Cost of Living for Family of 3 in UK (NHS Doctor Salary) | Realistic Monthly Expenses in 2024

[@asmaaelakiaby5251]

Just can't figure out how I can spend less on grocery shopping😮 we r a family of 4 and we spend around 800 per month on grocery 😢and around 100£ a month on toys😅 and summer holiday cost around 8000£ in Morocco 😮we r not saving 😢not Investing our mortgage is about the same as yours including the one off pay 10% every year interest free but Council tax is 300 and sim only 50£ a month its very different than your expenses I feel like I m in another country 😮 I m in Oxfordshire

[@SumanPaulDoc]

I live in North west england so things are slightly chepear here. I can certainly help with your mobile bill- A new 30 day plan for £7 providing 10GB data offer - £2.49 for the first 4 months! www.lebara.co.uk/en/msm/p/441187

[@BennyShukla]

You said you regular saving a/c pays 7% interest, which bank is this?

[@SumanPaulDoc]

First direct

[@kirannair7920]

I was wondering why you didn't mention about saving money for Travelling..?

[@HaiderAliUAE]

What salary should be for the head of department and how much salary is good to live with family of 5 2 adults 3 kids . Plz reply

[@SumanPaulDoc]

Head of the department or Clinical Director does not get an additional salary.These activities are adjusted in their job plan.For 5, you will need take home pay of 5-6K per month provided some of the children are in school.

[@RajSingh-lc6bo]

Single adult is Earning 80K GBP (Gross Salary) apporx take home would be 4700 GBP (Monthly), will it be enough for 2 adult and one infant?

[@SumanPaulDoc]

That should be fine.

[@RajSingh-lc6bo]

@@SumanPaulDoc Thanks, how much is 2BHK cost for Rent in London & Outskirt of London Pls, Do you suggest any good place for rent pls?

[@RajSingh-lc6bo]

Would you be able to suggest, pls

[@SumanPaulDoc]

@@RajSingh-lc6bo check out in Rightmove

[@harisht45]

2200£ to 1900£

[@paediatriciandoctorzahidhu8360]

Have u deducted nhs pension ?

[@SumanPaulDoc]

Yes

[@ssshammi]

Hi which year did you buy mortgage at 2.10 percent? I bought for 5% mortgage

[@SumanPaulDoc]

2019

[@ssshammi]

@@SumanPaulDoc ok so in 2025 I'll be paying close to 7.25%

[@SumanPaulDoc]

Rates will go down in 2025

[@medicallyyours2668]

Dr. Suman I recently passed my MRCS Part-A and would like to start my CT1 at UK. I have cleared this exam just after completion of my MBBS kindly guide me through the process

[@SumanPaulDoc]

medsolutionuk.com/services Please book a session to discuss further

[@JahnaviPillela]

Sir can i write mrcp by doing md microbiology

[@SumanPaulDoc]

yes, allowed

[@rahuldeovatsa]

Sir please make a video about how to manage expense and save in UK, when only a single adult in family of 4 is earning. Is it worth to move in UK for salary of 45K GBP?

[@SumanPaulDoc]

I think it will be really difficult to manage 4 persons in this salary.

[@ashlyalexander4108]

Do you pay for term insurance+ critical illness cover?

[@SumanPaulDoc]

I only pay for term insurance.

[@ashlyalexander4108]

@@SumanPaulDoc family one? Or separate for you and your partner? And ideally what would be in ideal cover amount?

[@SumanPaulDoc]

@@ashlyalexander4108 We have separate for me and my wife. The amount must at least cover the house mortage price- It was recommended by mortgage advisor.

[@ashlyalexander4108]

@@SumanPaulDoc thank you for sharing this

[@DrRipple1729]

Hello sir...sir I'm currently pursuing MD respiratory medicine in INDIA...but want to know what all possibilities in fellowships or courses i can have outside INDIA that can be completed in 1-2 years so that i can come back to India and practice here based on resp med MD and the course that I will be doing outside the country..please tell me all the ways I can have (US UK Australia etc) after this MD degree here ..please brief in 3 to 4 lines sir..with pros and cons if possible 🙏and what should I be completing here within this 3yrs so that I can go out there smoothly..like what to do for what respective course or for respective country..please enlighten me sir..

[@SumanPaulDoc]

My experience of European fellowship: kzbin.infoOcC6zmxwkBk?feature=share Please book a 1:1 session to discuss further: medsolutionuk.com/services

[@dipankarchowdhury6368]

Thank you

[@gursimransingh7248]

wow .. well explained . Where do you currently work ? which post ?

[@SumanPaulDoc]

Currently in a career break after CCT. Will start work as a consultant tomorrow

[@SamJenkinsStephenson]

Hi Suman, Is it possible to use Tax Free child care benefits for people in tier 2 visa with annual income above 1 lakh gross income of family?

[@SumanPaulDoc]

ILR is mandatory

[@captain-black-1]

hi sir, you look like mukesh ambani

[@sukhjeevansingh8909]

Nice video Suman. Can I ask what your second job is please?

[@SumanPaulDoc]

I run MRCP courses for studymedic

[@srimantapattnaik8111]

Hi Suman, Very nicely managed . You should be personal financial adviser. Everyone should follow this principle to spend wisely and save maximum until they have enough.. amount to live . In reality you are saving £33,600. Per year. and upto £4500 cash in hand to spend somewhere . Where exactly you invest… interested to know your investment style.

[@SumanPaulDoc]

Thanks for the kind words.I do share my ISA investment on this channel. Here is the latest video: kzbin.info/www/bejne/moPNhmRvebprgdE