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

martingriff · 02-02-2019 5:53pm

Scotty # wrote: »

Well in that case the answer is ZERO and the answer for everyone else in the thread is also ZERO.

Unless you can give me some examples of how you spend your money without buying anything?

Well I would agree with you and I think a poster early on said as much

Ubbquittious · 02-02-2019 6:18pm

Scotty # wrote: »

92 posts about personal finance and only one person has used the work 'pension' (and that was edited in later!). I don't have a pension but I don't plan on retiring either.

tiger must be roaring for you?

OldMrBrennan83 · 02-02-2019 6:22pm

Rent €650
Electricity & gas €200
Waste €40
Health Insurance €120
Amazon/Netflix/Spotify/Google Play Music/MS Office €50
BIK €100

Mrs pays the other half of the rent and the TV package and work pay the mobile bill and car/fuel.

_

Capt'n Midnight · 03-02-2019 9:50pm

Macie Delicious Brunette wrote: »

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

All of my cars have been All bought outright

Usually because they are valued at less than annual costs of Insurance + Motor Tax + NCT

A bit like the way that over the years I've spend as much on TV licences as on TV's :mad:

Ye Olde Car Sticker
It may be old, but it's paid for and in front of you

04-02-2019 10:47am

Thanks for all replies, and glad to see the thread going off topic and back on again.

My question was what you spend before you buy anything, as in the direct debits and such as they go out every month. I am aware that they are in essence a repayment for good/services bought that continue to accrue in the year, but they still go out whether I earn 100K or am on the dole.

As for the car loan, no not a particularly large car but a nice car and I did save for a car once but found that the effort of saving and then buying Vs just getting a loan and topping up a new car was similar.

I forgot my own pension and also LPT, they add another 100 out of the account every month also. I dont have health insurance as I did before and it got me exactly d1ck for the few years I had it.

Toots · 04-02-2019 11:10am

Mortgage: 840
Car loans: 470 (for 2 cars, overpaying to clear them quicker)
Mobile phones & insurance: 140 (2 phones)
Health Insurance: 87 (2 adults, 2 kids. Husband's employer pays most of it and we pay shortfall)
Electricity & Gas: 94
Car insurance: 37
Tv/Broadband/Landline: 64
Life insurance: 71
Home insurance: 24 (contents only, in apartment)
Management fees: 155
Tolls: 100
Diesel: 200
Groceries: about 400

So roughly 2700 per month. That's for a family of 2 adults and 2 kids, my husband is the sole earner. Trying to save about 800 per month for a house deposit on top of that.

smeal · 04-02-2019 11:12am

Rent: €520
Electric Bill Share: €30-€40 (roughly)
Phone Bill: €45
Wifi/TV Package Share: €15
Netflix/Spotify: €20
Car Insurance: €55
Toll: €20 (roughly)
Postgrad Loan Repayment: €120

04-02-2019 11:15am

Toots wrote: »

Mortgage: 840
Car loans: 470 (for 2 cars, overpaying to clear them quicker)
Mobile phones & insurance: 140 (2 phones)
Health Insurance: 87 (2 adults, 2 kids. Husband's employer pays most of it and we pay shortfall)
Electricity & Gas: 94
Car insurance: 37
Tv/Broadband/Landline: 64
Life insurance: 71
Home insurance: 24 (contents only, in apartment)
Management fees: 155
Tolls: 100
Diesel: 200
Groceries: about 400

So roughly 2700 per month. That's for a family of 2 adults and 2 kids, my husband is the sole earner. Trying to save about 800 per month for a house deposit on top of that.

Jesus, that is some going!!! Fair play to save on top of all that.

04-02-2019 11:16am

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.

And to those who asked, no bills are just gas and elec, Gas is around 150 a month and elec is around 100. House is 2200sq foot.

facehugger99 · 04-02-2019 11:53am

Skyrimaddict wrote: »

I forgot my own pension and also LPT, they add another 100 out of the account every month also. I dont have health insurance as I did before and it got me exactly d1ck for the few years I had it.

Health insurance is one of the purchases that I'm very grateful to get bad value from.

