REAL MONTHLY BUDGET OF A MUM: income, expenses + how I budget my money UK

[@beckybaker3998]

Morning, just stumbled on your channel and my goodness WHAT a refreshing video. Thank you ever so much, we do our bills so similar, it's nice to hear and see another family in the same boat......we are just normal working people x

[@andrewlee5237]

Thanks for your honesty around your finances. Too many KZbinrs who talk about their finances are not as open and their appears to be a serious lack of men who have these kind of channels. Just purchased your spreadsheet which I hope will help me to budget better, and yes at my age too I have always something to learn. Budgeting isn't just for the young as thousands of middle aged or older have plenty of debts and to ashamed to admit to it. 😄

[@user-bc3lo5yc4r]

Hi Shan thanks for these budget videos. Thanks to you i’ve now got a Monzo account for the saving pots and its really helping to manage my budget better x

[@bakerfamily285]

Love this! Thank you for being so open and honest about finances.

[@snapdragon2441]

Hiya, I do very similar. Once I get paid an amount goes into my bills account automatically, then some into sinking funds and some into savings. The rest stays in my current account for daily living inc food, petrol, toiletries etc. it’s a good routine.

[@kerrihayes3988]

Love this I have the same but don’t do the day to day spending but think I’m going to add that as I always seem to spend and never know where it’s gone xx

[@leirem0]

Hi Shan - on the water bill front, check your loos - our toilet had a slow trickle from the cistern into the bowl which we thought nothing of and we ran up a £600 water bill! Thankfully our water company wrote it off which was good of them

[@emmasimpson4042]

Hi Shan! Love your account and you are a girl after my own heart with your budgeting spreadsheet. I too use one and it’s an absolute game changer! You also converted me to use Monzo, which I’m loving. Just a small thing, my TV licence is £13.25 per month in total, so you just need to update your 50/50 cost to £6.63 or thereabouts each. No big deal, but every little helps when you are left with £2.75 for the month 😘😂😅

[@C_Ariss]

Thank you for sharing. Its so nice to see a family budgeting in a similar way. We set 100 a month for food too and it is tough, we actually regularly go over now

[@MaureenFinn-r7e]

£100 a month ? do you mean a week ?

[@C_Ariss]

@MaureenFinn-r7e oops yes I mean a week!

[@DanielHilton-p6e]

Hi, single parent here. I appreciate the video. Some good ideas to implement myself! Why is your budget seperate from your husbands though? It changes the whole perspective if two of you earn 30k each.

[@nicollebegbie]

If you're claiming Child Benefit for children under 12 this works towards to your National Insurance contributions. Only if it's in your name and not partners name. So important parents know this especially when one takes time off for young children and this is mainly women.

[@anniz9148]

How can you check this??

[@nicollebegbie]

​@@anniz9148 if you're in the UK should happen automatically for the parent claiming. You can check by going to Check your State Pension forecast on the government website.

[@HomeWithShan]

I actually didn’t know this! Thank you xx

[@daisybashton]

Yes I believe this is the case but only if you are not working or don't earn enough to pay NI contributions- so if you are a SAHM for example. It's also important you claim child benefit on mat leave even if you or your partner earn over the threshold to actually recieve the money (you can tick a box so you dont receive it so you dont have to pay back in your tax return) so that you still get your NI credits while on may leave. On top of state pension contributions are you going to top up your contributions to your civil service pension while you are off or are you considering a SIPP? Suspect the later is less beneficial as civil service pension may be index linked?

[@booksandbargains]

This is the position I have been guilty of getting myself in at times, going oh i end up with lots of spare money a month so ill subscribe to x, y and z ... but then down the line it just makes me feel trapped so I am trying to instead use pots and then only book holidays etc when i have the money there rather than direct debits even if they are interest free :)

[@laurenbennett1172]

Your child benefit gives you years towards your eligibility for state pension too 👏🏽👏🏽👏🏽

[@DianaNagy23]

Hi Shan, I really like the budget spreadsheet. I think it is very helpful to keep track of expenses. I find most of your videos relatable, however the monthly budget ones not so much for me, haha. Probably because at the moment I am a mum on maternity leave only as a form of income, so a monthly income as yours is not something achievable by most mums on maternity I don’t think. I hope you understand where I am coming from, don’t want to put you down or anything, good for you that you can make a significant amount of money from KZbin and afford to take a year off work and do everything you do! I do want to say that your childcare costs video helped me understand a lot, and I loooove your day routines videos and everything else you post. You have 2 beautiful kids and you seem a genuinely nice person! I guess I want to raise awareness on the fact that are loads of families out there that are struggling (I am not included, thankfully), that won’t have money for Christmas gifts, maybe not even basic stuff like food, nappies, formula etc., not to mention outings, or any other luxuries. So the ones that do, we can consider ourselves lucky and thankful, and maybe find a way to give back to others, if we can. That’s all, I really enjoy your channel and looking forward to your next video.

