Author Topic: Where does it all go? We now have the answer!  (Read 3945 times)

The Accidental Mustachian

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Where does it all go? We now have the answer!
« on: August 04, 2015, 05:58:49 AM »
Interesting infographic on what the average UK household spends its £39k ($52k) Income on.

The amount for pension contributions will make you wince!!

http://www.conservativehome.com/highlights/2015/08/how-we-spend-it.html

nereo

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Re: Where does it all go? We now have the answer!
« Reply #1 on: August 04, 2015, 06:42:11 AM »
Seems remarkably like the US and Canada overall.
2.4% savings rate
9.8% transport
15.6% housing
19.8% on national/federal taxes
...and >25% of the budget is disposable income (restaurants, vacations, 'other', household-goods/services, personal care)

~$480USD/mo spent on groceries and alcohol, $275/mo on restaurants
 

WYOGO

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Re: Where does it all go? We now have the answer!
« Reply #2 on: August 04, 2015, 09:51:08 AM »
Mine looks more like this:

77% savings rate
9% total tax burden
9% housing
2% transport

...and 3% of the budget is disposable income (restaurants, vacations, 'other', household-goods/services, personal care)



 

BrandonP

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Re: Where does it all go? We now have the answer!
« Reply #3 on: August 04, 2015, 11:27:14 AM »
Mine currently looks like this after tax:

Rent/Housing: 16%
Transport: 3.5%
Food/disposable income/other expenses: 19%
Savings: 61.5%

Retired To Win

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Re: Where does it all go? We now have the answer!
« Reply #4 on: August 04, 2015, 01:37:10 PM »
Seems remarkably like the US and Canada overall.
2.4% savings rate
9.8% transport
15.6% housing
19.8% on national/federal taxes
...and >25% of the budget is disposable income (restaurants, vacations, 'other', household-goods/services, personal care)

~$480USD/mo spent on groceries and alcohol, $275/mo on restaurants

Upside down priorities.  Or, at least, upside down from a FIRE perspective.  But I don't suppose most folks "out there" would be willing to flip their cash flow percentages to make it 25% savings and 2.4% disposable income.

twojabs

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Re: Where does it all go? We now have the answer!
« Reply #5 on: August 05, 2015, 03:24:56 PM »
 I just downloaded 3 months worth of spend, after tax and pension/workplace sharescheme:

28% savings
17% "household bills"
6% groceries
6% nights out (where we've paid by card, so read as eating out)
3% takeaway/fast food
5% fuel for cars

i've also got irregular spend: 15% on holiday, 14% cash.  Holiday is one-off as we had the balance to pay, and the cash is things like booze on nights out, pennies for lunch, and im not sure what else.

This has actually shocked me somewhat.

BrandonP

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Re: Where does it all go? We now have the answer!
« Reply #6 on: August 05, 2015, 04:05:24 PM »
I just downloaded 3 months worth of spend, after tax and pension/workplace sharescheme:

28% savings
17% "household bills"
6% groceries
6% nights out (where we've paid by card, so read as eating out)
3% takeaway/fast food
5% fuel for cars

i've also got irregular spend: 15% on holiday, 14% cash.  Holiday is one-off as we had the balance to pay, and the cash is things like booze on nights out, pennies for lunch, and im not sure what else.

This has actually shocked me somewhat.

In a good or bad way?

twojabs

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Re: Where does it all go? We now have the answer!
« Reply #7 on: August 05, 2015, 04:44:41 PM »
In a good way I've note got the info, but in a bad way like, wow, such spend on nights out and fast food and cash.

Significantly better on bills, groceries and duel than I thought!