To ask how much your monthly direct debits come to?

[Shallwehibernate]

I just want to know if ours are within the normal range.

Ours come to £1750. That includes mortgage, all bills, kids clubs.

Does not include shopping, petrol and anything else.

Our monthly income is around d £4000 a month. It does go up and down so could be £3700 or £4100 some months.

Around £700 a month goes on groceries. £120 on petrol.

Just over £3000. Split about a third each way mortgage/bills/costs associated with kids.

£713.68 a month. That's for me and 2 teen dc. Includes £53 of dc activities.

£2473

£2022 per month

Includes :
Food
All utilities, council tax
TV licence
Mobile phone
Pet insurance
Spotify, Netflix and Prime
AA membership
Gym membership
All insurance (life critical illness home)

Doesn't include :
Car insurance (paid annually)
Money spent on DS2 uni rent and allowance
Petrol
Pet food

Also includes broadband

£1500ish joint for rent, utilities, life insurance, pet insurance, kids activities etc, then I pay about £200 additional for loans that are just mine, as does husband

Interesting, our income is about the same but I would be uncomfortable having fixed outgoings that high.

Mine are £1650, that's everything I pay for monthly from rent, council tax, utilities, car down to netflix, Spotify and kindle

Obviously I could cut it down, but it's more than manageable

£2670 😲

Which is painful, but it is what it is. It's covered by one wage and the other covers savings, food, clothes, petrol, holidays etc.

It's around 50% of our total income, as we also get child benefit and DLA for one child.

Looking forward to 17yo DS1 getting a job though, he is so expensive at the moment!

783, 2 adults, no mortgage

£4500 unfortunately

£346.98

No mortgage, debts, car payments. No kids. So this is utilities, TV licence, council tax, broadband, mobile phone, Netflix and Disney+.

Gas/electric is in credit.

I didn't include the cc payment as I pay it off in full every month but it's all discretionary spending.

Just under £4000. 1/3 mortgage, 1/3 school fees, 1/3 monthly bills

We clear £10k a month, around £5k each so we’re able to cover all outgoings + essentials in the event one of loses our job. We own three properties that we rent out so could sell off assets if necessary and both chartered so in high demand in our field.

But it’s all about risk appetite and everyone’s different, that’s why these threads are usually of little help to the OP.

I won't tell you how much our DDs are because I haven't worked it out and our circumstances are almost certainly very different to yours, so won't help anyway.

Only you can work this out. It could be that your essential costs take up a high percentage of your income and there isn't much left.

It could be that you're underestimating the cost of annual and irregular expenses, such as insurance, car repairs, holidays, Christmas etc, which can take a decent chunk of your monthly income on average over the time.

Or it could be that you're spending a lot day to day (food and drink out of the house, general 'bits' or top up shops etc) and it's more than you can afford.

If you're the type of person who spends most of their money on card or DD, download all the transactions from your accounts for 2024 (assuming that year was typical) and use this to see what you're really spending. Also have a look at Moneysaving Expert for advice on setting a budget, cutting costs etc.

https://www.moneysavingexpert.com/family/money-help/

£1087, that's everything . No car loans , no debt .

🍰 ... I believe.

£240

£2600. But that's not including kids activities or school lunches which I pay for. That's purely bills and dd.

£1319 (single, min wage earner)
The only thing on top of that is food and any petrol