How much do you have left after rent/mortgage?

Tuathanach

Hi there people!

As you might see from other posts of mine, I'm thinking about moving - the cost of rent etc etc and I wonder if maybe we could have a discussion about ''money left over''

I guess this is one of those questions that can be a bit messy (what to include etc) so for the purposes of this - I wondered:

What do you have left monthly from your income after:

* Rent/Mortgage
* Bills monthly
* Transport/Commute
* Car (insurance/fuel)

What do people consider as a ''good amount'' to have left?

I am 25, live and work in Dublin and earn 29K. Trying to ''sort out'' myself to following the right path to build my future and am looking at renting somewhere outside of Dublin.

With my calculations, I predict:

Rent: 550 (1 hour commute)
Bills: 100 approx/monthly
Transport/Commute: 150 with tax saver (living outside of the areas covered by the general tax saver tickets.
Car: Approx 240 per month (first time driver so high insurance)

That's already 1040 Euro and I haven't even bought a drop of food never mind savings - naturally I would like to save as much as possible.

What are your rough budgets and saving schemes?

monflat

Tuathanach wrote: »

Hi there people!

As you might see from other posts of mine, I'm thinking about moving - the cost of rent etc etc and I wonder if maybe we could have a discussion about ''money left over''

I guess this is one of those questions that can be a bit messy (what to include etc) so for the purposes of this - I wondered:

What do you have left monthly from your income after:

* Rent/Mortgage
* Bills monthly
* Transport/Commute
* Car (insurance/fuel)

What do people consider as a ''good amount'' to have left?

I am 25, live and work in Dublin and earn 29K. Trying to ''sort out'' myself to following the right path to build my future and am looking at renting somewhere outside of Dublin.

With my calculations, I predict:

Rent: 550 (1 hour commute)
Bills: 100 approx/monthly
Transport/Commute: 150 with tax saver (living outside of the areas covered by the general tax saver tickets.
Car: Approx 240 per month (first time driver so high insurance)

That's already 1040 Euro and I haven't even bought a drop of food never mind savings - naturally I would like to save as much as possible.

What are your rough budgets and saving schemes?

Feck all to be honest! Id need a few hrs to do the maths properly. !

actuar90

Rent - 380
Bills - 60
Car - 90 (Tax, Insurance, Petrol, doesn't really get used all that much..)
Luas -60

I'm 23 and in Dublin also. Total = 590 so I don't think I'm doing too bad

Meathlass

35, living in countryside

Rent - 280
Bills - 150 (gas, esb, phone, internet)
Car - 500 (long commute)

Leaves me with about 1500 a month to cover food, savings, repaying loans and wear and tear on the car which is a killer.

OP, if you're moving out of Dublin would your rent be as high as 550?

Tar.Aldarion

27 Living in Dublin

Accom: 1250
Bills: 150
Transport: 0

---

1400

Don't save much atm, obviously more expenses to go along with those basic ones + food.

helimachoptor

@tar.. wow i was sure you were like 50 or something :pac:

At this point in time, myself and my wife have a fair bit of disposable income, however junior Heli arrives in 2 months and then probably one or 2 more after him/her so that will be reduced a lot!

Rent is 1400, but likely to go up a lot in January (south county dublin)
Commuting is free as i cycle, however i'll likely buy a new bike which will be 40 a month for a year.
Bills both myself and my wife have company phones, I have free TV and free BB. ESB/Gas i'll be honest im not 100% sure on these but probably 100 per month... Food is generally pretty cheap as we shop mostly in aldi/lidl

danthefan

Will be starting a new job shortly, looks like I'll have to spend about a third of my net pay on rent.

In my old job, which was in a rural part of the country as opposed to Dublin city, it was about a sixth or less

Tar.Aldarion

helimachoptor wrote: »

@tar.. wow i was sure you were like 50 or something :pac:

At this point in time, myself and my wife have a fair bit of disposable income, however junior Heli arrives in 2 months and then probably one or 2 more after him/her so that will be reduced a lot!

Rent is 1400, but likely to go up a lot in January (south county dublin)
Commuting is free as i cycle, however i'll likely buy a new bike which will be 40 a month for a year.
Bills both myself and my wife have company phones, I have free TV and free BB. ESB/Gas i'll be honest im not 100% sure on these but probably 100 per month... Food is generally pretty cheap as we shop mostly in aldi/lidl

I have no idea why! I'm spry and full of youth :mad: :pac:

danthefan wrote: »

Will be starting a new job shortly, looks like I'll have to spend about a third of my net pay on rent.

In my old job, which was in a rural part of the country as opposed to Dublin city, it was about a sixth or less

Due to circumstances mine was 68% of net since august, now its 45% and that feels so good to me now

keane2097

Seems like paying €550 to live somewhere outside Dublin is too high considering the added cost of transport, you should be able to get plenty of decent rooms in Dublin itself for that sort of money.

Mrs OBumble

keane2097 wrote: »

Seems like paying €550 to live somewhere outside Dublin is too high considering the added cost of transport, you should be able to get plenty of decent rooms in Dublin itself for that sort of money.

Paying just over E800 pcm for a 2br Galway city centre.

While it seems high, I spent E31 per month on transport (bus ticket), and almost nothing else. Even when we have a night out, the front door is only a few minutes stumble away. And cheap supermarkets are about 20 mins walk away - easily done with a backpack for carrying stuff.

IMHO it's all about the overall package of what you spend, not individual bits.

But there's no way I could afford to run a car ATM.

Tuathanach

keane2097 wrote: »

Seems like paying €550 to live somewhere outside Dublin is too high considering the added cost of transport, you should be able to get plenty of decent rooms in Dublin itself for that sort of money.

Hi! Yes, it is a lot of money however ideally I would like to rent a small place by myself. It's not about ''being above sharing'' - God, in Dublin people in their 40s and 50s are sharing but it's about my own space, I'm not a great 'sharer'. I need a home to call home - something I can enjoy my own space in, have my cat in (currently being looked after by extended family for this very reason).



I guess that sounds a bit 'demanding' but for me, my salary, 29k at 25 years old is very good and I would like to use it as a base for getting on my feet, part of which is being able to have my own little (and very modest) home. I'm not in a position to buy so renting would be my only option.

Does anybody have a similar experience/desire or thoughts on it? Has anybody done the 'studio with a cat' before?