| Comment | So it's roughly £3300 per month assuming 5% pension contribution. I am on similar money (not accounting for my wife part time job) and my monthly fixed costs for family of 3 are:
£1000 mortgage
£250 Council Tax
£150 Utilities
£600 Food plus fun money (family of 3)
£100 Insurance, netflix, phones
£50 Factors
£100 child activities (swimming lessons, gymnastics, karate)
£200 Child care
£100 Petrol
Adds up to approx. £2550. There are also other costs like car insurance, parking permit, car repairs, new tires, service, plane tickets to visit home, clothing, travel insurance and some gadgets. It easily adds to additional £200-300 per month.
Considering that energy bills will be shooting up again, interest rates will be higher in next year - two, I am expecting the costs to rise by £500 in the worst case scenario (£300 mortgage and £200 utilities).
Of course if this is only for yourself that will be much less, probably by £1000 per month or more if you are self disciplined and frugal person.
My work-life balance is actually very good, working 37hrs per week is fine. Will be changing to compressed week soon to have every second Friday off too. |
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