what percentage of your income do you spend on housing?
- Thread starter bluestreak
- Start date
mrsfran
Well-Known Member
How?
Have a look at Money Saving Expert: http://www.moneysavingexpert.com/
There's lots of ways you can save money on bills - switching to a cheaper supplier, getting a water meter, direct debit, etc. I bet you really could spend a lot less that 43% on bills, it just takes a bit of research.
And I think someone offered you free Sky for a year. For which the deadline is tomorrow. *cough*
ChrisFilter
Like a boss.
Worked it out properly:
Mortgage + Life Insurance (pre-req for mortgage) + Income Protection + Service Charge = 27% of my income
Gas + Elec + Council Tax + Water + Pet Insurance + BT + Internet + mobile = 9% of my income
Debt repayment = 13% of my income
So why am I always skint?!
Mortgage + Life Insurance (pre-req for mortgage) + Income Protection + Service Charge = 27% of my income
Gas + Elec + Council Tax + Water + Pet Insurance + BT + Internet + mobile = 9% of my income
Debt repayment = 13% of my income
So why am I always skint?!
EastEnder
Brixton Barnacle
That's a valid point - hadn't considered it, my rent's always just been rent, bills have always been on top, so it didn't occur to me.
mrsfran
Well-Known Member
Food and booze innit.
ChrisFilter
Like a boss.
Indeed... the middle-class affliction of requiring ciabatta and infused oils with my cocaine and chenin blanc.
seeformiles
Lost in the wood
About 40% for mortgage, bills, council tax, etc.
sleaterkinney
Well-Known Member
about 10%
I know, I'm rubbish! I think it was the fear that I'd never be able to work it that put me off.
I'll check on that site though - I'd especially like to stick two fingers up at British Gas and change gas and electric suppliers.
mrsfran
Well-Known Member
I know, I'm rubbish! I think it was the fear that I'd never be able to work it that put me off.
I'll check on that site though - I'd especially like to stick two fingers up at British Gas and change gas and electric suppliers.
Honestly, if my mum can work out Sky, anyone can. Caallllll theemmmmmm.
And it's really easy to change gas & electricity suppliers - I did it online, no hassle.
scifisam
deleted
I didn't say it didn't matter, I said it's not just the rent that matters. If you're also paying out a significant sum elsewhere (debt for your household, commuting for mine) then you have less %age free income for rent or anything else, so the %age of housing cost alone is not relevant because it's dependant on how much you earn vs what other financial commitments/obligations you have as to whether you can afford the cost, not how much of your income it is.
The phone/internet bill is included here as I included all "living" costs before I actually go out and buy stuff. I would expect mine to be higher than most because I live in a different country to my friends/family, so it's not negotiable for me. All "living costs" should be included in the decision over whether you can afford rent/mortgage IMO, not the rate of rent vs net pay alone.
But then, I'm an accountant, so it'd be pretty poor if I couldn't recognise my own "cost of living" and present it as above
Agreed. You do realise I wasn't disagreeing with you before, yeah?
marty21
One on one? You're crazy.
not sure if life insurance is required, we got sold that by a financial advisor when we got our mortgage, between us we were paying about £200 a month in various policies
we stopped the policies after a year, we didn't have kids, both of us were working, it didn't make sense to pay out all that stuff
wtfftw
roof's about to blow ♩♪♩♬ ♬♩♪♩
Um. I'm left with £6 a week after rent (includes water and hot water). Luckily(?) I'm not paying my half of the rent right now as I'm kicking the shit out of the local housing benefit imbeciles.
Bit more complicated now tho as the manshape has no income (and JSA cockups have cocked up housing benefit in another way). Doubt the landlords would be so patient but HB transferred a massive amount of money (with no explanation) so paid arrears. Complete farce.
Bit more complicated now tho as the manshape has no income (and JSA cockups have cocked up housing benefit in another way). Doubt the landlords would be so patient but HB transferred a massive amount of money (with no explanation) so paid arrears. Complete farce.
ChrisFilter
Like a boss.
not sure if life insurance is required, we got sold that by a financial advisor when we got our mortgage, between us we were paying about £200 a month in various policies
Was a pre-req for our mortgage. Would get it anyway to be honest - it's only £17 a month for both of us.
Zero. Zip. Nothing. Not a penny.
I love the compound life!
Well, some bits of it. I don't love that we are the only people left in 'Village of the Damned' stylee. Or the rats in the roof. Or fucking pigeons.
I do, however, love the whole 'entirely free' bit, the other wildlife, our dogs, the orange groves, and other fruit trees, terrapins and tortoises, 2x1km garden just for us, and my patented nargile/hammock combination.
I love the compound life!
Well, some bits of it. I don't love that we are the only people left in 'Village of the Damned' stylee. Or the rats in the roof. Or fucking pigeons.
I do, however, love the whole 'entirely free' bit, the other wildlife, our dogs, the orange groves, and other fruit trees, terrapins and tortoises, 2x1km garden just for us, and my patented nargile/hammock combination.
ChrisFilter
Like a boss.
Sounds interesting! What do you do? How do you do it?
