Where does your income go?
Discussion
Without your debt obligations you'd actually be in quite a strong disposable income position given your relatively low salary. The reality of your situation is that you have too much debt obligation to feel comfortable on a month to month basis.
There is a high proportion of highest tax bracket earners on the Forum, so don't get disheartened you can't do everything they can.
Your outgoings are relatively normal and I suspect very similar to most on here. Those who don't have 0% finance obligations like you will have similar (or more) going out for their PCP/HP
There is a high proportion of highest tax bracket earners on the Forum, so don't get disheartened you can't do everything they can.
Your outgoings are relatively normal and I suspect very similar to most on here. Those who don't have 0% finance obligations like you will have similar (or more) going out for their PCP/HP
Well first off, why are you comparing yourself to others? Stop that right away.
You seem to be well in control of your finances now. Good news. 2019 looks much brighter.
Me, I'm about 13yrs older than you, same kind of level of Income and Disposable income....do I feel bad, no, do I care, no. Each to their own. I have an expanding family, lovely home that is all self made and paying for.
I firmly believe in the stages of life, I work with a guy the same age as you, smart and has his head screwed on and he doesn't have what you have.
20s enjoy, towards the latter years think about building a family and up the property ladder, get as comfortable as you can by mid 40's but spend time with good people, family and do things that mean a lot more to you than material possessions.
I learnt that wearing RL and getting drunk all the time, means nothing in the end.
But to answer your question. My family come first, I come second on where my income goes
You seem to be well in control of your finances now. Good news. 2019 looks much brighter.
Me, I'm about 13yrs older than you, same kind of level of Income and Disposable income....do I feel bad, no, do I care, no. Each to their own. I have an expanding family, lovely home that is all self made and paying for.
I firmly believe in the stages of life, I work with a guy the same age as you, smart and has his head screwed on and he doesn't have what you have.
20s enjoy, towards the latter years think about building a family and up the property ladder, get as comfortable as you can by mid 40's but spend time with good people, family and do things that mean a lot more to you than material possessions.
I learnt that wearing RL and getting drunk all the time, means nothing in the end.
But to answer your question. My family come first, I come second on where my income goes
I earn it, the wife spends it 
It does amaze and concern me that despite earning a pretty healthy wage there's bugger all left at the end of the month. I pay a decent amount into my pension through salary sacrifice and I've done that since starting work so have never missed that money. Now also pay a bit into a share scheme since we got took over by a company that had one.
Any disposable I had went when we had 2 kids and the wife gave up work.
Usual stuff uses it up:
Mortgage
Council tax
Water
Gas/Elec
Broadband/Phone
Mobiles
Small loan for a caravan.
Food
Aside from that I pay for things like insurance annually, run two cars, have ~ 3 weeks away in the caravan a year & don't go out much. Still no money.
It does amaze and concern me that despite earning a pretty healthy wage there's bugger all left at the end of the month. I pay a decent amount into my pension through salary sacrifice and I've done that since starting work so have never missed that money. Now also pay a bit into a share scheme since we got took over by a company that had one.
Any disposable I had went when we had 2 kids and the wife gave up work.
Usual stuff uses it up:
Mortgage
Council tax
Water
Gas/Elec
Broadband/Phone
Mobiles
Small loan for a caravan.
Food
Aside from that I pay for things like insurance annually, run two cars, have ~ 3 weeks away in the caravan a year & don't go out much. Still no money.
Pension planning long term as soon as you can start is my only advice whether it be an actual plan or buying buy to let's or whatever as it's fairly obvious you will prob be working to 70ish otherwise.
It does get easier as you get older I suppose but between you both you seem to know what you are doing once your old debts are paid down.
It does get easier as you get older I suppose but between you both you seem to know what you are doing once your old debts are paid down.
Congrats on the house.
Wait till you have kids (if you decide to) - being in the south east we have no option but to pay for childcare to get mortgages etc, as need the joint income, its hard, our childcare costs are like a second mortgage (in fact more than our mortgage a month - worked it out after childcare costs my wife is on £35 a day (after tax and NIC).
