Question:

What is an average persons disposable income?

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I'm buying my first house and was doing a budget. after all my bills are paid Loan, car, phone, gas, eletric,food ect. I'm am then left with E110 or £88 a week to myself. thats for socialising and clothes and saving for hoidays. luckly i gave up the cigs! i am very worried i might not get by! What in your opion is average amount people have to themselves? should i be worried or just go for it? Thanks in advance!

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  1. It's a tight budget but you need to get on that property ladder, sacrifice a few things in the end it's worth it. Good luck.


  2. Mine is £900 per month, but  I live at home with my parents and have no real outgoings.

  3. Over the next week, keep a journal with a record of exactly how much you spend on everything (not including rent, food, etc).  You'll need to carry it around with you so you remember to note down whenever you nip into Starbucks or whatever.  Obviously no two weeks are the same, but I bet you'll find that since you're not including food, transportation, etc into this, then I bet you'll find that £88 is fine.

    However, because it's not a lot of money, you should make sure that your budget is realistic.  What happens in the winter, when you need the heating on all day so your gas bill will be higher?  Will you be able to afford this?  If not, you haven't really got a lot of spare money to cover it.

    So my thoughts are that £88 is fine if the rest of budget is realistic.  If not, you need to have a re-think.

  4. Considering some people live on £88 a week not including food and bills, your very lucky. But if your use to having a bigger amount left over each week i'd wait, having your first house means all the troubles that come with it. boiler breakdowns, leaking pipes all those unexpected things that happen all at the wrong time. £88 a week is a decent amount but think about how much you will spend each week and see how much you would have left in case of emergencies!

  5. £88 thats not bad for a single person. Alot of people live off their credit cards.

    we normally are left with about £50-£30 a week for luxuries, if we want clothes we have to save up,  

  6. Do you remember what it was like during the first year at university being a poor student?  You didn't spend unnecessarily because you couldn't.  Keep the same mindset with your new house.  You won't need to buy clothes every week, you can keep phone and other utilities to a minimum, reduce car use where possible, and you can learn to trim the food bills.  

    I'd go for it, and rent out a room or two if I could.  If you haven't already signed documents for the house, have a look around.  Houses are not selling so quickly, and prices may be negotiable in your favour.  However, if you are seriously worried, wait a while.  Do some real budget practice and see how you get on.  That may reassure you.

  7. im left with £149 an id  find it a struggle  but its up to u  

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