I've just been running through the last few months statements - it's frightening what our 'fixed' monthly outgoings are!
Got me thinking - if you cut out all the bike purchases, cinema trips, food and petrol costs (bear with me...), what would be the minimum monthly cost you'd have going out?
Things like pension, mortgage/rent, council tax, insurance etc etc...(basically, SOs/DDs)
DrP
£1650
Do I include my £100 a month SKY package! 😯
£1500
Do I include my £100 a month SKY package!
Can do.
I've a super calculator that will allow me to equate what the figure would be if you didn't, though...
DrP - £2,300
£400 pcm. Life is very cheap at the moment.
just shy of 1300 quid
didnt count pensions/student loans as if we lost our jobs our pension/loan payments would also stop.....
£1200 for 2 houses when we have tenants in going up to £1600 when without.
Please stay in, please stay in...........
its around 1300-1400 i think off the top of my head, that doesn't include if i worked out the pet insurance, car insurance etc as a monthly cost instead of a lump sum once a year
Best part of $3000. *gulp*
wouldnt have said cars running costs were fixed tbh.... i view them as the first things to be cut if things got tight ... your milage may vary.
£2,021 which will drop to £1,711 next month. If I stripped out a few "luxury" spends, (sky, gym membership etc) I could get the £1,711 down to £1,527
228pm - lovefilm/phone contract/car insurance & petrol/car tax & break down cover/rent, well board
Currently under £900 - gawd bless the low interest rates!
wouldnt have said cars running costs were fixed tbh.... i view them as the first things to be cut if things got tight ... your milage may vary.
It would probably reduce considerably if you sold your car!
£468 pcm approx
Long may debt free life continue
Looks like we are about to buy a 2-3yr old Transporter as well...with cash. (must start yet another new thread)
Who'd have thunk it, you can save up to buy things.
(That's not a commentary on other peoples outgoings, more a reflection on my early adulthood debt issues)
Mine is around 1k, but I don't run a car or pay childcare as my wife looks after the nipper
council tax, house ins, gas, electric, phone, mobile, bband, tv = 220
Ours doesn't include childcare, or petrol... :-/
My insurance in case I go kerazy at work is several 'undred per month - I tried promising I'd be careful, but they were having none of it.....
(refrains from starting a "what does it cost you, simply to be at work" thread..)
DrP
£2120
Edit: that's allowing for our food budget. Which we set a fixed amount for but others may not be including.
My insurance in case I go kerazy at work
😆 😯
no debt, car bought with cash but can't hide from rent, council tax, gas/elec bills, water, insurance, tv licence etc etc!
Wife deals with all the finances, We are mortgage free, don't have credit cards or loans.I think our fixed out going are quite small compared to most. TBH i coldn't even tell you how much we pay in council tax, gas or electric.
A lot.
Exactly how much would require me and Mrs North discussing finances without rapidly descending into a blazing row.
No idea. That's quite bad isn't it? I should probably do some sums but no-one's shouted at me about owing them money for a while now so I just sort of assume it's all ok.
£800 ish but need to sit down and work it out again..
About £1000 at the moment. If i was mortgage free it would still cost me about £500 a month just to live in my house!
Our outgoings seem to be fixed at 'what we earn'
(refrains from starting a "what does it cost you, simply to be at work" thread..)
We have spent over £40k on childcare since our first kid was born. 2 at school now and one in funded sessions so light at the end of the tunnel..
My DDs are:
Council Tax £120.68
Gas £61.00
Elec £39.00
House Insurance £18.34
Water £38.19
Charities £160.00
Spotify £4.99
Virgin Media £24.40
No mortgage and pension comes out of payroll.
Charities £160.00
Good work.
£615 is the basic outgoing, not including virgin media
But spend another £650 on childcare.
So childcare is bigger than all other outgoings put together :-O
Mine doesnt include food. Or a pension 🙁
Cake obviously has its own 3D spreadsheet 🙂
how much are folk spending on food, cos these total must be without food shopping.
