Is £2250, month, enough to live in post all livings costs are paid for

[Isitenough2250]

I am very aware that I may get slammed, and I am
prepared. DP has had a terrible time at work the past few years, as we have both seen terrible side affects of what stress can do heart attack/ stroke/
severe mental health issues - we thought it best for him to leave the job. Having worked out our budget, post mortgage/ bills/ insurances etc being paid we have £2250 left a month. That is for two adults and a cat. Out of which is food and then life costs, as in choices - gym/ hair cut/ going to the cinema.

Having never had to budget ever, is this enough? Sufficent savings/ investments for emergencies…..it is 2250 that we have come up with for food and miscellaneous spending.

Am prepared to be roasted, also any budgeting tips appreciated.

We think it will be about a year.

Can’t you can speak to someone at your bank, or speak to a financial advisor or wealth manager? If you’ve been spending thousands a month without a second thought for years surely you have someone who looks after your investments etc.?

We do, we have a wealth manager and we are speaking to him this week. My anxiety took the better of me at the weekend.

I wonder if the wealth manager will tell you you can't afford a wealth manager any more?

‘There’s nothing to manage here’ 🤣🤣

I would sack the wealth manager 😆

You have a wealth manager and you're worrying about surviving on £2,250 a month? Right, ok....

Good luck with your search for a zero stress life. I've never known anybody who had one of those at any income level.

lol!
that might happen! People do sack you off when the going gets tough, people don’t like mental illness…..they think it’s contagious.

A lot of higher earners exist in our society, I understand that doesn’t make for comfortable reading for anyone struggling.

The pile on is unnecessary and bitter.

Higher earners shouldn’t be hated and derided for having surplus income.

Are you married? He’s in a vulnerable position if not. Does your budget include being able to service his pension?

I earned and wasted a crude amount of money in late twenties, hadn’t a clue about money management as I’d lacked nothing. Money managing isn’t an automatic quality for high earners/wealthy people. It still has to be learned.

But yourself a decent coffee cup / flask and start saving right there.
Will pay for itself within a week.
Painless.

My husband and I live off a similar amount after bills.
The only camping we do is at festivals (where we always upgrade to the glamping option), and we don't need to shop in Aldi.
This is not a camping and Aldi level budget, anyone who thinks it is is either out of touch or incredibly bad at budgeting.
Of course, you could still try them as you might like them and be able to pocket the extra savings. But that's true no matter how much money you have.

Please OP the going has not got tough.

I sympathise with your DH’s mental health positions but please understand people are out there dealing with the same mental health issues and surviving on a LOT less, and supporting DC.

Yes you will be able to live on that, no question. Whether you need to cut back on your current lifestyle, depends on what your lifestyle actually is.

Do a proper budget and list everything in it. Absolutely everything. Even if something costs £12 per annum - put that down as £1 per month. And keep £1 each month aside until it needs to be paid. Do that for everything and then you will be able to see where, if anywhere, needs to be cut back on. I keep a register which shows how much I have for each thing needed. The total goes into a separate account every month, so that Ihave the cash when something falls due

I don’t think there has been a pile on by any means. However, many posters are quite rightly astounded by the OP’s total and incredible lack of awareness about how a very significant proportion of the population live outside of her little bubble.

What pile on?

While I appreciate that, it doesn’t change that yes, overnight things have got tough for me. With all due respect you have no idea how bad my partner may be. It’s not helpful to minimise.

Median household disposable (pre-tax) income is £34,500 (ONS, 2024). Using a salary calculator, this gives a take home amount - i.e. before any bills, mortgages, food, anything else - of £2,363 pcm.

So, you are very wealthy compared to most, and it's perfectly possible to live on much, much less than this, as most people do.

They are not being. There's no hatred, and any derision is for the ignorance of not realising how much more money than the average they have had, and will still have. Not for having it.

We earn more than that and we often shop in Aldi. Why wouldn't we? Some of the stuff is a lot better than most other places.

I have no doubt things are tough living with a partner with significant mental health issues but please understand your problems are not financial. You haven’t asked for support in that sense you’ve asked for financial advice.

Respectfully, you know you have enough to live on and you knew you might get roasted for this.

Are you in the UK @Isitenough2250 I always ask as it's different if you're not.
You were posting in the middle of the night (2am ish).
Is this a sign of how worried you are, or are you in a different time zone?

There's a huge amount missing from your posts.

What's coming over is that not only are you now a sole earner, but you're doing all the worrying and posting here.

Why have you and your partner not discussed this together? That's really odd.
As he's decided to opt out of a high paying role, we'd assume you've sat down together and discussed the outcome - how to cut back and budget from now on.

Is he diagnosed with a MH condition (stress / breakdown) or was he just feeling the heat and decided to call it quits?
Was this an overnight decision?
Did he not have to give 3 or 6 months' notice? (Usual with snr high paying jobs) and give you time to plan your future finances?

I'm concerned you've not had serious conversations about this but also if he appreciated getting back to work after taking time out may not be easy.

I don't think they have to be that lean as that is after mortgage/bills!

Not an overnight decision. Exit negotiations are ongoing.

its the number we felt that was manageable. Am
in the U.K., the time is just as I can’t sleep. The worry for the better of me, in the cold light of day I know that things will be ok, you get through what you have to get through.