How much do you have leftover at the end of the month?

[Littlelilaclamp]

Just that really. How much do you have left over at the end of the month after all necessities (excluding food) are paid for and do you feel comfortable?

We bring home about 2000 a month. £940 of that is mortgage and bills. So we have 1060 for food and whatever else. I know we don't bring home a huge amount but I always feel comfortable. We have no debts and live a fairly simple life.

@Nosuchluck

dwiz8 it all goes because we spend it all.

Mortgage £1050
Uni contribution for 2 DC £1000
Food £1500 but this will reduce next month
Car and petrol etc £400
Savings £500
Holiday £1500 I think it will be less next year as finally broken the taking DC on holiday with us routine.
Weekends £700
Me for hair, lunch with friends, clothes £800
Bills, not sure I haven't added them up but not much as always switching suppliers etc
Mobiles £180 for 4
Gym £50
Cinema pass £17
We do some quite a bit on various Sky Q boxes and BY sport
The rest on random stuff such as things breaking or a birthday meal out.sport
There's never any money left.

Jeez, you do realise that if something happens to one of you (divorce, illness, redundancy, sudden unexpected death), you are absolutely fucked, don't you?

Zilch. Living on basics and okish mortgage but a nurse and DH in military with a baby constantly watching the pennies have constant money stress. Don’t eat out, haven’t holidayed in years, haven’t bought ourselves things like clothes, bags etc in as long as I can remember we somehow end up with zero. Only explanation is picking wrong careers 😂.

Not much at all which is sad given DH is a high earner (100k+). Our outgoings are insane.

@makingbacon

Not much at all which is sad given DH is a high earner (100k+). Our outgoings are insane.

Aren't you the same poster who was really rude to the poster on the other thread about money? Yet your DH is a high earner ... pot kettle black

Jeez, you do realise that if something happens to one of you (divorce, illness, redundancy, sudden unexpected death), you are absolutely fucked, don't you?

Nah they have savings of £500 a month which has probably been ongoing for quite a while since they have a regular spending of £800 on luxuries. Would just have to cut back on the spending and holidays probably.

Between me and OH, we bring in around £2500 a month. Our rent is £700 a month, bills and debts around £300, we spend around £500 a month on food and household items, and put £600 into our savings account (saving for a house deposit). So we have £400 left at the end of the month to spend on clothing, treats, days out etc. Most months it feels like more than enough and we never feel like we go without. However in December, or months where we have multiple birthdays or we have a large unexpected expense it is a struggle, and on those occasions we do end up dipping into our savings.

Nowt.

Pre-covid we probably had around £300 disposable income due to OH’s extortionately priced train ticket into town. So working him from home has meant that we are £100 a month better off.

Back in my uni first few months I got a letter from my bank, very friendly and polite, just pointing out that "there was too much month left at the end of the money". I took it to heart.

@KeepingPlain

Jeez, you do realise that if something happens to one of you (divorce, illness, redundancy, sudden unexpected death), you are absolutely fucked, don't you?

Nah they have savings of £500 a month which has probably been ongoing for quite a while since they have a regular spending of £800 on luxuries. Would just have to cut back on the spending and holidays probably.

No point saving £500 if they then go into the overdraft every month. £500 off the overdraft each month would be financially better, as there's no effective interest on savings, but overdrafts charge interest.

Also, if one keeled over or disappeared with a new partner, there's no income to pay the overdraft/mortgage/bills, especially if the bank account with the savings is frozen or emptied.

It's a ridiculously precarious position to deliberately put yourself into.

We budget, or try our best too.
So nearly every penny is accounted for.
I try and give myself 40 a month for totally personal stuff.
We budget for weekend money, petrol, holidays etc.
We don't put enough in savings or pensions though.

Mum to be, start putting 100 of that 400 per month away and by December next year... Over a grand for the bday, Xmas etc...

After all bills, food, expenses etc, DH and I save between 2000-2500 pm.

We live a pretty frugal lifestyle and it’s been boosted during lockdown of our end of financial year pay rises kicking in & reducing travel and lunch expenses.

We’ve been doing a fair amount of renovation which took up a chunk of savings so are saving up again to cover my maternity leave and baby costs.

After all bills, savings for DS, food, fuel and our ‘pocket money’ we have between £800 and £1000 left which gets saved.

Roll on next January though - 30 hours free childcare and a couple of high payments on debts that will be cleared and it’ll be in the region of £2k!

FWIW - we don’t bring a massive amount of money in but we do live in a modest house for what we get paid and live well within our means.

8k after bills
7k after food & childcare
2k after savings - split £500 each for personal spending and £1000 for family stuff (days out, meals out, kids clothes etc)

Probably around 1k between us at the absolute minimum. But we're both self employed so our incomes can vary each week and month. Some months we have more - around 2k or so.

This is a weird thread.

Allot of people bragging and being massively insensitive to the many people who might view this on the poverty line.

I have no idea because I've never written it down. I earn money and I spend it. We've recently paid off the mortgage so I should get my pension sorted. I couldn't even guess how much I spend on food or clothes etc a month.

After all bills (including budgeted food shop) are paid for) have £151.39 a month left. This will increase to just under £400 when I finish off paying debt in just under 2 years.

I think there is a ton of fantasists on this thread😂...most people who are “high earners” don’t discuss money out loud.

Why secret? It’s an anonymous forum, hardly shouting about it in my local co-op