[@THL1996x]

These sorts of comments are unfair- Shan has already said she knows how lucky she is, nothing in this video screams out of touch at all.... the only option would be not to share anything? If you don't want to watch, don't, but at the end of the day why criticise someone over the fact she built a successful business which has enabled her this lifestyle (entirely through her own hard work). Good for you Shan!!

[@DianaNagy23]

@ that’s exactly what I said, good for her that she can do all she does! You might want to read my comment again! We all all entitled to our own opinions regarding to what we find relatable, or not as relatable, aren’t we? Looking forward to her next video ❤️

[@DianaNagy23]

@ Also, just to clarify, I am sure Shan is a very round headed person and understands that no one can create content that resonates 💯 with all subscribers, because we all all different in terms of personal circumstances and many other factors, too many to list! Sorry for stating such an obvious remark. That doesn’t mean her work is not appreciated, or that she needs to hide anything, or change anything she does. Hope this helps you understand my perspective :)

[@maliamalis6389]

She knows this and has mentioned this countless times, these type of useless comments show you think she’s dumb and doesn’t know this. Just don’t watch them if u feel like this line this isn’t her first video of it, we are literally at the end of the year

[@chloegould1482]

@@DianaNagy23maybe you should of saved up to top up your maternity each month? Comments like these are so pointless- go back and look at her budgeting videos whilst on MAT leave

[@pixie0809]

Loved the vlog. Refreshing to see a normal realistic budget. Would it help to do a running cost style for the each of the holidays or download. It might help subconsciously

[@experiencetransformation111]

Thanks again Shan. Your finance vids were how I found your channel in the first place, super helpful for a budgeting structure. Personally and from what I can see in other comments food prices seem to have really hiked up lately, I'm at almost double what I was paying 2 years ago with no family changes. Just wondering with regards to your food budget, does that include the Hello Fresh that you use as when I've checked this would cost around £50 for the week for 5 meals? Thanks, Mari x

[@spuddy100able]

I do 150quid for 10 days per shop now and that seems to go a bit further and means bill is 450 per month which isnt tooooo much more than my original 400 budget 😬 obvs diesnt include any eating out

[@lilt3937]

Thank you for sharing, some useful bits as usual. Food is painful to pay for 😬! I find the Christmas activities situation so stressful. No shame if u can afford to take a trip to santa for the day. But its so hard to find a santa visit that's not dropping £100 + breackfast with santa/full day activities with santa. Luckily my local museum are doing it for £7 a child (I have 3) . U get a story some crafts and see santa and a gift. Look forward to ur Christmas budget.

[@maliamalis6389]

Love these videos

[@Frances73756]

Hi Shan, which pot does the Magnesium and multivitamins come out of? We also you mighty kids and they are hell’a expensive 😅. Love the budget videos, really is making me think more about how much money I waste!

[@spuddy100able]

I have a question... If all your pots in Monzo were in the same pot would you get back more interest or is it the same lol .. I CBA to do the maths

[@nikkibott3878]

It’s the same as you get a % of the pot and whether that is split or in one it works out the same

[@Gshob]

Another question with Monzo is it annoying haven to move the money from the pots when you want to spend? I'm thinking of getting Monzo thanks

[@HomeWithShan]

I actually find this is a positive as the extra barrier to spending money, which helped me stay on track with spending more as I think twice before transferring it across!

[@uglyducklingako4989]

I'm about to open Monzo but some reviews said that Monzo suddenly closed their account after being there for 4 years without giving them reasons. They have bad customer service as well

[@Gshob]

Love these videos shan look forward to them every month! How do you keep money in your savings accounts and not being tempted to take it out if your short? This is my downfall. Do you keep your savings separate from your current account so you can't see how much is in it does this help? Ok constantly checking my banks too and numbers just throw my mind and I'm always skint after two weeks of pay day 😢xx

[@chloegould1482]

Defo put them in a different account, long term things try and put them in a limited transaction saving account. You do need to work on self control but everyone does who chooses to start budgeting x

[@HomeWithShan]

I totally get this, it is hard to keep yourself on track. None of us are perfect, but honestly that sense of achievement when you see that savings account building up is worth it for me! I find having my spending money and savings in my Monzo account is just that extra layer before I can spend it, which helps! But overall it’s mainly about mindset and long term goals and having those small but realistic treats to get you through. For me, getting my hair done, allocating money for days out with the kids etc ❤

[@Victoria-kl7su]

If you can manage 2 family holidays abroad a year and a hen do and a Butlins do then you are doing really well, I would struggle to pay for one U.K. holiday a year right now but to be honest we don’t need those holidays - the kids don’t miss out, and certainly not while they are young. You could go to the nearest beach and they’d enjoy it just the same - I’d be saving for that big Japan holiday and putting the others aside (except for the wedding holiday) - holidays are a huge drain on the budget - same for Christmas. - I regret all the money I used to spend when my children were small, they just didn’t need it all. The money would have served us far better later on

[@uglyducklingako4989]

@@Victoria-kl7suLike what she did, she put in Junior ISA

[@debomcd7]

A decent savings account will help you. Some penalise you for withdrawing money early, which might be enough of a disincentive for you. If not, you will accrue interest even if you only have money in the account for a few days, so you might want to leave it there longer to accrue more interest. Revolut, for example, add interest daily on some accounts.

