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.

It was tongue in cheek, but i wasn't sure myself at first 😂

AFTER bills and mortgage etc that’s plenty for sure!

best thing to do is look back on your bank statements for last month and go from there.
I use an app called money hub you can categorise your spending on it eg food/groceries and then see how much you’ve spent.

Once you have figured out what you are currently spending then you can make a budget for your different categories to keep within your limit.
If you are currently over that then yes you will have to make lifestyle changes. But if you are regularly going over that on non-essentials you will have plenty of room to make the necessary changes

In some ways you deserve a roasting because whether you bring in £10,000 or £1,000,000 a year, you should know your numbers. There's nothing attractive about flippant spending.

But, I get this is a life change for you. In my time, I've seen people apply for hardship grants because they are down to their last £100k.

You are in a privileged position. Engage with your wealth manager, learn your numbers and use this as an opportunity to learn what less rarefied air feels like, to breathe.

Fingers crossed that at a time where investments are suffering, you don't need to liquidate to keep your £2,250 a month.

I'd say that's plenty but you may need slto start making choices on what you spend money on
If you have never budgeted before then I'd suggest writing down in a book EVERYTHING you spend on for a month.
You will then see what things are costing and the more extravagant lifestyle choices you can cut back on will start jumping out at you.
Also renegotiate all expenses don't just auto renew and check through all your Direct debits to see if there are any unnecessary items you can cancel

But I run a household of 1 adult and 2 teens and a dog on about £3k all in so I think for 2 adults you will be fine once you learn to budget

Martin Lewis has a good budget planner on his website

There's nothing the OP has said that makes it sound like she doesn't appreciate what she has. I don't see why you would be nasty about it, it just makes you sound like a not very nice person?

Everything is relative, if you go from not having to budget to a certain amount to a certain amount then it is deprivation to you.

In the same way that you're lamenting the OP's "decadent lifestyle" someone in Gaza or Africa could say exactly the same about yours, as you say "watch the news."

I would never apply for a hardship fund as down to last 100k!

We should not have to liquidate anything…..

totally agree, this is a complete wake - up call. I am also not precious, if I need to take on extra work at weekends I would….being incredibly serious I hear that Deliveroo is pretty lucrative!

@Isitenough2250 I hate to draw this to your attention as you're stressed and maybe posting in a hurry, but some of your posts are ambiguous which is what some of us have found.

No ship has sailed - that says the ship hasn't sailed.

What I think you mean is No, that ship has sailed.

Time for a reality check

I'm a nurse and I don't even EARN that a month with working full time plus bank shifts!

Oh don’t be so ridiculous, you don’t need to take in extra work! You can live more than comfortably on the income you have.

God yeah, ofc it is 😂

I have maybe £1000 left after laying our joint bills. I try and save half, and I spent the other half, but tbh could easily cut back more.

Extra work at weekends?

I am genuinely so curious as to your outgoings if £560 a week isn’t enough to live on. That’s £80 a day. Where the F is your money going?

Looks like now is the time to learn some budgeting skills??

This exactly!

I’m a bit confused you can’t work this out for yourself OP

Obviously
You add up what you spend each week ( x 52 weeks then divide by 12 ) , month, year( ie divide gym membership by 12 )
Job done

Exactly !

@Janedoe82 I have to ask, is that £30 for work lunch for a single lunch or per month? I secretly hope it's for one amazing sit-down meal ‐my packed lunch salads for a month probably cost £30. I'm a teacher and can't imagine not eating at my desk.

Yes I know that - but I would if I had to!

I didn’t say I had to, I said I would be more than prepared to!

Yip - it sure is!

Yes, that is what I mean, was paraphrasing somewhat.

sorry I misunderstood your post. You are live in somewhere and have this money for how many adults and how many kids ( teens if male have to be mentioned separately)

I'm sorry OP but -
You may be clever enough to earn a higher wage but your common sense and compassion is lacking.
I have more than you do per month in disposable income but I still get myself down to Aldi. I have survived on a lot less before with multiple children to look after and my husband's only job at the time. Perhaps you will hopefully learn a life lesson from this change.

I am very aware that I may get slammed, and I am
prepared.

This indicates that you do have some awareness of your situation, so I wonder why you put yourself forward for a roasting rather than try and work it out for yourself, or seek advice from friends who you trust and don't judge.

If things aren't going well for you, it's self sabotaging to come onto MN. It won't make you feel better.

that's a lot of money Partner and I/ were students and have 1200 a month in rent, 1000 budget for food and bills and one night out a week but often we have a lot left over every month -- at least 300. this money is not student loans before anyone asks, but pre-existing funds. next year our rent is going down to 800 a month as I have a friend moving in. partner has also started working and will be able to put away 30-50% of his minimum wage.
so, right now we live off of 2200 a month very very comfortably we also went traveling last year very nicely, about 1/2 of which came from this budget (and another bit came from a part time job I picked up). we want for absolutely nothing we don't have a car though, because we live in the outskirts of a nice city. next year I will have to get my own living costs down to about 150-175 a week which I can easily do (600 a month-ish). easily done, partner doesn't have to worry as much though

I thought that was going to be tight for rent and bills until I saw that was AFTER rent and bills and that’s just your disposable ‘fun’ money. you’re obviously very privileged and being massively unreasonable. I had to live off of £1200 a month for my rent, bills, car and EVERYTHING. So you asking if over £2k ‘fun’ money is enough is actually embarrassing knowing how the other half live.