To ask what you spend your monthly budget on

[Eliza19882]

Prompted by another thread and TBH I’m just nosy at how we stack up

600 mortgage
200 energy bill
50 petrol (I cycle to work and DP claims all petrol on expenses)
300 food inc pet food
40 water
75 various insurances
100 cleaner
500 fun money split equally between us covers clothes or birthdays
130 council tax
70 car insurance
25 subscriptions
200 savings

think that’s about it! Need to do a proper budget!

No mobile phones?
no children? Clubs/wrap around care?

Phones yes - 45 per month.
children, no not yet!

Why would you post a breakdown of your monthly budget on Mumsnet? The mind boggles!

So people like me can stare at it and ask questions like, 'But why do you spend so much on insurance? What's that for?'

Ours is pretty similar except we don't have a cleaner.

I love it when people post these 😄.

Your phone costs are very high, are you still in contract?

There are a lot of categories you haven't included too - I like to include as much as I possibly can.

So people like me can stare at it and ask questions like, 'But why do you spend so much on insurance? What's that for?'
Car insurance, home insurance, life insurance.
Our life insurance with critical illness for 2 people is about £50pm

Sex drugs and rock and roll

Food £1500
no mortgage or rent
electricity and gas £200 (included car charge)
eating out £600
sky, BT sports, Amazon etc etc £150
phones £100
private health £750
holidays £1600
council tax £220
water £80
spa membership £400
insurances £55
personal spending money £1400 for DH and myself
2 x cineworld £39
varoius other bills I can’t think of

No broadband/tv?

I can't be arsed breaking it down but I've cleared my mortgage and don't have kids. I spend it on food, utilities, phone, broadband & TV, fares (sometimes I cycle, sometimes I get the train), charity donations, insurance, save some for holidays.

I don't really save for retirement, I have some tucked away but I have a good pension, and we're planning to leave London and buy somewhere cheaper to release equity, plus I have a property I let out.

Course you do.

If you're telling the truth, you spend more on food and eating out than I earn, and I thought I had an OK but not huge salary.

£230 food (just 2 of us)
£60 gas/electric (used to be £25!)
£5 mobile contract
£30 water
£15 broadband
£150 Council tax
£140 Petrol
£25 gym
£10 car insurance
£9 home insurance
£10 meds

Everything else goes into savings.

So people like me can stare at it and ask questions like, 'But why do you spend so much on insurance? What's that for?'

I've just done that! Though more from the point they look disproportionate and don't make sense

@Spidey66

Nosey, but you posted it for our perusal.

How do you spend £1600 per month on holidays but £200 on gas and electricity. A tiny amount. Unless it's because you're on the holidays, or spending £600 allocated to eating out, and not using the gas and electricity, or have a tiny house 😵‍💫

Sorry spidey! Wrong person.

@mernie because a) see above, I’m nosey. It’s an online forum and I wouldn’t discuss this with friends in real life and b) because there are lots of smart and financially savvy people on here who can point out where they think I’m overspending and could potentially dial back spend/budget better

@Redouble that’s amazing how do you do gas and electric so cheaply?

How do you spend £1600 per month on holidays but £200 on gas and electricity. A tiny amount. Unless it's because you're on the holidays, or spending £600 allocated to eating out, and not using the gas and electricity, or have a tiny house
I have quite a big (1600 sq feet I think) 4 bedroom modern house with solar panels and a good fixed rate until sept 2024.

Course you do.

If you're telling the truth, you spend more on food and eating out than I earn, and I thought I had an OK but not huge salary
4 adults living at home

It's a well insulated house to be honest, and I don't know how much it helps but I cook in batches, nothing is left on standby, in winter my heating is set a bit lower than average, we just put an extra layer on or use a blanket in the cold evenings. Radiator valvess are set to low in every room except the living room.

It's just 2 adults, which helps. I feel for families - if we had kids I'd want the house warmer for them and probably use more gas/electric generally. And we'd need a larger house! This one is quite cosy (800 sq feet so very small by Mumsnet standards, where everyone is on £100k salary and thinks 3000 sq feet is minimum living space....)

I'm a single parent of one child.

Monthly income after tax/NI/pension - £2200. Should point out this includes a high amount of child maintenance from ex husband (£600).

Mortgage £300pm (2 bed semi).
Council tax £90pm (band A single person discount)
Energy £140pm - just risen from £70pm I was previously paying.
Water £30pm
TV and internet package £70pm
Phone £30pm
Contact lenses £25pm
Various insurances (house, contents, life, travel) about £40pm
Childcare costs (1 day a week in wraparound club for school age DS) £86pm

I'm not great at maths but I think that's around £810. Then food, I can spend anything between £30 and £80 a week depending on what I have to buy, so I'll average it out to about £250pm. So that's £1060.

DS does hobbies that come to around £170pm. So added on to that, £1230.

Sounds about right, I'm normally left with about £1000pm after all bills, food etc. I just buy what I need when I need really. I'm not one for clothes shopping, I get my nails done once a month. I like holidays. Whatever is left at the end of the month I stick into savings. I've got a savings account for DS and one for me. I know you're supposed to do it the other way round and put savings away first before fun money but I could die tomorrow for all I know so I want to live a little as well.

Similar to op plus wraparound care for dcs which works out at about £250 per month.

I spend a bit on fitness as well, which works out at about £100 a month total, which is a lot I know, but I don't have any other hobbies really, other than reading.

We don't pay for TV, don't have Netflix or anything.

Kids outings cost a lot (especially over half term), and they have some clubs they go to. I'd guess about £300 per term on that sort of thing...

Then clothes, birthdays blah blah

I just looked at my banking app and saw last month we spent £1300 on eating out 😂 definitely shocked!!

0 - mortgage
100 - energy bill
100 - petrol
No idea - food
? - water (it's on my CT)
60 - various insurances
0 - cleaner
0 - fun money split equally between us covers clothes or birthdays (we don't do this we just have money, it's not an allocated amount, if I need to buy a birthday present I just buy it)
120 - Council tax (inc water)
35 - car insurance (but I included this in 'various insurances' above
Netflix, Amazon prime, Disney + subscriptions (dunno how much they are)
Whatever I can be bothered transferring - savings (I'm not a natural saver)

£1100 mortgage
£1000 nursery
£280 rates (live in NI)
£400 food
£19 phone
£30 contact lenses
£600 car x2
£100 after schools club
£56 sky
£156 gas
£87 electric
£200 various insurances
£10 Apple Music

I'm left with about 10p