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Pensions Planning: The NUMBER
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saucer said:5
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Peterrr said:saucer said:Corduroy pillows are making headlines! Back home in London now after 27years wait! Duvet know it's Christmas, not original, it's a cover.2
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So how is everyone's number holding up after the last year or two of inflation?
Ours is edging towards £50k a year now when once £36k a year seemed 'enough' just a few years ago.
Biggest increases for us have been (like most people probably):
- gas / electric
- insurance
- council tax
- food
- socialising
- holidays! (wow, have things increased massively this year)
Below is our updated spreadsheet; items highlighted in orange are those that could be reduced or eliminited if needed.
(oh, looks like I can't do colour but it is mostly travel, takeaways / eating out, holidays)
Be interested to get others feedback!Service Month Year Home Mortgage £466.00 £ 5,592.00 Council Tax £ 270.00 £ 3,240.00 Garden Waste Bin Collection £ 5.00 £ 60.00 Mortgage Life Insurance £ 14.00 £ 168.00 Buildings & Contents Insurance £ 27.42 £ 329.00 £ 782.42 Utilities Water £ 36.00 £ 431.94 Gas & Electric £ 200.00 £ 2,400.00 Virgin Media 350 Phone / Broadband £ 40.00 £ 480.00 o2 SIM Pay Monthly (inc Apple Watch) £ 24.00 £ 288.00 o2 SIM Pay Monthly (inc Apple Watch) £ 24.00 £ 288.00 TV Licence £ 13.30 £ 159.60 Nest Aware subscription (cameras) £4.58 £ 54.96 VPN £3.00 £ 36.00 Apple iCloud 2TB family £6.99 £ 83.88 google one £1.50 £ 18.00 Moneyhub subscription £0.83 £ 9.99 £ 354.20 Food & Dining Food / groceries / toiletries / Alchohol £ 600.00 £ 7,200.00 Takeaways / eating out / pub £ 600.00 £ 7,200.00 £ 1,200.00 Car / bike Car MOT £ 3.15 £ 37.80 Car Insurance £ 28.00 £ 336.00 Car Road Tax £ 24.17 £ 290.00 Car Breakdown £ 5.12 £ 61.44 Car Service £ 20.00 £ 240.00 Car Maintenance £ 50.00 £ 600.00 Car diesel £ 80.00 £ 960.00 Car Legal Protection £ 1.50 £ 18.00 eBike insurance x2 £ 15.08 £ 181.00 £ 227.02 Entertainment Netflix 4k £ 15.99 £ 191.88 Spotify Duo £ 13.99 £ 167.88 Amazon Prime £ 6.58 £ 79.00 Theatre/cinema/gigs £ 50.00 £ 600.00 £ 86.56 Holidays Holidays £ 600.00 £ 7,200.00 Travel (bus, trains, taxis, parking) £50.00 £ 900.00 £ 650.00 Health & Wellbeing Clothing £ 300.00 £ 3,600.00 Hairdressing £ 28.33 £ 339.96 Dental £ 25.00 £ 300.00 Eye tests / glasses £10.00 £ 120.00 NHS Prescriptions £3.05 £ 36.60 Private Health Care x2 £23.80 £ 285.60 Swimming Pool subscription x2 £4.17 £ 50.00 Swimming pool sessions x6 £27.00 £ 270.00 £ 421.35 Gifts Birthdays, christmas, donations £200.00 £ 2,400.00 £200.00 Fees ISA Fees x2 £19.98 £ 239.76 Pension Fees x2 £20.00 £ 240.00 Santander Lite 123 account £1.00 £ 12.00 £ 40.98 £ 3,962.52 £ 47,796.29
early retirement wannabe9 -
We have moved from £2500 per mth to £2650, however this still shows an end of year surplus so could live of less if neededIt's just my opinion and not advice.4
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I've been looking to see what I previously said on this thread. With a finger in the air approach I made it £2500 net a month. With a more detailed look, that would be doable, but I think £3000 net would be more appropriate for where we are now.
DB pension and state pension when it comes would more than cover that - so I simply need to fund a modest gap between now and SPA.
6 -
Just looking over the table above, didn't Amazon prime go up to £95/year? it used to be £79 but it went up..
Kev0 -
On the table above , when you say £50k a year is that gross , before tax taken off.
and , £600 pm on pub and takeaways 😃2 -
westv said:kev2009 said:Just looking over the table above, didn't Amazon prime go up to £95/year? it used to be £79 but it went up..
Kev
Kev0 -
And where can I get Private Health Care x2 for £285.60?
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