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How much save

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Greg89
Greg89 Posts: 352 Forumite
Tenth Anniversary 100 Posts Combo Breaker
edited 1 August 2023 at 12:08PM in Budgeting & bank accounts
My now team leader picks up around £1760 a month 

His outgoings:

£500pm fixed rate mortgage
Council tax
Electricity and Gas bill £400 all together that's what he said 

So £900 automatically goes

Car insurance, I assume £60pm, 07 plate
Petrol, he doesn't drive far to work £120pm
Food, £160pm, he eats a lot 

£340 out

£520 left

Building and contents insurance (my dad pays around £360 per year for a detached three bedroom house) £30pm
Water bill £40pm
TV licence £10pm
Entertainment 
Mobile phone £24pm
Internet £15pm

He plays football every sat evening 

£429 left

He does go on a big holiday per year 

He has a young child now

His partner does obtain child benefit 

How much do you think he saves per month

£300

Comments

  • Impossible to say from that.  

    Lots of assumptions over spending, an unknown holiday cost, a partner with unknown income or outgoings, and unknown debt between them. 

    Could be saving a few hundred or it could be a negative figure.
  • Perhaps they live together like Eric and Ernie.
  • fourmarks
    fourmarks Posts: 260 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    What is the prize and how many guesses do we get?
  • powerful_Rogue
    powerful_Rogue Posts: 8,332 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    What's it got to do with you how much he spends/saves?
  • eskbanker
    eskbanker Posts: 36,964 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Greg89 said:
    How much do you think he saves per month

    £300
    OP, since you've been active on the forum numerous times since starting this bizarre thread, are you planning to return and clarify what it's all about, i.e. why have you posted a load of information about someone else's finances with no apparent purpose or question?

    Was it perhaps meant to elicit responses of 'wow, how does he manage to save so much' or 'wow, how does he manage to save so little'?

    Why should anyone (including you) care?
  • Lions_89
    Lions_89 Posts: 151 Forumite
    100 Posts
    The wife likely buys the food etc so he has nothing else to pay for.
  • The OP has asked a virtually identical question previously about another “friend” and in another he tells us how much his team leader saves, in yet another he’s asking if his team leader can charge him for a missed first aid course.   There’s definitely a strange level of interest in this individual.     
     I get really irritated by these “asking for a friend” posts.
  • Rich1976
    Rich1976 Posts: 692 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    How come you know so much about your team leader’s finances?
    such a bizarre post.

    the most I know about my team leader’s finances is that there is more month left than money!


  • boingy
    boingy Posts: 1,905 Forumite
    1,000 Posts Second Anniversary Name Dropper
     I get really irritated by these “asking for a friend” posts.
    Are you sure it's you who gets irritated or is it a friend?
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