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All figures based on post-tax income, not inclusive of bonus (only base)
Rent: 33% Food: 5% Fun: 10-15% Travel: 5% Savings: rest
Same as mxc, it's based on post-tax income excluding bonus. Bonus mostly goes to holidays, savings and any big expense I might have like car etc.
Rent: 15% (outside of London, excluding bills) Cost of ownership car (all): 8% Food: 4% Train/dlr/tube: 2% petrol/gas: 1,5% wardrobe (all): 5% gym/nutrition/sports: 1-2% flights, trips, weekends: 5% (outside of holidays) phone/gadgets/electronics: 2-3% rest: savings & investment, gf, family, friends
based on post-tax income, excluding bonus, share options, further gratifications and only for 1 source of income because OP's question is based on that.
Thanks guys!
Wow, I'm suprised that one is still able to save such a large portion of the salary. That was my biggest concern about working in an expensive city like London.
Keep your breakdowns coming though.
What the hell do you people eat? 5% of total base?
Food (at least quality brands and good standard) is very expensive in the UK, especially if you like lean meat/protein.
I wouldn't touch the watered down, genetically modified stuff which comes in all forms.
@OP: it really depends on your salary, your standard of living and also how much you are willing to "give up" (ie are you in London for 1 year or in the long run etc). what I have listed is really all I spend, the bare minimum. I don't go shopping or buy stuff I don't need, don't even own a TV (I am never at home anyway).
There are lots of things were you can save but also many aspects were you will inevitably waste money (ie my annual parking fees alone exceed 2K GBP). I also never understood why there is a "council tax".
I thought food would be a higher percentage of your income
You must be making a lot of money...
Aren't the base salaries like 45k? Just over 2000 pounds for a year's worth of food sounds a bit...i don't know
True for analyst salary but nobody said we are all analysts. Plus, I can often expense my food bills as late dinners, team lunches etc. which helps a lot.
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