Disposable Income

limerickman

What's your level of disposable income?

Disposable income is the amount of money that you have left after paying income tax, social security, mortgage/rent,
food bills, utility bills, local taxes.
In other words, the amount of money left in your pocket that you can choose to with as you wish.

The reason I ask is that the media are reporting that despite full employment, despite excellent wages and wage increases,
despite historically high growth in our economy, despite historically low interest rates, people in this country's disposable
income fell by 11%, to 12% of their net (after income tax) income.

The reason disposable income levels have fallen is because of peoples level of indebtedness has risen (car loans, credit card loans,
store card debt, social spending in pubs/restaurants).

What percentage of your net income (net income being income remaining after income tax) is disposable?

I'll start the ball rolling - my disposable income is 42% of my take home pay.

__________________
.."But finally the last thing I’ll say to the people who don’t believe in cycling, the cynics and the sceptics. I'm sorry for you. I’m sorry that you can’t dream big. [I]I'm sorry you don't believe in miracles. You should believe in these athletes, and you should believe in these people. I'll be a fan of the Tour de France for as long as I live. And there are no secrets" - this is a hard sporting event and hard work wins it - Armstrong 2005 TDF
morelike hypocrisy.

jhuskey

It looks like about.......roughly 52%. Of course 52% of nothing is nothing.

__________________
Sobriety is over rated!

limerickman

I meant real money, JH.

not 52% of zero!

__________________
.."But finally the last thing I’ll say to the people who don’t believe in cycling, the cynics and the sceptics. I'm sorry for you. I’m sorry that you can’t dream big. [I]I'm sorry you don't believe in miracles. You should believe in these athletes, and you should believe in these people. I'll be a fan of the Tour de France for as long as I live. And there are no secrets" - this is a hard sporting event and hard work wins it - Armstrong 2005 TDF
morelike hypocrisy.

jhuskey

Yes I know,it is still around 52% but was about 3% at an earlier age.

__________________
Sobriety is over rated!

MountainPro

I get paid monthly, taking that and my own business interests...

its roughly £1,500 per month, after taxes, mortgage, food, clothes and socialising that is.
about 50%, same as JH

the wife is slightly less.

__________________
HARD
.

EoinC

I operate with a Flexible Vortex Family Account - Whatever income there is (I am paid from the US) goes into an account which gets ransacked by my family (This is the Vortex part). The Flexible part refers to how flexible they are in using 100% of what is available - like oil on troubled water, there is a calming USD $0.00 left over, regardless of the waves of fluctuations coming in.
I am truly grateful to them for their overwhelming consistency as it makes budgeting so much simpler.

stevebaby

The concept of "disposable income" does not exist in my household.Shoes,dresses,make-up etc. are regarded as "essential items".
Beer,bikes and boats are regarded as "trivialities and toys" for which I should be pathetically grateful.

__________________
I'm Rooting for Chiara!
Drink!Feck!Arrse!Girls!
bastard

jhuskey

I refer to my original post"52% of nothing is nothing".

__________________
Sobriety is over rated!

stevebaby

It must be "Secret women's business".When the vows are exchanged,I'm sure they are secretly awarded a degree in creative accounting.

__________________
I'm Rooting for Chiara!
Drink!Feck!Arrse!Girls!
bastard

jhuskey

Nah, they are born with the dreaded "shoe genetic syndrome".

__________________
Sobriety is over rated!

ptlwp

Shoot, I am just the accountant, my spouse is the CEO and Chancellor of the Exchequer.....I've got no idea what goes on.

__________________
"All that is necessary for evil to succeed is for good men to do nothing." Sir Edmund Burke

limerickman

Thanfully, I am still allowed to retain fiscal responsibility portfolio in my household.
Otherwise my wife, who suffers from the "I've got nothing to wear" syndrome,
would gladly employ Eoin C's fiscal vortex principle.

__________________
.."But finally the last thing I’ll say to the people who don’t believe in cycling, the cynics and the sceptics. I'm sorry for you. I’m sorry that you can’t dream big. [I]I'm sorry you don't believe in miracles. You should believe in these athletes, and you should believe in these people. I'll be a fan of the Tour de France for as long as I live. And there are no secrets" - this is a hard sporting event and hard work wins it - Armstrong 2005 TDF
morelike hypocrisy.

ptlwp

Have you seen the price of pantyhose these days!!!! They used to be a couple of bucks a pair, now your lucky if you could find a pair of socks for a couple of bucks....

__________________
"All that is necessary for evil to succeed is for good men to do nothing." Sir Edmund Burke

EoinC

My wife and I share fiscal responsibility. I am responsible for the part where the money comes in the door, and she is responsible for the part where it goes out. In addition to allocating expenditure resources to her own corporate departments (Which I don't have access authority to - I'm told there's some kind of mix-up with my name in the IT Dept, but I'm sure it will be fixed soon), she occassionally grants AFE's for expenditures that I have pleaded for. These are usually amortised over an extensive period and are provided via a modern dripfeed system.
I am very fortunate to have her assuming such a thankless task. Her attention to detail is impressive. Without her continuing advice and intruction, I would probably not have known that a diamond is a necessity, not a luxury.