Financial Review of Week 4

Hi everyone,

Another week has passed, and I really hope I don’t spend any more as this week has been a wee bit spend-tastic (I will be the first to admit I sometimes take liberties with the English Language)

SOCIAL

Meal out with the boyfriend £15

Costume accessories for Friend’s Hen Party £4 

I debated long and hard about what category this would fall into and decided that as I am hardly likely to wear a pink glittery cowboy hat and a necklace with a shot glass attached in day to day life (unless I start working in the new Coyote Ugly bar in town) these items are for a very specific social event and that’s why I am classing them as such.

Ticket to see a Comedian in May £13.20

TRAVEL

Bus £1. I feel really annoyed about this. I was running a bit late for work anyway on Thursday and then halfway to the station realised I had left my football kit at home, so had to go back and then get the bus to town centre. The expense is definitely preferable to being late for work but still.

WORK EXPENSE

Milk £0.65

FOOD/GROCERY

Tinned Chilli for the boyfriend £1

Milk, Carrots and Bread £2.79

Big monthly food shop £48.28

Bread and Margarine £2.19

Fajita Mix, Rice, Naan, Poppadom, Cous Cous £10.54

Sponges, Listerine, Ibuprofen £5.28

Frozen Food £9.29

Orange Juice, Fruit and Veg, Cleaning Supplies £6.05

Milk, Bread, a danish pastry for me and a chocolate croissant for the boy £4.13

Although this week has involved a lot of spending it has all been either essential or budgeted for expenses, so I don’t feel too bad about it. I just prefer to keep money in my account/purse for as long as possible.

I made £3 this week in an online survey, £3 in an Amazon voucher through a receipt app I’ve got (Receipt Hog) and cashed out £5.40 on another shopping app (Checkout Smart). So I am making small bits of money.

It feels great to have a slightly reduced overdraft. Can’t wait till it is paid off.

I wish you all a pleasant Sunday.

 

A full assessment of my monthly income

Hi everyone,

Well as you know today was payday, wooo to the hoooo!

I have decided to show the full extent of my finances by comparing my income versus my outgoings.

So here goes:

FEBRUARY 2017

INCOME

(After student loan repayments, pension contribution, taxes and national insurance)

£1206.26

OUTGOINGS

Paying back boyfriend for Dr Who Ticket £12.80

Credit Card A £20.97 

Credit Card L £20

Credit Card N £10.40

Bank Charges £15.04

Paying back overdraft £100

Credit Card T £30

Phone Contract £21.49

Broadband £26.17

Gas and Electricity £54

Train Season Ticket £292.30

Rent and Council Tax £198.42

Savings £20

Food/Grocery/Household Shopping £200

Water Bill Payment £19.15

Football Training £12

Football Training Transport Costs £15.60

Membership £3.92

Work Expenses, Gifts, Travel (Day to Day), Travel (Visiting), Home, Social, Health, Postage and Packaging and Clothing Maintenance = £100 (in total)

£1172.26

Remaining = £35

So after everything has been taken out and accounted for I am left with £35 for miscellaneous spending.

As long as I have food and shelter accounted for then I will be fine.

To be in profit after all the bills (some more fun then others) have been taken out is a great feeling.

I am happy. I don’t have room for error, I notice if as little as 1p is missing from my purse, but I have ‘surplus’ money each month. I’m prioritising my debts, things will be fine. I hope.

Financial Review of Week 3

Hi everybody, it is time again for a weekly review:

I have to quickly add some expenses that occurred last Sunday after I posted a review, and they were:

SUNDAY

SOCIAL

£3.10 Coffee and small cake with Boyfriend

£3 Chips with boyfriend and two other friends whilst watching a WWE British Wrestling tournament.

On to this week:

SOCIAL

£1.95 Coffee with Coffee buddy at work (work has a coffee buddy scheme where you get paired up randomly with another member of staff each month and you meet and get to know each other)

£44.45 Weekend with Brother

£24.50 Finally paying for the ticket to see Stewart Lee in March that my Boyfriend bought ages ago.

