How much do you spend each Month?

BeachBum25 · 02-06-2009 04:48AM

I got about 3 sentences into the original post and fell asleep. I'm awake now... wondering what the heck this has to do with "After Hours"???

sunnyside · 02-06-2009 10:11AM

oldyouth wrote: »

€4,200 per year for critical illness cover, are you mad? And how can you spend nearly €50 a day on food, regardless of the size of your family

Agreed, OP needs to reduce food costs. A lot of things are missing off the OP's list, gas/oil, electricity, tv licence, holidays, christmas, hairdresser/beauty treatments/clothes. Do you have 4 teenage girls and a wife all getting their hair done at the hairdressers? Pocket money for the children. I'd say there are loads of places money is being spent that you haven't noticed.

Grahamo999 wrote: »

Enen the private colleges aint that much, like Griffith, DBS or ACD are about 4000 or 5000 a year, ten grand a year for college is insane money.

The OP mentions 4 children, maybe the college fee covers education for the ones still in school too. More than one person in a Bruce college type place and the bills would be massive.

Eoin · 02-06-2009 10:48AM

Your food bill seems expensive, and a weekly takeaway could be cut down easily?

If you're self employed then you shouldn't be including all of the fuel bill in your family expenses. I think you can claim VAT back on diesel if it's for work, and if you could get away with using a commercial vehicle (provided your other car can take the whole family if needed) then your road tax will be cheap as well.

If that €200 includes the kids' mobile phone bills, then tell them to go out and get a part time job or something. If it's part of the self employed expenses, then you really need to separate your work bills from your family bills.

auditek923 · 02-06-2009 02:30PM

myself working ,wife unemployed,5yr old son per month

mortgage 1200
car repayment 200
car ins 35
petrol 50
credit union loan 400
3 credit cards 125
gas 75
esb 100
phones 70
pub 30
food 200
weekly takeaways 100

toiletduck · 02-06-2009 03:00PM

How much money do you spend per month?

I'd tot up the figures except I'm afraid of knowing what percentage of my budget goes on booze and fags.

Ignorance ftw.

Eglinton · 02-06-2009 03:17PM

jor3000 wrote: »

Mortgage – call it 1200 per month right now

Total Monthly Spend averaged over the past 12 months = €11000

Main Monthly Costs that I’m coming up with right now

Mortgage – 1200
Food – 1400
Petrol – 500
Health Insurance – 150
Life Assurances – 300
Critical Illness Cover – 350
College Fees – 833 (10k per year)
Phones – 200
Sky – 75
Weekly Take Away - 50

I calculated the overall monthly spend as follows:
Note exactly how much netIncomecomes into the bank accounts each month.
Note the closing balance of every bank and credit card account on the last day of each month – this then becomes the opening balance for the 1st of the next month.
By simply calculating how each account changed over the month and adding in the net income you can get an exact number on your monthly spend each month – and you only need to input 4 or 5 numbers to get to it.

jo3000, your monthly costs are only totaling €5058. How are you getting 11K? If you're adding together the balance of your bank account at the end of each month then you are consistantly summing the same money over and over. Double/treble counting if you follow. Or perhaps I'm missing something here?

trailerparkboy · 02-06-2009 04:03PM

lets see:
Food:120 per month
Rent: 76 per month
drink/pub: 500 per month
Internet: 25 per month

veryangryman · 02-06-2009 04:13PM

trailerparkboy wrote: »

lets see:
Food:120 per month
Rent: 76 per month
drink/pub: 500 per month
Internet: 25 per month

Assume your co-habiting with the rent part. Youd barely get a weeks rent in most places for that

As for the alcohol... Wow. That gives me mixed emotions... Half of me thinks "Wahey you go" and the other half is reminded of what a waste of money the stuff is

But so is Mortgage Interest so i think were even there Mack :pac:

IvyTheTerrible · 02-06-2009 04:16PM

A couple living together, he's a student,

Food: 300
Rent: 300
Loan: 400
Internet/TV/Phone: 30
Electricity: 40
Gas: 50
Entertainment/Misc: 400

Not too bad (but pay is much lower here than in ireland so I do have to be careful). Don't have to pay health insurance as that all comes out of my pay. Only bill I am worried about is water because it's metered and heavily charged, but you only get a bill once a year.

trailerparkboy · 02-06-2009 04:21PM

veryangryman wrote: »

Assume your co-habiting with the rent part. Youd barely get a weeks rent in most places for that

As for the alcohol... Wow. That gives me mixed emotions... Half of me thinks "Wahey you go" and the other half is reminded of what a waste of money the stuff is

But so is Mortgage Interest so i think were even there Mack :pac:

Oh im on the dole and get rent allowance so its not 2 bad, but its a real struggle sometimes espically if i have a flutter on the horses:D

jaybee747 · 02-06-2009 04:26PM

Heres mine, Married,single income, 3 young kids.
Per month:
Mortgage 1100
ESB 100
NTL 25
Eircom 55
Mobiles(2) 60
Cars(2) 390
Diesel/petrol 280/200
Personal loans/credit cards 800
Food 500
School bus 80
Heating oil averages 100 a month

I think thats it covered, i hope so, a little depressing when you stick it down in writing.

