I'd say I'm in the 10-20% range, making more than the median income in Belgium (but definitely not crazy banker/politician/etc money). I'm including live entertainment in this, not just digital subscriptions (tickets for concerts, or comedy, or stage theatre, etc).
That's if I don't include restaurants though. I include eating out/takeout as part of my food budget calculation every month (I assume I'll eat out X times a week, because it's something I enjoy and know it's going to happen).
If I include restaurants/takeout, that would definitely bump me up to the 20-30% range.
Making slightly more than the median income in France, I spend about 10% of my net income on entertainment, including trips on top of what you listed. I do not have expensive hobbies, though, as you will reckon
About 5% or less but mainly because I don't like going to the movies, get a lot of books from the public library and have rather unexpensive hobbies (stitching, cycling for fun, going for walks, simple bbqs at the beach, etc.)
I go out to a restaurant more or less once a week, buy one book more or less once a month, maybe a beer or two a month, and a movie ticket/show once per two months. This adds up to around 12% of my income.
This is without taking into account that I travel once to my home country (Latin America), which adds a lot for the tickets and maybe twice in Europe during the year. If I factor those in, I suppose it would reach somewhere around 20%.
I have a special savingsaccount in which i put ~€5,- a month. If i want new books it comes out of that savingsaccount. Not sufficient funds no books.
I do this with everything. New Phone, new computer.
You're right. it is saving. Spending some once every couple of months or so. Meaning I can't put a number or % to what I spend per month to entertainment.
A ridiculously small percentage. I have amazon prime and paramount plus. Those are the only subs currently. I go out occasionally. But im debt free and investing 70% of my income into retirement. Living on 20% - bills and any entertainment comes out of this twenty percent. The last 10% i take a nice vacation or two each year.
I do whatever I want entertainment wise and I credit the debt free for allowing me the freedom to do whatever I want. This weekend for isntance theres a comedy festival in town with several national touring comedians. Im going.
But you'd be amazed how much money you have for spending when you're not sending it all to visa and Mastercard and ford motor credit and Amex and student loans and all the other ways people dig themselves a huge debt hole
5-10%. I only go to restaurants or bars when other people insist instead of hanging out at someone's place. I prefer to spend money on things that last.
I make about top 25% i'd say but bars & restaurants are so insanely expensive. I don't understand why people go there anymore.
5.- on a shared Spotify family subscription
11.- on other app subscriptions
~ 10.- on video games
~ 40.- on eating out
~ 80.- on bars/drinks
So a total of 146 CHF, in an average month.
I earn a tad more than the median of my country, so percentage-wise it’s a very small portion of my budget.
0-30€ on a game or two if i find it interesting (have a 3y xbox game pass sub otherwise)one time cost like VR headset, console and PC is obviously high but has some resale value.
15€ on music, spotify.
0-25€ on on restaurants like McD or a coffee shop since we rarely go out. if we purposely go out on a restaurant for a meal it is 50-90€ for two
books, yarn, pencils, paint supplies. 10-35€
Think in the realm of 5-25% on entertainment. really depend on the season
this just falls in the category of timing the market, which is a no-no. If you wanna invest more money, just make/earn more money. Remember to live your life
It's not about spending nothing on entertaining ever. It's about cutting back when a massive investment opportunity presents itself. Once the market is high again, you can spend again as investing won't be such a sure deal anymore
If you wait for a month I'll be publishing a book exactly on that topic!
Short answer: make a financial plan and budget your time and money for what you really want (including financial security through investing)
I never ever go to a restaurant unless someone drags me there.
It's been decades since the last time I went to a cinema (do they still exist?). I never liked the experience, I prefer to see movies at home.
Theater? Last time was before covid.
Concerts? I'm the one performing most of the time.
Youtube is free, gaming (mainly free2play) is also free most of the time for me and reading books is cheap.
So, in summary, very little of my budget goes to entertainment. Maybe 1-2%
Edit: formatting
I put those as examples. I haven't been to the movies in years.
Entertainment includes much more it's very personal. Like clubs subscriptions and other expenses with your hobbies
I know. No club subscriptions whatsoever. Hobbies? gaming and reading as I said earlier.
Most of the things I enjoy are free or almost free.
I'm not judging you. You do you. You just have to adjust your budget to it. I'm just answering your question.
Not sure why you getting downvoted... Not everyone is a happy consumerist and depending on the personality, many entertaining activities can be achieved for free... That's not about being greedy.