OldMrBrennan83 · 04-02-2019 11:54am

Health insurance is useless if you've a GP that won't use it. I'd love to see what really goes on with all that.

lmimmfn · 04-02-2019 12:54pm

I pay car/home insurance etc. up front leaves:
116Euro - medical insurance
55Euro - Broadband
130Euro - Diesel
330Euro - Child minder( not full week & after school)
45Euro Property tax & waste

Total: 706Euro

Mrs pays gas & electricity( about 100 and 120Euro respectively) per month on avg and 15Euro a month mobile and 50Euro Diesel
Total Household = 991Euro

04-02-2019 12:57pm

facehugger99 wrote: »

Health insurance is one of the purchases that I'm very grateful to get bad value from.

I mean as I still had to wait ages for visits, bad service etc.

04-02-2019 12:59pm

Skyrimaddict wrote: »

.............I dont have health insurance as I did before and it got me exactly d1ck for the few years I had it.

I do hope never to have to claim on my own health insurance tbh.
So too my critical illness cover and income protection policies

My folks got great "value" from the VHI, months and months of cancer treatment and some heart disease treatments thrown in too.
My mum would definitely have preferred to have gotten exactly nothing instead from the policy I'm sure.

Bigbagofcans · 04-02-2019 1:01pm

Rent: €300
Savings: €400
Petrol: €200
Food: €200
Tolls: €80
Car Insurance: €55
Electric Bill Share: €40
Netflix/Spotify: €25
Wifi/TV Package Share: €20

I have a good bit of disposable income after this for weekends away/gigs/nights out, etc. I'd be living to work if I didn't have these.

uncommon_name · 04-02-2019 1:21pm

The following is split between the wife and I.

Mortgage - €950
Car loan - €350 (2 cars)
Car insurance - €165 (2 cars)
Fuel - €450 (2 cars)
Tolls & Parking - €120 (2 cars)
Health Insurance - €40
Home Insurance - €50
Phone bill - €130 (2 phones)
Entertainment - €75 (Sky, Netflix & Spotify)
Internet - €50
Food - €250
Gas + Electricity - €150
Loans - €400

Total - €3180

Savings changes every month but is approx. €1500

Then we both get about €350 for ourselves for the month, for eating out, buying stuff for ourselves or each other etc....

Then you have Car tax that pops up once a year
Maintenance costs on cars (services and repairs)
Repairs on the house
etc......

holliehobbie · 04-02-2019 10:03pm

Toots wrote: »

Mortgage: 840
Car loans: 470 (for 2 cars, overpaying to clear them quicker)
Mobile phones & insurance: 140 (2 phones)
Health Insurance: 87 (2 adults, 2 kids. Husband's employer pays most of it and we pay shortfall)
Electricity & Gas: 94
Car insurance: 37
Tv/Broadband/Landline: 64
Life insurance: 71
Home insurance: 24 (contents only, in apartment)
Management fees: 155
Tolls: 100
Diesel: 200
Groceries: about 400

So roughly 2700 per month. That's for a family of 2 adults and 2 kids, my husband is the sole earner. Trying to save about 800 per month for a house deposit on top of that.

That's very expensive for two phones. And you're paying for a landline as well?

uncommon_name · 05-02-2019 5:02pm

holliehobbie wrote: »

That's very expensive for two phones. And you're paying for a landline as well?

Not expensive at all considering it includes insurance.
Probably 2 phones with 3 Mobile on their €60 a month plan and there about €10 for each phone on insurance. About standard prices.

I pay about €130 on 2 phones and that doesn't include insurance.

Landline probably comes free with the Broadband and TV bundle.

Lia_lia · 05-02-2019 8:56pm

Some people have such big car loans. I'll never understand getting a huge loan for a new car. Or PCP. Seems like such a waste. But then again I'm not hugely into cars.

Rent: €450 (It's €900 in total, boyfriend pays half)

Phone credit: €20

AA Membership: €12. Don't really know why I pay this. But I've an old car and would be handy if something ever happened. Plus I get a discount with my insurance.

Stock: €400. I put approx €400 per month into a savings scheme at work where we get money off stock. A percentage of this is taxed every 6 months but not much really.

Pension: €280. Work matches this.

Health and dental insurance: Paid by work. I pay BIK but not sure how much.

Gas/electricity: About €55 per month (boyfriend pays other half)

Bins: Landlady pays

Loans: None thankfully. Car and phone bought outright.

