How much are your basic necessary outgoings each year?

15 January 2018

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Martin often suggests you keep three to six months’ worth of basic outgoings as an emergency cash fund if you’re debt-free. So we want to find out how much this is for most people. How much do you spend on necessities in a year – incl rent/mortgage, basic food, energy bills, council tax, water bills, credit card/loan repayments?

Martin often suggests you keep three to six months’ worth of basic outgoings as an emergency cash fund if you’re debt-free. So we want to find out how much this is for most people.

How much do you spend on necessities in a year – incl rent/mortgage, basic food, energy bills, council tax, water bills, credit card/loan repayments?

Results

I’m single (no dependent kids) and I rent (665 votes)

£0 - £2,500/year		36 votes (5%)
£2,501 - £5,000/yr		52 votes (8%)
£5,001 - £10,000/yr		218 votes (33%)
£10,001 - £15,000/yr		198 votes (30%)
£15,001 - £20,000/yr		82 votes (12%)
£20,001 - £30,000/yr		50 votes (8%)
£30,001 - £50,000/yr		22 votes (3%)
£50,000+/yr		7 votes (1%)

I’m single (no dependent kids), don’t own, but don’t pay rent (eg, live with parents) (281 votes)

£0 - £2,500/year		82 votes (29%)
£2,501 - £5,000/yr		78 votes (28%)
£5,001 - £10,000/yr		62 votes (22%)
£10,001 - £15,000/yr		19 votes (7%)
£15,001 - £20,000/yr		17 votes (6%)
£20,001 - £30,000/yr		18 votes (6%)
£30,001 - £50,000/yr		3 votes (1%)
£50,000+/yr		2 votes (1%)

I’m single (no dependent kids) and have mortgage (826 votes)

£0 - £2,500/year		22 votes (3%)
£2,501 - £5,000/yr		33 votes (4%)
£5,001 - £10,000/yr		178 votes (22%)
£10,001 - £15,000/yr		247 votes (30%)
£15,001 - £20,000/yr		148 votes (18%)
£20,001 - £30,000/yr		126 votes (15%)
£30,001 - £50,000/yr		54 votes (7%)
£50,000+/yr		18 votes (2%)

I’m single (no dependent kids) and own house outright (701 votes)

£0 - £2,500/year		40 votes (6%)
£2,501 - £5,000/yr		136 votes (19%)
£5,001 - £10,000/yr		225 votes (32%)
£10,001 - £15,000/yr		139 votes (20%)
£15,001 - £20,000/yr		62 votes (9%)
£20,001 - £30,000/yr		48 votes (7%)
£30,001 - £50,000/yr		37 votes (5%)
£50,000+/yr		14 votes (2%)

I’m in a couple (no dependent kids) and I rent (do combined outgoings) (404 votes)

£0 - £2,500/year		9 votes (2%)
£2,501 - £5,000/yr		22 votes (5%)
£5,001 - £10,000/yr		62 votes (15%)
£10,001 - £15,000/yr		103 votes (25%)
£15,001 - £20,000/yr		87 votes (22%)
£20,001 - £30,000/yr		75 votes (19%)
£30,001 - £50,000/yr		36 votes (9%)
£50,000+/yr		10 votes (2%)

I’m in a couple (no dependent kids), don’t own, but don’t pay rent (do combined outgoings) (77 votes)

£0 - £2,500/year		5 votes (6%)
£2,501 - £5,000/yr		7 votes (9%)
£5,001 - £10,000/yr		14 votes (18%)
£10,001 - £15,000/yr		13 votes (17%)
£15,001 - £20,000/yr		10 votes (13%)
£20,001 - £30,000/yr		16 votes (21%)
£30,001 - £50,000/yr		9 votes (12%)
£50,000+/yr		3 votes (4%)

I’m in a couple (no dependent kids) and have mortgage (do combined outgoings) (1285 votes)

£0 - £2,500/year		11 votes (1%)
£2,501 - £5,000/yr		28 votes (2%)
£5,001 - £10,000/yr		99 votes (8%)
£10,001 - £15,000/yr		266 votes (21%)
£15,001 - £20,000/yr		300 votes (23%)
£20,001 - £30,000/yr		294 votes (23%)
£30,001 - £50,000/yr		184 votes (14%)
£50,000+/yr		103 votes (8%)

I’m in a couple (no dependent kids) and own house outright (do combined outgoings) (1350 votes)

£0 - £2,500/year		32 votes (2%)
£2,501 - £5,000/yr		93 votes (7%)
£5,001 - £10,000/yr		345 votes (26%)
£10,001 - £15,000/yr		309 votes (23%)
£15,001 - £20,000/yr		202 votes (15%)
£20,001 - £30,000/yr		218 votes (16%)
£30,001 - £50,000/yr		109 votes (8%)
£50,000+/yr		42 votes (3%)

I’ve got dependent kids (couple/single) and I rent (do family outgoings) (305 votes)

£0 - £2,500/year		6 votes (2%)
£2,501 - £5,000/yr		14 votes (5%)
£5,001 - £10,000/yr		35 votes (11%)
£10,001 - £15,000/yr		61 votes (20%)
£15,001 - £20,000/yr		76 votes (25%)
£20,001 - £30,000/yr		66 votes (22%)
£30,001 - £50,000/yr		36 votes (12%)
£50,000+/yr		11 votes (4%)

I’ve got dependent kids (couple/single), don’t own, but don’t pay rent (do family outgoings) (52 votes)

£0 - £2,500/year		4 votes (8%)
£2,501 - £5,000/yr		2 votes (4%)
£5,001 - £10,000/yr		11 votes (21%)
£10,001 - £15,000/yr		7 votes (13%)
£15,001 - £20,000/yr		10 votes (19%)
£20,001 - £30,000/yr		7 votes (13%)
£30,001 - £50,000/yr		6 votes (12%)
£50,000+/yr		5 votes (10%)

I’ve got dependent kids (couple/single) and have mortgage (do family outgoings) (2014 votes)

£0 - £2,500/year		25 votes (1%)
£2,501 - £5,000/yr		20 votes (1%)
£5,001 - £10,000/yr		86 votes (4%)
£10,001 - £15,000/yr		286 votes (14%)
£15,001 - £20,000/yr		403 votes (20%)
£20,001 - £30,000/yr		590 votes (29%)
£30,001 - £50,000/yr		421 votes (21%)
£50,000+/yr		183 votes (9%)

I’ve got dependent kids (couple/single) and own house outright (do family outgoings) (516 votes)

£0 - £2,500/year		12 votes (2%)
£2,501 - £5,000/yr		22 votes (4%)
£5,001 - £10,000/yr		92 votes (18%)
£10,001 - £15,000/yr		104 votes (20%)
£15,001 - £20,000/yr		94 votes (18%)
£20,001 - £30,000/yr		108 votes (21%)
£30,001 - £50,000/yr		49 votes (9%)
£50,000+/yr		35 votes (7%)

                   8,476 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.