I'm not on a fantastic wage but treated myself to a golf r lease - in money terms I can't wait for the lease to stop as I can start putting money away into my isa again (currently only saving £100 a month). Next car will probably be something simialr to a 3 - 5 year old car usually only spend between £6 - £12k on a car and usual something exotic like a vauxhall astra (sarcasm)!
What you have to remember as well is as a generation we have high mortgage debt levels due to the house prices - I would love to sell up from the south east and move somewhere else where we could pretty much have a mortgage of about £100k (currently £200k). Wife won't do it - but being a accountant (unqualified should of done my exams before kids would of earned heck of a lot more money!) I can pretty much work anywhere - her field is more specialised - so harder for her to find work.
Wait till you have kids (if you decide to) - being in the south east we have no option but to pay for childcare to get mortgages etc, as need the joint income, its hard, our childcare costs are like a second mortgage (in fact more than our mortgage a month - worked it out after childcare costs my wife is on £35 a day (after tax and NIC).
I'm not on a fantastic wage but treated myself to a golf r lease - in money terms I can't wait for the lease to stop as I can start putting money away into my isa again (currently only saving £100 a month). Next car will probably be something simialr to a 3 - 5 year old car usually only spend between £6 - £12k on a car and usual something exotic like a vauxhall astra (sarcasm)!
What you have to remember as well is as a generation we have high mortgage debt levels due to the house prices - I would love to sell up from the south east and move somewhere else where we could pretty much have a mortgage of about £100k (currently £200k). Wife won't do it - but being a accountant (unqualified should of done my exams before kids would of earned heck of a lot more money!) I can pretty much work anywhere - her field is more specialised - so harder for her to find work.
Since when is a TV licence £35 PCM?
It sounds to be like you have a fairly decent budget on the whole. It also sounds like you have identified where your "problem" spending arises - debt repayment for money already spent. If you had that extra in your pocket, you would be pretty flush on a fairly modest salary and yet a homeowner (congrats) etc etc. Imagine then the other side of that coin and you wisely invested that extra cash into something that then gained momentum...that is the problem with debt, it not only drains from your income of the present day, it is a double whammy in that you cannot benefit from investment in the other direction. One costs you, the other pays you.
I had an interesting chat with some friends last summer about spending habits. They were commenting on my social spending and when we did back of the fag packet figures they (as a couple) had to clear £600 PCM (net) before they "matched" where I was at due to car finance, phone contracts, credit card payments and general overhang that didn't really amount to all that much. Pretty sobering.
It sounds to be like you have a fairly decent budget on the whole. It also sounds like you have identified where your "problem" spending arises - debt repayment for money already spent. If you had that extra in your pocket, you would be pretty flush on a fairly modest salary and yet a homeowner (congrats) etc etc. Imagine then the other side of that coin and you wisely invested that extra cash into something that then gained momentum...that is the problem with debt, it not only drains from your income of the present day, it is a double whammy in that you cannot benefit from investment in the other direction. One costs you, the other pays you.
I had an interesting chat with some friends last summer about spending habits. They were commenting on my social spending and when we did back of the fag packet figures they (as a couple) had to clear £600 PCM (net) before they "matched" where I was at due to car finance, phone contracts, credit card payments and general overhang that didn't really amount to all that much. Pretty sobering.
gazza5 said:
Congrats on the house.
Wait till you have kids (if you decide to) - being in the south east we have no option but to pay for childcare to get mortgages etc, as need the joint income, its hard, our childcare costs are like a second mortgage (in fact more than our mortgage a month - worked it out after childcare costs my wife is on £35 a day (after tax and NIC).
I'm not on a fantastic wage but treated myself to a golf r lease - in money terms I can't wait for the lease to stop as I can start putting money away into my isa again (currently only saving £100 a month). Next car will probably be something simialr to a 3 - 5 year old car usually only spend between £6 - £12k on a car and usual something exotic like a vauxhall astra (sarcasm)!
