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  • FIRST POST
    • rich81
    • By rich81 10th Oct 16, 7:46 AM
    • 8Posts
    • 6Thanks
    rich81
    How much spare cash?
    • #1
    • 10th Oct 16, 7:46 AM
    How much spare cash? 10th Oct 16 at 7:46 AM
    How much money do you have left after all of your bills and essential spending?
Page 2
    • theoretica
    • By theoretica 15th Oct 16, 2:28 PM
    • 4,490 Posts
    • 5,655 Thanks
    theoretica
    She works out that ideally you'd look to having 50% of your expenses on needs, 30% wants and 20% savings.
    Originally posted by hohum
    I find this sort of division guide unhelpful as a personal guide - my 'needs' are fairly fixed and won't increase just because my income does, until something huge happens like moving house. And they are needs so I can't decrease them if income falls.
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
    • Jon B
    • By Jon B 15th Oct 16, 8:58 PM
    • 723 Posts
    • 620 Thanks
    Jon B
    About £1,700, but like others I don't consider it spare as it gets allocated somewhere.
    • QuietOne
    • By QuietOne 15th Oct 16, 9:37 PM
    • 115 Posts
    • 107 Thanks
    QuietOne
    I haven't posted here in a while but found this topic quite interesting. At the moment after my monthly bills and credit card I have roughly between £350 - £400 a month. But after doing a lot of overtime in September my pay will be a lot more than usual so if calculated correctly I will allocate £780 to pay off my credit card, £500 rent, £267.78 to pay off my smart watch which I ordered from Littlewoods, £42.75 for Virgin Media and £47 for my Phone contract. Which will leave me with roughly £280 which will be carried over to next pay which then I will pay my phone off on O2 refresh.

    So by December's pay, I'll have three bills to pay, £500 rent, £42.75 for Virgin and £27 for mobile contract so that will leave me with between £600 to £700 a month which will go into savings.
    Littlewoods £0/£750
    Barclaycard £0/£1,000 @ 0% Nov '18

    Goal: To be debt free by Oct' 31st 2016.

    Now debt free!!!
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