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What do you think is a reasonable disposable income?

62 replies

KingofCats · 27/06/2023 23:29

So I’ve just worked out a detailed budget in advance of my mortgage going up and been tracking my spend over the last year and am interested in what other people think is a reasonable disposable income for say 2 adults 2 children (I’m 1 adult 2 teens and 1 pre teen but think easier comparison is 2 adults and 2 children)?
After all bills and mortgage / housing costs but before food, clothes, leisure activities, etc.

OP posts:
hollyblueivy · 28/06/2023 08:10

Could I be generic and say half my income is bills and the other half is disposable?

keel34 · 28/06/2023 08:10

We have £2800 after all regular outgoings, that's before food, savings and leisure. We've lived with A LOT less than that in the past, and I'd easily spend a lot more! We set most of it aside into short term savings (Christmas, holidays etc) and some discretionary spending for each of us. We are really bad for not doing long term savings.

wildfirewonder · 28/06/2023 08:10

ssd · 28/06/2023 08:06

I don't know why i click on these threads and read them.

They fascinate/annoy me in equal measures.

It is perversely enjoyable reading annoying threads I find Grin

Interested in this thread?

Then you might like threads about this subject:

cinnamonfrenchtoast · 28/06/2023 08:15

DH and I probably have at least £3000 left a month after mortgage, council tax and utilities.

But out of that we still have to cover fuel, phone bills, pet insurance x 3, all other pet-related costs, car insurance, MOT, service and other car costs, food for us both etc.

Lots of people would say those are essential bills so their disposable income would look considerably smaller on paper even though the overall costs would be the same.

kelsaycobbles · 28/06/2023 08:22

Given we don't have 3000 coming in a month before any bill I think our disposable income will always be smaller than yours!

We manage fine though

BMW6 · 28/06/2023 08:39

Our joint income is £1500pm. No children.

Mortgage paid off so after utility bills and insurance we have about £1200 for food, savings etc.

In a good month we can save £500.

OnlyFoolsnMothers · 28/06/2023 09:06

BMW6 · 28/06/2023 07:32

How so? What are you buying?

Food alone would take £400- petrol could be £100- teenagers do things, they cost money- clothes etc- could you live on less yes but it wouldn’t be a great life

EmpressSoleil · 28/06/2023 09:54

I'm single, DC grown up now. After paying housing, bills etc I have around 1400 p/m left for food and everything else. I save a lot of that though. Usually for specific purposes like home improvements, holidays, also currently saving for some expensive dental treatment. So my savings go up but then back down again!

Cosycover · 28/06/2023 09:57

We have about 1900 after bills and food.

I have started budgeting as this all gets spent and I have no idea how!
So I got a bank account with those little jars.

Yogacameltoe · 28/06/2023 10:20

Where I live people need to earn 40 x the monthly rent to qualify!

TediousTim · 28/06/2023 13:21

When people say money for "leisure" does that include savings, or are people including that in their outgoings?
We have about £3000 pcm left after bills, but food for five people and a dog, petrol, kids' clubs, kids' pocket money, presents, things the kids need like endless new shoes/clothes, stationery, replacing lost lunch boxes... etc, come out and then we probably have about 1500 left which we try to put into savings. I go out with friends a couple of times a year, we get a takeaway once a month at most, only eat out on birthdays, and generally have a four-night holiday in the UK once a year, so it's not always £1500 in savings.

fancreek · 28/06/2023 13:51

I spend about £1600 a month on 'non bills' so food, travel, socialising, tv streaming, clothes and make up etc. I'm single so no kids etc to come out of that

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