How much do you spend a month before you actually buy anything?

Just a curious question looking at myself, thinking I am mad.

Mortgage is around 900, plus 100 for the add ons.
Car loan is another 400.
Bills 250
Phone and Tv (netflix etc) 120
Savings 500
other debits 100

All before I actually buy a thing!!

Is this Normal.

zell12

A penny

ytpe2r5bxkn0c1

I find that everything I spend is to buy something. Your mortgage is buying a house, a car loan is buying a car, bills for gas or electricity are buying gas and electricity, phone and TV bills are for buying those services. So I don't spend anything without buying something.

Dakotabigone

€120 on TV and phone is expensive, car loan is a lot you on pcp?

You're buying shelter, transport, services and entertainment there.

facehugger99

Crazy amount to be spending on a car loan.

I'm presuming your 'Bill's' include food?

orourkeda1977

Food shelter and certain utilities are necessities.

Everything else is something that you can survive without

facehugger99

facehugger99 wrote: »

Crazy amount to be spending on a car loan.

I'm presuming your 'Bill's' include food?

On what planet is 400 euro a crazy amount for a car repayment? It’s a very normal amount.

facehugger99

Macie Delicious Brunette wrote: »

On what planet is 400 euro a crazy amount for a car repayment? It’s a very normal amount.

Stupid amount to spend every month on a depreciating asset.

Feisar

facehugger99 wrote: »

Stupid amount to spend every month on a depreciating asset.

That's a whole other question and deserving in its own thread.

To develop wealth one should be spending money on things that earn for us not depreciate.

gibgodsman

Rent - 550
TV - 30
Internet - 67
ESB - 150

So not much when compared to yourself but for me its quite a bit considering my pay is awful for someone with an Honors Degree....

JustMe,K

€1400 a month on rent alone,
€280 for electricity (thanks to storage heating), broadband, TV, Netflix

It scares me to add the rest up, but there's not much leftover from my salary for fun stuff

The J Stands for Jay

Skyrimaddict wrote: »

Just a curious question looking at myself, thinking I am mad.

Mortgage is around 900, plus 100 for the add ons.
Car loan is another 400.
Bills 250
Phone and Tv (netflix etc) 120
Savings 500
other debits 100

All before I actually buy a thing!!

Is this Normal.

Phone and TV are too high. Why have a car loan?

The J Stands for Jay

Macie Delicious Brunette wrote: »

On what planet is 400 euro a crazy amount for a car repayment? It’s a very normal amount.

This planet. I've never had a car loan.

stimpson

Observatory wrote: »

If you have spare funds invest in index tracking ETFs for the long term.

Tax liabilities on non EU ETF's could be over 55%. Not exactly a great return.

Skyrimaddict

Skyrimaddict wrote: »

.................
Bills 250...................

facehugger99 wrote: »

Crazy amount to be spending on a car loan.

I'm presuming your 'Bill's' include food?

I'm presuming €250/month for bills doesn't include food.
I'd spend €250+/month on food.

theteal

Mortgage (inc Life/CI Insurance) - £440
Insurance (home, car, pets) - ~£80
Motor Tax - £16
Council Tax - £170
Elec & Gas - £81
Child Minder - £190 . . . . that'll go to £0 at the child's next birthday. . . until the next one comes along :eek:
Virgin TV/Broadband - £33
Netflix - ~£5

I don't think that's too bad at all

irelandrover

Mortgage -1100
insurances - 150
gas & elec - 150
TV/Internet - 50
Childcare - 1090
Car insurance/ tax - 90
city tax - 90
Health ins - 220

Its a lot when written down like that

gibgodsman

irelandrover wrote: »

Mortgage -1100
insurances - 150
gas & elec - 150
TV/Internet - 50
Childcare - 1090
Car insurance/ tax - 90
city tax - 90

Its a lot when written down like that

You know its bad when your childcare is as expensive as your mortgage....

Stab*City

Skyrimaddict wrote: »

Savings 500


Is this Normal.

Def not.

theteal

gibgodsman wrote: »

You know its bad when your childcare is as expensive as your mortgage....

Yeah, it is an eye opener alright. If we went F/T Childcare (thankfully it's only 2 days a week) it would be about the same figure in UK£, and that's just a child minder, a proper nursery is about £70 per day.

irelandrover

gibgodsman wrote: »

You know its bad when your childcare is as expensive as your mortgage....

Thats only childcare for 3 days a week as well for one child.

Dublin Mum

Mortgage €1,300
Life insurance €90
House insurance €45
Health insurance €200
Broadband & landline €60
Motor insurance €80
Food (family of 5) €800+

No childcare, no car loan and no tv subscription

turdball

500 - one bed apartmert
120 - elec during Winter
320- car loan
20 top up for phone which also does internet
Insurance - 65

1015 yo-yos. Still have more than enough to save for mortgage and enjoy life. People paying those rents and house prices in Dublin are mad, Get out of their as soon as you can

gibgodsman

irelandrover wrote: »

Thats only childcare for 3 days a week as well for one child.