[@katiegowland1108]

I would love recommendations of your Amazon subscribe and save must haves! X

[@HomeWithShan]

Oooh I can deffo share everything I get in a future vid ❤

[@TheXdarkfairy]

I love your budgeting videos ❤

[@abismith5998]

I love your videos! Do you have to set aside for pets? Our two dogs cost us £100 or more a month on food and insurance x

[@chloegould1482]

@@abismith5998 as per a previous video - her husband pays for the dog expenses I believe

[@cathie1022]

This video panicked me! You and your husband earn a good bit more than me but that is close to the wire, and I can’t help but worry some of it’s unrealistic - like where is the money for the top up shops etc? If I were you I would quit the Japan saving until next years holidays were over, then you could start funnelling £150 a month in to make it up. It unsustainable to only have so little left. Good luck!!!

[@HomeWithShan]

I totally get this! Obviously this is very close to the wire this month and as I say in the video, that’s on me for committing to too much!! We rarely do top up shops, but if we need to, then whoever has money in their current account (usually my husband) would do that. I’m a “make do with what we have” kinda girl when it comes to food haha!

[@mcsunga8137]

I wouldnt worry too much :) I get why people sometimes make their budgets tighter in some areas than most would. I believe she just wants to prioritise things she values more at this stage in her life. It is more sensible to skip japan for now as it is very very far away and allocate it towards the food shop. But it may turn out that allocating it there reinforces more spending instead of being strict with the original 200. Personally if I give myself a bit of wiggle room with my budget than what was previously intended, I max it out to the new upper limit and justify that the budget says so haha.

[@FionaUnderhill]

Id love to know how u get ur weekly shop to 100, mine is always over x

[@rabinakausar4346]

What do you do as work?

[@tjw6572]

Hey Shan, can I ask what isa you use for your children? X

[@HomeWithShan]

Hargreaves Lansdown 🥰

[@Tiredmum]

If CB is in your name and your child is under 12 it'll pay your national insurance stamp towards your state pension.

[@emmao8477]

If you're claiming child benefit, each year you claim you get a year towards your state pension.

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[@annddyyy-6920]

I will like to knw mre

[@SarahCast-d3s]

Does that include your partners income?

[@maliamalis6389]

No

[@katie8578]

You didnt budget for your hair this month but didnt you literally get it done on the 1st of November?

[@HomeWithShan]

I got it done in October and only posted the reel a couple of days ago. It came out of last months budget 👍🏼

[@Ka-gz3ry]

Is your income monthly just from you tube ?

[@katie8578]

Why is the childcare money only coming out of your account and not split 50/50?

[@HomeWithShan]

It is 50/50. It comes out of our joint account.

[@TheoEsquire]

Council tax £83? Wheres that?

[@chloegould1482]

@@TheoEsquire nope that’s only half

[@leahmcdermott4189]

It’s only half, sheesh it’s like people don’t actually watch the video

[@jessitee84]

I don't understand how you can call this a 'real' monthly budget with £2.75 left when your partners income isn't included.

[@chloegould1482]

It’s her side of it - they split bills 50/50

[@leahmcdermott4189]

This doesn’t even make any sense. They split bills 50/50, it’s not a combined income, it makes perfect sense.

[@jessitee84]

@@leahmcdermott4189 Yeah but it changes the whole perspective of the video. She has already said that if they need a top up shop it comes out of her partners income because he has some left. You can't say you're budgeting down to the wire when her partner clearly has money left and can bail them out/treat them separately, its misleading.

[@chloegould1482]

@@jessitee84 no it actually makes perfect sense as Shan has said her partner doesn’t budget the same way she does

[@jessitee84]

@@chloegould1482 ":O :O :O £2.75 left" is a bit click baity and misleading when her partner might have hundreds available tho right? Her £2.75 left is not the same as a lot of other peoples £2.75 left at all. But go on, call her honest all yous want lol

[@tania-conceicao1tania945]

Hello darling. If possible send me example?

[@TamaraHarrison-v1f]

Kids are expensive 😂 and as a mum of 4 once they hit 4+ they get even more expensive 😂😫

[@HomeWithShan]

They really are!! The clubs, toys, activities, holidays, clothes… 🫠

[@nicolepilgrim3142]

Thrift the clothes and toys

[@TamaraHarrison-v1f]

I use free sites , charity shops etc but still clubs , clothes still adds up xxx

[@Mel-bo4dl]

Hi just come across your channel love it but pls could you try and talk a bit slower you talk soooooo fast my head is scrambled 😂

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