Biggest Monthly Expense

[TwigtheWonderkid]

Following on from the "Burn Rate" thread, I'm interested, if anyone feels like sharing, what your biggest monthly expense is.

Mine, £320/month council tax, for 10 months a year. Feb & March, when I don't pay, coincide with car insurance and road tax, which comes to pretty much the same amount.

I don't have horses, and we are mortgage free, but we do have a kitten incoming in a couple of weeks. Hopefully will be cheaper than horses.

[Sheets Tabuer]

Mine is definitely my 11 year old girl followed by my mortgage at around £500 a month.

[FlyingPanda]

Mine is my pension contributions, but not sure you’d term that as an ‘expense’ though.

I’m never sure what asking a question like this achieves though, as you’ll inevitably get someone saying £15,000 on their helicopter and someone else saying £4.50 for their library card.

What will you learn?

[WH16]

Mortgage, currently 33% of my net. Car payments approx. 8%, rising to 11% soon. 10% council tax, electricity, heating oil etc.

[mart 63]

Holidays, around £1000/month, a lot more this year.

[the-norseman]

Mortgage £1088 (1.49% till 2028)

[Edible Roadkill]

Council tax

[andrew-6xade]

Mortgage, 13% of our net wage.

[kiethton]

IO mortgage @ £1800pm
Nursery - 3 days @ £1070pm
Car - £785pm

[sawman]

Paying for my lads student digs in edinburgh £1000

[Malcolm E Boo]

Council Tax and Gas & Electric bills are about the same each month

[LeoSayer]

I suppose it's income tax although it's deducted at source.

[stemll]

sawman said:

Paying for my lads student digs in edinburgh £1000

Same for me but not Edinburgh and only £700. £830 from September as he's going into a studio rather than sharing with 3 randoms (who rebooked next year with someone else as "we thought you wouldn't want to"). They were right as they are dirty fkers but they are still tts.

Edited by stemll on Monday 9th February 00:04

[PM3]

Malcolm E Boo said:

Council Tax and Gas & Electric bills are about the same each month

Same here ....

[Senex]

Food...by a mile.

No mortgage. No car payments. No debts.

Usual utility bills, but food beats them all.

There was someone on here a couple of weeks ago who claimed he fed a family of three on £30 a week.

Not with my lot he flipping wouldn't.

[Chris Type R]

- Pension Contributions (doesn't really count as it's paid from my company and treated as an expense).
- Mortgage (if making overpayments)
- Tax (Income, NI, dividend)
- Mortgage (if not making overpayments)

The normal stuff,
- Food (100-140 per week)
- Holiday (1 week a year )
- Council Tax (which is close to above)

We're electric/gas neutral now, I work from home, state school. Everything else seems to be low key.

Edited by Chris Type R on Sunday 8th February 23:30

[Mad Maximus]

TwigtheWonderkid said:

Following on from the "Burn Rate" thread, I'm interested, if anyone feels like sharing, what your biggest monthly expense is.

Mine, £320/month council tax, for 10 months a year. Feb & March, when I don't pay, coincide with car insurance and road tax, which comes to pretty much the same amount.

I don't have horses, and we are mortgage free, but we do have a kitten incoming in a couple of weeks. Hopefully will be cheaper than horses.

Food by quite a margin but I don’t dare work it out right now. 6 of us. 2 teens a 7 year old and a hungry toddler mean we go through a serious amount of snap.

[Jamescrs]

Mine is my Mortgage by quite a margin but i'm pushing hard to get it paid off within the next 10 years

[Gary29]

Mortgage is only slightly more than my council tax, so they are the two biggest. 5% increase incoming on this years Council tax if the rumour mill is to be believed.

[ikarl]

mart 63 said:

Holidays, around £1000/month, a lot more this year.

I can appreciate this.