Monday, 3 October 2011

Enterprise Workshop - How much do I need to live on?

During the workshop on 03/10/11 with Bridget, we were to write down as accurately as we could how much we would maybe spend in all aspects of our lives, and to do it based on that we are in August 2013 and just graduated. I wrote down, with all the costs set to how much per year:

Rent £7200
Council Tax £1200
Electricity £1000
Gas £800
Water £500
Maintenance £200
Furniture, etc £500

Supermarket £2000
Corner Shop £350
Lunches £500
Take Aways £250
Eating Out £100
Cafeteria At Work £100

Health Plan £200
Medicine/Remedies £60
Home Contents Insurance £180
Savings £1200
Pension £800
Pet Insurance n/a
Security Systems n/a

Land Line Costs n/a
Mobile Phone £400
TV Licence £145
Satellite/Digital n/a
Internet £120
Gifts, Cards, Etc £500
Club Memberships n/a

Cinema/DVD £50
Alcohol at Home £50
Alcohol Outside £2000
Cigs n/a
Coffee/Snacks £150
Software Music/Downloads £100
Sports/Equipment n/a
Luggage £10
Gigs/Clubs/Etc £100
Parties £100

Cosmetics £120
Clothes & Shoes £250
Toiletries £200
Hairdresser £100

Newspapers/Mags £200
Music/Art/Books £100
Political Expenses n/a
Charitable Donations n/a

Bus n/a
Train £50
Taxis £60
Flights £400

Cost of Vehicle n/a
Tax Disc £65
MOT £40
Petrol £250
Services/Repairs £200
Insurance £600

Holidays All Together £2000

When I add all of these together, I come to a total of £23400. Using the spreadsheet Bridget has provided with on the VLE, I went on and added these amounts into it to then work out how much I would need to earn per year with all the tax and NI I would be paying and what not.

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