If myself and partner rent a house (say £350 per month) and we split all the bills (inc the rent, gas electric etc) in half, how much money could we survive on that is left over after paying the bills?
2007-10-26 07:13:51 · 13 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
say it came to about £700 altogether and we split that (thats including council tax etc and groceries) but not luxeries such as mony for clothes, how much is a reasonable amount to have left each after this. thanks
2007-10-26 07:20:56 · update #1
say we both earned bout £800 - £900 a month
2007-10-26 07:30:02 · update #2
Dunno. Make a list of groceries and household goods, take it to a local store, and check prices. Figure out what it will cost you to eat for a month on two levels: what you *must* have, and what you *want* to eat. Same for household items: what kind of toilet paper can you settle for, and what kind would you prefer. Get it? Figure it both ways.
Also figure out how much you spend on transportation, doctor visits, entertainment, dining out (including fast-food).
There's often a huge difference between what we *need* to survive and what we *want* to live. Just figure out what you're willing to sacrifice.
Would you prefer to have the best brands of food and household items, but not be able to live in a place of your own (and maybe even set aside money for the future)? Or would you rather live on your own and eat peanut butter & jelly sandwiches and use the scratchy toilet paper?
It's all a matter of priorities.
2007-10-26 07:22:32 · answer #1 · answered by Dinky 3 · 0⤊ 1⤋
It depends on how much you make. I live in the us, and my partner and I rent an apartment for $640 a month, and the energy and internet are separate, but we live well off of $1000 a month. If you are renting a house, remember, bills can get expensive. It depends on how big the house is, and what extras you want. I don't know what the exchange rate is right now off the top of my head, so I can't give you exact numbers. But take into consideration how much you make, if you plan on putting any money into savings, any credit cards you need to pay, and what extras you want (ie, internet, movies, etc.). Good luck!
2007-10-26 14:21:39 · answer #2 · answered by finelineserenity 1 · 0⤊ 1⤋
With rent of around £350, assuming you are relatively careful with your water/electric etc, you should be able to pay the rent, bills etc and possibly even food on one income of around £900. The second income would then be free to spend on whatever you like.
2007-10-29 16:25:52 · answer #3 · answered by heleni 4 · 0⤊ 0⤋
#1 - define 'survive'. Does it mean 'lack of death'?
#2 - If there is $ left over......is any of it required to ensure that next month that $ will come in again (i.e. fuel for a car)
#3 - How much do both make? What other expenses are required? (insurance, car upkeep, clothing, food, medicines etc.)
#4 - We have to know 2 things in addition to the housing expenses. How much you two bring in and how much you need in addition to those housing expenses.
Surviving for my lifestyle is very different than what your survival may be. I dont care for top ramen and soup kitchens. A good Rib eye and fresh produce, toilet paper and HD TV, internet etc.... is necessary in my budget but certainly not required to 'survive'.
The only thing I need to survive after living expenses is my medication, food, water and a change of clothes every once in a while. Bar of soap and tooth brush wouldn't hurt but I wouldn't die if I didnt have it.
UPDATE
Technically you need to determine your expense required to continue bringing in your income. If you are on a fixed income whereby you do not work for it then of course your expenses are limited as opposed to someone who needs to look business like and drive a car to their job. (tooth paste, make up, shoes, soap, shampoo,. That would be expense #1 - income producing expense.
The next expenses would be to keep you alive. Medicine and food. ( you say this is covered)
Next would be legal necessities..if you are required by law to have certain things like insurance if you drive.
Next would be lifestyle necessities....... chocolate, a vaccume, a ticket to a movie.
I really depends on you. The more you bring in income, the better your style of survival can be. You need to define what your existance should be for your comfort level...........add all the expenses to ensure it on a monthly basis and you will know for yourself if you can achieve it on this arrangement.
A word to the wise....You will need to be prepared to handle it yourself should your partner not come through on their end........Survival is not possible if you must entrust someone else implicitately for your survival. Self Reliance is key to true survival. Including others should be looked at as a choice not necessity as most of these arrangements are doomed to fail. Good Luck
Cheers and Happy Friday
2007-10-26 14:26:30 · answer #4 · answered by Anonymous · 0⤊ 2⤋
I would keep at least £2000k a week just incase any maintence is required urgently example for a boiler
2007-10-27 10:24:39 · answer #5 · answered by littlemissgio 3 · 0⤊ 0⤋
well it all depends on how much money the both of you bring in a month and how much you bills add up to.
2007-10-26 14:18:26 · answer #6 · answered by Anonymous · 1⤊ 1⤋
Zero, after you pay all the bills you don't need any more money!
2007-10-26 14:17:39 · answer #7 · answered by Vendetta 2 · 0⤊ 1⤋
do you have a cell phone?
do you have transportation costs?
do you always eat at home?
what about insurance?
did you take cable tv into account and internet access.
toilet paper and shampoo? do you have furniture? dishes?
2007-10-26 14:17:24 · answer #8 · answered by Sufi 7 · 1⤊ 1⤋
Depends how much you both earn.
2007-10-26 14:21:09 · answer #9 · answered by richard_beckham2001 7 · 1⤊ 1⤋
Its impossible to tell because you didn't mention how much income is coming in.
2007-10-26 14:17:03 · answer #10 · answered by *Cara* 7 · 2⤊ 1⤋