6 MONTH SPENDING ASSESSMENT

Hi guys,

We are now halfway through the year, scary times at Ridgemont High!

So although I tend to assess my spending mainly across a tax year, I have also been keeping track of my spending across a more standard January – December 2017 year because why have one spreadsheet when you can have two!

Lets have a look at how I wasted/invested my money in the first half of 2017.

HEALTH = £15.79

GIFTS = £214.64

POSTAGE AND PACKAGING = £26.95

TRAVEL (VISITING) = £42.50

TRAVEL (DAY TO DAY) = £91.10

HOMEWARE = £31.75

SOCIAL = £714.76

DEBT (LIBRARY FINE) = £0.60

WORK EXPENSE = £24.23

BEST FRIEND’S WEDDING = £335

TOTAL 6 MONTH SPENDING = £1497.32

I am also £17.05 over budget on the, ahem, I F***** UP category.

So, £1514.37 is a more accurate total.

BUT, BUT, BUT …..

My total debt repayments this year so far, across my credit cards, overdraft and the money I owe the boy are:

£2094.37

So yes, if I had been doing a true No Spend Year like Michelle McGagh did then I would have nearly doubled my debt repayments, but I certainly wouldn’t have been as happy.

And I think nearly £2100 is good, isn’t it?

I mean, it’s certainly not bad, considering my expenses each month.

So whilst I may have a broken mind that likes to see danger in every situation, at least I have done good on my debts.

 

 

Financial Review of Week 21

Hi everybody!

Sorry for the absence, today is a bumper version of the Financial Review of the Week as it will also include the finalised ‘My Best Friend’s Wedding’ budget spreadsheet.

So here goes:

FOOD AND HOUSEHOLD SHOPPING

Bread, Squash, Pattie £2.75

YEP, That was the only food expense in the house this week.

So that leads me on to the food budget…We ended the month with a total expenditure of £166.44 meaning for the first time ever we were in budget by a good amount…£33.56 to be exact.

Which we spent on a Five Guys meal on Thursday. We know how to live.

 

DISPOSABLE INCOME/DISCRETIONARY SPENDING

TRAVEL (DAY TO DAY)

4 x Bus Tickets to work = £4

Bus ticket to town centre in home town £4.90

SOCIAL

Tea £2.15

Toby Carvery £10

Millionaire Shortbread £1

Uncle Sam’s £7.10

There are three reasons why the boy comes to visit my family with me in my hometown and they are:

  1. Wimpy
  2. Toby Carvery
  3. Uncle Sam’s

2 out of 3 aint bad.

GIFTS

Treats for my Dad and Step Mum £7

TOTAL SPENDING THIS WEEK £36.15

 

AND THE BONUS BUDGET…..

BEST FRIEND’S WEDDING

When I found out my Best Friend was going to get married I predicted that the full costs of everything were going to be around the £500 mark.

Instead the full costs of everything was £335 and here is how the costs broke down:

HEN PARTY (TRAVEL TO, FOOD, DRINKS, ACTIVITY COSTS) £153.75

DRESS AND ACCESSORIES £0 (These were paid for by my friend)

TRAIN FARES (ALL RELATED COSTS) £49.25

PRESENT £100 (I had one of those sealed pots which I had been putting money in for nearly a year, I cashed it in at the start of May and had £90 which I rounded up to £100, to any friend’s reading this I want you to know I will do the same for your wedding/important life event 🙂 )

TAXI’S £8

DRINKS £24 (I had a great time with gin and American Pale Ales that were so local they were brewed on the site of the wedding)

So that was the week that was.

In order to pay back the boy as quick as possible I have got myself into a ‘cash flow’ problem as I now have only £36.16 to spend until next payday, A MONTH AWAY.

Which normally would be plenty but…..

I am going to a football match

We are celebrating the boy’s Dad’s birthday

I have to buy a father’s day present

I am going to a gig

I want to get a close friend a birthday present

Things will be tough, but I’m sure I will survive.

I don’t really have a choice.

 

Financial Review of Week 18

On account of HAVING NO MONEY last week was a but skinny in terms of finances.

