To ask what your outgoings are?

[GaaaaarlicBread]

Sorry if it’s personal , don’t answer if you don’t feel comfortable. My husband and I are just watching Wanted down under (love it!) and a couple are moving from London , and I couldn’t believe how much they earn for the same jobs we can get in our city , but then DH made the point of what the cost of living is like in London compared to us here in the East Midlands. We Googled the cost of living roughly for London and even though I have family there, I was shocked by the rent etc. So just for fun really, I was just wondering what your income is, roughly where you live County wise, And what your outgoings are/what you’re left with.
My husband and I are expecting our first baby this August, and we manage our money with a spreadsheet etc so know exactly what we have coming in and going out, and any disposable income, but it’s always good to know any tips on saving/working childcare etc.
We live in Derbyshire, husband works full time and I work 32.5 hours a week but I am dropping to three days when baby arrives and they will go to a childminder for those three days .
Mortgage is: £534 for 3 bed semi (DH pays the mortgage)
i pay the bills: £480-including life and house insurance, and including ‘Hello Fresh’ which is our food delivery of 4 meals a week-it’s basically fresh ingredients to make decent meals and then we do a small shop for snacks and packed lunch.
Personal bills for me-including phone etc: £200
For DH: £150
We don’t have a car, and walk most places as we are lucky we live 5 minutes from work, 10 mins walk from the city
We are left in total between us with £800 disposable income; I know this will change with childcare though. The child minder charges for three days a week- £200 a month.
if you have any tips on how to manage money when you’re a first time parent let me know , like nappy brands etc 😋

We are in London commuter belt. We have one income of a little over £5k a month. We pay £5.5k a year in train fare.
Mortgage is £1600 a month for a smallish 4 bed detached.
We have about £700 of outgoings for council tax, ultilities and insurance.
Family of 4 so about £600 a month on food.
After pensions, fuel for the car and kids hobbies we have about £1500 left that is going to clear a little debt we have from before earnings were so high.

We realize we are incredibly fortunate btw! We pay a lot of tax and also donate considerable amounts to charity. I wouldn't like to condescend to give you tips on spending - though I can't shake being frugal myself!

Our income is roughly £4200 and expenses £2500 or so. That includes everything: mortgage of £700 on four-bed detached, food, council tax, cars, phones, utilities, pet food, dog walker, window cleaner, life/pet/home insurance etc.

Oh and we are in the north-east of Scotland

@Justwantapeacefullife Thank you for your response , it’s really interesting to read! I always forget that although income is high in London, your outgoings are equally high too. So although £5K a month sounds a lot to us, you commute , have a larger mortgage etc to us so it probably works out the same ! What hobbies do your children do? As we have already started talking about potential hobbies for our child to keep them active etc, and we are both into dance (I was a dancer growing up and my husband loves dance as a sport too), and it would be £20 a month if our child was interested , and that’s for 8 hours of class over 4 weekends. No idea what other hobbies exist for children ! Totally clueless lol!

We are fortunate in that we don't have to pay for childcare as I work from home and can work around naps and when DD is in bed. If I worked a standard job and she was in nursery four or so days a week, we would be £800 a month down from that alone.

@DesLynamsMoustache ooo Scotland looks lovely ! I have never been but DH has family who are from Edinburgh. Thanks for the reply ! Our rabbit barely costs anything and we’d love a dog one day but would have to have a dog walker and they cost a fortune here , for saying everything else is fairly reasonable ! The rabbit only costs less than £9 a month so a dog would be a shock 🤣 our window cleaner only charges £10 every 4 weeks so she’s brill!

@DesLynamsMoustache that is very fortunate, the nursery by our house that works round shifts charge £900 a month and don’t offer 15 hours free either like some do. I literally wouldn’t be able to afford to work! So we found a childminder and she is lovely and much more affordable !

Not going to go into our outgoings but I can confirm that the rumours are true - Aldi nappies can’t be beaten. My DS has put several brands through their paces and Aldi are the winners. Don’t pay the extra. Also, the “Nonsense Aisle” as we call it is good for all sorts of baby toys etc.
Also, for the job they do I’ve found Primark baby clothes to be as good as any. I like the choice better too - Next and H&M and the like are all so drab. You don’t need baby clothes to be long lasting - they are going to be pood on, spewed on and grown out of in matter of weeks anyway.

