I'm curious as to what people spend on a monthly basis. How much in bills, how much for groceries, how much 'fun' money.. and then how much do you manage to save/invest after this? (%)
Do you think your expenditure change much if/when you plan to FI/RE and how so?
I'll get the ball rolling...
Family of 3, total monthly expenditure usually Β£2200 which includes Β£300 groceries, and Β£200 'fun' money. Rest is on bills.
Save rate can be anywhere between 0-70% depending on work (I'm perm but partner contracts, and we save everything they earn).
Expect save rate to decrease slightly in the near future as we both drop down to part time hours due to work stress. Gotta live without killing ourselves!
But if you miss a penny in tax , straight to jail!
Replaced my key fob battery. $3.98 weβll spent. Original lasted 2 years, 2 months.
Why YSK: many companies have a yearly increase for whatever reason they come up with and this price is negotiable. Many of them donβt let you know itβs happened and many of those will lower it in seconds if you call them out on it.
I just got off the phone with my garbage service and they dropped my bill by $8 within 30 seconds when I got to the billing department. They had it all ready to go and said the reason they donβt give you that price is because βitβs only a call in promotion and not a regular saleβ. This was only after I realized my bill was up $5 for the last couple months with no notice to me other than my invoice being higher.
They know itβs dirty and they donβt care. Just remember that it isnβt the fault of the customer service rep. Just play nice and tell them that you donβt agree with whatβs happening, tell them you want your bill lowered or youβll go somewhere else, and then wish them a good day. Theyβve got to deal with a lot of nasty people and they appreciate a decent one as often as they can get it
Hi, i would like to know about managing my expenses beforehand because GBP is pretty costly in INR (almost 100 INR/GBP). I'd like to know about accomodation rent (i am okay with sharing accommodation) , travelling expense and grocery, and anything else that might add up to the expenses. I have heard it could go upto 1000GBP a month which i guess is pretty costly but i have little idea about it. I am ready to work part time and earn as well. Any Indian students or others who are residing and studying in London, please help me out with the most realistic approximation.
Edit: Thank you all for the detailed and most realistic advises.
Hi r/UKPersonalFinance, using a throwaway as not to link our identities with the information we are about to give in regards to our financial situation. This post is likely going to be a long one (obligatory apologies for formatting as we are typing this out on mobile).
So my husband (26M) and I (26F) have been very lucky in regards to our salaries over the last year. My husband managed to land a position in a company with a salary of Β£50k per year and through a series of promotions I am now earning just shy of Β£35k per year.
I grew up in poverty whilst my husband grew up in a working class family so neither of us have ever experienced this type of income before. Even through university we both struggled to make ends meet and survived on a household income of less than Β£15k a year.
For approximately 2 years prior to our current financial position we had a household income around Β£45k which we were already struggling to come to terms with (in a positive light) due to the fact we have never experienced this level of income before.
Now with our gross household income at Β£85k per year we find ourselves constantly worrying that we will not be able to sustain our income for a long period of time. We are saving approximately Β£3.5k a month after tax, bills and expenses but we are too worried to spend any more than we need to survive incase we need the money in future or for emergencies.
We have reached a point where we are about to buy our first house and we are very much struggling to come to terms with monthly mortgage repayments and how much we would be able to afford to repay in the long term.
Our current rent is Β£500 a month and we initially agreed that we would not take out a mortgage which would make repayments exceed Β£1000 per month to ensure we can afford it in the long term. This has left us with a budget of around Β£250k for a house as we are looking to put down a 10% deposit.
Due to house prices sky rocketing we can't find a house we want within that budget, but we are incredibly worried that if we go over the budget we have set we may not be able to afford the mortgage repayments further down the line.
We currently bring in Β£4900 a month after tax/NI/ student loan repayments and pension contributions. We also have no form of outstanding debt or credit cards. We have a decision in principle of Β£360k and are in discussions of increasing our budget to Β£300k to be able to buy a house that meets our criteria (We are in an area where house pr
... keep reading on reddit β‘
CN is getting an upcoming diamond expenditure suit and a new dreamweaver on the 15th!
Maple Fox Expenditure
- 399 diamonds: shoes, hosiery, handheld
- 699 diamonds: coat, hair ornament, movable
- 999 diamonds: hair, top, bottom
This Cloud suit comes with a posed top and a movable accessory. Makeup not included.
ζ«ζηηΌ \"Maple Fox Fate\"
Nancy's Dreamweaver
- Progress through stages to unlock her 4 soul items and the suit
- Unconfirmed yet whether this is free or paid
- It has no limited event dates, but does not explicitly say free
Hello! I started using MacroFactor 8 or 9 days ago, and so far I love it -- the inputting is seamless, and just being aware of my calorie intake in this way is pretty transformative. A question, though: the app's initial guess at my expenditure seemed, intuitively, way high (2,800+). After a week of me inputting my weight and food, it has started drifting down (somewhere in the 2700's now), but it still seems -- if I had to guess -- 500 or so calories higher than I'd expect. Is this normal? Will it take a while to learn? Or is my understanding of expenditure -- that it's the number of calories you should be able to eat each day without seeing the scale budge in either direction -- not correct? Thanks!