FOOD AND HOUSEHOLD SHOPPING

Milk £1.49

Bread, Bananas £2.09

Milk, Sweet Potatoes, Potatoes, Cottage Cheese, Mozzarella, Cucumber, Apples, Bananas £7.07

TOTAL SPENDS = £10.15

DISPOSABLE/DISCRETIONARY SPENDING

SOCIAL

Coffee £2.30

Burger £7

Coke and Beer £4.59

Bus £3

TOTAL SPENDS = £16.89

TOTAL COMBINED SPENDING = £27.04

Today I paid another £50 off my overdraft so it is now HALF what it was at the start of January.

I have paid off over £1000 of my debt this year.

Trouble is my debt to the boy is practically an equal amount, so I am back at square one.

I have decided to temporarily hold back on looking for a weekend job as I don’t think I could cope.

The trouble is my best option is to get a job closer to home so that I can save on the train fare.

I may have to apply for local jobs, after barely any time in my new job.

I have to do something, things are about to get tough, and worse before they get better.

 

Financial Accounts for April 2017

I thought it might be helpful to compare my money in during April, and the money that went out.

MONEY IN

Wages £1206.26

Birthday Money £90

Savings £20

Disposable income allowance £75

Extra Money £23.70

Money for Birthday £100

Money from Savings £295

TOTAL = £1809.96

 

MONEY OUT

Bills £1206.26

Expenses post March Pay Day £26.08

Expenses pre April Pay Day £323.58

Overspend on food budget £41.28

Train Tickets £76.10

Train Ticket £18.30

 

TOTAL MONEY OUT = £1691.60

 

MONEY IN (£1809.96) – MONEY OUT (£1691.60) = £118.36 profit.

 

So once again I seem to be in profit, which is good, but where is the money?

I think it is safe to say I wouldn’t be a very good accountant.

Financial Review of April 2017

Another month has ended. Things are getting very ‘real’ financially for me, so I am going to analyse where I have been making mistakes.

Here is a breakdown of my spending in April 2017.

FOOD AND HOUSEHOLD SHOPPING

TOTAL SPENDS IN APRIL = £241.28

This was £41.28 over budget, which is far from ideal. I am going to do a separate post about the food budget so I will leave that for now.

 

DISPOSABLE AND DISCRETIONARY INCOME SPENDING

SOCIAL

Social spending was an astronomical £210.90 and all I have in the way to offer up as an excuse is that it was my birthday near the end of March. But I wouldn’t say I celebrated it excessively. I did owe the boy money for a ticket to yet another gig, and I did go to ANOTHER gig in April, so maybe no more gigs for a while.

HOMEWARE

Homeware spending was a fairly reasonable £11.75 which consisted of things we did need, and some things we didn’t. I bought a mixing bowl as because I have been getting my bake on a lot recently having one mixing bowl just wasn’t cutting it anymore. I also bought a measuring jug as I broke our one. I also bought a magnetic shopping list, which I guess was style over substance. AND I bought two mason jars with straws and a nice tumbler for my Gin drinks which definitely weren’t needed, but their combined cost was £1.50.

GIFTS

Gifts was a crazy amount, I spent £67.95 in April on things I classified as gifts, but to explain further my sister was doing the London Marathon, and in the past when my brother had competed in a marathon I donated £50 to his charity, so I wanted to do the same for my sister. I also donated money to a work colleague as they are running 4 half marathons this year as they are turning 40, and it is for another good cause. And I was relatively good on a few of the other gifts using vouchers to drive down the costs.

TRAVEL (DAY TO DAY)

£27.20 was spent last month on travelling day to day costs and I have no excuses for it as I did not go anywhere that especially needed to be travelled to, it was just laziness and or a lack of planning that created this cost.

That is nearly £30 that could have gone on my debt or prevented me from being in such a pickle now.

WORK EXPENSE

£4 was spent on milk and other related costs in April, not bad, but then I did start a new job where the tea, coffee and milk are provided. So this cost should cease to exist soon.

TRAVEL (VISITING)

I had to buy my train tickets to go to my Granddad’s 90th birthday in May, which cost me £42.50. Whilst I might have been able to buy the tickets cheaper, I am glad that I am going to spend time with my family soon.

My total DISPOSABLE/DISCRETIONARY SPENDING in April was … £364.30. 

This is too much, and was aided by the fact that it was my birthday and I had received birthday money, so I was able to buy things that I might not have been able to otherwise, such as the train tickets, but this is a HUGE amount of money to be spending when you are doing a NO SPEND YEAR and I think I have lost my way a little bit and may do a strict challenge to sort myself out.

