£50

[Fakedogdoesnotlookrealistic]

Left until paid…likely tomorrow…this is a good month! usually have less by the end of the month
Both in good jobs-me-university educated, professional occupation. Dh-college educated, managerial position.
We have a mortgage, car, one child, piano & dance lessons, no overdraft or credit cards, but a couple of quite small loans, we never have anything really left by the end

Is it just us?

How much do you have left just before pay day

This month I'm hoping to have £200 left by payday, first month since Xmas I may be able to save. I'm a uni educated middle manager.

You have all the things you need, extra curriculars, loans which is taking money from future you and you still have some money left over. You are doing great.

But do some of your regular outgoings include payments in to pensions and other savings?

No…this is the issue..mortgage though, which luckily only has a fairly small amount left to pay..around 100K

Car on finance? How expensive is the house/mortgage.

Your occupations sound similar to ours but our one child is in nursery so that costs.

No worries coming to the end of the month but our house is cheap, car isn’t very impressive and was bought outright with cash saved.

If our ~£700 mortgage was ~£1400 and we owed £250 on the car every month, I would be keen to see payday come around.

Save it!

I got paid yesterday and had £2.24 in my account when my wages went in. I budget down to the last penny so I was doing well to have anything left

Its a good month if I have about £50 left in my account, often its less, never more!

Same here. £750 mortgage and no cars on finance. There's not much point in comparing. The big strain on wages at the moment is housing costs which for the most part are not controllable.

The easiest places to save money are replacing a few meals with really cheap ones like jacket potatoes, going SIM only on phones, and getting kids clothes on places like Vinted but realistically if your mortgage or rent has gone up by hundreds in the last 4 years it's a drop in the ocean.

I usually take £50 - £100 out when I get paid and put it in my savings account, maybe you could try that now you know you can survive without it?

I had £6.10, but savings, investments, pension and holidays were already budgeted out so the £6.10 was truly purposeless money.

in theory we have 0 as every cent has a job. But we save 2.5k per month. My current account has about 4k in it and then my savings are separate.

I don’t know.

I move money into savings when I get paid….by the end of the month I am invariably in my overdraft so move money back out of savings.

so I have no idea, really.

it’s all a bit robbing Peter to pay Paul.

I worked out how much I could afford to put in savings a while ago, but the money budgeted for the month is never enough due to rising costs of everything.

husband and I both earn around £50k so monthly incomings around £6k.

mortgage £1800, council tax £450, nursery £500,

no debts other than mortgage but not really managing to save anything.

About £100, payday is Tuesday. However, we save £600 a month into our holiday fund and separate money into savings and then our pension is automatically deducted from our salary. If we had to, we could take money from our savings but we very rarely do.

Normally ending in my overdraft, hoping to finally get some savings this year though and turn it around

You don’t both have workplace pensions?

Contributions deducted at source from your pay, and with employer contributions also paid?

eta: this was supposed to quote OP’s reply to another poster

I put anywhere from £350-£500 in to my savings as soon as I get paid... account is normally empty by the time I get paid.. If there is anything left in there then I move that to savings too so I always start at 0 come pay day.

I used to be in my overdraft every month but I realised that when I looked properly at my spending that little bits here and there plus rising costs meant that I had to be more careful.

When I’m paid I put enough with a small buffer in my bills account, then split savings between various accounts (holiday, car expenses, emergency fund, Christmas etc) and then a separate account where I allocate weekly spending depending on what’s coming up each week (lots of driving will mean more fuel that week, wax appointment one week, coffee with friends another week and working out meal plans for the week).

I feel more in control each month.

-£350 into the overdraft
Thankfully the car is full and so are the cupboards I'll only need to stock up on cta food and milk bread
Dp has the possibility of tips coming through this month of about £100 that's for the last year split between the team so that will help

I always end up in the overdraft as soon as we get out there's a birthday or childcare or I need to take a day off because a child is sick

The OP ha £50 left after spending on things that many people can't afford. You have a car a tiny mortgage and f'ing dance lessons, you're hardly on the breadline.

FFS, I know these threads aren't real so I shouldn't rise to it but it makes me so angry that they're allowed. It's so distasteful when there are people who cant afford to heat and eat and yet we have AI bollox whining about dance lessons.

I’ve got £8.54 left until tomorrow!

Errrrr -£619. It’s annoying as we earn reasonably well but it just goes…..

I have more than £50. My income has recently increased (moved to full time) and our outgoings decreased (kids no longer need after school child care). The years of nursery being double the mortgage are still fresh in my memory though, so our spend on fun things is still less than it could be now we have a bit more money that isn't immediately assigned to something.

One DC about to need orthodontic work though, so I imagine this period of spare cash will come to an end soon.

Shit. Just realised car service + MOT + insurance will be this month's "fun spend".

We've never gone that close and we've only ever had one income and two kids. Paid the mortgage off over a year ago, but even when we had a small one, we had a short term so the minimum payment was £750. We overpaid on top, at the beginning of each month so the money was gone so any temptation to spend the money was gone, because the money was gone. Never had an overdraft, finance, and only use credit card to book flights/protection. We had treats and long haul holidays. We just prioritised our budget on the mortgage and travelling.

On two incomes, money is seeping out somewhere. If you want to save money, you need to do a statement of affairs like they do on the MSE forum and list what comes in and what goes out. Do a spending diary. Although I've never been in debt, I quite liked the debt-free forum as much as the mortgage-free wannabe one. It was like mumsnet but with budgets and interest rates! 😂