£35~ phone contract (unlimited internet so use it for everything)
£29 for kit & contents insurance (includes £4k of bikes)
£173 for car, thankfully only for another 11 payments.
£150 monthly donation to my dad to help out.
Car insurance is a yearly payment of £220.
CILOCT is £20 a month as I don't pay council tax.
After that, disposable income is ~£1200 & I still seem to waste it o.O
Edit to add; Less than £20 a week on food.
Just to pay for living; about £700. ( that's all utillities, food, c tax, phone and housing etc) ontop of that is car, at around £250 a month, but a large part of that is expensed.
50 quid a week on food and household "crap" - cleaning stuff and bog roll etc etc for 2 - was more but decided the canteen at work was just taking the piss both cost and nutrition and filling me with preservatives.
council tax 198 ( pcm)
gas 42 (pcm)
leccy 41 (pcm)
hse ins 235 (pa)
water 40 (pcm)
tv license.. whatever that is..
non essentials..
sky 52(pcm)
bt/ inteweb/ phone calls 70 (pcm)
various club memberships ( football/ motorcycle/car) 45 (pcm)
car insurance 365 (pa)
M/c insurances 800 (pa)
road tax 700 (pa)
kids after school clubs 64(pcm)
kids tuition fees 100 (pcm)
and thats before i take a step out of the door..
Budget planner anyone..
Rent/Mortgage (including any service charges)
Council Tax
Water and sewerage
Gas/Electric/Oil/Wood
Basic House repairs
Life insurance
Household Insurance
Pension
Medical/Dental care
Phones and Broadband (landline and mobiles)
Tv license and Sky/Virgin/other subscriptions
Car Insurance/Tax/Servicing and MOT's
Minimum fuel required
Loans and Credit card repayments
Child maintenance
Charity payments
Basic food & essentials budget (include washingpowder and washing up liquid and anything else you need)
Basic clothing and beauty budget (include hairdressing and other things you need to do)
Savings
Holidays
If your Self employed remember your Tax payments or to remove the approx amount from your income.
Anything else you might see as a monthly need. (Be realistic.)
Well worth doing IMO whether your flush or feeling the pinch;
Seems daunting if your having money troubles but it will help in the long run.
£1800 is a basic monthly for us.
Two of us, no kids, no pets, 4 bedroom house, one '04 vaxhall Astra 1.7CDTI, 13 and 20 mile commutes.
Fixed about £1300 on:
Professional Fees
Council Tax
TV Licence
Mortgage + cover
Home Insurance
Mobiles
Lovefilm
Monitored Alarm
Gas/Elec
Phone/Broadband
Plus We take monthly fuel, transport and food shopping from a £600 a month budget.
£100 a month goes into a car fund, which gets used to pay servicing/repairs/MOT/insurance/VED and a surplus for the next car we need to buy.
£400 a month goes into a 'wants' account which gets used for anything we don't need to buy right now. From a meal out, to decorating, to holidays.
£350 a month to an emergency fund, which is almost at its target, at which point it will switch to overpaying the mortgage.
We both keep £500 each pocket money to spend on whatever we want.
We've been doing our own version of the 50/30/20 budget for the last couple of years. It really works for us, really lets you see where you stand, without having to watch every penny/transaction.
http://money.msn.com/how-to-budget/how-much-should-you-spend-on-weston.aspx
somewhere between £2500 and £3000 depending on what you classify as a fixed cost
About £2300 inc. mortgage and all utilities, phones etc. Another £500/month for the cars, and we set a rough budget of around £1500 a month for living, food, petrol blah blah sometimes go over, sometimes can be way under. The rest goes into savings or for holidays/whatever. We could reign it in a lot if we needed to, but thankfully we both do OK wage wise and have (relatively)secure jobs.
Averaged over the last 13 years, our total outgoings has exactly equalled our total income :)/:(
I really have no idea.
Just working this out. I reckon about £1200 a month including £320 a month childcare but no mortgage. Shamefully I never work it out to the last few pounds since we're financially in a good place at the moment. Just check the money left over at the end of the month. Which is the important number if you are lucky enough to have it.
