• Question: how much do you spend monthly for living

    Asked by hysea001 to Ruth, Maksim, Luke, Graham on 20 Jun 2014.
    • Photo: Ruth Gregory

      Ruth Gregory answered on 20 Jun 2014:

      I would say for me I bought an expensive house so I pay about £700 a month on bills with my partner paying another £700 however life is what you make it. You can live cheaper than I do and have plenty of money to do the things you want to.

    • Photo: Graham Wiggins

      Graham Wiggins answered on 20 Jun 2014:

      hysea001
      Hi,
      Gross, I get £2000 per month, and this is roughly how I get rid of that cash.
      I get through £1000 a month, most months. that includes food, fuel, the cat, and of course houshold costs.( mortgage, insurance, you name it )
      I could cut £350 off that, by not overpaying the mortgage. ( paying too much , helps pay it off quickly = saving me money long term ) have a look at the effects of “compound interest ” in a maths class to see why I’m doing that.
      so, that leaves me with around £400 per moth to play with 🙂
      the other £500 ? goes in tax / national insurance to pay for things like schools, roads,dustbin emptying, hospitals etc.

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