Mortgage/Outgoings vs. Disposable?

[bitchstewie]

Currently doing some budgeting around mortgages and outgoings etc.

As a percentage (simply as I'm guessing most people won't want to disclose what they take home) what are you left with each month after paying essentials i.e. mortgage/bills/food and all the stuff that is simply unavoidable?

[DonkeyApple]

Don't forget to include pension contributions in the 'essentials'. That'll be the real divider in the next two decades as the army of people who haven't invested for an income after they are prevented from earning one through work start having to move into State supported housing and benefits. It's going to be hard to adjust to a lifestyle of nice house and toys to one of bedsit and surrounded by dregs.

[Vocal Minority]

Splitting it with Mrs VM - it's about 25% on everything,

If one was on ones tod, probably closer to 45%.

(That is a percentage of my net pay after tax, student loan (nearly done - finally) and pension are extracted)

[bitchstewie]

DonkeyApple said:

Don't forget to include pension contributions in the 'essentials'. That'll be the real divider in the next two decades as the army of people who haven't invested for an income after they are prevented from earning one through work start having to move into State supported housing and benefits. It's going to be hard to adjust to a lifestyle of nice house and toys to one of bedsit and surrounded by dregs.

Yes of course, thank you, I basically meant all the stuff you have to pay each month.

[Rawwr]

About 90% but I'm in the fortunate position of not having a mortgage or any other debt. So the monthly bills for gas, electric, council tax, Internet and food don't really amount to much.

[2 sMoKiN bArReLs]

Are we counting beer in the essential category? If so about 98.5%

[KingNothing]

Once I get rid of debts, mortage and bills payments will account for about 30% of my wage, so I'll have 70% as disposable, but majority of that will go into savings.

[scottri]

65% left over for me but a lot of that is directed into mortgage over-payments/savings/share save etc

Mortgage is very cheap at the moment and i have no regular payments for cars as i bought it cash (1k). I get to work from home most of the time so I don't have commuting costs at the moment.

[Blown2CV]

think all of our household outgoings come to about 12% of our total income.

[ChocolateFrog]

Around 80% of disposable left over. Non-contributory pension helps.

[2 sMoKiN bArReLs]

2 sMoKiN bArReLs said:

Are we counting beer in the essential category? If so about 98.5%

I mean 1.5% left over

[Condi]

Apparently I have 42% left over after bills. fk knows where it goes though, never seems to be there!



Some of it is a bit transient though - food can be £20 a week, or £100 a week depending on meals in vs meals out. Fuel can be £40 a week or £100 a week. Car expenses like tyres and MOT are not exactly disposable either.

[Bibbs]

Outgoings are about 35% of total .. house is about half of that.

[jonamv8]

Approx 80% left after monthly divi

Small mortgage good rate small house with decent LTV

Car paid for

When younger probably 40% loaded up on car and larger mortgage

[pmanson]

Based on net salary:

51% on monthly living costs - Mortgage / food, life insurance, income protection etc

29% on discretionary spend - going out, cars (fuel etc)

20% on savings & investments

Pension is deducted at source


Currently in the process of moving away from paying things like insurance on a monthly basis which will further reduce the outgoing and put more into savings on a monthly basis and save us a couple of quid each year in interest payments.

[Calza]

Around 35% of my net .. and then most of that goes in to savings!

[Timmy40]

Back in the days when I was a single batchelor in London I was left with about 60% of my income each month after all bills and outgoings to save.

Now I have a wife and 3 kids I'd say I have about 15% left over. And I keep that quiet because she'd only spend it if I let on.

[Adam B]

about 60% left after mortgage, bills, school fees and fund for car tax/insurance/servicing

[mcbook]

A lot of people with far higher than average disposable incomes on here so far... here's mine as a percentage of net monthly income (after pension contribution):

Mortgage: 25%
Food (inc nappies etc): 15%
Car loan: 6%
Car insurance, tax, fuel, servicing etc (2 cars): 7%
Council tax, utilities (inc mobiles): 12%

There are other things that are almost necessities like clothes, haircuts, lunches at work that I haven't included here. These soon add up.

[Ste1987]

Live on my own, 77% outgoings. 18% goes into savings. Mortgage is 16%. Funnily enough my savings is my biggest individual outgoing