Wifi: €27 (boyfriend pays other half)

Savings: €600 per month into the credit union. Himself saves around the same amount separately.

Petrol: This depends but usually about €60 per month.

I pay my car tax and insurance in full every year. Boyfriend pays for Netflix. Free gym and exercise classes at work.

Usually spend about €120 per month in work canteen and no idea how much we spend on food at home as we just tend to buy stuff as we need it.

Most of my money goes on eating in restaurants/cafes and holidays. Still manage to save though thankfully.

Lia_lia · 05-02-2019 8:58pm

uncommon_name wrote: »

Not expensive at all considering it includes insurance.
Probably 2 phones with 3 Mobile on their €60 a month plan and there about €10 for each phone on insurance. About standard prices.

I pay about €130 on 2 phones and that doesn't include insurance.

Landline probably comes free with the Broadband and TV bundle.

That does seem like a lot! Mine is €20 a month. Phone cost about €450 outright. I don't have insurance though.

Wildly Boaring · 05-02-2019 9:23pm

Lia_lia wrote: »

Some people have such big car loans. I'll never understand getting a huge loan for a new car. Or PCP. Seems like such a waste. But then again I'm not hugely into cars.

Cars ain't free.
I do 60 to 70000km annually.
Often spend 5 or 6 hours in it.
It's my office, changing room and often canteen.

Yes I'm "in" to cars too but I also need one that will work 99.9% with simple maintenance.

My current car is now paid for. (Wife's on PCP for different reasons)

I want my savings to be accessible not tied up in a quickly depreciating asset.

(I do get a nice amount of mileage)

Lia_lia · 05-02-2019 9:46pm

Wildly Boaring wrote: »

Cars ain't free.
I do 60 to 70000km annually.
Often spend 5 or 6 hours in it.
It's my office, changing room and often canteen.

Yes I'm "in" to cars too but I also need one that will work 99.9% with simple maintenance.

My current car is now paid for. (Wife's on PCP for different reasons)

I want my savings to be accessible not tied up in a quickly depreciating asset.

(I do get a nice amount of mileage)

That’s fair enough. You drive a lot more than I do. My mileage is only around 10K kilometres per year as my commute is so short. My car cost 2.5K and I’ve had no trouble with it. There are a lot of people I know who do similar mileage to myself that feel like they need brand new cars on PCP and then are always giving out that they are broke. That’s what I don’t understand!

The J Stands for Jay · 05-02-2019 10:25pm

Lia_lia wrote: »

That does seem like a lot! Mine is €20 a month. Phone cost about €450 outright. I don't have insurance though.

Once you take the excess into account, you're likely to be paying out as much in insurance as a new phone would cost.

05-02-2019 10:34pm

McGaggs wrote: »

Once you take the excess into account, you're likely to be paying out as much in insurance as a new phone would cost.

Not really. I have an excess of 70 euro and my phone cost 1000 euro. Even a screen replacement is around 250 euro.

meeeeh · 05-02-2019 10:54pm

Car loan 330
Savings about 400
Electricity 170
After school for an hour about 150
Whatever property tax is supposed to be therese days
Internet is 40 (limited providers)
Health insurance for 4 is 260
Bins 20 or there abouts
Swimming for kids 75 per month

Mortgage, sky, bt, Netflix, Amazon and whatever other stuff go out of oh's account. I know mortgage is around 900 and I'd rather not know how much Sky is.

This financial planning stuff is easy.

ImARebel · 05-02-2019 11:06pm

Don't get me started...

This is all monthly
Mortgage 950
Car loan 200
Vhi 130
Bins 30
Mobile phone bills 35
Gas
Electricity
Broadband 55
Tv 30
Savings 140
House Insurance 30
Car insurance 65 (they doubled it with no warning)
Mortgage protection 50
TV licence 13
Car tax 25
Gym 75
Scouts 20

Family of 4, 1 wage

And I havent bought a crumb of food yet or a school uniform we don't go out anymore, we go nowhere, do nothing

I've trimmed off all the fat. Am debating giving up the skyTV (basic package) but given we're at home so much we'd crack up without it

SCOOP 64 · 05-02-2019 11:22pm

ELM327 wrote: »

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

Who's the fool again?