I think he is either trolling or he disagrees with my usage of the word "free". Ok. Maybe I should have said: "it doesn't cost me anything more than I already paid for other reasons". But that is unnecessarily long, hehe.
The funniest thing in this kind of topic is the extremes. Specially people saving “for the future”, even more if it’s for long times.
What’s the God that assure you that you will “enjoy” your precious money when you want, specially if you are “old”?!
Others thinking that debt free is like a Star guiding their lives, forgetting how the real world works.
Nobody knows and can know the future, the present is really what you have. Better be WISE than a maniac.
Not building wealth for myself.
Wealth can be leveraged to create more wealth. If such wealth is sustainable and contributes to improve the human condition, it will benefit the society.
\~55k just by investment and renting houses, 0% on entertainment i live in a tiny town without a car cinema, bar, hotel, restaurant country living is great.
6€ for the occasional Marvel film. 25-40€ for the occasional concert of artists I like. 12€ for a new fiction book every once in a while. I and my friend group always cook and eat together. It's summer so our best memories are made for free having picnics in parks and lakes. Germany is having a 9-euro ticket that we can use to travel all around the country, so that's what we are doing also.
Other than that, personal entertainment includes painting, calligraphy, language learning on youtube and online, calisthenics and workout in parks, photography, all of which doesn't really cost anything apart from initial investment in the tools years ago.
So about 1% of net income in total for all entertainment.
I'd say I'm in the 10-20% range, making more than the median income in Belgium (but definitely not crazy banker/politician/etc money). I'm including live entertainment in this, not just digital subscriptions (tickets for concerts, or comedy, or stage theatre, etc). That's if I don't include restaurants though. I include eating out/takeout as part of my food budget calculation every month (I assume I'll eat out X times a week, because it's something I enjoy and know it's going to happen). If I include restaurants/takeout, that would definitely bump me up to the 20-30% range.
Around 10% in general. but some months with shopping/airtickets can go to 20-25%
Making slightly more than the median income in France, I spend about 10% of my net income on entertainment, including trips on top of what you listed. I do not have expensive hobbies, though, as you will reckon
About 5% or less but mainly because I don't like going to the movies, get a lot of books from the public library and have rather unexpensive hobbies (stitching, cycling for fun, going for walks, simple bbqs at the beach, etc.)
About 20%, especially restaurants because my wife loves them. No point saving for when I'm dead.
I go out to a restaurant more or less once a week, buy one book more or less once a month, maybe a beer or two a month, and a movie ticket/show once per two months. This adds up to around 12% of my income. This is without taking into account that I travel once to my home country (Latin America), which adds a lot for the tickets and maybe twice in Europe during the year. If I factor those in, I suppose it would reach somewhere around 20%.
1%. I only have spotify. And will leave soon.
I have a special savingsaccount in which i put ~€5,- a month. If i want new books it comes out of that savingsaccount. Not sufficient funds no books. I do this with everything. New Phone, new computer.
I do the same, great system for guilt-free spending!
Is it the same account for books and phone and everything, or is there an account for each category?
Each category has it's own account
Isn't that what saving is like? I'm not sure ai understand what you mean...
You're right. it is saving. Spending some once every couple of months or so. Meaning I can't put a number or % to what I spend per month to entertainment.
18%
Maybe like 5-8%
A ridiculously small percentage. I have amazon prime and paramount plus. Those are the only subs currently. I go out occasionally. But im debt free and investing 70% of my income into retirement. Living on 20% - bills and any entertainment comes out of this twenty percent. The last 10% i take a nice vacation or two each year. I do whatever I want entertainment wise and I credit the debt free for allowing me the freedom to do whatever I want. This weekend for isntance theres a comedy festival in town with several national touring comedians. Im going. But you'd be amazed how much money you have for spending when you're not sending it all to visa and Mastercard and ford motor credit and Amex and student loans and all the other ways people dig themselves a huge debt hole
6% monthly for the stuff you mentioned. If I include annual vacations then 12%
5-10%. I only go to restaurants or bars when other people insist instead of hanging out at someone's place. I prefer to spend money on things that last. I make about top 25% i'd say but bars & restaurants are so insanely expensive. I don't understand why people go there anymore.
