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Incomings vs Outgoings

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AWG
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2011/03/29 13:04:21 (permalink)
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Incomings vs Outgoings

I graduate this summer but have no desire to move back home full time, so am in the process of pricing up how much it will cost me to still live in Nottingham
 
based on my (admittedly rough) calculations I will be earning about £1,000 a month with £600 in outgoings (rent, bills, council tax, gym fees, food) doesn't sound to bad IMO
 
what are your incomings vs outgoings like
 
#1

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    DGee
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    Re:Incomings vs Outgoings 2011/03/29 13:09:48 (permalink)
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    i think most peoples outgoings will be more than 60% of their income.  I'd be extremely happy if i could save 40% of my monthly income!
    #2
    shane278
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    Re:Incomings vs Outgoings 2011/03/29 13:12:46 (permalink)
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    Allow for impulse buys and emergencies too.
    #3
    theITman
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    Re:Incomings vs Outgoings 2011/03/29 13:14:44 (permalink)
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    Right now my outgoings are 40% however ill be debt free in the next couple months which will mean only 10% of my wages will be outgoing. Plus i get a 20% wage rise next month.
     
    Howver me and the GF will be getting our own place in the next few months which will bump it back up to around 40% again.
     
    I hate money!
    #4
    DC77
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    Re:Incomings vs Outgoings 2011/03/29 13:15:08 (permalink)
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    My outgoings are about 110% of my income!
    #5
    AWG
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    Re:Incomings vs Outgoings 2011/03/29 13:15:16 (permalink)
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    shane278

    Allow for impulse buys and emergencies too.

    thats what the remaining money is for, disposable income
     
    maybe save £100 a month but mostly for nights out and clothes
    #6
    dempsey
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    Re:Incomings vs Outgoings 2011/03/29 13:30:26 (permalink)
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    How did you come up with £600 outgoings? It seems pretty low.
    #7
    BBC
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    Re:Incomings vs Outgoings 2011/03/29 13:31:37 (permalink)
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    What sort of figures have you put down for you bills etc mate as £600 sounds very cheap. You included phone, broadband, sky etc? Might be best to break it down into seperate figures.
    #8
    AWG
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    Re:Incomings vs Outgoings 2011/03/29 13:34:11 (permalink)
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    dempsey

    How did you come up with £600 outgoings? It seems pretty low.

    House share, not got a car because it's city center
    BBC

    What sort of figures have you put down for you bills etc mate as £600 sounds very cheap. You included phone, broadband, sky etc? Might be best to break it down into seperate figures.

    yes
     
    Bills will be about £40 a month, as they have been throughout my time at Uni, will be sharing with 4 other people
    #9
    irdan
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    Re:Incomings vs Outgoings 2011/03/29 13:39:17 (permalink)
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    If sharing will be nice and cheap mate.
     
    No offence by this question mate so please don't be but what sort of graduate job only pays that much? I'm currently considering uni next Sept (2012) with those new fees but for that sort of salary doesn't seem worthwhile..althought I want to do teaching.
    #10
    AWG
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    Re:Incomings vs Outgoings 2011/03/29 13:43:15 (permalink)
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    irdan

    If sharing will be nice and cheap mate.

    No offence by this question mate so please don't be but what sort of graduate job only pays that much? I'm currently considering uni next Sept (2012) with those new fees but for that sort of salary doesn't seem worthwhile..althought I want to do teaching.

    It's not a graduate job, I have no real intention of getting a graduate job TBH, I'm just waiting untill Police vacancies come up.
     
    teachers starting salery is £20,000 newly qualified I believe, and if you want to be a teacher you have to go to Uni so might aswel do it
    #11
    BBC
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    Re:Incomings vs Outgoings 2011/03/29 13:48:37 (permalink)
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    AWG
    yes

    Bills will be about £40 a month, as they have been throughout my time at Uni, will be sharing with 4 other people


    Ah right, didn't realise you were house sharing!
    #12
    EnfantTerrible
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    Re:Incomings vs Outgoings 2011/03/29 13:49:38 (permalink)
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    http://listentotaxman.com/
     
    Works out tax etc so you can get a better idea of what you'll earn based on salary. Just enter the salary and viola!
    #13
    rockstar6181
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    Re:Incomings vs Outgoings 2011/03/29 13:50:34 (permalink)
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    Outgoings approx £1500 - income £2100 - that's with my gf though, both working. No debts etc
    #14
    CitizenKane
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    Re:Incomings vs Outgoings 2011/03/29 14:11:40 (permalink)
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    AWG

    irdan

    If sharing will be nice and cheap mate.

    No offence by this question mate so please don't be but what sort of graduate job only pays that much? I'm currently considering uni next Sept (2012) with those new fees but for that sort of salary doesn't seem worthwhile..althought I want to do teaching.

    It's not a graduate job, I have no real intention of getting a graduate job TBH, I'm just waiting untill Police vacancies come up.

    teachers starting salery is £20,000 newly qualified I believe, and if you want to be a teacher you have to go to Uni so might aswel do it

     
    Also, the going rate for a graduate job in law, if you're talking about a training contract with a firm, would generally be not that much more than that anyway, maybe a few hundred pounds. Sure people would do it for free almost, training contracts are like gold dust at the moment!

    "Be adequate"
     
    #15
    Hoppy1975
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    Re:Incomings vs Outgoings 2011/03/29 14:16:46 (permalink)
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    My outgoings are £1800 per month....this includes all bills, food, petrol running two cars........Clothes, luxuries and other none essentials are not included in that total so some months can be considerably more.
    #16
    Red Bull
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    Re:Incomings vs Outgoings 2011/03/29 15:03:23 (permalink)
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    Between me and the missus
    4-5k in per month
    3k on bills mortgage, food etc
    1-2k wasted per month on sh!te

    Festar: You can't plead poverty with 2 cars. That's like a little Kenyan chap pleading poverty with 2 packets of uncle bens rice hidden under his bed.
    #17
    john_cappa
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    Re:Incomings vs Outgoings 2011/03/29 15:05:14 (permalink)
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    Red Bull

    Between me and the missus
    4-5k in per month
    3k on bills mortgage, food etc
    1-2k wasted per month on coke

    Fixed
    #18
    Red Bull
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    Re:Incomings vs Outgoings 2011/03/29 15:07:20 (permalink)
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    Don't forget drink and gambling if we want to be specific :-(

    Festar: You can't plead poverty with 2 cars. That's like a little Kenyan chap pleading poverty with 2 packets of uncle bens rice hidden under his bed.
    #19
    Tony Barnes
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    Re:Incomings vs Outgoings 2011/03/29 15:12:46 (permalink)
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    Is the £1k before or after tax?
     
    RB - fancy just donating some $ this way instead of up yet nose...??
    #20
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