Budgets

[Georgeben2]

Hi all,
Hoping someone can knock some sense into my hubby!
Could I ask what people are left with after all bills, d debits ect but not including fuel/ food? And also what the spend on food weekly/monthly?
Of course no one needs to answer
My hubby seems to think everyone else has a never ending pit of cash spare at the end of each week/month! And is causing tension 😞 I thought this the best place to ask😊

There are 4 of us... 2 adults 1 teen I child

Thanks in advance

We have a very strict, but not overly tight budget. £130 per week covers food, days out, incidentals. £10 per week adult discretionary spends. £5 per week treats for the children. We withdraw the money in cash each week and when it's gone, it's gone.

Of course money isn't a never ending pot. We don't earn a never ending amount, and spending must be kept within our means.

Careful about asking on here. There are many people who are much better off than average, with eye watering amounts of disposable income.

Sounds like you need to go back to basics with budgeting for your circumstances.

Have a look at the MSE money makeover to maximise your income, save for annual and irregular expenses, minimise all essential expenses so you have as much money as possible for spending on nice things rather than boring bills.

www.moneysavingexpert.com/family/money-help/

Separating out money for discretionary expenses can help, so get all your income paid into one account, transfer the right amount to a second account and have all your direct debits paid out of this.

At the beginning of the month transfer money to savings for annual and irregular expenses like holidays, Christmas, insurance, broken cars, pets and washing machines etc etc - this is likely to be a few hundred pounds a month.

From what is left, you need to pay for food, fuel, family meals out, child expenses, days out etc and only after then can you look at spending money for you and DH, and from this, split it 50/50 and transfer to an account each and use this to for all your own personal spends including things like lunch/coffee/breakfast at work - this can be a real money waster and something to look at if your money isn't going as far as you'd like.

I have £90 pm for food, petrol, a fortnightly class and the smaller dds, some weeks the food bill or petrol bill is smaller which leaves money in the account for those smaller dds.

This is after I've paid monthly bills, credit card and transferred to savings.

I budget £100 a week for fuel (£50 a week. I travel for work so not optional). And the rest is for taking kids out hair cuts etc. It soon goes.

Once all our bills are paid we are left with about £200 a month for shopping and fuel for the car. No savings and never any money left at the end of the month.

We have £150 per week for all other spending after mortgage and bills. So food, fuel, haircuts, social, presents, savings, school clubs, clothes, activites etc all come out of this. It is tight.

Household of 2 adults, 1 child, one dog.

1 family car and now dp cycles to work to save money. We used to have 2 cars but can't now

£500 pm groceries
£100 pm Petrol
£1843 pm left over

Right now we have diddly squat left over.

Good advice there from BarbaraofSeville , not sure I can add anything.

Family of 6.

Once everything has been paid including petrol food and normal bills and mortgage we have around 100. However we do save 500 per month for holiday Xmas birthdays etc so that 100 is just for everyday bits