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When it says e.g. βExpenditure -47kcalβ Does that mean it thinks Iβm spending about 47 more kcals than Iβm eating?
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If I have a goal of e.g. lose 10 pounds in two months, and for whatever reason Iβm not pace after the first week and I get my suggested adjustment on Monday, is that adjustment meant toβa. Still get me to 10 lbs in 2 months, b. lose weight at the same rate implied by original goal but now with a different endpoint, or c. something else?
Love the app.
Hi!
I run a product development company in the United States and China. I was given a suggestion to try this subreddit from one of my employees.
We currently do all our business via B2B - and in the last 20 years gained all our business through word of mouth. Social media has had no significant effect on our leads or sales for the past 2 years. To be transparent, this is because we haven't hit marketing hard at all and we haven't stayed consistent to receive any significant boosts.
Little bit about the business - We develop and produce for some of the largest corporations in the world and have a wheelhouse of over 400+ products we've worked on. A lot of the products are in major retail stores and I guarantee almost everyone has used the products we've produced at least once in their life.
We are hoping to reach professionals via LinkedIn marketing since that is where majority of our market is.
We would like 2-3 posts per week plus managing the paid promotions. You do NOT have to reply to comments on posts or LinkedIn messages. I will have my sales team manage that aspect.
Base Pay: $400 + $200 in ad expenditure each month.
**I am more than willing to negotiate a monthly cost after seeing portfolios and previous works.
Thank you!
For example, I just bought some concert tickets for June. Should that count to this month? Or June? I didnβt put it in the budget for January, but I can put it into june easily.
This is my first month being like down to the line item on our monthly budget so I am curious what you all do
Hey guys, Iβve been using MF for a few months and went through one cut and maintenance cycle. Initially, my expenditure actually went up, but when I went into maintenance my expenditure started plummeting for some reason. I was even taking the same or more number of steps per day. Recently Iβve started another cut as well and this trend isnβt stopping. Do I have some cursed metabolic adaptation or is the app being funny?
So I'm in a Facebook group where members have been posting over the last few days, showing their earnings for the year. Cool, looks good, congrats. My issue is when they immediately say something to the effect of "But I spent about 3/4 of this on advertising." Am I being naive, or does that seem extreme?
#RANT ahead
I used to be a cash-only guy. After getting paid, I'd withdraw a fixed amount to make sure I didn't overspend. Extra, but necessary, expenses (basic necessities, commute, eating out) were also accounted for in this withdrawal amount.
This helped me 3 ways:
- Control impulsive buying.
If I had a million dollars, I'd be broke after a week of impulse buys. Gaming is the #1 temptress, followed by food. I'd spend $100 on a meal and not blink if it was good enough.
Cash payments (along with the limited cash I could carry in my wallet) really helped me in curbing these unhealthy desires. Everytime I wanted that ultra-deluxe-holiday-special meal that feeds 5 people, my wallet would remind me how bad of an idea it was.
- Track my expenditure and have a general idea about my spending habits.
That way, I can cut down on useless habits/activities that aren't worth my time. For example, drinking with friends is a hobby I enjoy very much, but I'd rather not be drinking every week. That's just bad.
- Savings during months (especially lockdown) where I didn't have to go outside much except study, work or food.
For example: I had more than $1500 in just cash savings over the course of 4 years as a student. That's just from my measly monthly scholarship when I wasn't even earning anything. This helped me so much when I graduated during COVID and the first 3 months when I wasn't earning anything. Extra money never hurt anyone!
I've had Online Payment Apps since before the COVID, but never used it much except for settling debts with "defaulter" buddies. That way I didn't have to see their faces and beg for my own money.
COVID really pushed these online payment apps down our throats. Now, every restaurant, take-out, shops have online payment system. Especially take-outs and online orders. It seems you can get away with anything as long as you cite your reason as 'COVID'.
First of all, it was convenient.
I didn't have to make my monthly trip to the ATM, which was especially hard during lockdowns. The Police would give me suspicious looks and would warm-up to beat my ass if I did anything funny.
Second, guilt-free buying.
I didn't have my wallet calling me names anymore and IT FELT SOOO GOOD! I'd feel absolutely ZERO guilt over spending money on things that I would otherwise NEVER purchase. I feel like my increased purchasing power had something to do with this, along with years of repression of urges.
With online payments, guilt would n
... keep reading on reddit β‘During all this talk about the Elon memo the past couple days, I noticed people saying stuff like, worst comes to worst, Elon could just toss a billion a year into SpaceX to keep it funded, the way Bezos does.
Well, personally I'm pretty new to all of this stuff, and I have no clue how much money SpaceX has been burning through on the stuff they've been developing the past couple years, but, I'm assuming it's a lot more than 1 billion a year, right?
So, I am curious, just how much do you think they are spending per year, at the moment? Are we talking 3-ish billion per year? 5 billion? 10 billion?
How much do you think they will spend in 2022?
I think, in order to get a ballpark idea of just how risky or not risky of a situation SpaceX is in right now, financially, the first big step would be to make a decent guess at how much they are spending per year these days.
I don't have even a rough estimate on it, and haven't seen anyone post one in any of the threads (apologies if I missed it), but, I haven't seen anyone directly prompt anyone on it so far, I don't think, so, I am curious if maybe some of you might have some decent estimates on it
