could you live on £350 per month?

jojopo000

Wish I had even £50 a month to live on!
So if I had that much I would feel wealthy! And I work!

Jojopo

Redbedhead

Yes, I lived on less than that when I bought my first house. I think you just need to be careful with your cash and ensure treats like takeaways are just that - a treat rather than a regular occurence.

I still managed to go to the pub every weekend but rather than getting drunk I would often have fewer drinks or not drink alcohol at all. To me it was about the socialising anyway. Plus when you have a house you can have friends round for a bottle of wine rather than going to the pub so much.

kingkano

Depends if by 350 left you mean COMPLETELY leftover. Have you budgeted EVERYTHING into your monthly budget. ie clothing allowance, allowance for vehicle maintenance, saving up for xmas gifts, etc etc.

I think this is why most of us are saying crikey 350 a month just for going to the pub! no problem! But maybe most people arent as anal about their budgets as me

We have about 100 a mth leftover but its TRULY leftover and every tiny thing (down to the cat's yearly vet visit) is budgeted for

furby-2003

honestly and truthfully after all of my budget has been put together all essentials.

I have nothing left. I don't account for going out, having a drink, buying clothes ect ect. Ive been like that since i left home and can't seem to stop I probably would have some money left but I do things like pay off a £500 cc cill in one month skinting me out. But to me it's worth it :-)

Hurdler

diesel_staffie wrote: »

if we buy our first house, after bills, food, fuel etc we will have £350 per month for 2 adults, only for 5 months as a big loan £400 is finishing.

could you do it??

A few years back I was in a similar situation once I'd started to sort out my debts from (surprise, surprise...) my first house purchase.

In the end I set myself a weekly allowance of £70 (so in effect £280-350 a month depending on how long it is!) and out of that came train fare and treat money.
I opened up a separate current account and all spare dosh from the week goes in there for meals out/treats (DVDs, CDs, etc).
It can be done... and admittedly £350 a month is for just little old me as opposed to between two of u - and I still use it today.


Go for it!

Amarillo

Amarillo wrote: »

We have had a few months of £400 a month for 2 adults and two children, so yes I think it will be fine.

I didn't read the original post properly ! Our £400 was after the household bills and mortgage was paid so covered food, clothes & the other stuff you have to get for children . £350 after food will be a doddle I think.