MY BUDGET TRACKER 2021, How to save money for maternity leave UK, REAL ANNUAL BUDGET | HomeWithShan
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- Опубліковано 2 січ 2021
- 2021 Annual Budget Tracker Template -www.etsy.com/uk/listing/92121...
Welcome to my video on how to save money for maternity leave in the UK but also how to use a budget tracker template to keep you on track with you budget!
I'm actually using my 2021 Annual Budget Tracker! As I couldn't find the original one to link for you guys, I adapted it and I've decided to open an Etsy shop for you guys to shop the excel template yourselves too! You can convert it to google sheets like I have if you want, or use on excel!
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I really hope you enjoyed this video guys. Let me know if you have any questions and if you find the tracker helpful 🥰
Loved the video and found it really helpful x
@@sherimorris3364 yay I’m so so glad! Xx
Can you please do a video on your moneybox investment and talk about the risk, like will your money ever go down and how much you get out of it. I don't understand investments too much and would love to learn. Loveeee your videos!xx
This video is amazingly helpful. I’ve just purchased my budgeting sheet and can’t wait to get stuck it. You make everything sound so simple and actually make sense. Thankyou for the time and effort that must have gone into this video. X
These are great tips! and this is such an important topic to be discussing at the moment, I really enjoyed the video!
I loved this video!! It came at the perfect time, I'm starting my mat leave in March. I got the template, you have really inspired me xx
Awh yay I’m so glad you enjoyed it lovely! Its hard to save but having a decent template etc can really help to stay focussed!! 🥰♥️
Hey new to your channel! Love watching people budget as everybody has their own way of doing it! Keep going 💖
Thanks for this, helpful to see how others budget! Really appreciate your honesty :) merci x
This is amazing - thank you so much for sharing! I’m due to go on maternity leave Feb so this has really given me a kick up the butt to start preparing 😘
Omg I love that!! I’m so glad you found it helpful!! Maternity leave/pay can be hard but if you can save enough you’ll be sorted 🥰🥰
Thank you so much! As someone that has just started maternity leave, this is sooooo useful and informative! X
Ah I’m so glad you found it helpful!! 🥰
This is amazing & so helpful! I am going on maternity leave in March so I have downloaded the excel and have filled it in ready and now feel much more prepared! Thank you so much ❤️ xxxxx
Yay I’m so so glad you enjoyed it and found it helpful 🥰
Hey Shan I really loved this video and it’s extremely helpful 👍
I love this! We will be doing an annual budget this year as well.
I’m going on maternity leave at the end of the month and will be on SMP from the start so this was really helpful, thank you!
Aw yay I’m so glad you found it helpful!! 🥰
Loved this, thank you Shan! 😊 feeling motivated to start budgeting now. Would love to see a video on the money that you invest!
Aw yay I’m so glad you enjoyed it!! I would be more than happy to do an investing video too soon 🥰
Heyy, absolutely loved this video! I’m about to go on maternity leave from end of January,so this was so helpful! also has really motivated me to save! xx
Yay! I’m so glad!! It’s hard at first but I’m just so glad I did it now because it’s saved me! 🥰
Thanks Shan this is so helpful! I am going on Mat Leave in February and I have a similar spreadsheet on the go but it's really helpful to see how you do it! I'd love to know more about youtuber finance/impact on life stuff!!
Yay I’m so glad you found it helpful! Spreadsheets are a lifesaver for me haha! I can deffo do a video on UA-cam/insta stuff soon! Xxx
I love your videos and love how you do such a variety of different videos on interesting topics. Wish I could be as organised as you. Have tried budgeting in the past but struggle as I'm naturally not very organised. You have inspired me to try though xx
Aw thank you so much lovely that’s so sweet! I totally feel you on the budgeting side, it’s tough at first but if you stick to it then it’s so worth it in the end 🥰
What a great video - you're winning at adulting! I've just gone on maternity leave & didn't feel organised at all but that really helped so thank you! X
Ahh wow thank you so so much!! 🥰
This is so helpful and has reminded me I need to start my maternity leave budget to work out what I will get paid each month of mat leave! I go off in April so need to get ahead of the game! I’m also a civil servant so super lucky we get so much paid time off 🥳 just so you are aware you will only get SMP for 13 weeks when your full pay ends. The last bit will be unpaid (although I’ll be using AL to extend my time off without having too much unpaid!) - just so you don’t get caught out 😊 x
Thank you this is so helpful! Luckily my current job pay quite well but after 9 months it goes down loads so that will be helpful ☺️ x
Useful video. I can only recommend to ger familiar with your maternity, paternity and shared parental leave entitlements even before getting pregnant - my husband and I did this and it allows us both to be on parental leave for 6 months each. He will be on statutory pay / no pay at the end of it, but by looking into this in advance we were able to work out how much we need to save to still cover all expenses. Pro tip: if you get paternity leave pay from your employer, that doesn't count towards the shared parental leave, so it's a bonus :)
Only 4 weeks pregnant but that's for reminding me I need to start saving!
