How much spends do you have left?

[toffee87]

To give me...lol just kidding

Just moved in with my OH, no kids for a few years.

We're gonna get a new car, lease one where you pay X amount per month and after 3 years you either give it back, buy it or get a new one. It works out better than buying it 100% and then selling, as you don't lose out like that.

Anyway, we've worked out we'll have between £300-360 (not including leisure/clothes) per month for us to save or whatever. That's between us, NOT each lol.

Is that normal, or is that bad/average? ....we have no idea! I mean, we've never really had spare money before, but it does mean that if we want stuff we have to save for a while-which is fine, cause most do, I know

 

[LuckySalem]

Your MUCH better off than us! lol

We have about £50 a month if that spare.

 

[toffee87]

Thanks for the reply, I don't want to sound like a brat. I've been to Uni and got myself in to my overdraft so it's hard to actually handle the real adult world lol. I have worked for the last year after Uni, and have a job now, but only just left home.

It's all so confusing!

You're from Wrexham, I'm from Mold x

 

[LuckySalem]

Well small world!! lol

You don't sound bratty at all. If it were me I'd save like mad personally but don't save if it means going into your overdraft. Overdraft's costs loads! lol

 

[toffee87]

Hehe we're putting into our overdrafts every month now, so what's left I hope we can save at least half of it. For the next couple of the months we'll be focusing on stuff for the flat and then saving for a holiday.

*sigh* wish I was back at school and thought £3 a week was loads lol

 

[Serene123]

That's loads!! lol x

 

[ALY]

We have about £500 but it will go up once i get a job so hopefully soon i can afford to spoil the kids more xxx

 

[toffee87]

lol, it probably is! That's to spend on clothes/savings/ take aways or whatever. That being said, I don't often buy clothes and if I do it's Newlook, primark/george hehe.

We're just CRAP with spending-hence the full overdrafts! Don't ask where it went, cause it went on bits here and there that we don't even remember lol.

 

[LankyDoodle]

I'm not really sure because we always find it difficult to draw the line between essential bills (council tax, mortgage etc) and luxuries (clothes, toiletries), which is probably because we have become so used to having the money available for the luxuries that we consider them to be essentials - doing without is a hardship. Sorry.

After paying for our mortgage, bills, food and cars, we have quite a lot left over, which is evident because we have 2 horses that cost us about 600 a month, we save 150 a month in an ISA, we go on holiday with the horses once a year, we put 300 into a savings account each month which is money to spend on clothes, toiletries, presents for people etc.

So in answer to your question, I don't know, but what we have left is much more than aequate. We don't have children at the moment, though.

£360, after paying all your bills, I would think is above average; plenty of people are living close to the breadline, hand to mouth, and can't afford holidays or new clothes as they have no money left over each month.

 

[FierceAngel]

we have a tenant in my flat so their rent pays my mortgage and we are currently lucky enough to be able to move in to my mums house (she is moving in with her partner) we will be able to live here for about a year until she is ready to sell up (if all goes well with her partner)

we only pay the bills here which are about £100 a month more than they were at the flat but we dont have to pay the mortgage/rent of £750pcm so save £650...

while im on mat pay (for another 10 weeks) we will have £200 per week left over!


we are planning to save most of the excess our target is £8,000 which will pay off our cc's and car hp

 

[Marleysgirl]

Spare money for spends? What's that?

We're having trouble just living off the benefits we get My overdraft is ever-increasing.

 

[kayleigh&bump]

you will do just fine on that if you are careful. We have around £100 spare a month and we use that for clothes, going out etc. Just be careful to only spend what you have! We dont have credit cards or anything like that as we couldnt afford to pay them back xx

 

[Windmills]

Well my OH is AWFUL with money. Really awful. So we don't have joint accounts or anything. We each pay £300 rent each month, share the bills and food, and I end up with about £100 a month.. BUT I just got a new job that'll mean I have about £5-600 a month left over!
I wouldn't even like to try and work out how much my OH spends every month. A ridiculous amount, he's a shopaholic and is always bringing new man gadgets home

 

[Teel]

Taking away all our bills, our disposable income between us is around the £500- £550 mark per month.

 

[jillypoop]

Realistically it will be around 200 for me and around 100 for OH but our money kind of moulds together so we just spend what we can afford and treat ourselves with whatever is left over.

We really should put it into savings but its more fun to spend!!

xx

 

[sparkswillfly]

spare money? whats that?

 

[danni2609]

spare money? whats that?

exactly sam!!

 

[toffee87]

*BUMP*

Just doing a provisional update if we were to buy a house on a new home scheme (pay 80% mortgage, company lends the other 20%).

I worked out that depending on when my payrise happens (it is coming in the future, but I have to complete a qualification) we'll have roughly £300 (without raise) to 500 (with the raise).

When we were in our rented flat, we spent all the money and then some (overdrafts). So this time (getting ourselves straight) we would actually have that spare after bills. No kids, but in 3 years we'll hopefully be TTC.

I'm a worrier though! I guess we'll just have to stick at it and SAVE! And I have to think positively that the mortgage money is NOT dead money, like renting was.

Sorry, this is more of a reassurance blog than questions hehe.

 

[stephx]

Well we use all of my wages on the bills which are around 1k

So we have all of OH's wages which we split which is about £800 so £400 each per month.

It seems a lot, but I never really seem to buy anything lol

No matter how much disposible income you have... you manage We have lived off £10 a week for petrol and food and scraped by without getting into debt, its all about prioritizing and comprimise

xx

 

[toffee87]

Bump: we're REALLY wanting to get a mortgage. We've worked out that after all monthly expenses and without OH's over time, we'd have £300 left to spend between us per month (on anything). With overtime and bonus's etc it'd go up by £200+. We don't have any kids, but want to ttc summer next year x