is £1000 a 4/week month disposable income alot?

williewonder

After all bills and rent and food? £1000 a month disposable income is just for holidays so £13000 a year for holidays and travelling for one person. Is that doing good? I have £280 a month for food shopping and clothes and eating out. Plus £1000 4/weeky as disposable income.

blue.peter

I certainly wouldn't complain at that. If you've got any money over after you've paid for rent/mortgage, energy, council tax, water/sewerage and food, you're fine.

Save some, spend some.

phillw

williewonder said:

After all bills and rent and food? £1000 a month disposable income is just for holidays so £13000 a year for holidays and travelling for one person. Is that doing good? I have £280 a month for food shopping and clothes and eating out. Plus £1000 4/weeky as disposable income.

It's all relative. To someone who is on benefits then that is a lot. I know a millionaire who takes home £50k a month.

If your first thought is to spend it, then you're going to find out that it's not very much at all.

lr1277

Does that disposable income figure include that you have already set aside money for savings? That is short term savings in an instant access account, medium term savings (if that suits you) and long term savings either in a pension or an ISA?

Edited to add punctuation

Nebulous2

It depends on context.

Will this be a transient phase in your life?  Such as living with family, with low housing costs?

What about expensive tastes, any craving for a luxury car? 

Do you have any plans to retire early? It's a long time to 67 / 68 but knocking 10 or more years off that can require a serious commitment to saving / pension. 

Expenditure has a habit of expanding to the point that it uses the money available. 

To answer your question however, if your ambitions are met, you have; the house you want, the car you want, the job you want, the retirement date you want built in .

In other words this is a state you expect to continue or improve from here on, then you are doing better than most people with £1000 a month to spend on travel. 

AmityNeon

What does “doing good” mean for you personally? No worries about the essentials? A comfortable lifestyle supported by work? A secure retirement? Financial independence?

If by “bills” you also mean paying your future self to cover emergencies, sinking funds, lifetime expenses that are incurred less frequently than annually (e.g. a car and a house), a retirement suited to your desired lifestyle, and gifting to friends/relatives/dependents, then an excess £13K a year provides a relatively comfortable choice of holiday options if you feel £70 a week is sufficient for everyday living.

Robin9

To transport (walk to work ?)   No mentions of pensions (allow 1% of your age -  eg at 25 should be 25%;  no mention of rainy day savings.

Have you really got a £1000 left in your bank or in a savings account at the end of the month.

sheramber

The  OP is in supported living so no commuting expenses.

Takes several holidays each year.

Ryan_Holden

Is this some sort of weird flex?

If you've paid all your bills, your rent and fed yourself and you have £1000 every 4 weeks spare, of which you allocate to holidays, then yes, you are doing good.

Not sure what the point of the thread is.

AmityNeon

sheramber said:

The  OP is in supported living so no commuting expenses.

Takes several holidays each year.

If they’re already doing this and aren’t asking for advice (in terms of budgeting and future projections), then I’m left to wonder what they’re really asking.