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2020 Household Budget and Big Ticket Survey

  • 11-04-2020 7:12pm
    Registered Users Posts: 218 ✭✭

    Just a quick survey on 2020 big ticket items and household budget.

    Are you planning to buy/sell/hold

    Home/ property
    Home improvements
    Any other

    2.4 children family with two incomes.

    Home = Hold 300k +
    No plans to buy or sell

    Car = Buy
    bought work car in January 16k Plans to buy family car next year put on hold till future is more stable or massive discount 30k.

    Home improvements = Hold
    Mostly done over the last three years. TV, fridge, etc upgrades put on hold.

    Holidays = Sell 4k
    Holidays cancelled this year. Staycation.

    Wedding = Hold
    Once is enough. 20k gross

    Funeral = Hold
    10k fund hopefully not needed.

    Hobbies = Sell
    When we get the chance, the great outdoors will be the new family hobbies.

    Bill's = Sell
    Unnecessary and high Bill's to be cut.

    Any other = Hold
    Cant think of any at the moment.

    As you can see we are going from a spend budget to a conservative budget this year. Not that we need/have to, it's just we are bit more weary since 2007 and are pulling the horns in.

    Has your budget plans changed this year? Are they conservative or aggressive?


  • Registered Users Posts: 9,240 ✭✭✭Shedite27

    Planning on home renovations in the next 3-5 years anyway, if this means there's a better access to builders and possibly better price, I'll move that timeframe forward.

  • Registered Users Posts: 2,655 ✭✭✭ec18

    Home/ property - Sell & Buy - current and self build inside next 3 years hopefully
    Car/Transport - Buy - Wife will need new car in next twelve months
    Home improvements - None
    Holidays - Hold
    Wedding - Once was enough
    Funeral - None hopefully
    Hobbes - Buy - Some equipment will need to be replaced in next twelve months
    Bills - Hold
    Any other - Hold

  • Registered Users Posts: 218 ✭✭Mach 3

    Just giving this a Bump.

    As we are now in the mist of a second lockdown, I'd say the answers to the Survey for many are different to the first lockdown Survey.
    Our household have spent sweet fanny adams since this thread was started and we like the feeling. As spending is one of the most essential part of the economic system it is hard to see what is going to tempt people to spend again?
    That holiday that we cancelled and so looked forward too,in 2021 is no longer a burning desire as safety is more important than taking the chance. Got a good a deal on the family car and are happy with the status quo of waiting for the right reduced price.
    Do yourselves a favour and do the Survey privately, you might be surprised by some of the answers.
    Stay Safe.