How much disposable income do you have?

rictus123

Well im fortunate to live at home with my parents and pay just £100 a month for washing,board and all my food. All other monthly outgoings added on and im left with £745 to spend on whatever i like. Started saving and im trying to get £5k in my ISA by the end of the year. I turn 19 at the end of next month so having more than £5k by the time im 20 next summer will be great!

LeeSouthEast

Male, 26, divorced (and now have a non-residential girlfriend who is not evil).

After essentials are paid for (including food, fuel, rent, insurances, fixed bills etc etc) disposable is around £1,600 - £2,500/mo depending on income for that month. Majority of this ends up in the savings account, but I allow about £100 a month for fun and spontaneous frollicks.

Shoe_Gal

About £200 after essentials and £400 debt payments

£200 has to cover all food, toiletries, going out, clothes, presents and shoes :eek:

In another 4 years hopefully the £400 debt payments will be done, then savings - and a bit more fun money

tazzy2010_2

Hi I'm 26 and after everything inc food and petrol I usually have about 100ish to myself, I stopped spending my hard earned me money on lunches, chocolate and unneccessary stuff and save it for nights out :T

Malky

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banwa

This is a really interesting question because I have never really looked at our money this way before. Between us after mortgage, bills and petrol, we have a massive £1500 (more sometimes). Currently paying £1000 in debts, the rest is for food and spends.

Makes me kick myself that we are in debt.:mad: (although we haven't always earned this, and we had various quite big one-offs) Although I have learnt some invaluabe life skills in budgeting and money saving, it was long overdue.

Can't wait to have it all paid off, but the spare income is already spent. Need to up the pension payments, might need to replace 1 if not both cars, we really could do with a bigger house (2 bed terrace means not a lot of room when 4 stepchildren come to stay!)...and one day a baby of my own?:)

*goes off to check there are no appliances on stand-by*

natsing

DH and I have about £900 after all bills and minimum replayments, £350 is taken out for food, petrol and spends, anything we don't spend is being saved towards a weekend away at the end of May and a holiday to visit family in Devon in August, so trying to be extra frugal ATM, should be able to get all my debts paid with the other £550 in about 15 months! To be fair we rarely go out, unless local and with an offer of some kind, this month I have a paid work night out which I will use to the best advantage.

Stoney_G

I'm a 28 year old 'unmarried' female. I have a very strict budget as am paying off my debts as quickly as I can!!!

I am left with £150 per month for fun. I always take £100 of this and put it towards something that I can 'see' if that makes sense - so currently I have been saving this towards a festival I'm attending in France this year. After that...who knows!!

So basically I have £50 per month to do stuff with - and that's where my imagination comes into play

elvis86

banwa wrote: »

This is a really interesting question because I have never really looked at our money this way before. Between us after mortgage, bills and petrol, we have a massive £1500 (more sometimes). Currently paying £1000 in debts, the rest is for food and spends.

Makes me kick myself that we are in debt.:mad: (although we haven't always earned this, and we had various quite big one-offs) Although I have learnt some invaluabe life skills in budgeting and money saving, it was long overdue.

You're so right, it does make you kick yourself re how much you have to put towards debt payments. Its like my car repayments, I don't object to, as it was a fixed amount, over a fixed term, to buy a certain thing, y'know?

But, it makes me so annoyed with myself! Like, with the disposable income I have, I could get by quite nicely...but only if I ignored the credit card. Factor in any kind of decent payment off that and I struggle. And I only have £1200 to clear on mine so God knows how some people get on!:(

gwen80

I'm young-ish (not far off 30!:eek:) and I have £550 left after mortgage, bills, credit card payment and savings. I currently save £150/month towards house renovations, £75/month for a new car, £60/month towards car expenses and £20/month towards Christmas. These go out of my bank account as soon as I'm paid and I'm left with £550 for the month.

Reading these posts £550 sounds like a lot for food, petrol, cleaning stuff, toiletries, clothes, hair cuts, shoes, going out and small repairs to house and car, but I'm always skint...where is it all going???:eek: