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

fred246

duncanthedog wrote: »

My dad has a negative income, he has to dip into his savings almost every month just to buy food.
He is on a fixed income which does cover all his bills but not his day to day living (or mine)

On the plus side, we do what we want to do and dad doesn't have to go out to work so there is plenty of time for me :T

Maybe you could help your dad out Duncan and catch your own food. Just a reminder - CYCLISTS ARE NOT FOOD.

Hectors_House

If it’s a good month (no big bills going out) it’s £1,000.

Only possible by, finally being mortgage free.

I put most of that aside in savings though cus you never know what is around the corner but it’s great to be able to use my hard earned on what I want to now, be that a holiday or making changes to my house.

System

I have zero :rotfl:

username901

Most months about -£1000 between wife and I as each taking a small salary up to our 0% tax band, but we can give ourselves a director's loan or dividend up to our 40% band if/when needed (Xmas, prime day and black Friday )

ska_lover

I would be interested to see a poll, of Contentment V's Left over money at the end of the month
or 'Those earning a full time wage, how much free time do you have available to you'

Does money really bring you happiness? For me, the opportunity of getting my hair done at a more expensive Salon, or eating M&S food - didn't

I am talking left over money / after all bills gone - having a huge chunk to do whatever you want with

The jobs with the higher paying salary surely are more difficult/stressful lifestyles

(Well that is what I found myself to a huge degree)

I'm not trying to put anyone down with these thoughts - we all do what is right for us, at the time.

boomer69

We have around £300 each, neither of us work and our total outgoings are £20k pa with income of £18k pa (=£2k from savings).in a couple of years I get my SRP of around £5k (£7k causing £1500 income tax), so another £100 a month if we want, Then the wife gets her SRP in 2027 - we'll be quids in then if I'm still alive !!


In 2027 our post tax income will be £30k, so ignoring inflation £200 a week more than we spend now. Pushing our disposable to £700 a month each, we will never spend that.

Sea_Shell

We don't have any income anymore.

We're in the "living off savings but not yet drawing a pension" phase, so for us, we only spend what we need/want.

You could argue that our whole pot is "disposable" or none at all, because any £ not spent means the pot lasts longer.

If you have a debt (other than stoozed 0% CC) then can any income be truly disposable, if it could be utilised better elsewhere.