What is a good salary in UK at present?

413x said:
My bills are 1k a month.
This includes food
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Our mortgage is more than that and we're still on 1.48% interest for two more years. Is that just your half?

We both put £1250 into joint account per month. This is more than enough to cover all the bills, few takeaways and random small spending. Every now and again we need to top it up but only when we make larger purchase using joint account.
 
Richie said:
When you say "yours" - do you mean your split or 1K total between you and partner?
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1k is my contribution.
1.9k is combined.

Covers mortgage (900)
Council tax, electricity, water, petrol, car insurance, car maintaining, home insurance, tv, music, land line, food.


It doesn't cover big emergencies like had to put in extra for big car bill.
Doesn't cover holidays.
 
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bayo000 said:
Our mortgage is more than that and we're still on 1.48% interest for two more years. Is that just your half?

We both put £1250 into joint account per month. This is more than enough to cover all the bills, few takeaways and random small spending. Every now and again we need to top it up but only when we make larger purchase using joint account.
Click to expand...

Similar here.
Anything extraordinary needs to be paid for as a top up. But in a standard month everything is covered.
Not much left over though. Feel may need to put in 50-100 extra in new year as energy fix ends in September, Internet will go up. Basically as existing cheap contracts start being hit by inflation.


I have about 2300 left over a month for savings, holidays, clothes etc.
So I suppose bills/food use up about 1/3 of my salary
 
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Tracking monthly direct debits and bills sound like work. I think it would just add stress. I take a more simplistic approach. Money comes in and money goes out. I have DDs come out randomly through the month. The only one I've set to be at a time just after being paid is the mortgage. I do have a spreadsheet for the mortgage to help plan a bit and for when I want reminding that yes, I am in fact burdened with a huge AF debt. We've already cut back what we realistically can or care to cut back. Hyper analysing bills would I think genuinely lead to way more stress that it's worth. I know a couple close to me that divorced over spending spreadsheets! :(
 
Actually I've no idea what my bills are a month, I should work it out!

Split between me and the wife we have:

€1080 Rent
€14 Netflix
€20 Internet
€40 Gym
€500 give or take on food and going out for the occasional meal
No car and work pays for my yearly public transport card, she has to pay for hers which is €365 a year.

I'm not entirely sure what we pay for energy/heating/hot water right now because the account is in the wife's name, but probably €300 every 2 months or something, the billing cycles here are weird.

Whenever I've had a pay rise I've tried to keep OpEx the same and only spend on extra CaPex so I don't inadvertently absorb the pay increase too much.

We both have mobile phone contracts, mine's cheaper than hers as it's SIM only so about €15 for me maybe €25 or 30 for her, and our life insurance policies are both fairly cheap.

TV licence here comes out of your tax as of January 2024, and there is no council tax.

So probably a bit less than €2000 Euros for a couple in a capital city that has a fairly high cost of living, that isn't too bad.
I try and save about 1500-2k a month if I can, and she saves about 500 a month or thereabouts.

We also have a 14 salary payment system, so you get effectively double pay in May and November, which I pretend doesn't exist and put directly in savings untouched.
 
413x said:
Similar here.
Anything extraordinary needs to be paid for as a top up. But in a standard month everything is covered.
Not much left over though. Feel may need to put in 50-100 extra in new year as energy fix ends in September, Internet will go up. Basically as existing cheap contracts start being hit by inflation.


I have about 2300 left over a month for savings, holidays, clothes etc.
So I suppose bills/food use up about 1/3 of my salary
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Man I wish I had that much left over every month! :D

That said that's how much I put into my pension every month - so swings and roundabouts.
 
413x said:
Similar here.
Anything extraordinary needs to be paid for as a top up. But in a standard month everything is covered.
Not much left over though. Feel may need to put in 50-100 extra in new year as energy fix ends in September, Internet will go up. Basically as existing cheap contracts start being hit by inflation.


I have about 2300 left over a month for savings, holidays, clothes etc.
So I suppose bills/food use up about 1/3 of my salary
Click to expand...
Not much left over, other than the 2300 a month left over which is (a good bit) more than my entire take home wage was 5 years ago!
 
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Even before I get my wages into the bank, I put extra to my pension and buy shares under three different share plans.

Montly Outgoings...
Overpaying on my mortage, I managed to get one for 4.01% APR in the middle of all the madness.
Stocks and Shares ISA, DD to my mess about shares account, Savings
Council tax and a property services (don't ask).
Bank Services
Electric (only) bill
Contact Lens sub
Telephone and Broadband
Mobile Phone x2 (I pay my mum's)
Loan taken out on two watches
Car fuel is around £40 per month, I work from home mainly, take public transport or cycle
Gym membership and Yoga class
and Food... I have a crazy scheme where I buy gift cards to get points and use those points for amazon gift cards..

Quaterly, Just my water bill

Yearly out goings are;
House insurance and leasehold changes
Car Insurance, mot, service, repairs..
TV License

I give myself £100 every two weeks as pocket money in to a current account, mainly for fast food, petty cash kinda purchases where stores what actual paper money, everything gets paid on my credit card for cash back and I pay if off every month. Large/one off items get purchased on my interest free credit card and I chip away at it.

In general my main bank account is near zero at the end of each pay month.. as everything gets moved to my different saving account.. my current account always have "some" cash in it and is often used to chip away at my interest free card.

I do have some expensive hobbies like watches and vaping but I'm more than happy with my cash flow...
 
200sols said:
:cry:
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I mean not much left over in the joint account after all bills have gone out.

I'd never say 2300 isn't much!

The joint account gets down to 200 before pay in some months.

5 years ago I was on upper 20s so it's not like I don't know/appreciate what is average/typical. I know we have a decent setup.

Our Joint take home is 80-90k. Which is great. But many people are way over this. Obviously it's over average. But not by loads. We just have carved out a life where we don't need more.
 
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Part of this is a choice.
We don't have finance cars (1 Peugeot 207)
Our mortgage is modest (ie we don't want a fancy house)
We don't go out for fancy meals.

Its only really holidays that blow out on vs average.

Our house is slap bang average.
Every other spend is below average except holidays.
 
413x said:
Part of this is a choice.
We don't have finance cars (1 Peugeot 207)
Our mortgage is modest (ie we don't want a fancy house)
We don't go out for fancy meals.

Its only really holidays that blow out on vs average.

Our house is slap bang average.
Every other spend is below average except holidays.
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Sounds like you guys are being a bit more frugal than you maybe need to be?
Maybe take ya wife out for a slap up dinner sometime, buy yourself a fancy merc and get a bigger house, ya bloody cheapo!
Only jesting.
 
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