Hmm

SCOOP 64 · 05-02-2019 11:25pm

meeeeh wrote: »

Car loan 330
Savings about 400
Electricity 170
After school for an hour about 150
Whatever property tax is supposed to be therese days
Internet is 40 (limited providers)
Health insurance for 4 is 260
Bins 20 or there abouts
Swimming for kids 75 per month

Mortgage, sky, bt, Netflix, Amazon and whatever other stuff go out of oh's account. I know mortgage is around 900 and I'd rather not know how much Sky is.

This financial planning stuff is easy.

Savings €400 a month , get out of this Thread!

meeeeh · 05-02-2019 11:27pm

SCOOP 64 wrote: »

Savings €400 a month , get out of this Thread!

I didn't say for how long the stay savings.

at best I'd say our approach to budgeting is a bit relaxed. Non existent would be another description.

Assetbacked · 05-02-2019 11:32pm

Rent and bills 1400
Gym 29
Phone 60
IT subscription 20
Loan 400
Golf 100

So over 2k... Wow. That's a lot.

kieran. · 05-02-2019 11:43pm

mortgage, food, misc bills 2250
creche 1100
elecie 80
sky 120

All split 50/50 with the Mrs so 1725

Golf 150
Car 400

2275/month not to bad for family with 4 kids

Sussy · 06-02-2019 10:32am

Hi everyone!

Because I switch suppliers every year here is what we spend on. If you take your time to shop around you will save a lot.

Rent €750
Electric Ireland €70
Eir Broadband €35
Bin €33
Tv license €13
Aib car insurance €69
Road tax €3
Petrol €200
Tesco mobile €15
Kerosene winter €93
Android box for tv

Suarez Canal · 06-02-2019 10:36am

Mortgage 1300
Savings 1500
Utilities 140
TV, broadband, Netflix, Spotify 160
Insurance/Life Policies 140

06-02-2019 10:39am

kieran. wrote: »

mortgage, food, misc bills 2250
creche 1100
elecie 80
sky 120

All split 50/50 with the Mrs so 1725

Golf 150
Car 400

2275/month not to bad for family with 4 kids

That is each though!

06-02-2019 10:40am

Suarez Canal wrote: »

Mortgage 1300
Savings 1500
Utilities 140
TV, broadband, Netflix, Spotify 160
Insurance/Life Policies 140

Holy **** that is good saving!!!

06-02-2019 10:42am

It is good to see I am not the only one, I thought at one point I was going mad at home much I spent external to food, clothes etc but dont seem to be.

All of it seems to then not get much bang for your buck either, we do get fleeced here in Ireland, was speaking to my Australian cousins and outside of mortgage they though the figures were mad!!

Suarez Canal · 06-02-2019 10:43am

Skyrimaddict wrote: »

Holy **** that is good saving!!!

Want to payoff the mortgage as soon as I can, so saving to pay off some principle after each rate reset.

meeeeh · 06-02-2019 11:05am

I console myself that we are on tracker anyway. It's almost like bank paying us for to have mortgage with them so there is no point paying it off early.

RFOLEY1990 · 06-02-2019 11:07am

Rent €500
Eir Quad Play - €190 (LL, TV, BB, 3 Mobile)
Gas - €120 (very cold, old house)
Electricity - €50
Bins - €18.50
Leap Card - €120
Tv Licence - €13.33
Groceries - €160
Credit Union - €150
Savings for Xmas - €200
Savings - €200

Total - €1721.03

kerryjack · 06-02-2019 11:39am

Intresting tread this is for a family of 2 adults and 4 kids living in rural kerry 2 cars.
Alll DD are about 1200 thats including mortgage 400 and car loan 200 shopping in aldi 600 no child care Costs 50 diesel 50 for the kids pocket money we take out 250 a week cash for ourselves and we might save 400 a month.

uncommon_name · 06-02-2019 1:33pm

Lia_lia wrote: »

That does seem like a lot! Mine is €20 a month. Phone cost about €450 outright. I don't have insurance though.

What plan are you on? My guess is a Pre pay one? Then €20 is about right but you have to pay for the phone in full which is grand if you don't buy the latest and greatest phone which costs about €1000-1200.

