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to ask you how much money you have left per month after you have paid for essentials?

(36 Posts)
FlabRaKebabRa Fri 25-Jan-13 11:31:17

I am trying to make a new budget (new year new budget and all that!)

How much money does your household have left over per month, after you have paid for all the essentials?

By essentials I mean rent/mortgage, utility bills, council tax, running car, transport to work, childcare, supermarket shopping, mobile phone etc

I am not counting stuff like buying new clothes, going to the hairdressers, gym membership, going out to dinner etc as essentials.

Netguru Fri 25-Jan-13 13:37:26

We take savings out at the beginning of the month so spending money is calculated after all you specified and saving too. I see saving as essential so would always budget for some out of 'spare' money. If there is no spare money then no saving obviously.

Husband just left his company today. We have run up a new budget but it still allows for saving. Most important thing to me (and we are very comfortable financially) is still not to waste money. I spent this morning haggling with sky over the broadband charges, regularly check electricity providers and ask the "do I need it" questions when I buy something.

We can't all be equal with money. Bets thing though is to make sure whatever we have goes as far as possible.

redskyatnight Fri 25-Jan-13 13:50:44

The trouble is that even some of the "essentials" can be changed.
We choose to set our thermostat at 16 and have the heating on as little as possible - so our gas bills are comparatively low.

Equally we choose to buy some nice food rather than the most basic things - so our supermarket bill is comparatively low.

The DC both learn instruments and do clubs which cost money - not essentials, but they are important to us and would be down the list of things we'd cut.

If we needed to save money we would cut our supermarket bill. so for the purposes of budgetting we still need to consider it.

On paper we have a lot of disposable income atm but I'm in a temporary job so we have earmarked a lot of it for saving to tide us over after job finishes. So not really disposable.

SoftKittyWarmKitty Fri 25-Jan-13 13:56:21

MSE has a great budgetting tool. If you want to head over there, I'm sure you'll find it really helpful. Undoubtedly more helpful than being nosey asking what random strangers have left each month.

coraltoes Fri 25-Jan-13 14:19:15

My salary minus bills = MY disposable income and not yours... So why would amounts help you budget?!

I agree with netguru re budgetting. If you are planning or have the ability to have savings money I would count potential savings as 'essential' and remove them from your 'spending' money that you are budgetting for.

As a guide (because I think actual figures are out of context, everyone is different), I have 20% of my monthly income left each month as spare cash for clothes, nights out, magazines, hair cut, kids clothes, day trips etc.

In an average month, this gets me; 1 item of clothing, couple of kids clothes or a pair of shoes, 1 night out (dinner/pub/cinema, 1 takeaway.

Chunderella Fri 25-Jan-13 14:30:19

Other people's budgets also aren't necessarily helpful because even the essentials vary so much. For example, some posters might have a uniform for work, whereas you have to spend a lot on your clothes because appearance is important in your job. Or another poster might need to invest X amount in their professional training and accreditation every month, but you don't. You cycle the three miles to work, some posters spend thousands a year on a long train commute. You have to pay for every penny of childcare you use and need to factor in regular fines for being late due to unreliable transport, others get free childcare from their sister who lives on the next street. Gym membership actually is an essential to Poster X's job because she's a model. And so on.

You might be better off posting details of your income and your bare essentials expenditure, then asking for tips about easy ways to cut it.

BackforGood Fri 25-Jan-13 14:33:35

You've had some great replies - particularly NetGuru and RedSkyatNight at the top of this page.
People have such different priorities as to what they would rather spend their money on too.

RebeccaMumsnet (MNHQ) Fri 25-Jan-13 16:10:44

Hi there,

We have moved this thread over to our Money Matters topic now.

BackforGood Fri 25-Jan-13 16:16:17

We also have 'commitments' which I couldn't describe as 'essential'... like the dcs' music lessons or to pay for them to go on Scout Camps, etc. Obviously if we didn't have as much income as we do, then our lives would carry on - these things are not 'essential' but, as we can afford them, then I think it's great that the dcs have the opportunity, and I would want to ensure they can do these things and would prioritise them over new clothes or a manicure or buying coffees when we are out or replacing our 16yr old car, or whatever. Everyone has different priorities with their money.

COCKadoodledooo Fri 25-Jan-13 16:17:55

None or less than none. Usually the latter.

bbface Fri 25-Jan-13 19:33:27

OP, you are just being nosy!! Nothing wrong with that at all but no need to wrap it up in a ridiculous question about budgeting.

I am a SAHM, DH takes home a fraction over £6k a month.

A lot on paper, however we do not save as much as we should because I am hopeless at grocery shopping, plus preparing for baby number 2, but I reckon on about £500 a month, probably a little less actually because so much expenditure going on atm,

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