 

 

 

 

Financial Review of … What Week Is This? (It’s 17, Flo)

Hi Everybody,

Well this week the shhhhhh hit the fan and things will have to dramatically change.

But until then let’s have a look at how the little money I had left my wallet this week.

FOOD AND HOUSEHOLD SPENDING

Milk and Bread – £2.68

A big monthly food shop on payday – £91.30

8 x Microwave Rices for the boy’s lunches – £3.92 

Meat Pies for the boy, Chicken Strips, Frozen Sweetcorn and Peas – £7

Bread, Carrots, Cheesecake (you can tell the boy was doing the shopping), Sausages – £5.13

TOTAL SPEND = £110.03 (BUT I have entered a new food budget month)

 

DISPOSABLE/DISCRETIONARY SPENDING

TRAVEL (DAY TO DAY)

Bus Ticket x 2 = £3.20

SOCIAL

Drink £3

Train to Mum x 2 = £6.80

Taxi £5

Tip in Restaurant £1

Breakfast £6.33

Taxi £7.50

Drinks x 2 = £4.40

Baguette £3.49

TOTAL DISCRETIONARY SPENDING = £40.72

TOTAL SPENDING THIS WEEK = £150.75

Yikes.

You can see why I am in trouble 😦

As it is the end of the month tomorrow you will be treated to a monthly review or how my money disappeared in April, and whether my accounts are in check or not.

 

 

It’s a Hard Life…Financial Review of Week 16

Hey guys, it’s that time of the week again.

Things are getting pretty tight and I have overspent on the food budget and need to reign in all spending.

Just a few days to go till payday on Thursday.

FOOD AND HOUSEHOLD SHOPPING

Chocolates, Easter Goodies, Biscuits, Cereal Bars, Hot Cross Buns, Pizzas £11.64

Rolls, Pattie, Lettuce, Cucumber, Carrots £2.79 (but the boy paid for these)

Milk, Potatoes, Bread, Sweet Potatoes, Mozzarella, Cottage Cheese, Bolognese, Bananas £7.46

Poppadoms, Naan Bread, Mango Chutney, Coconut Milk, Toothpaste £4.85

Frozen Peppers, Scampi £3.29

Butter, Pitta Bread, Eggs, Chocolate for the boy £3.70

Pepsi, Chickpeas x 3, Chopped Tomatoes x 3, Turkey Steaks £7.25

Cleansing Wipes, Caster Sugar, Demerara Sugar £3.28

TOTAL HOUSEHOLD SPENDS = £44.26

DISCRETIONARY SPENDING

GIFTS

Chocolates for the Nieces and Nephews £3

Donations to various marathon runners charities £28.90

Easter Egg for Friend £1.25

TRAVEL (DAY TO DAY)

Bus Ticket x 2 = £4.60

SOCIAL

Coffee £2.60

Cocktails £10

Burger, Chips and Diet Coke £14.60

Coke £2.70

Beer £4.50

Bus to see friend £3

Coffee £1.20

Soup and Crisps with friend £4.80

HOMEWARE

2 X Mason Jars £1

Mixing Bowl, Measuring Jug and Glass £5.80

TOTAL DISCRETIONARY SPENDING = £87.95 (YIKES!)

TOTAL SPENDING THIS WEEK = £132.21 (DOUBLE YIKES!!)

My goal till Thursday is to rock up as many No Spend Days as possible and just basically NOT SPEND ANY MONEY.

Especially because my FAVOURITE-BAND-IN-THE-WHOLE-WORLD-SINCE-I-WAS-12 which is QUEEN (and Adam Lambert) are touring and I want to see them live as who knows if there will be any more tours after this one? And the tickets are £80 each and since they aren’t playing in Wales our options are Birmingham or London as the easiest to get to cities that they are playing and I don’t think either would be cheap, we would need overnight accommodation at either place, so it will all be very expensive.

The Boy has said as the tour is in November/December it could be my Christmas present, but I would like to pay my own way where I can.

I would sell an awful lot of my stuff to see them live, so I will look into it.

I have been thinking about doing a MILITANT NO SPEND WEEK or something where I don’t buy anything, not even food where I can help it. Or maybe I allow myself to buy food but do a month instead. So no social life (unless I am creative with it), no travelling, no homeware, no gifts, nothing, nadda, zilch.

I could have mostly bought both tickets for me and the boy this week if I had done that, so it would be worth it.

I shall investigate.