Here’s a draft:
Title: Is £45k viable in London? Sharing my full budget breakdown – roast me
I’m looking at jobs paying £45-50k in central London, mainly law and accountancy firms. I’m relatively frugal and want to know if this is actually liveable or if I’m kidding myself.
The plan: rent a room within a 30 min tube ride of the centre, bills included, for around £1,050month. I can bike a lot everywhere. 2 days in office.
Here’s my full monthly breakdown on the lower end (£45k, no pension contributions):
|Category |£/month |
|---------------------|------------|
|**Net Take-Home** |**2,993** |
**Fixed Expenses**
|Rent (Bills Included)|1,050 |
| private Student Loan |100 |
|Saving |150 |
|Travel (Tfl) |120 |
|French Lessons |40 |
|Device Loan |24 |
|**Fixed Total** |**1,484** |
**Fluid Expenses**
|Groceries |350 |
|Tennis |75 |
|Gym |35 |
|Eating Out |100 |
|Entertainment |125 |
|Haircut |30 |
|Digital Subs & Phone |30.50 |
|Miscellaneous |16 |
|**Fluid Total** |**761.50** |
|**TOTAL EXPENSES** |**2,245.50**|
|**MONTHLY LEFTOVER** |**+£747.50** |
- Where are the obvious holes in this budget I’m not seeing? I don’t really like to go out drinking to bars too much or clubs or anything like that, I just play sports and go to the gym and all that.
- Any areas/zones you’d recommend looking at for that price range?