Both our children attend stagecoach classes so that's expensive - around £600 a term (for both). They both also attend swimming lessons - that's around £300 a term (for both). Then they do a Marshall arts class around £100 a term.
DH and I are both heavily involved in two community organisations too. That has subs of about £150 a year and then the cost of social events a couple of times a month.

I have a lot of friends in London - or rather had, until they all moved out.

I've always felt a lot more relatively wealthy, living in Birmingham. In fact, when living in the centre near the station, it only took me a very little longer to be in the centre of London than my friends who lived there.

We have a combined income of just over £100k, which isn't millionairish, but with take home of over £5k a month and joint pooled income for necessities plus holidays coming to £2.8k, we've got a LOT of spare money on our hands.

(I honestly don't say this to brag. Our financial position has changed rapidly and significantly in the past two years. We save a lot of money, but I am carefully conscious of my changed attitude to money, risk, life events as a result.)

We bring in just over 5k a month.
Mortgage is £800 for a large detached 3 bed with land and stables in the south west.
Other 'joint' bills total about £500. We each keep back £700 a month for personal spending and I pay and extra £300 a month off my credit card which should be cleared in the next 3 months so that leaves us with just under £2.5k spare a month in theory (if my basic maths is correct!) However, at the moment it all gets spent as we are doing a complete house renovation.

Outgoings including food and childcare are approx £3200 a month. Mortgage is £1150. We live in London if that makes a difference.

Outgoings around £3k not including fun stuff / entertainment / hair and beauty / clothes / food etc.
Income 5.5k pm
SE London - mortgage is £1300 for a 2 bed terrace, my commute is £140. Childcare £150 pm but pay for clubs on top to stretch that out.

My dog is expensive he has a long term condition so insurance has rocketed.

Incomings including dla of 3.4k. Mortgage of £600. We have enough to over pay mortgage/add to savings etc. Main outgoings are food ~£500-600 a month and general bills £600-700. No childcare costs as I don’t work. South East.

We are in the east midlands and have around £1500 left a month from wages once the bills are paid, can vary a little but either side depending on over time etc. I work from home but youngest does go to nursery two days a week until April and then she gets her funded hours so no childcare then.

Outgoings about £3000 a month. Not including my beauty products, clothes, holidays etc.

The child minder charges for three days a week- £200 a month

That sounds criminally low - are you sure? Or is it not three full days?

We pay for 4 days in a city in the North and it's £650...

We are on a single income at the moment ~£2000 a month
Rent is £1000 for a large 2 bed flat in home counties. We have a 5yo, 2yo and newborn twins. Bills come to around £1200 a month, including phones etc. Food and groceries, nappies etc comes to £250 a month. We save around £400 a month.

We are relocating to just outside Birmingham in the next 6 weeks, with an increase in DH's salary. For the same rent, we will have a large 3bed house with garden. I cannot wait to be throwing much more into savings every month, and get a better home life with the money we do spend.

Combined income of about £120k.
Total outgoings for two adults, two Teenage DC, four bed semi, no mortgage all in around £1,200. Spare money goes on holidays and in pension and investments to hopefully retire early. We save far more than we spend.
NW England.

Sorry that reads so messily (can you tell i have newborn twins? )

Income just over £2000
Rent £1000
Total bills (phones, insurance, gas etc, but not rent) £600
Groceries etc £250
Savings £400

Combined income around 10k per month. Mortgage 2.1k. Train fare + station parking £920. Childcare £800 for wrap around 4 days. SE commuter town.

We are left with about £1600 from my DHs wage. I don't work. I save £500. Christ knows where the rest goes 😂

Outgoings total: £600 (2 adults, no DC, house owned).

We save around £1000 every month.

We're in south west london
Joint income is about 110k, around 5,500 per month
We pay 1300 each into the joint acc for rent and bills
Mortgage will be a bit more when we buy something but rent is 1400 per month.
I have about 1000 left over, my dh has more as he earns more. I spend 160 on gym, v expensive, but trying to go and make it worth it. Probably 120 on travel into london for work 3 days a week, work from home other days. Dunno what else I do with it... We generally eat out every week, usually between 100 and 200 for a meal but my dh generally pays. We also go to the theatre a few times a month. We take a lot of ubers.