Is your child minded by some sort of celebrity or something? That is an insane amount for 3 days a week. You would not even earn that much if you worked 3 days a week for a full month

ELM327

Mortgage 390
life ins/mortgage protection 15
Car loan 525
Bills contribution to joint account 600-800
Nespresso subscription 40
AA 15
phone 50
Savings 400
Classic Car Storage 73

begbysback

turdball wrote: »

500 - one bed apartmert
120 - elec during Winter
320- car loan
20 top up for phone which also does internet
Insurance - 65

1015 yo-yos. Still have more than enough to save for mortgage and enjoy life. People paying those rents and house prices in Dublin are mad, Get out of their as soon as you can

You could rent a room in Dublin for the same price

Dakotabigone

McGaggs wrote: »

This planet. I've never had a car loan.

It’s the price to pay to drive a new Dacia Duster paddy spec.

facehugger99

gibgodsman wrote: »

You know its bad when your childcare is as expensive as your mortgage....

Our childcare costs are double our mortgage and that's for 2 kids, 3 days a week.

pwurple

You guys have WAY too short a list if this is for budgeting.

Here's mine, without figures, cos none of your business.

Monthly
Mortgage
Internet
Electricity
Petrol (none)
Water
Mobile phone
Groceries
Gifts for parties (kids parties are a tenner in a card)
Life policy
Work expenses
Childcare (none - Daddy Day Care)
Pension contribution
Loans



Annual stuff, to be divided monthly for budget
Car tax
Car insurance
Car servicing
NCT
house insurance
Bins
home heating fuel (coal, wood, oil)
Childrens's shoes and clothes
Boiler servicing
Alarm servicing
Garden maintenance
School fees / expenses
Building Maintenance (repairs, gutters etc)
Health insurance
Christmas Gifts
Property Tax


Extras:
Sports / gym
Grooming (haircuts etc)
Entertainment / going out
Holiday
Craft supplies (kids paints and paper etc)

irelandrover

pwurple wrote: »

You guys have WAY too short a list if this is for budgeting.

Here's mine, without figures, cos none of your business.

Monthly
Mortgage
Internet
Electricity
Petrol (none)
Water
Mobile phone
Groceries
Gifts for parties (kids parties are a tenner in a card)
Life policy
Work expenses
Childcare (none)



Annual stuff, to be divided monthly for budget
Car tax
Car insurance
Car servicing
NCT
house insurance
Bins
home heating fuel (coal, wood, oil)
Childrens's shoes and clothes
Boiler servicing
Alarm servicing
Garden maintenance
School fees / expenses
Building Maintenance (repairs, gutters etc)
Health insurance
Christmas Gifts
Property Tax


Extras:
Sports / gym
Grooming (haircuts etc)
Entertainment / going out
Holiday
Craft supplies (kids paints and paper etc)

Did you actually read the question?

facehugger99

Observatory wrote: »

Would yourself or your partner consider giving up work to mind the kids?

No, we'd be far worse off financially.

ELM327

pwurple wrote: »

You guys have WAY too short a list if this is for budgeting.

Here's mine, without figures, cos none of your business.

Monthly
Mortgage
Internet
Electricity
Petrol (none)
Water
Mobile phone
Groceries
Gifts for parties (kids parties are a tenner in a card)
Life policy
Work expenses
Childcare (none - Daddy Day Care)



Annual stuff, to be divided monthly for budget
Car tax
Car insurance
Car servicing
NCT
house insurance
Bins
home heating fuel (coal, wood, oil)
Childrens's shoes and clothes
Boiler servicing
Alarm servicing
Garden maintenance
School fees / expenses
Building Maintenance (repairs, gutters etc)
Health insurance
Christmas Gifts
Property Tax


Extras:
Sports / gym
Grooming (haircuts etc)
Entertainment / going out
Holiday
Craft supplies (kids paints and paper etc)

Tenner in a card? Do you hate the child or something? Jebus I'd be scarlet giving that. Anyway the question was about how much goes out on recurring payments **before you buy anything** not on budgeting your entire income.

TeaBagMania

ELM327 wrote: »

Mortgage 390
life ins/mortgage protection 15
Car loan 525
Bills contribution to joint account 600-800
Nespresso subscription 40
AA 15
phone 50
Savings 400
Classic Car Storage 73

Damn, nice mortgage

as for the OP start paying off your debt, when finished put a few extra euro towards the principal of your mortgage

theteal

pwurple wrote: »

You guys have WAY too short a list if this is for budgeting.

