new job,reduction in monthly wages

bedlington18

Im starting a new job soon,and I will be coming off permanent night duty and working days. My boyfriend and I have worked out the maths and it is affordable to do. We are splitting all bills and housekeeping money down the middle, and putting £250.00 each into our joint savings acc every month. I have some of my own bits to pay as well from before I met him, and when all is done and dusted I will be left with between £250-£300 spare a month for me. Has anyone got any tips or advice....how much money do you have as spare each month,and is it manageable?:o:j

Paully232000

You actually have £500-£550 spare each month when you take savings into account, which is a lot more than a lot of people i would imagine.

advice and tips on what?

Is that enough for you?

I could say we have £2000 spare each month and doesn't reflect your situation.

~Beanie~

What does the 'spare' need to cover? I only have around £100 spare each month but then before this I allocate £200 of my budget as 'fun' money, to spend on nights out and things like that.

shortcrust

It all depends on your lifestyle. I save most of my income and give myself £450 a month for everything after utilities and rent. It's just enough for me to do the things I want, but it would have seemed like a pittance 10 years ago when I would happily spend £250 on a night out.

FireWyrm

bedlington18 wrote: »

and when all is done and dusted I will be left with between £250-£300 spare a month for me. Has anyone got any tips or advice....how much money do you have as spare each month,and is it manageable?:o:j

Spare? Zero. Allocated, thousands. In actuality, you dont have any spare money at all, just obligations that you are putting off. What about an emergency fund for your home or if one of you loses your job? What about pension contributions? What about actual savings for any and all eventualities? 'Spare' is a very relative term indeed and the truth is, unless you are independently wealthy in some way, perhaps having recently hit the bonus ball on the lottery and all your future dreams and requirements are taken care of, you dont have any spare money at all.

Paully232000

FireWyrm wrote: »

Spare? Zero. Allocated, thousands. In actuality, you dont have any spare money at all, just obligations that you are putting off. What about an emergency fund for your home or if one of you loses your job? What about pension contributions? What about actual savings for any and all eventualities? 'Spare' is a very relative term indeed and the truth is, unless you are independently wealthy in some way, perhaps having recently hit the bonus ball on the lottery and all your future dreams and requirements are taken care of, you dont have any spare money at all.

of course people have spare money, I know I do.
Money with which if i didn't have it i would be no worse off than I am now. Money to spend on the things that i, in no way need to have to make my life any better than it already is. That is after pension, savings/emergency fund.

shortcrust

FireWyrm wrote: »

Spare? Zero. Allocated, thousands. In actuality, you dont have any spare money at all, just obligations that you are putting off. What about an emergency fund for your home or if one of you loses your job? What about pension contributions? What about actual savings for any and all eventualities? 'Spare' is a very relative term indeed and the truth is, unless you are independently wealthy in some way, perhaps having recently hit the bonus ball on the lottery and all your future dreams and requirements are taken care of, you dont have any spare money at all.

I'm struggling to see the point of this post. We all know exactly what the OP means by 'spare' in this context.

FireWyrm

Paully232000 wrote: »

of course people have spare money, I know I do.
Money with which if i didn't have it i would be no worse off than I am now. Money to spend on the things that i, in no way need to have to make my life any better than it already is. That is after pension, savings/emergency fund.

then you are independently wealthy...well done, but the OP isnt.

FireWyrm

shortcrust wrote: »

I'm struggling to see the point of this post. We all know exactly what the OP means by 'spare' in this context.

Exactly my point. No one has any spare money. They just have things that they are putting off buying because they are pretending they have spare cash available and it will always be that way.

Want to retire while you can still enjoy a little life? Forget it unless you have a pension pot of sizeable proportions, that piddly little £30K you accrued through your work isnt going to go very far. Money devalues over the decades and what looks like lots of money and time now really isnt.

Paully232000

FireWyrm wrote: »

Exactly my point. No one has any spare money. They just have things that they are putting off buying because they are pretending they have spare cash available and it will always be that way.

Want to retire while you can still enjoy a little life? Forget it unless you have a pension pot of sizeable proportions, that piddly little £30K you accrued through your work isnt going to go very far. Money devalues over the decades and what looks like lots of money and time now really isnt.

They do have spare money, they have said so.
I am not sure how mentioning retirement comes into it, or putting off buying things. If i left work now (I am no where near retirement), as a lot of people i presume, would have no spare money, if i took a job that paid an amount less i would have no spare money, but as it is now i have money (as the OP does) that they can spend on what they want as it isn't allocated to anything in particular like a gas bill etc

shortcrust

FireWyrm wrote: »

Exactly my point. No one has any spare money. They just have things that they are putting off buying because they are pretending they have spare cash available and it will always be that way.

Want to retire while you can still enjoy a little life? Forget it unless you have a pension pot of sizeable proportions, that piddly little £30K you accrued through your work isnt going to go very far. Money devalues over the decades and what looks like lots of money and time now really isnt.

Yes, we all know that already. The OP is asking whether £250 to £300 per month is enough for them to fund their spending after bills and housekeeping. That's what the OP means by 'spare' money. Isn't that obvious? A simple question really, albeit one that none of us can answer without knowing how the OP lives their life.