Money

[twinklebiglight]

If you have £2000 left over every month after all expenditure you are very fortunate? Please settle a discussion!

If I had £2000k spare every month I'd feel very fortunate.

I have a good friend who earns ££££ and if she had 'only' £2000 spare pcm, she'd feel less so!

Do the people in the discussion earn a similar amount?

Yes

People with big amounts of free cash tend to have big outgoings , big lifestyle and big wages to match

Yes anyone who has 2k left after all expenditure is 💯 fortunate.

All expenditure meaning food , petrol , bills , savings or just bills ?

On the face of it, yes but I would be interested to hear the pov of the person who thinks otherwise.
If they have been in a position of having much more disposable income and then having to suddenly pay for an unexpected and long term expense, then they may not feel so fortunate.

We can't possibly settle a discussion until you've told us both sides of it.

I don't think there are many people/couples who have that sort of money left over each month. That's 24k a year!

I have zero money left over this month because I spent it all. Having money left could mean you have the same income as another but are more frugal. (I’m usually a saver so feel very uncomfortable with this month’s splurge).

It’s all relative and we’d need to know the full story.

Like as pure luxury spending money?

And big heads and bad mouths.

We have around 3k a month left over but we have just finished paying off our mortgage and do have a rental property income. It has taken us a long time to get to thelis position.

We have 600 each spending money and 800 goes in our holiday fund

does that qualify or would ‘left over’ be after that?

£2k each after all expenditure, or £2k leftover for the household? If £2k each for me and DH then yes that is a lot, but £2k for the household that savings and family spending come out of too then it’s ok but not amazing.

I have £2k left over each month. It goes in my savings account. I suspect after Rachel Reeves has finished next week, I’ll have zero left over each month.

And do holidays need to come out of that £2k too?

Do you mean £2000 left in your bank account that can be put in savings at the end of each month or after bills but before you buy anything? Ynbu for the former. But depending on the size of your family it is less clear-cut for the latter.

Absolutely.

Well £2000 is more than many people earn in a month, let alone have left over, so I think someone in that position would be extremely fortunate.

I would say you are fortunate.

If all your needs are met and most of your wants and you still have £2k "left over" each month then you are very fortunate indeed.

I guess the next question is: what should someone do with the "left over" £2k?

(left over is in quotes because we don't know what that really means given lack of context)

It’s a friend of mine. Her partner has given up full time work to have a better work life balance at 61. Now in a part time role, they have substantial savings as well as pension pot if they want to access it.
£2k left after all bills paid. Friend is not happy! Y

So there are two of them and they need to buy food, outings, holidays, gifts, clothes, meals out, petrol out of that? Plus possibly car repairs and household maintenance?

If so, I'd say it's fine as they have a good savings cushion, but it's not a huge amount. But given his age I'd say it's pretty reasonable to want to do it. Can she also do it if she wants to though?