Salary vs mortgage and bills-% leftover guide?

sterl1ng

I've just been putting a budget planner roughly as to new mortgage and other bills I can think of and have offset from salary.... Amount leftover is good but is there like a % I should look at leftover? I can put that into topping mortgage but also rainy day fund.

retepetsir

The figure banded round is 'no more than 30% of Gross income for mortgage', so that's not with bills, etc.

To be honest it varies greatly depending on your lifestyle. The more you have left over the better. It's entirely up to you, but I tend to go on the side of caution and save as much as is reasonably practicable each month depending on upcoming and also unexpected bills.

sterl1ng

I generally save save save and plan still doing that, calculating its going to be just over 35% for me once I get somewhere. I'm the kind of person who hates being in debt so likely ill pay on top and also get in lodger

littlesparkles

Earnings 2200 (net total for a couple)
Mortgage and bills (inc food shop, insurances etc) 1400

The bills figure includes pretty much everything including insurance and services for 2 cars, life insurance..... It doesn't include petrol, clothes, nights out, unexpected repairs.

This puts us in a comfortable position but that will change if we have a child!