little worried about my mortgage and other costs of living

PasturesNew

My salary (on hand) is £430pw (£1720pm if is 4 payments – or £2130 if is 5 weeks). The salary should increase next year 5-15%.
No other incomes – maybe something but not regular – let say +£1000-1500 per year

£399 - mortgage
£103 - flat service charges (inc water and building insurance)
£150 - repayments/savings
£120 - council tax (guessing)
====
£772


£34 - car insurance
£100 - diesel
£12 - car tax
£20 - car repairs/MoT
====
£166

£40 - electricity
£20 - contents insurance
£30 - mobile phone
£15 - internet
===
£105

£127 - loan 1
£34 - loan 2
£75 - loan 3
===
£236

£200 - food - should be more than enough to pay for 2 people and a dog.


Precis:
£772 - Flat cost
£166 - Vehicle cost
£105 - Bills
£236 - Loans
£200 - Food
====
£1479

Even when you're earning £1720 there is plenty of spare money left over for you to live on. Two people and a dog can be very comfortable on this wage.

Edited: to remove the TV licence fee because of previous posting.

Jonbvn

OP,

I would look at repaying those loans rather than pay into an ISA, except if they are low/zero interest.

michalp

thank you

I didnt add the road tax and the mot because I'm planning to pay for it by money which I get when month got 5 (sallary) weeks - If you know what I mean (dont know how to say that - sorry). It is approx £1720 + ~£1000-1500 bonus (per year)

michalp

Jonbvn wrote: »

OP,

I would look at repaying those loans rather than pay into an ISA, except if they are low/zero interest.

only 2 loans are 0% - bicycles £35month and dfs sofa £75 (I will start paying for it around 10/2009)