Spare cash

[sheard]

After Bill's and food we are left with two hundred pounds per month this is any extra holidays xmas clothes haircuts car repairs emergencies is this a good amount or am I kidding myself 2 adult household

Advice please

Hi OP

this section is to alert the Night Watch in the case of trolls or dodgy threads.

maybe repost this in Money Matters

www.mumsnet.com/Talk/legal_money_matters

Hi OP, we've moved this to a different board for you - hope you get some answers soon.

It wouldn't be for us, it can take 1 issue, washing machine breaking or 4 tyres need replacing and that is 2 months of your spare money. If you have an emergency fund of at least 1 months income then it wouldn't be too bad to cover these incidental.

Thanks @GloriaMumsnet

No, I’d say that’s not very much at all & would make saving very difficult. If you already have an emergency fund of a few k, then it’s not so bad.

It does sound very tight but it is good that you recognise that these costs will arise sooner or later.

I'd suggest having a look at the moneysavingexpert money makeover and do everything that is relevant to you.

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

If you can cut some of your regular bills then your spare £200 might increase a bit and make things a little easier.

I've managed to pay off any loans we had and I've cut down food budget and only have the essential d/d I'm in debt with council tax but only have afew more payments on that extra so will be around 60 pounds better off I'm putting 10 percent of my wages now into a saving account so the sending allowance has dropped to 120 but I can manage I only buy essential and limited xmas to immediate family mum and son no extended family I'm trying hard!!thanks all

I am quite money savvy and save where we can, splurge in other ways . We have £2750 left after food and bills each month. Both mid 20s. I couldn’t personally get by on £200 . Could one of you upskill to hopefully earn more in the future?

Very helpful Cordial11

No £200 left a month is not ideal, but unless you can reduce your outgoings further (especially big ones like rent/mortgage/loan repayments) or earn more money without it costing you too much more in commuting/child care etc than you will have to try and live without your means and be very careful with spending.