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Work and savings: what's left after paying all of the commitments? Watch

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    Insurance, variety of bills e.g. electrical; gas; internet; water; etc., food, rent, loans, etc.

    :pinch:

    How much % left after all of these payments for you guys?
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    Am still interested with the topic.
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    How long is a piece of string?

    A decent (London) mid 20s graduate salary would be around £40k, which is £2,100/month after tax/pension/student loans. Rent would be around £600-700 if you have a room in a shared flat somewhere decent (£1200+ if you live in 1 bed on your own), and maybe £100-150 for bills on top of that.

    Food, well how much do you want to spend? Are you cooking your meals at home, or buying lunch at a cafe every day? How often are you eating out? etc. Its going to be anywhere from £10-20/day depending on what youre doing. Travel will be around £100/month (in London) too. Entertainment depends on how often you go to pubs/bars, maybe £100/week for a typical person that isnt a baller or hermit? Then maybe another £100/month for all the small life essentials that add up (haircuts, clothes, razors, etc).

    I doubt many people are saving much money in London these days unless they are earning north of £40-50k, or still living a student lifestyle.
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    (Original post by poohat)
    How long is a piece of string?

    Food, well how much do you want to spend? Are you cooking your meals at home, or buying lunch at a cafe every day? How often are you eating out? etc. .
    I didn't create this thread for you to post questions/replies like these; I made it for people to answer from their own experience. Good grief.
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    (Original post by kka25)
    I didn't create this thread for you to post questions/replies like these; I made it for people to answer from their own experience. Good grief.
    I've just done some quick calculations and my net income is about 65% of my total wage, which is quite high I guess. It was actually about 90% not so long ago, but I've since had to make some commitments!

    I do realise, though, that I'm in the very fortunate (at least in this context ) position to still be living with my parents ... though my monthly car insurance is ridiculously expensive (almost the price of renting a small-flat).

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    (Original post by Burridge)
    I've just done some quick calculations and my net income is about 65% of my total wage, which is quite high I guess. It was actually about 90% not so long ago, but I've since had to make some commitments!

    I do realise, though, that I'm in the very fortunate (at least in this context ) position to still be living with my parents ... though my monthly car insurance is ridiculously expensive (almost the price to rent a small-flat).

    Thank you for the reply

    Actually, that's one of the reasons I'm hesitant to buy a car; I know it's going to pinch me really! I bet you're the frugal type?
 
 
 
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