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My disposable income goes on cars, bikes and art and treating my wife. Were 24 and 33 no kids yet both employed. I expect this list to change dramatically if we have children.
Food. 😯
That's it. 2 kids one earner. 1 big direct debit deals with everything in the house, the rest covers food and persil.
No holidays, try to wheel and deal for bike stuff.
Err.. Mortgage is on the wrong side of £1k per month, and have daughters aged 4+7.
There isn't generally much left at the end of each month, especially after childcare is taken into account.
I don't know, my wife takes care of this for me.
Basically the kids at the moment. Poor planning costs us a fortune in buying crap whenever we go into a supermarket/the village shop/bakery/butchers etc.
£210/month on electricity my wife admitted recently when a £1,800 bill showed up.
I must've been drunk when she conned me into buying an electric Aga.
Next time I will just fry eggs on the bonnet of a V8 petrol Discovery idling in the garden - would make more financial sense
oh, wow. An electric aga strikes me as the worst idea ever.
Childcare (it ain't cheap darn sarf), going out and what seems like an eternal continuum of just buying [i]stuff[/i]; for the kitchen, for the tool room, for the garden, for playing with, for whatever else really. No matter what we earn it all (and more) seems to disappear.
3 small children, vets bills, Diy projects on the house, bike parts, the occasional bottle of rum.
I work 4 days a week (28 hrs) so value my time more than working for more money to buy more crap.
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House is mine outright. Married, both earning. No kids.
So I spend money on:
Renovations
Holidays (Spain, Germany, Baltic Cruise, NYC and Ecuador this year)
Bikes
Cameras
Guitars
My car
Nice food and drink
Save up too.
Gigs, music, coats. I see a bargain coat on SportPursuit I have to buy it!
High heels,backpacks,cheese and Bee keeping equipment.
1/3 goes into savings for a house. 1/3 into a joint account for food, rent, bills etc. 1/3 on fuel for the car, occasional toys and trips away. Me and gf quite fortunate to have decently paid jobs, but I cannot imagine how anyone can afford to have kids!
oh, wow. An electric aga strikes me as the worst idea ever.
You'd be right
but I cannot imagine how anyone can afford to have kids!
equally right
I cannot imagine how anyone can afford to have kids!
Well, not going on expensive holidays, not having a posh car, stuff like that helps. Plus kids don't have to be that expensive if you don't want them to be - don't buy fancy pushchairs, prams etc. Stuff like that.
We do okay on one income - and making unusual bicycles isn't the best-paid job in the world 😉
No mortgage (generation X), but my single biggest monthly expense is Coaching fees (4 x £40 each week) which is actually more than my mortgage was. Other than that, don't spend much really, net saver.
3 kids, though all boys so the hand me down chain works well 🙂
I put ~2/3 of my salary in the joint account for mortgage, bills etc. Of the remaining 1/3 - savings (mine and the kids ISAs), occasional bike bits, occasional clothes & regular beer 🙂
mortgage, bills, food - the biggest expense other than the usual is nursery fees for 2 girls, we're a one car family which really makes a difference - I bike commute and live very cheaply but it's all the children costs that aren't easily quantifiable (shoes, engaging activities) that empty the joint each month..
At the moment rent and a really bad work expenses system means I don't seem to have much disposable.
I am putting £350 a month into a nice motor though.
Anything left goes on clothes, holidays and saving into the house deposit pot.
+1 for married couple in good jobs and no idea how people afford kids!!
life.
then surfboards, i am an utter board hoarder, i buy used and i buy what interests me, importantly i surf them. latest three acquisitions since xmas have been an 80's hot stuff 'rabbit' model that i still need to collect from southw ales (great excuse to go ride afan i think), the dream used utter bargain price find of a 90's skip frye magic model (the guy selling did not know what it was) and after 10 years of searching a genuine mark richards shaped twin fin. those that know will know what i'm talking about.
1/3 of pay goes into joint acc for bills
1/3 towards paying of car loan/debts
rest goes towards holidays, bike bits, nice meals out, random days out.
nothing for saving atm 🙁
Mortgage, savings, bills and diesel. 🙁
Food and drink.
Bikes and running stuff.
Mortgage.
Holidays.
That 4 about covers it. Just me and the wife, both with reasonable jobs and a small mortgage. We like good food, both cooking it and eating out, we have expensive tastes in wine and Port and both spend lots on our hobbies (hers is running, mine is bikes). Holidays are important as we both work hard so we stay in nice hotels and go to interesting places.
Also, I know this lifestyle won't last, we both want to be working less by the time she's 40, at this point income will drop so we're enjoying ourselves while we can. Not having kids, and not wanting any, is a huge help to this
this is the spend that gets converted into childcare 🙂 You are right in saying that kids aren't cheap but you don't have to lash out the massive amounts that some people dooccasional toys and trips away
How about good causes like the SHeffield Childrens Hospital?
https://www.justgiving.com/Robert-jackson20/
anagallis_arvensis - Member
No idea where it all goes tbh.