Pay insurances life/motor/home yearly, car tax yearly.bins yearly

trailerparkboy · 02-06-2009 04:30PM

jaybee747 wrote: »

Heres mine, Married,single income, 3 young kids.
Per month:
Mortgage 1100
ESB 100
NTL 25
Eircom 55
Mobiles(2) 60
Cars(2) 390
Diesel/petrol 280/200
Personal loans/credit cards 800
Food 500
School bus 80
Heating oil averages 100 a month

I think thats it covered, i hope so, a little depressing when you stick it down in writing.

Pay insurances life/motor/home yearly, car tax yearly.bins yearly

Holy smokes man that a lot, u must me on at least 900 a week to afford all that.

helimachoptor · 02-06-2009 04:38PM

2 of us.. with the GFs sister and her boyfriend the odd night..

950 Mortgage
Car 400 (only 3 months of it left!)
Raod tax 50
Broadband 40
Gas 35
ESB 50
Food 400 (at most)
Petrol 125
NTL 50
Life assurance 35
Both have company phones
Both have life insurance with company

We both keep about 4-500 casual money each per month and we save quite a bit too.

dlambirl · 02-06-2009 05:14PM

A couple, one unemployed the other soon to be on 3 days a week...

Mortgage: €700
Car loan: €250
Diesel: €150
Phone: Mine - €20, OH's - €100
Car Insurance: €115
House Insurance: €30
Medicines: €20
Beauty Treatments: €20
Food: €400
Alcohol : €100
Cigarettes: €200
Bins: €10
ESB: €100
Heating (Oil and Solid Fuel): €150
Sky: €25

Svalbard · 02-06-2009 07:28PM

consultech wrote: »

I think the fees in the University of Insufficient Leaving Cert points are about €10k per year.

Wish my mommy and doddy paid my fees when I was in college; I'm an independent adult as a result though so all's well ...

Or maybe she means the cost of keeping a child in college for a year (rent, books, fees, subsistence). I worked for 4 years during college, but I still needed my parents to help with expenses. I only wish I had it as tough as you, consultech, then perhaps I might be a well-rounded, happy person too. Oh wait....

So......

Single guy, no pets

Rent 600
Loan repayments 550
Food 200
Electricity 25
Phone 55
Union membership 55
Car insurance 99
Petrol 150

No TV subscription or other bills (mwahahah!)

1734 in expected expenditure.
Lets say another 150 in unexpected expenditure (I'm not too flash with the cash, obviously)

1884 per month.

I should be saving quite a bit at that rate......might need to do my sums again.

useful_contacts · 02-06-2009 09:38PM

useful_contacts wrote: »

Rent 540
Food 100 (we dont eat much it seems:)
partners gym 60
tv and internet 45

all i can think of atm

Oh and add in 10e a month for pet insurance
and 200 a month on alcohol(for the 2 of us)

jor3000 · 03-06-2009 12:31PM

A huge thanks for all of the replies - I can see that I must have many areas where savings can be made - and the various lists provided by people point out where I can provide more details regarding bills etc. I'll dig out some more of the details over the coming weekend and see how close I can get to bridging the gap between the ~5k detail provided on the initial post and the 11k that's going out the door each month.

.......... thought the post would get a fair response though - not many people really know how much is spent each month. Food for thought.

Laughed a bit at the changing forums though --- felt like an itinerant there for a while!

powerzjim · 03-06-2009 01:24PM

My name is URL wrote: »

Depends on the quality of prostitute available

srsly though - about 900 euro total outgoing per month for just me and my cat & dog

edit: OP you're spending alot on personal insurance, can those premiums not be consolidated?

lol

BeatNikDub · 03-06-2009 02:59PM

Single girl, living with 2 friends

Rent - 520
Phone - 75
Internet - 50
General Bills - about 50 altogether per month (AA, bins, leccy, chorus and gas)
Food - 300
Car Loan - 140
Credit card - 200
Car Insurance - 75
Doctors - 320 (minimum, can be anything up to 500)
Prescriptions - 65

And thats all before a few nights out, no wonder im left penniless every month! lol

veryangryman · 03-06-2009 03:01PM

BeatNikDub wrote: »

Single girl, living with 2 friends

Phone - 75

Hundred quid says your with Vodafone.

God id struggle to use that amount of credit with my own operator even if i tried

consultech · 04-06-2009 12:57AM

Svalbard wrote: »

I only wish I had it as tough as you, consultech, then perhaps I might be a well-rounded, happy person too. Oh wait....

Who said anything about not being happy? From my experience spoiled little UCD/Trinity doddy leeches are plenty happy, albeit ignorantly. I can fairly reliably infer that you attended one of the aforementioned institutions?

