I would say you want at least £50 a week to live on, plus leaving £200-400 aside for 'emergencies' during the year - although obviously the more money you have the better as you'll be less likely to make financial mistakes
How much would you say is enough to live off a week? Watch
- 15-08-2016 11:16
- 15-08-2016 11:25
Leaves me with
5461.8 divided by 38
143.73 a week
-35 for food and drinks and toiletries (not alcohol)
-7 for phone contract
-20 a week for travel
£81.73 a week
I also have 4.5k in savings
- Community Assistant
- 20-08-2016 16:10
After Rent and Bills you can make an allowance of something like (per month)..
£100 - Food and Toiletries
£100 - Travel (some of you may not actually need this though mine is actually £120)
£100 - General spending (night out, cinema ect..)
Your toiletries budget can be done in one big shop and at £20 most of it will be taken by washing powder, decent hair gel and decent deodorant. I also buy a months worth of cereal and tuna to take care of most of my breakfast and lunches for the month. That still leaves about £17 per week for food though.
I'd try save anything above that. My own savings threshold (i'm in work having graduated uni), is £800. Anything above that will go into savings.