Happy New Year to you and God bless you and stay safe and healthy. Love 💘, so much 💓
Great and helpful video!
This is so helpful! Thank you so much! I’m 28 weeks pregnant and stressing about budgeting because I’m an over spender oops but this has helped so much! Thank you! Xx
Ahh yay I’m so so glad!! Xx
Loved the video, very informative. I would love a video on the UA-cam, sponsorship ect and one on the investments for beginners. Xx
Great video. I would really suggest looking at a more reasonable per insurance. Although you are accounting for it in your sinking fund depending on the pet issue you will get the money returned from your pet insurer rather than you paying it with no return x
Very helpful! I love a spreadsheet 🤓😁 xx
Yay I’m so glad you like it!! 🥰
Really enjoyed this video. Could you do a video or post about how your monthly finances have increased since having a baby, i.e, how much wipes, nappies, food etc cost per month - it would be so useful!!! I am a total money planner & feel like iI have no idea how much this stuff will cost when I'm on maternity leave.
Such a great video, incredibly helpful! I'm also a Civil Servant and planning mat leave in this way is so smart. Would love to see more videos about anything to do with money, especially investing, which banks you use, and your savings plan! I always see American videos like this, so great to see content like this from someone who has a regular job and is based in the UK! Thanks, I'm off to buy your spreadsheet xx
Also if you have tips for sharing and talking about money with your partner! :)
I’m so pleased you enjoyed the video! It’s so great to see what people you can relate to are doing isn’t it! I would certainly love to do a video on investments etc! (Im still quite new to it though!) xxxx
@@claram289 this is a tricky subject isn’t it! But me/my partner are quite open about money etc and since we’ve had our joint account it’s made everything so much simpler! 🥰
I’m due to give birth end of March, and will have some enhanced pay but mostly SMP! This video is helpful! ❤️
Yay I’m so so glad you found it helpful! Xxx
That was really interesting! I don’t have kids yet but possibly in the not too distant future, so already looking at how I’ll be able to cope and still pay for bills etc, especially when my salary drops to statutory mat pay.
Aw I’m so glad you found it interesting 🥰👏🏼
Hey lovely, loved this video, so helpful! I’d be really interested to know what investment ISA you use! My husband and I have been looking into it too xxx
This is really interesting! I’m the absolute worst! I never ever ever look at my spending (and I don’t earn as much as you). I start maternity leave in Feb and this is given me a kick up the bum to have a look at my spending
Honestly we all have to start somewhere with savings/budgeting... I used to be crap! But since I’ve been using the spreadsheet it’s been helping me so so much!! 🥰
@@HomeWithShan think I’ll get the spreadsheet! 😁
Can you review June please? I don’t think it’s correct.
Great video x
Hi Shan! Could you do a video on how you did you kitchen renovations and how you paid for that! I want to go ahead and renovate but idk what to do
Things that you should maybe add:
1. Life insurance
2. Computer sinking fund (new top spec Mac every 4 years is £45 p/m)
3. Birthdays
4. Xmas fund
Loved the video! How old are you Shan? 💕
Really enjoyed this thank you 😊
Our childcare 5 days a week is £1300 per month so you are doing well at £800
Loved the video, really helpful. Our 1st baby due in May 💙 Do you have a template for the excel spreadsheet with the formulations? ☺️
Hey lovely, it’s linked in the description box xxxx
Really helpful video, thankyouu! You say you are on £2069 now, but have budgeted the same for when you go back to work but you're only planning on doing 4 days a week. Do you only do 4 days a week now? Or are you planning on paying 4 days childcare and 1 day free childcare? Thanks
Hey Shan, great video. I work in payroll and you will sometimes get 5 weeks maternity pay so worth recalculating for months like march. Also, your employer should be able to provide you with a breakdown so you can see pension etc as well :)
Ahh thank you lovely! That’s super helpful, I’ll look into it xxx
And look into tax free childcare on the gov website, give it to you tax free :)
@@maddiealices9318 thank you! I think that’s only available form 2 or 3 years old at the moment xxx
Hi, what about child benefit do you not include this in your budget? Thanks xx
Really useful, thank you!! Wouldn't your income from your civil service job be reducing to 80% of your usual salary when you return to work if you are cutting down to 4 days a week?
