"Monthly outgoings" refers to the expenses or costs that occur on a regular basis and need to be paid every month, such as housing rent or mortgage, bills, groceries, transportation, and other necessary expenses. Full definition
It's a good budgeting idea to include your savings in the fixed expenses category, make them a standard monthly outgoing. (financialwellness.org)
To plan your own budget, add up your essential monthly outgoings (you should look at a few recent bank statements to make sure you've included everything) and subtract the total from your take - home pay. (topcreditcardsreviewed.com)
The excess is calculated by taking the total monthly outgoings (bills etc) from the total monthly income, with the ratio stating no more than 40 % of the resulting figure can be committed. (badcreditloanservices.com)