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Money in Money out

Didn't know where to post this and feel this is the best group. Sorry if it is not.

Me and the OH have been working out the money in/out and we have approx 18% left over before we take petrol, food and clothing into account. Is this normal or should we be worried.
Debt target: £19,000.00
Debt Cleared : £4,000.00

Comments

  • datlex
    datlex Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Is the 18% enough to cover those? If it is then no it isn't a problem, if it isn't then yes it is.
    Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
  • quantic
    quantic Posts: 1,024 Forumite
    Part of the Furniture Combo Breaker
    Do you mean that once the other bills are out you are left with 18% of your income to pay for petrol, food and socialising etc?
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