What you have to remember as well is as a generation we have high mortgage debt levels due to the house prices - I would love to sell up from the south east and move somewhere else where we could pretty much have a mortgage of about £100k (currently £200k). Wife won't do it - but being a accountant (unqualified should of done my exams before kids would of earned heck of a lot more money!) I can pretty much work anywhere - her field is more specialised - so harder for her to find work.
All due respect to your wife but if her net wage accounts for £35 per day and you could half your mortgage by (happily) moving elsewhere, it doesn't sound that much of a factor. I appreciate there may be other factors such as her enjoying what she does or balanced lifestyle etc etc. Wait till you have kids (if you decide to) - being in the south east we have no option but to pay for childcare to get mortgages etc, as need the joint income, its hard, our childcare costs are like a second mortgage (in fact more than our mortgage a month - worked it out after childcare costs my wife is on £35 a day (after tax and NIC).
I'm not on a fantastic wage but treated myself to a golf r lease - in money terms I can't wait for the lease to stop as I can start putting money away into my isa again (currently only saving £100 a month). Next car will probably be something simialr to a 3 - 5 year old car usually only spend between £6 - £12k on a car and usual something exotic like a vauxhall astra (sarcasm)!
What you have to remember as well is as a generation we have high mortgage debt levels due to the house prices - I would love to sell up from the south east and move somewhere else where we could pretty much have a mortgage of about £100k (currently £200k). Wife won't do it - but being a accountant (unqualified should of done my exams before kids would of earned heck of a lot more money!) I can pretty much work anywhere - her field is more specialised - so harder for her to find work.
And OP, whats with the £15PCM phone and £45PCM phone? Presumably the former is a good value contract? I appreciate you are tied now but whilst I am not one of these sad 
s with a 2006 nokia, I buy the last edition iphones via online retailers for no more than about £250 a pop with a warranty. Run fine on the latest iOS. If I need to change I usually see £150 back on resale. If I drop one I get £100 back for it with a smashed screen so the cost to change is never more than about £150.
You seem like you have your head screwed on to be honest. Its small things like the above that have added up in my own circumstances. Dropping £85 Sky, dropping the £50 phone packages. Not having any finance on cars. Not having any debt repayments. If you knew my lifestyle you would realise I am far from the monk-like money moustache types that take a packed lunch to work - I am out most nights spunking money on the sauce in city bars, eating out and partying. I spend 1/4 of the year on holidays, in fancy suites and generally being a bell end. However, I can spend over £500 a month on such bell-endery before you have paid back your credit card, debt and phone bill. They are gone before you see them. Keep working at getting shot of them and you will be in a v strong position, particularly if you then pack away those payments and put some cash behind you.
s with a 2006 nokia, I buy the last edition iphones via online retailers for no more than about £250 a pop with a warranty. Run fine on the latest iOS. If I need to change I usually see £150 back on resale. If I drop one I get £100 back for it with a smashed screen so the cost to change is never more than about £150. You seem like you have your head screwed on to be honest. Its small things like the above that have added up in my own circumstances. Dropping £85 Sky, dropping the £50 phone packages. Not having any finance on cars. Not having any debt repayments. If you knew my lifestyle you would realise I am far from the monk-like money moustache types that take a packed lunch to work - I am out most nights spunking money on the sauce in city bars, eating out and partying. I spend 1/4 of the year on holidays, in fancy suites and generally being a bell end. However, I can spend over £500 a month on such bell-endery before you have paid back your credit card, debt and phone bill. They are gone before you see them. Keep working at getting shot of them and you will be in a v strong position, particularly if you then pack away those payments and put some cash behind you.
This makes a very refreshing change from other posts here where posters try and hide figures and post in vague references - often in the process leaving us all to assume they're vastly better or worse off than the reality and thus leading to skewed advice. So, OP, thank you for being transparent. This could be a good thread for that worthwhile advice and for those who aren't the PH stereotype to feel a bit more normal!