WORK EXPENSE

£1.10 Milk

GIFT

£1 Card for Mother’s day

TOTAL

£79.10 An expensive week that hopefully won’t be repeated all too often. Does include the Sunday expenses though.

On to the food budget expenses:

My boyfriend had this week off as annual leave from work, so he was in charge of picking up the groceries, which is probably why I had to increase the budget 🙂

FOOD

£7.19 Milk, Orange Juice, Bread, Crisps, Chocolate Bars, Pasty and Baguette.

£0.95 Bleach

£1 Broccoli

£1.50 Listerine

£2.80 Coffee

£2.63 3 packets of cous cous, pilau rice, Fajita Mix sachet and tortilla wraps.

£0.99 Profiteroles and Milk

£4.89 Cereal Bars, Potatoes, Sweet Potatoes, Cucumber and Face Scrub.

TOTAL

£21.95

Today was my 7th No Spend Day (NSD) of the month. I hope to reach double digits before February.

I transferred £10 surplus money into my savings account today, that leaves me with £13.50 until payday, which is the 27th.

I have one guaranteed expense before payday of my train fare to Football which is £3.90.

I will have to buy milk at some point this week for work, and my boyfriend and I may go to a Jazz club on Tuesday to see a friend’s dad play with his band.

It will be a squeeze but can be achieved.

 

 

I am doing better than the national average person

Hi everyone,

I have been awake for about 45 minutes and in that time I have learned something of value to a person in my situation.

According to a new report by the TUC, full details of which can be found here the average household unsecured debt in the UK is £12,887.

So my debt of £5996.12 isn’t looking so bad.

That is until I realised that a household normally contains more than one person when taking debts into account, so I am actually doing my fair share of the debt.

And as my boyfriend has no debt I am the household debt in our house.

Oh dear!

I am for the most part managing, I have a very small disposable income (which isn’t really a disposable income as all of it is budgeted for) which I can cope with as all my other expenses-bills, food, football training-are covered, so I don’t really need a disposable income.

But I do live pay day to pay day, I have no savings, and my contract at work ends this April.

So as long as everything stays the same I will survive.

If things change for the worse then that is when life will get very difficult.

I know my debt may seem smaller than some, some people may have £6000 debt on just one of their credit cards, but for me it is very much proportional to my income. It is a third of my annual pre tax, pension and student loan income, so it is difficult to pay off quickly.

Also my income is going to take a hit as I was under the impression that I was paying into my pension at work from the start of my contract, it turns out it only comes out of my wage after three months of employment.

This will be tough and I may have to readjust the budgets.

I’ll cross that bridge when I come to it.

 

Adventures Close to Home

I have finally learned how to shop well.

All because I nearly undid my 6 days of good work.

I was food shopping, just a few essentials, when I went into Iceland (cheapest place for frozen veg based on price per gram-I work this stuff out) and saw a shelf full of Wok’s.

I could do with a wok, so I had a look, and the offer was buy three Uncle Ben’s products and get a free wok.

Good deal surely.

So I had a look at the products available. I can take or leave Uncle Ben’s, and I would never spend £1.70 on a packet of microwaveable rice when it is 50p down the road in Home Bargains, but there were some nice little rice and curry pots (vegetarian as well) for £1 each. That was only a spend of £3 for food and a wok, great deal.

But then I put them all back, because the rice pots were probably full of fat and sugar, because the wok looked cheap and nasty and I have been down that road with wok’s before and I want a good one when I next get one, and also because I was considering asking for a wok for Christmas and I didn’t because me and my Boyfriend do not need a wok on account of my boyfriend not liking stir fry or curry.

Yes I’m sure a wok is more versatile then that, but space is a premium in our kitchen on account of me having every kitchen gadget under the sun, most of which have been used once, or less!

It would have only been £3, it would have been nice, but I’m glad I didn’t buy it.

Anyway it’s my birthday in a few months, I can always ask for one then.

I still did my usual looking down every aisle for a good deal, or something magical and exciting (do such things exist in Tesco?) but in the end I left with just the items on my list.

SPENDS

ICELAND – Frozen Chopped Onions – £1.29

TESCO – Milk, Orange Juice, Bread, Cucumber, Parsnips and Bananas – £4.34

All from the food budget.