Disposable income

[remotelord]

Hello,

DP and I have just moved into our first property. We are doing ok but I am constantly worrying about running out of money etc. Prior to moving here we lived with my parents. This allowed us to save a desposit. We have 1dc aged 4

After all of our bills and food we are no left with £1000 (£600 DP and £400 me).

This is money that we can purely use for discretionary purposes. Is this ok for a couple of our age and circumstances (early thirties and one kid).

Hi, Have you factored in any long-term saving or emergency fund spend?

I think you are doing ok either way, The fact that you know your disposable income is a great start!

I give myself £350 ish for personal spend but this is after investing & my holidays etc.

https://www.moneysavingexpert.com/

Complete a budget spreadsheet ehich can be found on the MSE website above and put down all your expenditure. £1000 after all essential bills are accounted for is a good amount of disposable income.

Ensure that you save at least a third of this to put towards an unexpected expense like boiler or car breakdown.

Why do you not share money given that you have a child together?

Have you accounted for absolutely all spending, including insurances, clothes, presents etc.?

Why does he get more spending money than you?

He doesn’t, the breakdown was just what we each have left from our wages. We share money and if I’m honest, I probably spend more

Agree, you need to pool money and then have equal spends. And you need to save for annual expenses, which everyone underestimates, and also a sinking fund for the house and white goods. Child expenses come from the joint account
that amount of money just to blow on personal spends sounds like a lot to me
are you saving enough for your future’s?