wondering if our monthly expenses/budgets are ok?

[yumyumchocobun]

hi, i know this might be an odd one but just out of curiosity after having a convo about it with someone i'm wondering if our monthly expenses/budgets are decent and if you would consider them tight/normal/comfortable.

we are a small family: husband, me and 1 year old baby.

our mortgage on a 2 bedroom 2 bath flat in london, a 2014 car, internet, phone bills , electricity, water, gas, insurance, service charge etc is all paid for without any budgets.

the (monthly) budgets include:
£450 for groceries including food and cleaning supplies.
£50-£60 gas for the car
£200 for spending (going out as a family, or buying stuff for the house or baby. example: if we need a new jug or pan, or going to the zoo as a family, eat out, or if our baby needs new shoes etc)
£200 for me personally (to spend on clothes, shoes, cosmetics, if i go out with my girlfriends, etc)

We have 1 longer Holiday a year thats not within the budgets and if we decide to go somewhere extra for like a weekend it would either have to be for an event such as birthday or anniversary or we'd have to save for it from the spending budget.

larger items for the house are usually purchased annually with my husbands bonus (for example this year we bought a new ikea tv stand shelving unit for £650 + babys new carseat £200 + outdoor storage unit)

Birhday gifts / family gifts / wedding or graduation gifts for other people are usually also extras not within the budgets unless i'm going alone to my girlfriends party then i'd pay for her gift from my allowance.

we save around £1300 a month on average.

would you consider this life tight, normal or comfortable?

also not sure if this is relevant but i am a stay at home mum so all this is provided by hubby.

also not sure if relevant but im 25 and hubby is 27

You live in London as a SAHM with a working husband, two holidays a year and you SAVE £1300 a month.

Your question is quite ridiculous. Obviously, you're COMFORTABLE.

YABU for the ridiculous stealth boast.

Very comfortable

Does some of the savings include a pension for you? If not, why not?

Get something set up ASAP.

obviously you are on the breadline - sorry OP but given the number of people using foodbanks and turning off heat you perhaps need to read the room a little !

You know what else is quite ridiculous @yumyumchocobun …

not posting this in here

www.mumsnet.com/talk/legal_money_matters

where you would get an actual response from people who can discuss your finances instead of lambasting you for talking about monthly budgets in AIBU

once again for those in the back… Mumsnet is not AIBU. There are other parts of the forum!

Blatant stealth boast.

Congrats.

Very comfortable

sorry lol i added in extra info because usually whenever i post something people would ask for additional info so i thought this time i'd write it all XD

So would it be okay for you guys to write down ROUGHLY how much you spend as a family of x ?

What's the point of your thread/question, OP?

You have enough money to cover basic living expenses.
You have enough money to buy extras, holidays and breaks.
You have enough money to put a bit aside each month.

Why do you need random internet strangers to tell you that your finances are fine because of the above?

Money is all relative. Some people will see you as absolutely rolling in it, some people will see you as being quite poor, some people will see you as being bang average. Why does it matter?

How much disposable income does your husband have if you have 200? Plus savings and another 200 family spends, I'd say you were comfortable.... a lot of families are currently in negative figures each month with no savings or disposable income.

well, there's 4 of us and our monthly food budget is £300.

My income alone is just slightly more than you save.

there's 0 going into savings and there's no big holidays, we both work full time and we have maybe £30 each a week for days out and personal spends -

does that make you feel better OP?

Answers will range from 0 free spending and a lot less on food etc to several thousand

How does that help ?

tbh i was just being curious, if my question bothered you you didnt have to answer it. thanks though..

A budget is very ok if

You can buy all the essentials you need
You have savings for a rainy day
You are saving in your pension
Everyone is happy that they can buy a few things they want

not really sure what "disposable income" is but he is on around 90k salary a year before tax, aka 4.5k /month after tax

do you mind if i ask what you and your dp work? not for any reason really just out of curiosity and ofcourse only if your comfortable sharing

You want us to tell you if your monthly budget is OK? Why?

You save around £1300 a month so you are very comfortable or well off if you want to know opinions. You don't say what your mortgage amount is.

Why do you need to now what others spend since you have plenty of money over and are obviously comfortable? Is there a hidden question or a journo behind this>

I always find threads like this ridiculous. For some people in your situation, they’d be perfectly fine and would manage with only £30 a week after all is paid. Other people would be horrified if their weekly spending money was less that £1k 🤷‍♀️

What exactly is your question?

I’m surprised you are managing to get rent for a 2bd 2bath in London, service charge, council tax, utilities, mobile phones, insurance, car insurance, car payment and all other bills basically for the remaining £2200.

I don’t need to share our jobs, but we are on around the Uk average salaries each - so jointly earn 2/3rds of your husbands income.

got a mortgage on a 4 bed detached house though - swings and roundabouts.

A stealth boast about a salary that isn't even hers! What are you going to do in a few years when your husband disappears off with his secretary and you have no career?

I would forget about the budget and focus on getting a career if I were you!