4 (2 adults, 2 kids)
Hello! We are looking at emigrating to the UK, but I am at a loss on how to set up a budget. Does anyone have a draft budget that they would be willing to share with me? Especially interested in food, transport, water, council tax. I do understand that it varies a lot regionally but it would really help me to have a starting point. x
I know this isn't a ynab budget but I still use Excel to forecast. Some months we need to spend more and some we get extra money and I like to be able do rough forecasts! But it might be helpful for you to see.
We have further 'savings' goals but our annual costs come out of that money; including car insurance (£150), home insurance(£120), pet insurance. (£100)
Hope it helps!
We live in a quite expensive part of the South West.
I'm in the UK but no kids so my figures are probably not going to be that helpful.
Also as you say there are massive regional differences and on council tax in particular these differences can be really local. Band D council tax in my borough is £839.10 per annum. Move a mile and the same band is £1,958.66. This gives you the figures for the most expensive boroughs and the cheapest so would at least give you a range:
Do you know whether you intend to be city, town or country based? And how close to work do you intend to live? Transport costs vary widely depend on these decisions and public transport availability.
PS I rent in London currently so am crying at how low Forest Green Sander's mortgage is in comparison.