Do you think this is a reasonable budget?

[Ratemybudget]

My pay in is 3480 (sometimes a bit less)

1500 is used for my portion of bills etc
950 is put into savings
This leaves 1030 for me to use on whatever I want, fuel for car and anything the dc need.
Anything leftover at the end of the month after that is also put into savings.

What do you think?

Are the DC just yours? If they are shared children why is your partner not paying for things that they need too?

Sounds ok, just depends on your lifestyle really?

Yes they are just mine.

It’s nowhere near enough 😏

What is nowhere near enough?

Stealth boasting is very tedious.

This is money matters not AIBU…if you want to moan go over there!!

This is money matters not AIBU…if you want to moan go over there!!

Not enough for what??

You asked what people think!

What exactly is your question?

Enough for what? How many DC? Do you have mortgage?

Do you typically spend it all? Or run out?

That will tell you if it is enough for you or not. Or whether you need to cut down a bit, or if you could loosen the purse strings a bit.

Do you make decent pension contributions?

Should I be dividing it differently? Two dc. Yes I have a mortgage

Sometimes I do and sometimes I don’t. Never run out as such though. Yes that’s after pension contributions (I contribute 7% and my workplace gives 10%)

Would you divide it differently?

How old are you - I'd put more into pension if possible. Or overpay mortgage.

Yes we overpay the mortgage already.

That entirely depends on your actual outgoings, commitments, age and goals in life. None of which you’ve even elaborated on.
You’ve basically said ‘I have this much money, is it enough?’
For some yes for others, no, obviously.

how old are you?
does the £1500 include mortgage? grocery shopping?
what do you spend the £1000 disposable on?
why do you save less than you spend monthly, you could swap that around
7% on a pension seems low especially if your in your 20s or 30s
what is your 5 year plan?

Yes it includes food, mortgage everything.
I always save 950 but if any leftover (which there usually is) I will save that too. So it probably averages at 1000.
i use the rest as available spending as I have two dc.
i only pay 7% because my workplace pay 10% so that’s 17% altogether

it seems like you don’t have a plan, are just aimlessly spending, saving a bit and want to work until your 68 and if you’re happy with that - that’s great

but if you want to retire at 57, have your money work for you to make life easier then, your wasting opportunities

OP you won't get sensible answers with so little detail. For example does 'everything' include things like Christmas, school uniforms, car repairs etc etc'. Makes a big difference whether this comes out of spending or saved money.

Plus everyone has different priorities for lifestyle etc.

You have to work through the numbers for you. Have a look at

https://ukpersonal.finance/flowchart/

The question you've asked is meaningless and belies a lack of education around finances and budgeting. It sounds like you're looking for affirmation but that is work you need to do by working through things step by step and thinking about your long term financial goals. Once you've done that you'll be able to answer your own question.

There are some good resources out there on money management and personal finance. The financial flow chart is a good place to start, then look at free guidance such as Meaningful Money podcast, Rebel Finance School and Martin Lewis.

Christmas and school uniforms etc just comes out of regular spending. Car repairs may come from saving depending on time of month and cost.