How much do you PERSONALLY have available to spend each month as discretionary income?

JackeeBoy

Approximately how much do you PERSONALLY have available to spend each month as 'discretionary income', that is to say money left over after deducting taxes (including council tax) as well as expenditure on accommodation, utilities and food?

just curious....

After everything, there is probably £300 I can spend on what I want, including saving. If I was going to spend all that money at the beginning of the month, I would pretty much have to live of bread and water.

goodwithsaving

What's the point of this? Everyone's situation is different.

Pollycat

goodwithsaving wrote: »

What's the point of this? Everyone's situation is different.

+1 to this ^^^^

Les79

roughly £2100

KnightRider

Yep - everyone's situation is different and will depend on where they are in life, what has happened along the way and other stuff. If you'd asked me this about 10 years ago it would have been a very different answer to the one I can give now!


I'm not going to give an exact figure... but I'm a single guy, living on my own and have no debt other than a mortgage (which I've managed to whittle down quite a bit over the last few years). I set myself a fixed amount to save each month for the future or for when something big breaks (like the roof, for example) but I live very comfortably, I collect geeky stuff and go to events... spoil myself probably more often than I should. I'm very fortunate and grateful because it hasn't always been that way! :-)

AylesburyDuck

JackeeBoy wrote: »

Approximately how much do you PERSONALLY have available to spend each month as 'discretionary income', that is to say money left over after deducting taxes (including council tax) as well as expenditure on accommodation, utilities and food?

just curious....

After everything, there is probably £300 I can spend on what I want, including saving. If I was going to spend all that money at the beginning of the month, I would pretty much have to live of bread and water.

You said after "accommodation, utilities and food?"
So why would you be on bread and water if you spent it at the start? Presumably you dont budget for bread and water. :rotfl:

euronorris

AylesburyDuck wrote: »

You said after "accommodation, utilities and food?"
So why would you be on bread and water if you spent it at the start? Presumably you dont budget for bread and water. :rotfl:

I was wondering the same thing!

AylesburyDuck

goodwithsaving wrote: »

What's the point of this? Everyone's situation is different.

Exactly, it varies depending on overtime in this household, no two months the same unless theirs no overtime on offer, so how longs a piece of string.

Pollycat

AylesburyDuck wrote: »

Exactly, it varies depending on overtime in this household, no two months the same unless theirs no overtime on offer, so how longs a piece of string.

I'm always suspicious when someone asks questions such as this because they're 'curious'.

PasturesNew

If I have £1 ..... and then meet Mr Right .... it'd change overnight to, possibly £1000.

If you are going to do such a thing as this, then you shouldn't arbitrarily pick your numbers - disposable income is "after housing costs", else it gets queered by people living luxuriously and bemoaning poverty.

Maybe "after work travel costs" would be relevant, but not food etc.

Two people might have £500/month at this point.

If one spends: £150 on heating/water and £200 on food they have £150 remaining.

If another spends £60 on heating/water and £100 on food they have £340 remaining.

Both have the same money, at £500 ... but the one with £150 remaining will be "moaning" that the other's so much better off....

ska_lover

About £7.6M Give or take a few hundred thousand