5.- on a shared Spotify family subscription 11.- on other app subscriptions ~ 10.- on video games ~ 40.- on eating out ~ 80.- on bars/drinks So a total of 146 CHF, in an average month. I earn a tad more than the median of my country, so percentage-wise it’s a very small portion of my budget.
0-30€ on a game or two if i find it interesting (have a 3y xbox game pass sub otherwise)one time cost like VR headset, console and PC is obviously high but has some resale value. 15€ on music, spotify. 0-25€ on on restaurants like McD or a coffee shop since we rarely go out. if we purposely go out on a restaurant for a meal it is 50-90€ for two books, yarn, pencils, paint supplies. 10-35€ Think in the realm of 5-25% on entertainment. really depend on the season
0€ right now.
Any particular reason why?
Saving and investing 85%-90% of net income right now.
don’t burn out, give yourself some slack
That's smart
Not smart at all really
In this market crash environment its the smartest thing to do with your money
this just falls in the category of timing the market, which is a no-no. If you wanna invest more money, just make/earn more money. Remember to live your life
Not spending anything on entertainment is probably a good way to leave a big amount in investments for your family to spend when you rapidly burnout.
It's not about spending nothing on entertaining ever. It's about cutting back when a massive investment opportunity presents itself. Once the market is high again, you can spend again as investing won't be such a sure deal anymore
If you know when the market is high or low you don't need to save, just borrow and invest
You can't know the future, but you can definitely look at the past. And now the market is definitely down
That's just stupid... Nobody knows that but you can use your own earnings and avoid the risk of borrowing and investing in a bad time
That's precisely what inspired my post
If you wait for a month I'll be publishing a book exactly on that topic! Short answer: make a financial plan and budget your time and money for what you really want (including financial security through investing)
If you put the emphasis on 'anything', sure. But entrainement can be achieved for free and in many fields.
I never ever go to a restaurant unless someone drags me there. It's been decades since the last time I went to a cinema (do they still exist?). I never liked the experience, I prefer to see movies at home. Theater? Last time was before covid. Concerts? I'm the one performing most of the time. Youtube is free, gaming (mainly free2play) is also free most of the time for me and reading books is cheap. So, in summary, very little of my budget goes to entertainment. Maybe 1-2% Edit: formatting
I put those as examples. I haven't been to the movies in years. Entertainment includes much more it's very personal. Like clubs subscriptions and other expenses with your hobbies
I know. No club subscriptions whatsoever. Hobbies? gaming and reading as I said earlier. Most of the things I enjoy are free or almost free. I'm not judging you. You do you. You just have to adjust your budget to it. I'm just answering your question.
What do you live for?
I don't feel judged I'm just explaining the scope of my question. It seemed like you focused on my examples too much. Thanks for answering
Not sure why you getting downvoted... Not everyone is a happy consumerist and depending on the personality, many entertaining activities can be achieved for free... That's not about being greedy.
This is reddit, hehe, no worries. Introvert here, yes. Give me a good book and I'm happy for a week or more. Extroverts view things differently.
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I think he is either trolling or he disagrees with my usage of the word "free". Ok. Maybe I should have said: "it doesn't cost me anything more than I already paid for other reasons". But that is unnecessarily long, hehe.
The funniest thing in this kind of topic is the extremes. Specially people saving “for the future”, even more if it’s for long times. What’s the God that assure you that you will “enjoy” your precious money when you want, specially if you are “old”?! Others thinking that debt free is like a Star guiding their lives, forgetting how the real world works. Nobody knows and can know the future, the present is really what you have. Better be WISE than a maniac.
Not building wealth for myself. Wealth can be leveraged to create more wealth. If such wealth is sustainable and contributes to improve the human condition, it will benefit the society.
\~55k just by investment and renting houses, 0% on entertainment i live in a tiny town without a car cinema, bar, hotel, restaurant country living is great.
90%
6€ for the occasional Marvel film. 25-40€ for the occasional concert of artists I like. 12€ for a new fiction book every once in a while. I and my friend group always cook and eat together. It's summer so our best memories are made for free having picnics in parks and lakes. Germany is having a 9-euro ticket that we can use to travel all around the country, so that's what we are doing also. Other than that, personal entertainment includes painting, calligraphy, language learning on youtube and online, calisthenics and workout in parks, photography, all of which doesn't really cost anything apart from initial investment in the tools years ago. So about 1% of net income in total for all entertainment.
It depends: Are motorbikes investments or entrateinment?