If you are paying £1,500 a month for 25 years, that's £450k......
Yes and then you have to minus interest, unless you know where I can get one of these 0% Mortgages!
If you are paying £1,500 a month for 25 years, that's £450k......
Which bit of that do you want to lose?
The income tax?
The council tax?
The food?
Even if you halve that figure.
£750 mortgage
£200 shopping/groceries
£250 fuel
£100 utilities
£100 council tax
£100 car servicing and insurance
£50 sky
£35 mobile phone
£100 holiday money
£100 savings
Leaves you £400 per month spare to cover every other cost, to entertain yourself, to buy household things/consumer goods/clothes. That's assuming you want to live without kids too![]()
This sounds about correct to me, i can't see why Fox is having an issue with fuel costs or holiday money, i can easily spend 1200 on a weeks holiday, nevermind two weeks in America...
[TW]Fox;11566856 said:But if a car is more important to you, and is a hobby, then its easier to justify more money on it. Many people spend £2-4k a year on holidays. If cars are a big thing for you, thats extra money for cars..
That made me think, we have spent just over £7000 on holidays this year![]()
A weekend away in NY just for me and wife totalled near on £3k!
For me, I don't have a house to look after, I have a small rent to pay, I am single (through choice...cause I am selfishly after a new car!), I am unlikely to spend money on a huge holiday. On my salary this allows me to save a considerable % towards a new toy and also a house deposit.
Hence why I can justify spending £10-13k on my next car outright. £40k, I would have thought you would need a sustainable job which covers all your basic assets and usually this includes supporting a family.... so they must have a large salary to be able to do this?
Thats just crazy money!
two weeks in france in a gite with ferries, petrol and living costs only came to around £750 last year!
Depends what you look for from a holiday, My parents usually like to book a place in france for two weeks most years, its a chance for me and the current GF + Sister and BF to come out and chill out, last time we did this it cost my parents 2.5k just for the villa rental.
I could goto france and stay for two weeks in a field for 50p but it wouldn't have been half as nice as the above.
2.5k for the villa! Thats absolutely crazy! Theres no way that 2.5K on a villa for two weeks can be worth the difference over £300/week staying in an 3 bedroom cottage in the middle of the countryside.
If I had that sort of disposable income I certainly wouldn't waste it like that!
It would be impossible to say. I know people earning over 100k who drive in Fiat puntos and other people who earn 40k driving 20k cars.
Its all down to personal circumstance.
Quite easy though isnt it. A weekend away in NY just for me and wife totalled near on £3k!
[TW]Fox;11568808 said:You and the wife... all Munchers figures are based on the curiously unlikely scenario of being a loner![]()
[TW]Fox;11568836 said:Becuase you'd have done exactly the same things at exactly half the price had you been all on your own?
A holiday on your own is not half the price of one with 2 people - it's a lot more than that as most hotels are not appreciably cheaper becuase you pay per room not person.