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Use our Cost of Living forum to discuss budgeting and energy saving with other users.

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Use our Cost of Living forum to discuss budgeting and energy saving with other users.

Cost of living

This minimum income calculator scared the socks off me

51 replies

3inABIRDsnest · 15/12/2011 19:09

So I'm at home, dh works in an ok job. I just did this:
minimum income calculator

We are below the minimum income. Make sure you adjust for the housing cost as it assumes you have cheap rent...

OP posts:

Report

MrsCog · 15/12/2011 19:31

There's no way I spend that much on anything - £78 a week on food! Much nearer £50 and that includes alcohol and £78 a week on social/cultural activities?!!

rootietootie · 15/12/2011 19:50

it lies, it's telling me we have an extra £92 a week, and trust me, we definitely dont :o

SantasNutellaFairy · 15/12/2011 19:56

It says we have an extra 27 a week. It didn't allow any alterations on petrol/ transport costs which are pretty high.

ChristinedePizanne · 15/12/2011 20:01

I am on income support. I need an extra 192 a week. Which is pretty much true - without my savings, I am going to lose my house soon and I can't find a job :(

Lynli · 15/12/2011 20:04

There is no way I could spend that little on anthing. I don't rent but if I did I wouldn't get a rabbit hutch for that. Everyhting on there needs to be trebled, apart from alcohol. Water rates £8?

ChristmasIsAcumenin · 15/12/2011 20:08

You need an extra: £173.21 per week

That would be amazing!

Ambi · 15/12/2011 20:10

Oooh I need an extra £120 per week

smackapacca · 15/12/2011 22:57

OOOh apparently I spent £100 pw on Social and cultural activities and £6.86 pw on alcohol.

I am one culture vulture!

smackapacca · 15/12/2011 22:58

But I still need another £45 pw. Think of the culture I'm missing out on!

NonnoMum · 15/12/2011 23:04

Apparently we have £100 a week to live on. But over £50 of that is needed for transport.

Hmm.

LivingDead · 15/12/2011 23:11

We need an extra £89 per week, which would be nice, I could pay ALL of my bills and buy my children new clothes. Sadly even if I get a job, we will still be just about breaking even.

LittleTyga · 15/12/2011 23:14

Christmas me too - I need another £172 a week - once I set them straight on Gas costs and rent in London.....£72 per week rent????? maybe in 1976 but not today! think I'll print off my results and pop it in the post to No 10....if can afford a stamp!

LittleTyga · 15/12/2011 23:16

^OOOh apparently I spent £100 pw on Social and cultural activities and £6.86 pw on alcohol.

I am one culture vulture!^

Chance would be a fine thing - £100 on going out? a year yes - a week wtf?

bruffin · 15/12/2011 23:30

We apparently have a spare 151 extra so how com we can't afford a holiday or the newish car Dh needs to get to work

QED · 15/12/2011 23:33

Those figures don't seem to be based that mych on reality.

My water direct debit has just been put down to £10 a month though.

3inABIRDsnest · 15/12/2011 23:38

Didn't notice the socialising budget - does that include tv and Internet etc do you think, or is it just for the cinema? at the thought of going to the cinema!

OP posts:

dontletthebellsend · 15/12/2011 23:43

£145 a week on social and cultural activities

I would love to know where you can rent a house for 5 people at £360 a month

spiderslegs · 15/12/2011 23:45

£6.80 on alcohol per week?
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA etc.

cece · 15/12/2011 23:53

Apparently we have £325 per week spare!

Wonder where that is going then...

TheSecondComing · 16/12/2011 00:07

This reply has been deleted

Message withdrawn at poster's request.

HarrietJones · 16/12/2011 08:26

Apparently we are £57 short. Plus it's included £130 CTC. We don't get TC

HarrietJones · 16/12/2011 08:28

Though food/alcohol/social is massively higher than we pay. Council tax etc is under estimated.

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Merrylegs · 16/12/2011 08:40

It's kind of accurate for us, but I would really like to know what 'people' (ie the ones surveyed?) think that we should all be entitled to. ie how many holidays a year does it include, if any?

I took the 'socialising' budget to also be anything spent on extra-curricular activities for the kids - eg music lessons, clubs, sports fees etc. If you factor those in it does kind of add up.

RillaBlythe · 16/12/2011 14:57

intereting! we are about 5k short. don't' quite get it though.

MeltedAdventCalendarChocolates · 16/12/2011 17:48

We are 9 grand short, but I would never spend all that money on some things anyway. I spend nothing on alcohol for example, I spend half the amount on food! I only spend maybe a tenth of the travel costs. I spend a tenth again on social activities... (what on Earth do you people doooo?)

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