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 😋

Mortgage: £1200 for a smallish 4-bed detached
Council tax: £240
Bills/utilities (water, gas, phone, internet, insurances): £400
Tube costs: £250
Childcare (2 children, 4 days a week but one gets 30 free hrs): £1100
Food: £400
Petrol: £100

Childcare is not much more than our family 200 miles further north pays. And although our mortgage and commuting costs are higher, we earn over 12k a year more between us by working in London than we would anywhere else. Plus commuting by tube means we can easily manage with one car whereas everyone else we know outside of London has 2 cars per couple.

@itsemily are you saying that your childminder costs less than £20 per day? How many children will he or she be looking after in order to earn a reasonable living? That seems way too cheap...

Our household income is around £3k.
Our mortgage is £550, childcare £120 (we're shift workers so just one day a week), essential bills £400 and personal bills like loans/phones/commutes £800. We probably spend about £400 on food/household stuff as we have two in nappies. We both have Monzo accounts so we know where everything goes. We're in South Wales.

@chuttypicks yes that’s right , from 8-3 when I drop off and pick up before and after work , and she does 15 hours free part of the government funding too. She looks after 6 children a day , but varies on each day that parents will have their children there

Income about 12,000 per month.
Mortgage: 1600
Council tax: 260
Gas/electric: 170
Food: approx 600
Petrol/cars: 250
Insurances: 400
Holidays: 1000-1500 probably closer to higher end most years
Kids/activities/meals/days out/day to day spending/presents/birthdays etc etc: 1000-1500

I know that we are incredibly lucky and for our income we live a pretty modest lifestyle. No one would really know we take home that much apart from our holiday obsession as we take numerous mid-range holidays rather than one or two fancy ones.

We live in the south-east and we are not frivolous but we have pretty much everything we want, we don't buy many material things and have no real interest. I think we could live on maybe £1000 less comfortably without watching the pennies but anything less we'd have to be quite careful not to overspend as we have got used to saying yes rather than no.

I'm very aware that most of our outgoings are luxuries not necessities though.

Income about 8k a month

Outgoings are now over £6,500 including food (£600) - I'm paying off my credit card at about £1500 a month

Mortgage is now £2,600, costs of me running my self employed business are about £900 a month. Usual other outgoings - car/tubes about £400 a month, loan (finishes in April) £430, insurances, dog daycare £400.

So huge income, huge outgoings - don't go abroad on holiday, have 15 year old car.

I'd love to know what some of these jobs are! So I can go back to uni 😂

Bloody hell! I wish your childcare bill was mine! I pay £200 pw for 3 days just for DD! We live in SE. Income is around £4k, Mortgage is £900 (3 bed semi), childcare is around £1.2k on an average month, bills around £500 then we save around £400 for expected one off expenses (car MOT/Tax, brown bin, home insurance etc). Then the rest goes on food, kid costs (new clothes every 5 minutes!), days out and personal expenses, hair cuts etc. We also save every month for birthdays and Christmas and some rainy day money, though not a lot!

Are you sure you've understood the childminder rates because that seems unbelievably low?

South west.
Incoming around 1700 (although it varies)
Outgoings (everything) is 1500
The ‘extra’ goes into savings and a ‘just in case account’.

Incoming 7k
Outgoing 6.4k
Luckily DH gets a decent bonus so we can have a holiday.

We live a great life with no real worries at all but it’s not luxury. If you’d told me when I was a kid we’d have 7k coming in every month I would have imagined we would be living in a mansion made of gold with hold and cold running yachts everywhere. Happy to post a rough breakdown of outgoings if of interest.

I'm also in Derbyshire.

I'm a single mum of one. I work 25 hours a week school hours. My income including tax credits and maintenance from ex - after I have paid into my workplace pension - is £2k a month.

Rent, bills and food come to £1k a month so I have £1k disposable. No childcare costs due to me working school hours and no travel costs as I live within walking distance to work and DS's school. I do not own a car.

I have been saving and have just bought a house with a decent deposit so I will probably have an extra £200 a month to play with when I move in. Thank goodness property in the Midlands is still affordable!

So £1200pm disposable income. I plan to budget £500pm for holidays as they are important to me. £200pm into a savings account. £100pm into a savings account for DS for when he's an adult.

That will leave £400pm for treats and luxuries, eating out and days out.

Income 20k give or take.
Outgoings 10k give or take.
That's per year.

@Waxonwaxoff0 good on you for saving up for a house by yourself that’s amazing !! It’s so much more affordable when you have a mortgage as rent can be so much more ! Derbyshire is a lovely place to live and so affordable !

We are NW and find Derbyshire expensive, much further south not really affordable to all.

We are in Ireland and incoming is approx 5,500
We are very lucky to have no mortgage

So outgoings MONTHLY;
Electricity -€50 (average)
Life insurance -€70
Phone bills x2 -€60
Childcare (for 2 dc) -€200
Health insurance -€230

ANNUAL PAYMENTS
House insurance €500
Car insurance/Car Tax x2 €2300
Property Tax €100ish

I can’t think of anything else right now, I think that’s it though.

@itsemily thank you! I have been saving for 10 years. It's taken so long but it has all been worth it. Didn't want anything fancy, as it's just DS and I, I have bought a little 2 up 2 town semi. But I am glad to have something to call ours and not my landlord's! Just counting down to move in date now.

@Drabarni I think it depends what part of Derbyshire you're in. My house that I have just bought cost £100k.

Aw, I see. We looked at Repton as had family there at one time.
Couldn't afford half our house there

I earn £1170 a month (no kids).

Mortgage is £450
Phone £25
Gym £35
Petrol - I don't use the car at all in the week but usually spend around £40 a month for using it at weekends
Food - spend about £30 a week

I'm in London. DC all grown up now. Take home around £2700 p/m.
Rent £700 (Housing association)
Bills £300
Food £200
So it leaves me £1500 disposable which all goes in savings for large purchases, holidays etc.
Don't run a car or have any "extras" like gym membership or a cleaner etc. So I suppose a lot of people would say I live frugally. I tend to build up savings, then spend them on the house or going away.

Couple in mid to late 30s
3 bed terrace in east london
No kids

Fixed outgoings are £2410 per month incl mortgage, sky, council tax, life ins, car costs, investments etc etc

Income varies month to month but our outgoings are probably 30% of net income.

Live just outside London in a standard 3 bed house (still on the tube). Income of around £5300 and outgoings for everything are £4300. The outgoings are everything apart from saving for our yearly holiday. So it includes money we put away for birthdays and Christmas, food shopping, £400 each "spending money" on going out, hairdressers etc, and £100 for the after school childminder. So we have just over £1k a month to cover holidays and savings or extras

Our mortgage is just over £1200 a month

My outgoings are more than my income !
I do earn full time but I’m a low paid job because I have to juggle around my kids (single parent ).

I’m amazed at how much some of you (a lot of you ) have as income ! You’re rich .