Here's mine, without figures, cos none of your business.

Not a budget at all, just what comes out on the 1st of the Month, off the top of my head.

turdball

begbysback wrote: »

You could rent a room in Dublin for the same price

Yes but it’s not your own place dealing with housemates etc and do you want to be house sharing at a certain age. You wouldn’t even get a bed sit in Dublin for 500, I have a nice big one bed apartment for the 500

Also I can get a nice house for 150K.

McGaggs

McGaggs wrote: »

. Why have a car loan?

Not everyone is happy to drive around in a cheap cars that they can buy for a few thousand for many many reason.. Some like to spend money to buy new, others spend a lot on a nice car even if it’s not new, other spend a large amount on both new and very nice.

I know of one or two people paying up on 1k a month in a car loan, now that is high but the cars are special.

ELM327

TeaBagMania wrote: »

Damn, nice mortgage

as for the OP start paying off your debt, when finished put a few extra euro towards the principal of your mortgage

Fixed term still 2+ years left so won't be paying extra down, and we plan to move after that.



I have no debt other than the car loan and as that's for an EV it's similar to my old fuel costs. (I do 60k km per year)

facehugger99

Macie Delicious Brunette wrote: »

I know of one or two people paying up on 1k a month in a car loan,

A fool and their money are soon parted.

ELM327

facehugger99 wrote: »

A fool and their money are soon parted.

They are probably driving a nice new car that is interesting and doesnt break down.


Who's the fool again?

turdball

What I usually do is when my car goes down to 5k in value I sell it and get out another loan for 5k. Buy something then for around 10k.

Doesn’t cripple me whatsoever to be fair.
I don’t understand people buying brand new cars

facehugger99

ELM327 wrote: »

Who's the fool again?

The guy paying €1,000 a month.

Keep up.

theteal

turdball wrote: »

What I usually do is when my car goes down to 5k in value I sell it and get out another loan for 5k. Buy something then for around 10k.

Doesn’t cripple me whatsoever to be fair.
I don’t understand people buying brand new cars

Somebody has to. I'd have nothing to pick up chaep down the line otherwise.

turdball

ELM327 wrote: »

They are probably driving a nice new car that is interesting and doesnt break down.


Who's the fool again?

Break down? Have to laugh at this sorry.
If they can afford a brand new high spec car then fair play to them. People crippling themeselves with car payments is a another story

Dakotabigone

The person paying the 1k car loan may be on 200k wages. It’s relative.

Scotty #

pwurple wrote: »

You guys have WAY too short a list if this is for budgeting.

I was thinking the very same!

Groceries €210.00 per week
Diesel €280.00
Toll €70.00
Mortgage €700.00
Gas €63.00
Electricity €162.00
Car Insurance €175.00
Car Loan €265.00
House Insurance €43.90
Mortgage cover €28.45
Phones €60.00
Kids phones €50.00
Panda €74.00 every 3 months
SKY Digital €55.00
Broadband €45.00
BT Sport €27.50
Netflix €13.99
Amazon Prime €9.00
Kids Extra Curricular €120.00 sports, classes, etc
Savings €800.00

Not counting incidentals like take-outs, clothing, medical, dentist, social life, etc, etc, etc.

So about €2.5k not counting savings. Based on two adults and two teenagers.

blackbox

Macie Delicious Brunette wrote: »

I know of one or two people paying up on 1k a month in a car loan, now that is high but the cars are special.

In my mind, if you can't afford a car without a loan, you can't afford it.

ELM327

turdball wrote: »

What I usually do is when my car goes down to 5k in value I sell it and get out another loan for 5k. Buy something then for around 10k.

Doesn’t cripple me whatsoever to be fair.
I don’t understand people buying brand new cars

Luckily some do or there wouldnt be any bangers left for you to buy at 5l

facehugger99 wrote: »

The guy paying €1,000 a month.

Keep up.

What if it's only a small percentage of takehome? Keep up


1k to someone on 30k might be a lot, but it's not to everyone.

turdball

blackbox wrote: »

In my mind, if you can't afford a car without a loan, you can't afford it.

Not really, why save for a couple of years and then get the car when you can just get a loan.

Same model then is that people shouldn’t get a mortgage if they need the loan

Working class heroes

I get give or take, it works out at about with expenses 140,000 a year and I pay 30.3% tax on that, so it’s about a net 100,000 and out of that 100,000 I run a home in Dublin, Castlebar and Brussels. I wanna tell you something, try it sometime.

ELM327

turdball wrote: »

Break down? Have to laugh at this sorry.
If they can afford a brand new high spec car then fair play to them. People crippling themeselves with car payments is a another story

A car is not an asset it is an expense, therefore should not be financed with capital.