Very useful! I am also about to go down the SMP and its painful to consider it! Have savings but still daunting.
Quick question - have you considered overpaying your mortgage? It's something we hope to start doing once I'm back on full pay.
Hey lovely! It’s a scary thought isn’t it!! And yes, we have considered it for sure! I think next year this is something we’ll do for sure, but for now we’re investing a lot
Of our money into stocks and shares ISAs so that we can make (hopefully!) a good amount of interest on our £. Mortgage free would be the end goal though 😍
After watching this it's really inspired me to budget and I bought your spreadsheet..but am struggling to open it with Google sheets. When I open it it opens like an image that I can't edit? Do you know if there's a way I can open a download from Google sheets? Ie opening the downloaded file from in the programme Rather than opening it from the download. I can't seem to work it out. Xx would love to see similar things from you in future and would definitely buy future downloads to help me get organised x
I’m so glad you found it helpful! If you drag the excel spreadsheet into google sheets and then right click and select “open with” and then “google sheets” 🥰
Great video!! Do you not get taxed on SMP? X
Hey! You know what I didn’t even think about that! I kind of assumed that because it is such a small hint that it would be taxable... but I think that it might be now!!🙊
How comes you say its ' your costs or your stuff' do you not have a joint account? As you have a mortgage and a child is it not easier to just share money xx
Hi can you share this template?
Hi Shan, you can also receive £80 a month child tax/benefit I can’t remember which it is! This bumps up your income a little bit! I’m due to start maternity leave the end of the month, so this has been very helpful Thankyou :)
Oooooh I didn’t know! How do I apply?
Hey! Yes, I totally forgot to mention this, but we put George’s child benefit into a Children’s Junior ISA for him so that he has a good little nest egg out away for when he turns 18! 🥰 that happens automatically so I didn’t account for it! Xxx
@@cattoll1 on the gov website! 🥰
@@HomeWithShan is it for everyone? Or do you need to be of a certain criteria?
@@cattoll1 absolutely everyone I think (it gets cut down a bit if you earn over like £60,000 I think, but you still get some even then!) xxxx
did you say you would be working from home! will you need childcare? - nice to see im not the only one with a spreadsheet 😂
Great video! :) did you account for the government childcare hours in your budget? Think it’s 15/30 free hours depending on how much you work x
Hey! I always thought that that that only counted from the age of 2 or 3? Xxxx
@@HomeWithShan oh sorry yeah you’re right! Think it starts at age 2, how annoying 😅
@Chelsea and James thanks! Could you link me please? I must’ve been looking at Scotland or Wales because it said between 2 and 4 for me 😅
@Chelsea and James thank you!!!
you can get tax free childcare from any age up to 11 years old - it’s an online government account and for every £4 you top up, the government gives you £1 to pay for childcare - it’s brilliant!
www.gov.uk/tax-free-childcare?step-by-step-nav=d78aeaf6-1747-4d72-9619-f16efb4dd89d
Happy Sunday
Happy Sunday!
@@HomeWithShan stay safe
I thought maternity pay/statutory mat pay was for 9 months only, so if you are on full pay for 6 months, I’d assume you are paid for a further 3 months then no pay for the rest of the period off.
I think that on top of any maternity leave/pay that your work offers 🥰
@@halloweellahere7602 my work give 6 months full pay, but every employer is different xxx
@@HomeWithShan ah yes, whilst statutory mat pay is for 39 weeks I suppose your work can offer more. I start mine in 3 months so still trying to get my head around the details, thanks 😊
I'm also a civil servant and get 6 months full pay, 3 months stat maternity pay and then 3 months additional unpaid leave
@@yasmina4099 what type of job are considered civil servant?
PAID MATERNITY LEAVE?! SIX MONTHS?! 😱😭
Yeah, I’m increasingly lucky that as a civil servant they are really generous! 💪🏼
Are you claiming child benefit? You should be as you entitled to it for George x