Obviously the person paying €60 is on a bill pay contract.
It is €60/month for the only unlimited internet phone plan and probably paying about €150 upfront for the phone instead of approx. €1000 to buy it outright.

Toots · 06-02-2019 1:43pm

holliehobbie wrote: »

That's very expensive for two phones. And you're paying for a landline as well?

Landline comes with the broadband but we never use it. It's 2 phones on the Vodafone €60 per month plan, which includes Spotify premium on one and sky sports on the other.

Wildly Boaring · 06-02-2019 2:35pm

kerryjack wrote: »

Intresting tread this is for a family of 2 adults and 4 kids living in rural kerry 2 cars.
Alll DD are about 1200 thats including mortgage 400 and car loan 200 shopping in aldi 600 no child care Costs 50 diesel 50 for the kids pocket money we take out 250 a week cash for ourselves and we might save 400 a month.

50 diesel a month?

facehugger99 · 06-02-2019 2:43pm

ImARebel wrote: »

I've trimmed off all the fat. Am debating giving up the skyTV (basic package) but given we're at home so much we'd crack up without it

Would you not get Freesat instead?

AFAIK you can use the sky dish and receiver and you get all the major UK channels.

You can get the Irish channels online or through Saorview.

Trigger Happy · 06-02-2019 2:49pm

meeeeh wrote: »

I console myself that we are on tracker anyway. It's almost like bank paying us for to have mortgage with them so there is no point paying it off early.

I think it depends on the duration left and circumstances.
I pay 500 extra off mine a month and have it reduce my monthly rather than reduce the duration.
It works out that for every 500 I over contribute my monthly goes down by about €5 which means that after 8 1/3 years I have my money back in reduced contributions.
And I compound the savings in to extra contributions, 505, 510, 515 etc as each month passes so the savings increase.
This suits me as I prefer to have less of a monthly liability to be able to handle unexpected income deviations etc...might not suit everyone.

ImARebel · 06-02-2019 2:57pm

facehugger99 wrote: »

Would you not get Freesat instead?

AFAIK you can use the sky dish and receiver and you get all the major UK channels.

You can get the Irish channels online or through Saorview.

I'm a complete newb when it comes to all that stuff, I must do a bit of reading

Trigger Happy · 06-02-2019 3:00pm

ImARebel wrote: »

I'm a complete newb when it comes to all that stuff, I must do a bit of reading

Some TVs sold in ireland have a free sat receiver built in. Our samsung tv, bought last october, has it and by connecting up a hard drive we can record etc.
The interface is not as good as with sky/virgin media.

That said, we still pay for a virgin media tv subscription.

ImARebel · 06-02-2019 3:46pm

Trigger Happy wrote: »

Some TVs sold in ireland have a free sat receiver built in. Our samsung tv, bought last october, has it and by connecting up a hard drive we can record etc.
The interface is not as good as with sky/virgin media.

That said, we still pay for a virgin media tv subscription.

Our telly is as old as the hills, doesn't have anyhting like that, we use a chromecast to stream from our phones if needed

kerryjack · 06-02-2019 4:08pm

Wildly Boaring wrote: »

kerryjack wrote: »

Intresting tread this is for a family of 2 adults and 4 kids living in rural kerry 2 cars.
Alll DD are about 1200 thats including mortgage 400 and car loan 200 shopping in aldi 600 no child care Costs 50 diesel 50 for the kids pocket money we take out 250 a week cash for ourselves and we might save 400 a month.

50 diesel a month?

Apologies thats 50 a week and 50 for kids activities a week

Ezra Wibberley · 06-02-2019 4:08pm

Mortgage €613.99
Home Insurance €43.72
Mortgage Protection €15.15
Netflix €14.99
Life Insurance €40.79
Internet €25
Mobile €60
Car Loan €152.33
Pet Insurance €26
DFS Furniture Repayment €75.36
Pension €100 (by direct debit... this excludes the employer pension, but that's not from take home)
Webhosting €12.99
Sky €32
Spotify €14.99
Credit Card €100

And after that it varies depending on what the month needs.... dog food, dog minding, petrol, car tax, car insurance. There are also my wife's loans and expenses as currently a 2 person 1 income household.

When I eventually pay off the credit card, that 100 a month will go to a mortgage overpayment.

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

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