![]() ![]() With your expenses list completed, you now both have a full picture of your monthly outgoings. These are the places you should be setting your priorities and monthly saving goals. As a couple, you’ll have discussed your future ambitions, like taking that sabbatical, starting your own business, or upsizing to a bigger property. Now you’ve been honest about your spending, it’s time to list your saving goals. Holidays-Stay-cations, city breaks or 5-star getaways.Leisure and Entertainment-Meals out, music gigs, trips to the theatre and cinema, etc.Clothing-designer labels, fast fashion, or sustainable brands.Once you have the necessities covered, think about your hobbies and shopping habits: Utilities and taxes-local taxes, water and electricity bills etc. ![]() Transportation-train season tickets or car expenses.The necessary living expenses take priority and will account for the vast majority of costs. No matter what lifestyle you’re used to, we all have our basic necessities, our creature comforts, and our future goals to save for. Once you’re clear on your outgoings, you can break these down into manageable categories. And be honest with yourself-that ‘essential’ Monday latte still counts! Make sure you include everything, regardless of how small it may seem. A great tip is to keep track of your spending for a month or two, noting down purchases, going through bank statements and keeping receipts, so you have a record of exactly where your money is going. Start by writing down a list of your household expenses, which you can then use to forecast an estimate of mutual outgoings. The average monthly expenses will vary from couple to couple, especially if you have children and pets to factor in. Now you’re paired up, you have to consider your partners spending habits. Solo living means you doing you-whether you’re a careful budgeter or like to splash the cash, the emphasis is on suiting yourself. Write down a household monthly expenses list ![]()
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