Disposable income

midlander81

Hi everyone,

I am asking this question our of nothing more than curiosity and to see how we compare.

After we have paid our mortgage, household bills, food, fuel for cars and minimum debt repayments we are left with about £1000 per month that is disposable. We use some of this to overpay on debts.

What do others have as disposable income? £1000 sounds quite a lot but we rarely have more than a few hundred quid left by the end of the month.

katie4

Same here we have just over £1000 diposable but i have no idea where it goes

dan958

If you have £1000 disposible each month and still find yourself with a little left over each month, take a really good look at your outgoings. That is a lot of outgoings to spend.

As long as you are still saving, and are happy to be spending £1000 each month, then continue doing so.

This also does depend on what you class as 'disposable'. Disposable money for me is the money I give myself at the end of the month after I have purchased all my necessities (mortgage, bills, groceries etc)

MovingForwards

My disposable income is about £200.

I know down to the last penny where my money goes.

PasturesNew

I'd feel grateful if I had £100-200.

Even after just paying rent many people don't have £1k left.

tallyhoh

gosh, we have only £900 per month to pay all our bills etc (earned income), fortunately we own the house outright.

We actually have some disposable income of approx £150 which is saved

katy_ann

I have a disposable income of £50 a month, I cant imagine having a grand a month left over!

natlie

This month I am minus approx £350 which is all of our food and general living costs as once our bills and debt payments go out we have £0 left. I work two jobs one full time one part time, but August is quiet on the part time job - going to be selling online to offset some of the difference

Poppy1984

After all my bills, minimum debt repayments and groceries I have £200 disposable income left, a lot of that gets swallowed up by paying for things my son needs. Any money that's left out of it at the end of the month I either save or overpay off my debts

webnibbler

Where possible I try to follow the 'pay yourself first' method, so money that goes to savings goes out at a fixed time early in the month. That way any disposable money at the end of the month is truly disposable. It makes hitting savings targets easier.

Poppy1984

webnibbler wrote: »

Where possible I try to follow the 'pay yourself first' method, so money that goes to savings goes out at a fixed time early in the month. That way any disposable money at the end of the month is truly disposable. It makes hitting savings targets easier.

I do this also but if I'm saving for something particular I will use any left over disposable income to debt or extra saving