What percentage of your monthly salary is pocket-money

gards2

gards2

Striker
i.e. you've paid all your utilities/mortgage etc food shopping accounted for until the next salary payment.

Mine was about 60% remaining

This doesn't include cigs and alcohol or take-away food, clothes etc etc because that comes out of your expendable income/pocket-money. I guess i'm talking about 'living exspenses'
 


gards2 said:
i.e. you've paid all your utilities/mortgage etc food shopping accounted for until the next salary payment.

Mine was about 60% remaining

This doesn't include cigs and alcohol or take-away food, clothes etc etc because that comes out of your expendable income/pocket-money. I guess i'm talking about 'living exspenses'
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Are holidays pocket money expenses?
 
Harry Angstrom said:
Not a pointless metric for life. Mr Micawber was well aware of this.
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I’ve read what ratio you should save, spend etc. But in the context of this thread it’s pointless unless you state your salary or your cash value for monthly expendable income.

I know what mine is for budgeting purposes because I know how much I earn.
 
"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." It's a pretty straightforward lesson: Spend more money than you've got, and you're headed for trouble.
 
gards2 said:
i.e. you've paid all your utilities/mortgage etc food shopping accounted for until the next salary payment.

Mine was about 60% remaining

This doesn't include cigs and alcohol or take-away food, clothes etc etc because that comes out of your expendable income/pocket-money. I guess i'm talking about 'living exspenses'
Click to expand...

198%
 
Kevj said:
I’ve read what ratio you should save, spend etc. But in the context of this thread it’s pointless unless you state your salary or your cash value for monthly expendable income.

I know what mine is for budgeting purposes because I know how much I earn.
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I still think it's a decent metric no matter how much you earn. Having your needs met but still having a decent wedge to play with is the key to a stress free life. Having to earn a fortune but committing the majority to monthly expenditure is not for me.
 
Bills and food used to be about 60% and then 25% I'd put into savings and the rest as day to day expenses. Holidays and bigger purchases would come out of savings.

Since the COL crisis, Bills have gone to about 70% and I've adjusted everything else accordingly. Finding that if I have a big weekends or a couple family meals and my pocket money is running out well before pay day these days.
 
Harry Angstrom said:
I still think it's a decent metric no matter how much you earn. Having your needs met but still having a decent wedge to play with is the key to a stress free life. Having to earn a fortune but committing the majority to monthly expenditure is not for me.
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I think you’ve missed my point. I’m not disagreeing with you. Simply stating a percentage in this thread means nothing.
It does mean something to you personally when arranging your finances.
 
Kevj said:
I think you’ve missed my point. I’m not disagreeing with you. Simply stating a percentage in this thread means nothing.
It does mean something to you personally when arranging your finances.
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How does it mean nothing?
Jabberwocky said:
Bills and food used to be about 60% and then 25% I'd put into savings and the rest as day to day expenses. Holidays and bigger purchases would come out of savings.

Since the COL crisis, Bills have gone to about 70% and I've adjusted everything else accordingly. Finding that if I have a big weekends or a couple family meals and my pocket money is running out well before pay day these days.
Click to expand...
that's a grim adjustment but still probably better than many.
 
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