Income vs Outgoings as a percentage......

24
Found 3rd Jan 2012
Good Evening All -

I was pondering today, is there a healthy calculation / percentage / ratio - that people prefer to use when calculating their own income vs their outgoings.

If we said Income was Wage/Salary

And Outgoings was split into 3 sections say ....
1. Rent/Mortgage
2. All bills which included everything from gas/elec/petrol/shopping/ and all other associated living costs
3. Disposable income for leisure - treats such as nights out/cinema etc

What percentage would you place on your income vs your outgoings???

As a very basic example say somebodys income was a straight £1000 per month.

Would you suggest
1. Rent / Mortgage should be £400 (40% of their income)
2. Bills / All other living costs would be £300 (30% of their income)
3. Leisure / disposable income to be £300 (30% of their income)

I know it will sound pointless to some, but i was curious how far people are prepared to stretch themselves in the current economic climate against how much they value having disposable income to still remain happy !!!!!
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24 Comments
ours is roughly
30%
25%
45%
In the words of Mr Micawber...


My other piece of advice, Copperfield, said Mr. Micawber, you know. Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, andand, in short, you are for ever floored. As I am!  
Dickens, Charles


Nothing else matters....
My outgoings are 104% of my incomings.

Good huh?
I'd probably add a 4) Savings onto that.
Savings is disposable income only you have chose to save it not spend it.
mosskeeto

In the words of Mr Micawber... My other piece of advice, Copperfield, … In the words of Mr Micawber... My other piece of advice, Copperfield, said Mr. Micawber, you know. Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, andand, in short, you are for ever floored. As I am!   Dickens, CharlesNothing else matters....




Love this quote and say it often to people. If only the last Labour government had followed this advice.
'bout tree fiddy.
Banned
25%
10%
65%

Because I'm awesome.
0%
5%
95%
90%
10%
0%

35%
64%
1%


linuxlinks

0%5%95%



Ah what its like to live @ home
35%
30%
35%
This is what mine looked 2 weeks ago when I did a budget
27%
76%
29%

Oh dear looks like something is wrong as it adds up to 132% and not including disposable income it comes to 103%.... there maybe trouble ahead....
gbspurs

Savings is disposable income only you have chose to save it not spend it.



Agreed, but they had put 'disposable income for leisure' and i wouldn't call savings leisure.
donaldduck2

90%10% 0%:(



Reality right there !

don't you live in a home oO

mines

10%
50%
40%

ScrewYou

Ah what its like to live @ home



Edited by: "fattyuk" 3rd Jan 2012
70%
25%
5%
Banned
ScrewYou

Ah what its like to live @ home



everyone lives at home don't they?

0%
30%
70%
40%
25%
35%
Avatar
deleted193256
35%
25%
40%
Edited by: "deleted193256" 4th Jan 2012
35%
35%
30%

Skewed due to the OH car costing a bomb in living costs!
110% (loan doesn't cover accommodation)
0% (included in rent)
almost nothing as Im already in debt at the start of each semester
Yes, I do live at home, my home
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