With regards to the OP's spending - I don't think you live excessively beyond your means, although you obviously admit to making mistakes with debt in the past they're thankfully not truly unmanageable amounts. I appreciate my lifestyle is different to yours (and I am 6 years older, so you'll no doubt catch up) but I would worry about having £300 for all my food and social life.
I log all spending on a spreadsheet which makes this easier. As an example, here's August's income/expenditure. This is a joint account and we contribute the same despite having slightly different incomes. The balance above our joint account contribution is ours to do as we wish. Mine is only about £120/month so it tends to get saved until the next shiny thing. We each contribute 5% into a pension with our respective employers matching this.
A note for this month, my partner had just transferred £450 from his 'shiny thing' savings for his car insurance which was due this month, hence the initial balance being high.
Living in South West, home-owners, 25 and 27. Combined total salaried gross income of approx £80,000, both with deductions for student loan repayments.
IN
Balance Carried Over £ 755.71
Matt Money £ 2,000.00
Rob Money £ 2,000.00
Rob Expenses £ 93.60
Matt Expenses £ 119.00
Lodger Rent £ 550.00
Total £ 5,518.31
OUT
Mortgage £ 1,150.21
Mortgage Overpayment £ 100.00
Council Tax £ 143.00
Water £ 32.50
Sewage £ 15.43
Electricity & Gas £ 82.54
Virgin Media £ 42.00
Phone bills (2 phones) £ 25.70
iPhone plans (2 phones) £ 100.45
Gym membership (joint) £ 64.00
PCP for C-Class £ 369.40
Service plan for C-Class £ 40.00
PCP for Renault Zoe £ 198.16
Battery Hire for Renault Zoe £ 79.00
TV Licence £ 12.83
Carpet Loan (48 months until May 2021) £ 76.65
Sofa Payments (48 months until 2022) £ 27.12
Savings £ 600.00
Total £ 3,158.99
Balance available to spend £ 2,359.32
Of this, a few snapshots rounded mostly to nearest full pounds:
Supermarkets - £250
Eating out - £465 (this is our big splurge every month, we eat out far too often. Of this £75 or so I categorised as 'coffee shops' so that's trips to Starbucks or Costa etc, and £75 was on take-aways)
Clothing - £40 (I forget what we bought, probably a shirt or something)
Spotify, Apple Music, various film rentals through iTunes, and a PS4 game: £85
Diesel in my car: £81
Electricity for the Zoe if we stopped somewhere away from home: £5.91
With regards to the OP's spending - I don't think you live excessively beyond your means, although you obviously admit to making mistakes with debt in the past they're thankfully not truly unmanageable amounts. I appreciate my lifestyle is different to yours (and I am 6 years older, so you'll no doubt catch up) but I would worry about having £300 for all my food and social life.
I log all spending on a spreadsheet which makes this easier. As an example, here's August's income/expenditure. This is a joint account and we contribute the same despite having slightly different incomes. The balance above our joint account contribution is ours to do as we wish. Mine is only about £120/month so it tends to get saved until the next shiny thing. We each contribute 5% into a pension with our respective employers matching this.
A note for this month, my partner had just transferred £450 from his 'shiny thing' savings for his car insurance which was due this month, hence the initial balance being high.
Living in South West, home-owners, 25 and 27. Combined total salaried gross income of approx £80,000, both with deductions for student loan repayments.
