Disposable Income

gb-ww

Hi all
There are lots of threads about the costs of moving and mortgage payments, plus the costs of bills etc once you've moved in. I am someone who is looking to buy soon and would be interested to know how much people budget to leave themselves as 'disposable income' every month, once they've paid for the mortgage and all their bills and food etc.

Is anyone prepared to share this info?! would be really useful to know. Obviously there will be lots of factors that make it different for everyone i.e. being single or in a couple, not to mention salary.

Thanks for any info.

Mini_Bear

I wouldnt be comfortable with less than 1k disposable income after all bills, food and savings. but i have expensive hobbies (cars and travelling) so i guess im not the norm.
If you currently live by a budget (most on here do regardless of income) what is your current disposable income and how much of a cut do you plan on taking?
will you be factoring in emergency savings and a holiday pot as part of "bills" - i would!

LandyAndy

By the time I come to work out my disposable income I find I've disposed of it.

Niv

£1k pm disposable income?? All I can say is nice :-)

For me its much much lower nearer £300/400pm (may work out exactly laer as you got me thinking).

Rikki

Some people don't have the choice about making sure they have disposable income left at the end of every month.

Due to price rises for gas/electric, insurance, petrol etc my disposable income at the end of the month can be as little as £10 the most it has ever been is £50 and that was a one off.

Raggie

Rikki, your right...

On paper taking into account mortgages bills etc I do have a dissposable income..

but I allways seem to dispose of it.....!

twirlypinky

I have about £100 a week, which i must stop blowing on clothes and start up some kind of car savings for.

LittleMissAspie

About £300pm after all household bills, although not all of those bills are essential. If I had to cut out the non-essentials for an emergency I would have more like £600pm.

I've actually overestimated all the bills though, even though we've been renting for a long time and I have a good idea of monthly bills, I've still overestimated them because I'm ultra-cautious with money. So once we've settled in and got into a routine with the bills, I should have a little more left over.

This is just my money and my half, my boyfriend earns more than me so as a household we have a lot more left over.

PS: I like classic cars and travelling too but would have to move back with my parents to have £1k disposable income!

FATBALLZ

When I get a mortgage (next year hopefully) I would expect to have £1500 disposable income, as a family (of 3). Although I'd likely want to use some of this to make overpayments.

Lilium

On just DH's salary (because we're not counting on having mine forever...mine goes on childcare, petrol and savings/mortgage overpayments at the moment)...

...after bills (which we've included £150 saved...shared between a mortgage overpayment pot, health pot (for dentists/glasses) and car expenses pot) we have around £350 left. Of course, if needs be we could skip the saving and have £500 left.

lee636

Around £600-£700 between 2 of us.