Doing some calculations tonight, I've been approved for a mortgage (long, complicated story, it's not a great rate but it tidied stuff up and I can change to a better offer in 2 years)
To cut a long story short I pay around £220pm debt off at the minute, and the new offer will be £480 for debt AND mortgage so effectively £260pm mortgage
Totalling all my bills up so gas, electric, council tax, car, insurance etc etc plus the mortgage comes in at 50-60% of my salary roughly
That leaves the other 40-50% for what I haven't included - petrol and food plus personal spending like clothes/night out I prefer Netflix
Do this sound reasonable? It's just me and after bills I'm left with around £600-800pm (varying wage) for the above. I usually spend £200 a month on food/toiletries/cleaning and about £60 a month on petrol
I haven't included car service/MOT/savings/emergency fund so will need to stash some per month for that but it seems financially ok to me. My wage varies month to month as it's commission based
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Mortgage and bills, what % of salary
5 replies
YesQueen · 13/07/2019 01:02
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