Profits and disposable income

[Rob Cussons]

"bail money if I had any relatives that liked to live outside the law."
Fantastic, thanks David, now that's one expense I hadn't considered  :-)
I realised after I sent it that it was indeed an oversimplification in that
it doesn't take into account reductions in liabilities (e.g. current
mortgage, student loan) that I am required to make and increases in savings
that I may want to / be required to make (e.g. pension contributions).
I'll have more of a think about it...

On Tue, 9 Jun 2015 at 23:23 David Carlson <david.carlson.417 at gmail.com>
wrote:

> On 6/9/2015 3:46 PM, Rob Cussons wrote:
> > Apologies, this may well be a stupid question, but I'm going to ask it
> > anyway!
> >
> > I'm trying to understand what disposable income I have that could be put
> > towards an increased mortgage as part of a new house purchase. The
> simplest
> > way for me to see that, I think, is what is my disposable income month by
> > month. From what I understand, that disposable income is nothing by the
> net
> > profit = income - expenses by month. Please can someone tell me if this
> is
> > correct?
> >
> > Thanks!
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> Sounds like an oversimplification to me.  I would need to consider
> whether I have enough money set aside for savings, unexpected expenses,
> car loan, roof repairs insurance and taxes and possibly bail money if I
> had any relatives that liked to live outside the law.
>
> Outside of Gnucash I would just look at whether my savings account was
> growing more than the minimum that I was comfortable with.
>
> David C
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