IN
Balance Carried Over £ 755.71
Matt Money £ 2,000.00
Rob Money £ 2,000.00
Rob Expenses £ 93.60
Matt Expenses £ 119.00
Lodger Rent £ 550.00
Total £ 5,518.31
OUT
Mortgage £ 1,150.21
Mortgage Overpayment £ 100.00
Council Tax £ 143.00
Water £ 32.50
Sewage £ 15.43
Electricity & Gas £ 82.54
Virgin Media £ 42.00
Phone bills (2 phones) £ 25.70
iPhone plans (2 phones) £ 100.45
Gym membership (joint) £ 64.00
PCP for C-Class £ 369.40
Service plan for C-Class £ 40.00
PCP for Renault Zoe £ 198.16
Battery Hire for Renault Zoe £ 79.00
TV Licence £ 12.83
Carpet Loan (48 months until May 2021) £ 76.65
Sofa Payments (48 months until 2022) £ 27.12
Savings £ 600.00
Total £ 3,158.99
Balance available to spend £ 2,359.32
Of this, a few snapshots rounded mostly to nearest full pounds:
Supermarkets - £250
Eating out - £465 (this is our big splurge every month, we eat out far too often. Of this £75 or so I categorised as 'coffee shops' so that's trips to Starbucks or Costa etc, and £75 was on take-aways)
Clothing - £40 (I forget what we bought, probably a shirt or something)
Spotify, Apple Music, various film rentals through iTunes, and a PS4 game: £85
Diesel in my car: £81
Electricity for the Zoe if we stopped somewhere away from home: £5.91
Your estimates for "remaining money" are distorted by the fact you've missed out a lot of outgoings.
Ignoring "house" ones you've put £300 for, things like:
Car running costs - servicing, repairs, consumables etc
Dentist
Hair cuts
Clothes (I don't mean in the typical fun sense - I mean the fact that things like shoes wear and will need replacing)
Eye tests
Some of these are small, but cumulatively...
Ignoring "house" ones you've put £300 for, things like:
Car running costs - servicing, repairs, consumables etc
Dentist
Hair cuts
Clothes (I don't mean in the typical fun sense - I mean the fact that things like shoes wear and will need replacing)
Eye tests
Some of these are small, but cumulatively...
romeogolf said:
Electricity for the Zoe if we stopped somewhere away from home: £5.91
That is really interesting (never looked into an electric car). So is that a fixed cost for use of a plug in? Is that across the board? I had in my head places like service stations were free (albeit appreciate the smaller electric cars are town cars and unlikely to use motorways).Jakg said:
Your estimates for "remaining money" are distorted by the fact you've missed out a lot of outgoings.
Ignoring "house" ones you've put £300 for, things like:
Car running costs - servicing, repairs, consumables etc
Dentist
Hair cuts
Clothes (I don't mean in the typical fun sense - I mean the fact that things like shoes wear and will need replacing)
Eye tests
Some of these are small, but cumulatively...
Good point. And the first two (and sometimes the last one if you need glasses/contacts) can hit you occasionally with a big hit. I have had some pretty large car bills over the years as well as some pretty big dental bills. The latter certainly aren't capable of being put to one side to defer for a while. Ignoring "house" ones you've put £300 for, things like:
Car running costs - servicing, repairs, consumables etc
Dentist
Hair cuts
Clothes (I don't mean in the typical fun sense - I mean the fact that things like shoes wear and will need replacing)
Eye tests
Some of these are small, but cumulatively...
gazza5 said:
Congrats on the house.
etc
Thank you etc
We've gone towards the lower end of the spectrum in home ownership - a 1 Bed detatched Bungalow at sub £250k since a house where we both grew up is minimum 400+k. Still a stinger though!
Shnozz said:
Since when is a TV licence £35 PCM?
etc
I know right? etc
You're right about it being sobering when you finally write it all down and/or have a proper discussion. Strange how we can look past such expenditures so easily.
Shnozz said:
And OP, whats with the £15PCM phone and £45PCM phone? Presumably the former is a good value contract? I appreciate you are tied now but whilst I am not one of these sad s with a 2006 nokia, I buy the last edition iphones via online retailers for no more than about £250 a pop with a warranty. Run fine on the latest iOS. If I need to change I usually see £150 back on resale. If I drop one I get £100 back for it with a smashed screen so the cost to change is never more than about £150.
