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Disposable income

Good evening everyone,

this is a bit of a nosey question…..

after all essential bills and minimum debt repayments, how much do you have left. 

After years of financial management I am just getting to grips with budgeting! 


  • enthusiasticsaver
    enthusiasticsaver Posts: 15,765 Ambassador
    First Anniversary First Post Name Dropper I've been Money Tipped!
    When working out budgeting it is not only disposable income you need to think about but also saving for things you know you will need to pay for like car costs, holidays, christmas and house maintenance. 

    Our income is £3k per month divided between pensions and our essential bills are £700 per month and then £250 food and £150 fuel.  We don't have debt though. We tend to save £1k per month for cars, holidays and gifts and house and keep £900 as disposable income.  £300 each for my husband and I and the remaining £300 as joint spends. 

    I am not sure how that will help you though but happy to share.  The figures have changed over the years but the principles are the same.  One third of our income to cover essentials, one third to save and one third to be spent. 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • CreditCardJunkie
    No longer have debt repayments but we allow ourselves £200 each per month for spending (to include any birthday presents, clothes, haircuts, takeaways, days out etc.). Everything else after bills is saved.

    Some months we don't use all our spending money and anything extra goes into savings.
    Debt Free as of December 2020 👏

    Save 12k in 2024 #25 - £500 / £2000

    MFW - 6 months shaved off the mortgage
  • madaboutspots
    We have pocket money each month. It’s varied over the years depending on various factors. Currently £250 each for myself and hubby. Remainder is bills and savings.

    Savings are split into expected spends (insurance, car repairs, holidays etc) then the mortgage freedom account. Hoping and planning for end ‘23 for mortgage freedom. After that we might get a little more pocket money…. But we’ll see. 

    I save most of my pocket money. Not for anything specific - it just needs to be something worthwhile for me to spend it and it’s not often I find something. 🤣
    MFW date 2nd Jan 2024 - task complete YAY!

  • MovingForwards
    MovingForwards Posts: 17,050 Forumite
    First Anniversary First Post Name Dropper Photogenic
    In my last job I had about £700pm after bills, food, petrol and that was split between paying extra off my mortgage, a lot into savings and some into my SIPP.

    In my new job, dropped to part-time, I've got about £100pm and the bulk of it will go into savings.
    Mortgage started 2020, aiming to clear it in 2026.
  • EssexHebridean
    EssexHebridean Posts: 21,716 Forumite
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    The problem is - this question means differing things to different people. I consider "essential spending" to include budgeting for all the "big one offs" like insurances, holidays etc, as well as the amounts we send off to our regular savers each month. When we still had the mortgage, we viewed the "inflated" monthly DD which also took into account our standard overpayment to simply be the amount the mortgage cost us each month - when in fact the real figure of the contractual payment would have been several hundred pounds lower. we do have personal spends -and again I choose to save chunks of mine each month against future planned fun stuff, clothing, christmas and birthday presents for MrEH, friends etc as well as just general "rainy day" savings. I allocate myself £150 a month which transfers to my "personal spends" account and covers most incidentals. 

    Our situation is massively different to many on here though - we have no debt and now, no mortgage either. Comparing our disposable income with someone who is still dealing with mortgage payments and clearing debt is really not of any relevance. 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00
    Balance as at 31/12/23 = £112,000.00
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