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

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  • fred246
    fred246 Posts: 3,620 Forumite
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    edited 27 May 2019 at 8:43PM
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    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) :o

    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
    Hectors_House Posts: 596 Forumite
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    edited 2 June 2019 at 6:46AM
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    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
    System Posts: 178,094 Community Admin
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    I have zero :rotfl:
  • username901
    username901 Posts: 236 Forumite
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    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
    ska_lover Posts: 3,773 Forumite
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    edited 26 July 2019 at 1:13PM
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    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.
    The opposite of what you know...is also true
  • boomer69
    boomer69 Posts: 843 Forumite
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    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
    Sea_Shell Posts: 9,379 Forumite
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    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.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.31% of current retirement "pot" (as at end March 2024)
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