I bought an iPhone 7+ 256gb as I do lots of work stuff (I'm a designer, lots of drawings to look at on email etc) at release, RRP was around £1,000 but all contracts were £80+ pcm with a £100 initial cost. GiffGaff offered the phone for £45pcm for 2 years unlocked, so did that and got a 1 month rolling sim for £15pcm everything unlimited, made sense at the time. Hence the phone is paid for in 2 months time so just the rolling simcard to pay from then on.s with a 2006 nokia, I buy the last edition iphones via online retailers for no more than about £250 a pop with a warranty. Run fine on the latest iOS. If I need to change I usually see £150 back on resale. If I drop one I get £100 back for it with a smashed screen so the cost to change is never more than about £150. Jakg said:
Your estimates for "remaining money" are distorted by the fact you've missed out a lot of outgoings.
Ignoring "house" ones you've put £300 for, things like:
Car running costs - servicing, repairs, consumables etc
Dentist
Hair cuts
Clothes (I don't mean in the typical fun sense - I mean the fact that things like shoes wear and will need replacing)
Eye tests
Some of these are small, but cumulatively...
Yes, you are right in what you're saying. That's kind of what bothers me, as a few posts above it only takes 1 bill and you're back to square 1. Ignoring "house" ones you've put £300 for, things like:
Car running costs - servicing, repairs, consumables etc
Dentist
Hair cuts
Clothes (I don't mean in the typical fun sense - I mean the fact that things like shoes wear and will need replacing)
Eye tests
Some of these are small, but cumulatively...
I've left those things out because they're not a regular PCM outgoing, and I wanted to simplify the post a little.
But for reference, the car is what it is really, consumables tend to end up being upgrades or changes :,)
Don't pay for my hair cuts.
Dentist/Eye Tests go on my health insurance through work so no money changes hands apart from through the company card.
Haven't bought a piece of clothing so far in 2018 and no pairs of shoes since Christmas 2017 so I guess I'm due some very soon!
Thanks everyone for your replies, interesting to hear other peoples perspectives.
Once I've paid the following out of gross:
Income Tax and NI (20% of gross)
Pension (5% of gross, salary sacrifice)
Student Loan
Gym
My monthly breaks down as such
Rent (renting a room, all bills included with a coworker) - ~20% of net
Car (lease with maintenance included) - ~15% of net
Savings (Lifetime ISA for a house purchase and regular savings) - ~30% of net
After this, the remaining ~35% is what I consider "lifestyle" money. So things like fuel, clothes, food, events, subscriptions etc. Anything remaining goes on paying the credit card (car insurance and similar expensive goods go on it).
I'm quite strict with my not dipping into the savings for here's and there's (as that's what the credit card is for). I try to spend within my means too which can be difficult at times though it's worth it to have minimal debt in my opinion.
Whilst I'd prefer to live on my own for example, it'd easily take about 50% of that lifestyle money so it's not really an option at the moment!
Income Tax and NI (20% of gross)
Pension (5% of gross, salary sacrifice)
Student Loan
Gym
My monthly breaks down as such
Rent (renting a room, all bills included with a coworker) - ~20% of net
Car (lease with maintenance included) - ~15% of net
Savings (Lifetime ISA for a house purchase and regular savings) - ~30% of net
After this, the remaining ~35% is what I consider "lifestyle" money. So things like fuel, clothes, food, events, subscriptions etc. Anything remaining goes on paying the credit card (car insurance and similar expensive goods go on it).
I'm quite strict with my not dipping into the savings for here's and there's (as that's what the credit card is for). I try to spend within my means too which can be difficult at times though it's worth it to have minimal debt in my opinion.
Whilst I'd prefer to live on my own for example, it'd easily take about 50% of that lifestyle money so it's not really an option at the moment!
romeogolf said:
This makes a very refreshing change from other posts here where posters try and hide figures and post in vague references - often in the process leaving us all to assume they're vastly better or worse off than the reality and thus leading to skewed advice. So, OP, thank you for being transparent. This could be a good thread for that worthwhile advice and for those who aren't the PH stereotype to feel a bit more normal!