Yeah same here.
Coffee. Love the stuff.
I may also spend a fair bit on shooting. It gets expensive though, so I don't go as much as I used to.
Don't really have much left over from day to day costs, monthly net income is less than £900 a month. I go out for a couple of ales 1-2 times a week, climbing once a week, gym membership and consumables to keep the steed on the trails.
Oh forgot, just bought myself a new watch, bit of an extravagance, £45 all in off ebay.
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I'm content with life and what i've got.
Mortgage, bikes and trips away mainly.
No kids, and I don’t spend a huge amount on clothes (basically just replacing stuff when it gets too scruffy). Fairly low motoring costs (car was bought with cash and we commute to work by bike so it only gets used at weekends – and therefore most of our petrol spend falls into the trips away category). But we do seem to go away most weekends – I think we’ve only been at home 4 weekends so far this year (and are away this weekend too). Not all of this is particularly expensive stuff – some of it is staying with relatives so just the petrol cost to get there – but it does tend to mean at least one meal out, a fair amount spent on hotels etc.
Food shopping seems to take up disproportionate amounts – maybe partly because I tend to shop at the small shop within walking distance rather than buying in bulk from the supermarket (mainly because I’d have to drive there).
I don’t keep track of it particularly well, but don’t have particularly expensive tastes so tend to have money left over at the end of the month. Some of that goes into savings and some of it goes to the nearest bike shop (my bike buying habit seems to have slowed down, but is being replaced by a bike maintenance/improvement habit – I currently have a list of 5 bikes that I want to make some upgrades/repairs to…)
I spend a lot on crap I surmise.
I actually make it so I move all my money out of my account and have £100 a week to live on each month, neither a massive or tiny sum but generally enough each week.
Car, only cost £3k originally, so just pay upkeep and fuel on it.
Commute by bike, so occasional parts and clothing for that.
My wife did also commute by bike but today is her last day before a period of being 'between jobs' as she's having a bit of a career mid-life crisis, luckily for her we can still afford to live on my income.
I have usual bills and mortgage stuff, plus I'm overpaying on the mortgage too.
But beyond that, beer, eating out, gigs, CD's, DVD's, beer did I mention beer.
My problem is all the stuff I out on my credit card through the month and forget about till payment time, such as the other day, "oh, I just need this CD and that one, and while I'm there I might just order another box of beer from Brewdog" ....
You can't take it with you, so I'm mostly up for spending it!
Use to be motorbikes, but now I've only got the one, which costs peanuts to run and I own outright. Bought myself a VW van though, so I can see where all my future money is going! 😕
As for the MTB, it's pretty much done! I'm happy with it, so no need to spend much on it now, same for the single speed and the commuter.
The mrs has been getting on my case about a new kitchen and bathroom, so I guess I'll have to spend less on me, and put more in savings. 🙁
EDIT: forgot, computer games, at least one a month, so £50 to 100 there! But for the hours of entertainment I get, it's much cheaper than going to the pub!
Bikes
Holidays
Restaurants/nice food.
Booze
'interesting things' (F1 Exhaust, curta calc etc)
Biltong.
And, of course, hookers and blow.
mind you i dont speng my money on booze anymore, well over 400quid saved since new year. happy days that!
Like many others I have no idea. But you can't take it with you, you can always earn more etc. I have a couple of expensive hobbies (cycling being one), we eat out/takeaways reasonably regularly.
I'm probably too lax frankly, but it's not been a complete disaster yet...
In fact right now I do know, wedding. But I can't blame that for my lack of savings over the past decade.
My wife doesn't seem to worry about where money goes as I pay all the bills, etc. I've now decided that no amount of explaining the cost of things will make any difference so I have said we're paying half each of everything now so she can feel the pain of it coming out of her hard earned money.
last 3 years i've been pumping as much as poss into mortgage overpayments, stocks ISAs and pension. aiming to quit work at about 40 if humanly possible
Apart from the usual living expenses mortgage etc, it's all about bikes and entry fees for races.
My wife did also commute by bike but today is her last day before a period
Hang in there. Her mood can only improve.
in descending order:-
mortgage & house bills
nursery costs
holidays (lots of holidays)
Boat costs
Car costs
general life stuff
bike costs
Rent
Food
Car related cost
Safety razors ... recently. 😛
House
House
House
House
House
House
House
House
Repayments on an eye watering number of 0% credit cards to fund house.
Diesel.
Not complaining at all, but hell my life is different from a year ago. Still, I only ever wasted it on booze, women, shiny things, bikes, quality sausages etc.
*sobs*
Flying .....a vintage aircraft 60- 80 hours a year
Campervan
Motorbike
Bike
Oh...... and a shed load into AVCs
Get a rally car. You'll never complain bikes are "too expensive" ever again....... 😉
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Your spoiler's on the piss 😉
Is that a Maestro....?