Financial priorities – where does your income go?
Further to the thread on income I wonder what people choose to spend their money on.
I don’t travel as much as I perhaps should but want to change that, my smallish car (Puma) is worth £2k to £3k. Most my money went on my house – needed to spend quite a bit as wanted to be close to the Surrey Hills. I don’t yet have kids.Posted 9 years ago
I was more interested in what you choose to spend your money on – so if you enjoy food then you may spend more on that than you need to. I am more interested in living in an area that appeals to me, in a house that is better than I need, than have a desirable car. I see lots of nicer cars than mine in council estates!Posted 9 years agoGary_MMember
spend around £1600 on mortgage, school fees, etc and my sister and I pay my mums mortgage too. But that £1500 is between my wife and I who earns roughly the same as me. Save a bit and spend the rest on holidays, fun and no.1 son. New kitchen to be paid for tomorrow then we’re redoing the bathrooms.
Oh and my Rapha habit costs a bit 😉Posted 9 years agoBoardinBobSubscriber
Combining my salary and the wife’s
25% goes on the mortgage
5% on council tax
8% on a bank loan
10%-ish on direct debits for mobiles, broadband, gym membership, Sky TV and TV licence
Leaves us with about 50% of our take home salary for personal expenditure, food and savings.Posted 9 years agomysterymurdochMember
At the minute I only spend £600 a month on essentials (and I eat like a king; it’s all about being smart, buying fresh and not being a snob-check the ingredients of smart price vs branded… smart price is usually healthier. Make large meals so left-overs do lunch the next day etc etc), leaving a healthy chunk for fun and saving. Once the new house purchase completes I’ll be spending more like £900 on essentials.
My spare cash goes on petrol for hobbies, kit for hobbies, savings and eating out (about £100/month on eating out).Posted 9 years agothisisnotaspoonMember
£500 to the c**t landlord, for a room in the s***hole that is Reading
£80 “shopping” (clothes etc)
£150 beer/taxi/food etc
£500 saving (supposedly, often ends in the above two categories)
£100 travel (bus tickets, train fares etc)
Waiting to see if i get sent on assignment some time soon, massive pay rise and little expences (appart from being paid in pounds which are worth sweet FA at the moment).Posted 9 years agogavtheoldskaterMember
I wonder what people choose to spend their money on.
saving the ass of all those f”ckers who borrowed more than they could ever afford, and the asses of all those f@ckers who lent them the cash in the first place, it would seem by the way interest rates have been destroyed.
of course i don’t have a choice in that outlay!Posted 9 years agojojoA1Member
Most of my income goes on bike kit and bike related activity (travelling to races/rides etc). Each one of my bikes is worth more than both vehicles of the household put together.
My kids are still reasonably cheap to run and I view day to day food as simply fuel so I don’t spend much on that although I do like to splurge on nice/expensive food now and again. I also have a clothes and shoes habit that I’m trying to curtail.Posted 9 years agoBigDummySubscriber
After putting aside 15% pension, having a place to live (with heat, light and hot water), food on the table, bicycles, rail fares and clothing I have a bit spare.
I guess I cut corners on cars (ain’t got one), electricals, entertainment (Freeview and radio mostly), holidays (UK camping) and casual clothing.
I spend a lot on the house, and pretty much what I feel like on:
Food and drinkPosted 9 years ago
Own a small 2 bed end of terrace in a lovely area, is ample for our needs, don’t have children rarely have anyone to stay! It has a garage for the 5 push bikes and 2 motor bikes! mortgage is well within our means, rest goes on MTB/motor bike bits! But to be honest most of my fun money goes towards holidays, have 2 a year. Normally winter snowboarding and summer downhilling in Morzine!!
Other friends whinge at us that we have so much money but neither me nor other half spend much on clothes, magazines or general crap we just aren’t those sorts of people!!Posted 9 years agojohnhooMember
#1 – roof over your head. Pay the rent/mortgage before you pay anything elsePosted 9 years ago
#2 – food. You have to eat
#3 – heating. Life is pretty miserable when you can’t afford to keep warm
#4 – getting to work. If you can’t afford to get to work, then you’re up the creek.
#5 – everything else
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