750 pcm (after rent/utilities)

[Abcdecat]

Hi

I’m just interested to see the opinions on how I should be breaking this down budgeting wise. After rent, bills, DD and some initial saving I have 750 pcm. I own my car outright, paid insurance yearly and it’s v cheap to fill up. (Probably filled up 5 times in 7 months).

I’ve no kids and live alone.

I’m wanting to save as much as possible as to save into a LISA and also for a post grad. However I want to live comfortably (ish).

This may seem obvious to some but I’ve been a student til last month living off v little.

[MrsTwitcher]

what is it you need help with? you have £750 a month cash to spend on food, toiletries, entertainment?

[Abcdecat]

Haha sorry just realised I sounded vague.

Yes, just wondering how much I should budget on each and how much I should save out of that

[Gazelda]

I'd put 50 away every month for car insurance/tax, 50 for petrol and 50 for repairs.

I'd allow myself 50 for hair/beauty per month.

100 for going out.

50 for gifts.

50 for clothing, shoe re-heels etc.

I'd keep 50 for petty cash/incidentals.

And save the rest. Ie 300 per month.

[BashfulClam]

I have the same after everything including food etc and I save £300pcm. Right now you probably
Need way less money than usual. I don’t have a train pass to buy, I’m not buying lunch or coffee and not going out.

[MrDarcysMa]

I used to have similar leftover and used to move on pay day £250 pcm into long term savings plus £100 into various sinking finds for the year (car service, Xmas etc)
Anything left before pay day I'd also scrape into savings.
Xmas and birthday money usually went into savings too as i don't need much tbh.