Svalbard · 06-06-2009 04:41PM

consultech wrote: »

Who said anything about not being happy? From my experience spoiled little UCD/Trinity doddy leeches are plenty happy, albeit ignorantly. I can fairly reliably infer that you attended one of the aforementioned institutions?

I did not.

I can fairly reliably infer that you wish you had.

consultech · 06-06-2009 07:02PM

Svalbard wrote: »

I did not.

I can fairly reliably infer that you wish you had.

I attended UCD, at a time when my father was quite successful with his own multi-branch business. I paid for it myself (by choice), and some of the things I witnessed in the commerce/law faculties turned my stomach...

...Whether it be a 17 year old first year in her second week of driving wrap her 2 week old mini cooper around a lamp-post on Fosters ave; or the college miraculously accommodating the rescheduling of a girls exams to be sat in private because she was off to the South of France for 2 weeks during exam time with her revered alumni parents.

Anyway, thread derail, Im sure you're a wonderfully rounded person, irrespective of parental handouts or otherwise.

Hamiltonion · 06-06-2009 07:32PM

trailerparkboy wrote: »

lets see:
Food:120 per month
Rent: 76 per month
drink/pub: 500 per month
Internet: 25 per month

How can you drink E500 of taxpayers money a month? Another product of a corrupt, inefficient government and apathetic populace.

Anyway, student budget, weekly

Food 50
Rent (bills inclusive) 130
Transport 30
Alcohol 15-50
Cigarettes 24
phone 5 (20 a month)
Other costs 10

Red_Marauder · 06-06-2009 07:34PM

I don't pay rent, so for four weeks/ 1 month:

food: 450 (and I'm single and not overweight

)
drinking: 600 (go out too often...)
Mobile and broadband: 90
ESB: 70
Clothes: 300
Diesel: 100
That's 1,600 euro or therabouts per month, and really not seeing the benefits

The rest gets blown on random stuff, no idea what. I havent checked my account balance since September last year when I started working, I have no idea how much (or little) money I have in there.:eek:

Svalbard · 06-06-2009 07:35PM

consultech wrote: »

I attended UCD, at a time when my father was quite successful with his own multi-branch business. I paid for it myself (by choice), and some of the things I witnessed in the commerce/law faculties turned my stomach...

...Whether it be a 17 year old first year in her second week of driving wrap her 2 week old mini cooper around a lamp-post on Fosters ave; or the college miraculously accommodating the rescheduling of a girls exams to be sat in private because she was off to the South of France for 2 weeks during exam time with her revered alumni parents.

Anyway, thread derail, Im sure you're a wonderfully rounded person, irrespective of parental handouts or otherwise.

Fair enough.

Just to clarify - I'm better than the OP/her children because I was only partially reliant on my parents during college, however you are better than both of us as you were not reliant at all.

It's a simple formula, I'm ashamed it took me this long to figure it out.

Graham_B18C · 07-06-2009 03:33AM

Svalbard wrote: »

Fair enough.

Just to clarify - I'm better than the OP/her children because I was only partially reliant on my parents during college, however you are better than both of us as you were not reliant at all.

It's a simple formula, I'm ashamed it took me this long to figure it out.

But if you were partially reliant, that means you had a part time job to pay the rest, why did you need help?

Like I'm not attacking or saying anyones better than anyone but if you were working part time, could you not look after yourself in college? I worked part time in Dunnes while at college, worked a good few hours and managed grand (and that included piss-ups!). If someone needs help from their parents, could they not just work extra hours?

But the OP paying 10k is crazy, no college fees are that high and they said that the Student child still lives at home

I_am_Jebus · 07-06-2009 03:46AM

about €800 a month on drink (200 a weekend)

and 200 on food... go figure... I dont consider mortgage or bills as part of my bills.. they are not essential... drink is,

watna · 07-06-2009 03:54AM

It's interesting to see what people spend their money on. I think it's a great idea to discuss although I know some people don't like discussing money.

I've often wondered if we are better off financially in NZ so this is interesting to see. The wages here are shocking though, so have to bear that in mind.

Joint Monthly Expenses - 2 Adults, 1 cat, no kids. One working, one a student with a scholarshop for living expenses and fees.

Rent: $1200
Telephone/Internet/Digital Tv: $170 (this also includes my mobile bill)
Food and Petrol: $400
Power (gas and electricity): $100

Total: $1870 = that's about €900. We would only spend about $600 a month between us extra on entertaintment/other cash purchases etc. Joint income is about $4000 a month so guess we are a lot better off here - for the moment. I've always claimed we had more disposable income in Dublin but it appears I was wrong. We have money to spend and save a good bit here. It's just a pity the NZD isn't great against the euro.

jester77 · 07-06-2009 10:39AM

I share a 3 room apt with my girlie.

My fixed expenses for the month would be:

Rent: €400 (includes heating, bins, cable and maintenance)
Electricity: €11
Gas: €8.15
Water: €12
Telephone/DSL: €20
TV License: €9
Mobile: €25
Transport: €45
Haircut: €43
Food: €400-€500

How much do you spend each Month?

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