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Free money per month?
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Hi Guys,
I'm actually pretty certain i've seen a thread around here on this before but for the life of me i can't find it so i'm going to ask you nice people for some help. How much free money a month do you think is reasonable? By 'free money' i mean money to do what you would like, including buying clothes, going out etc. Not including food unless its eating out in restaurants which i would include in the 'going out' category
So after bills (mortgage, rent, phone, tax, electricity & gas etc etc) how much money do you or would you like to have left? I'm moving out of my parents soon (i lived with a partner before but i think thats different to being on your own money wise), i have some savings for a rainy day which i will keep and i have worked out that i will have around £450 left a month.
Any opinions would be great, thanks
I'm actually pretty certain i've seen a thread around here on this before but for the life of me i can't find it so i'm going to ask you nice people for some help. How much free money a month do you think is reasonable? By 'free money' i mean money to do what you would like, including buying clothes, going out etc. Not including food unless its eating out in restaurants which i would include in the 'going out' category
So after bills (mortgage, rent, phone, tax, electricity & gas etc etc) how much money do you or would you like to have left? I'm moving out of my parents soon (i lived with a partner before but i think thats different to being on your own money wise), i have some savings for a rainy day which i will keep and i have worked out that i will have around £450 left a month.
Any opinions would be great, thanks
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Comments
I do have very cheap rent though and not that many bills to pay.
We currently have about 0 left for leisure too lol, although we do actually treat ourselves to like a take away or something once a month
The rest of it is going off debts before the 2nd baby gets here
Half of it goes on petrol and the other half just seems to disappear on miscellaneous sundries (ie i've got no freakin idea what happens to it).
We do go out a fair bit, we've set up a third account that we put £40 a month into, that pays for odd meals out e.t.c.
am single
we can't tell you if your budget is correct or not - as it's YOURS and we do not have a list of your expenses / habits / lifestyle
as for how much I'd like to have left - £1000! that will do!
Yeah £50 a week £200 a month is for the both of us. Depends how much my boyfriend earns as thats different every week. I would love love £450 a month spare, that would be well luxurious!
I know you can't tell me whats enough for me, i was just looking for opinions and stuff, suppose i need reassurance!
Thanks for everyones posts
Little Penis Compensator?
I generally don't measure in terms of free money, but days left with no money.
Income: £4.5k (£3.5k work, £1k from the missus, I then pay for her for everything)
Mortgage: £2k (£1k redemption, £1k interest)
Household bills: £250 (inc £120/mth council tax!)
Food: £500 (including restaurants)
Going out: £1,500 (bars and nightclubs)
Transport: £100 (taxis mainly)
Clothes & gadgets: £150 on average
Savings: Zero, zilch, nada.
If one month I take an exotic holiday (every 3-4 months) or buy a good gift then I don't pay the mortgage redemption / so much on going out.
What is absolutely killing me is the cost of social life - normally twice a week it's a friend's birthday, and it's always the same fucking thing - go to a fancy restaurant ending up at £40 a head, and then onto a nice nightclub where we book a table and get bottle service all night, £150-200 vodka bottles each time, then at the end the cost is split between all the guys, the girls never pay - including taxis etc each such night easily costs £150-200. :banghead:
Fine for now, income and expenditure match up. I know it's ages but I'm just worried how much kids are going to cost!! My boss has 6 kids and spends £120k a year on their education. Having gone to an apparantly "good" comprehensive school and found it to be hell on earth, I want my kids to go to top private schools where they didn't have the problems I had (ie a school packed with chavs who don't care about education slowing you down), that's gonna be a huge cost.
You don't have to accept every invitation to go somewhere, and unless the girls in your group literally can't afford to/pay their own way then why should all the guys pick up the tab?
£50-£60 a week very roughly. But I do tend to put this in savings. That seems a lot more than I thought actually. :chin: I might have missed something out in my calculations.
£200 a month... so that's £600 a term in my savings / paying off student overdraft - that's about right actually.
Of course, if I don't work this summer I'll be much worse off for the year - using the same numbers as before I'd end up with £15-£20 a week on average.
I don't save anything though, but I'm gonna start.
Well worth it though