Thanks for the kind words, and thanks for your equal transparency! Interesting to see what in that list can easily be forgotten/overlooked when you're thinking of budget and considering adding another outgoing. I'd have forgotten the majority of those outgoings if I'd have been thinking on the fly. Shnozz said:
romeogolf said:
Electricity for the Zoe if we stopped somewhere away from home: £5.91
That is really interesting (never looked into an electric car). So is that a fixed cost for use of a plug in? Is that across the board? I had in my head places like service stations were free (albeit appreciate the smaller electric cars are town cars and unlikely to use motorways).The last 3 months are below. (July's expenditure comes under August as it all goes on a credit card and gets paid off a month later if that's confusing you!)
Electricity en Route Jul £5.91 Aug £23.31 Sept £10.11
Charges vary from free to 30p per kWh with various speeds available and the higher cost is the premium for a quicker charge (3kw is the same as a 3-pin plug, 7kw is akin to a home charger and is often called a "destination" charger or 'fast' charger - They take 4+ hours to fill the battery and it's 3 and 7kw chargers which are most often free - service stations tend to have 22kw or above and are known as 'rapid' chargers). The Zoe has a 40kWh battery so in theory a full charge from zero would cost no more than £12. Places we charge that are free include two local shopping centres. The 30p per kWh cost is for the rapid chargers at motorway services run by Ecotricity. Often we'll stop for half an hour to grab a sandwich on the way somewhere and just plug her in while we do our business. If the battery is somewhere between 20% and 80% already, and it's warm from driving, she'll pull a full 22kw from the 'pump' and can get another 40+ miles in that half-hour stop. My partner is definitely better versed in this than I am as it's "his" car, but I can answer the basics.
I have spreadsheets to work out our incomes and stuff. It's always very depressing.
A Income - £1750
J income - £1400
Total £3150
Expenses
Rent - £975
Council Tax - £134
Electric / Gas - £82
Water - £30
Plusnet - £34
Gym - £18
Odeon Limitless - £36 (we both enjoy cinema so it's nice to pay per month and know we can go as much as we like)
J Phone - £41
A Phone - £21
Apple Music - £15
Home Insurance - £15
Cat Supplies / Insurance - £80
Car PCP - £343
Car Tax - £20
Car Insurance - £91
Car Petrol - £120
Paying off Debt (2x 0% product loans) - £330
Food - £250
Total Expenses - £2635
Leftover - £515.
It's not a lot left, some of that has to go into savings and then the remainder has to pay for any clothing, any treats, hair cuts, dentist etc...
This month my debt has just reduced to £140 per month because I managed to pay off one of my loans. I also couldn't handle seeing so much of my money being spent on my car so I've sold that and my wife now gets the bus to work which is an extra hour per day commute and £50 a month instead of nearly £600.
A Income - £1750
J income - £1400
Total £3150
Expenses
Rent - £975
Council Tax - £134
Electric / Gas - £82
Water - £30
Plusnet - £34
Gym - £18
Odeon Limitless - £36 (we both enjoy cinema so it's nice to pay per month and know we can go as much as we like)
J Phone - £41
A Phone - £21
Apple Music - £15
Home Insurance - £15
Cat Supplies / Insurance - £80
Car PCP - £343
Car Tax - £20
Car Insurance - £91
Car Petrol - £120
Paying off Debt (2x 0% product loans) - £330
Food - £250
Total Expenses - £2635
Leftover - £515.
It's not a lot left, some of that has to go into savings and then the remainder has to pay for any clothing, any treats, hair cuts, dentist etc...
This month my debt has just reduced to £140 per month because I managed to pay off one of my loans. I also couldn't handle seeing so much of my money being spent on my car so I've sold that and my wife now gets the bus to work which is an extra hour per day commute and £50 a month instead of nearly £600.
Edited by ashleyman on Friday 21st September 14:13
Gassing Station | Finance | Top of Page | What's New | My Stuff