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Is £40k outlay a year excessive?

2

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    try this format and post for comment

    http://www.makesenseofcards.co.uk/soacalc.html
  • Empty_pockets
    Empty_pockets Posts: 1,068 Forumite
    Was in the same situation few years back.

    Kept a P&L for the last 3 years of EVERY transaction over 50p.

    It's amazing how much money is wasted. Doesn't necessarily change my behavious but certainly makes me uch more aware where money is going.
  • purplebanna
    purplebanna Posts: 39 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Solomon_Broad wrote: »
    £30 a week covers all of your groceries? Or just some?

    Yeah man. Bread, milk, fruit, some yogurt, limited crisps or biscuits, the rest is mostly frozen food with a few tins.

    Boring I know.
  • intranicity
    intranicity Posts: 394 Forumite
    What about the Beer though..... You're young, have a good job and not in debt, PLUS you now want to start having something to show for your money, so I think it's a great wake up call you've had, I which I could earn the money you're on.

    I'm sure that this time next year you'll be wondering why you have so much money in the bank :)
    Opinions are like bottoms - We all have one, just some stink more than others

    Service Attributable Pension - War Pension - War Pensioners Unemployability Supplement - War Pensioners Invalidity Allowance - War Pensioners Comforts Allowance - War Pensioners Mobility Allowance - War Pensioners Child Allowance - Housing Benefit - Council Tax Benefit
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    Income after tax = £53K
    Expenditure = £40K
    You have £13K left over - what is the problem???
    "You were only supposed to blow the bl**dy doors off!!"
  • Malory
    Malory Posts: 176 Forumite
    It's excessive if you don't do anything useful with it. It's not how much money you spend, it's what you do with it.
  • ANGELB
    ANGELB Posts: 40 Forumite
    Part of the Furniture Combo Breaker
    What about the regular trips to the 'hole in the wall' for £20, £30 or £50 withdrawals? Keep an excel spreadsheet and balance your statement each month with a heading for cash machine withdrawals. It will open your eyes - honest!!
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    Is it going on sex, drugs and alcohol, or are you just wasting it?
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    Post up an SOA and we will be more likely to help
    Work in progress...Update coming July 2012.
  • mummyplus3
    mummyplus3 Posts: 890 Forumite
    Blimey! i've started using it as well an cant believe how much im wasting, although I don't actually have much money in comparison to your income lol.

    Good luck with saving for the house!
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