God it's depressing...

moozie_2

K9cuddles wrote:

Omg...don't.. cause it was cheaper to buy in bulk, I got my mum ones for mothers day, she got her mum one.. plus i bought my dad one for his birthday.. AND I've got a spare one in my pressie box.. not sure who deserves it though! :rotfl:

Moozie...true!

YESSSSSS it's true I deserve a Terramundi! :rotfl:
Have just been browsing the Terramundi site and found my perfect one!
perfect moozie terramundi

K9cuddles

haha... very suitable Moozie!!

J baby.. I bought my mum the lilac with the blue wash.. it's lovely (and I'm not keen on that kinda thing!!! and so much better in real life!)



The old man got:



and me to go with my "natural" toned room:



I love them all! :rolleyes:

amosworks

K9cuddles wrote:

I've just looked at "next" months budget (that's after pay day this friday) and what do I see?

Total Income 100%
Necessary Expenses 77%
Discretionary Income 23%
Investment Spending 7%
Discretionary Income less Investments 16%
Discretionary Spending 1%
Amount remaining to save or invest 2%

Do you know who much that 2% is???!!! £25.. wow wee.. a whole £25 to myself.. and those figs don't include petrol for the month!!!! :eek:

Geeze.. it's sad knowing 77% is spent even before you've touched it!!!

Hi k9cuddles,
I mentioned to this to someone else before and a few people noted that they'd not thought about it like this before so maybe this is some help to you also?
Good luck anyhow

amosworks wrote:

Have you heard of the "pay yourself first" strategy? Take your savings off the top of each pay cheque and put it away tightly and the other (less important) people can then take their share (cc's, bills, loans) etc.

If you work for 7 hours each day, why not make sure that the first hour of each day that you work is for YOU and not anybody else. The next few hours are for bills and living expenses etc and the rest is for your debts. Work out your hourly rate, then multiply that by the avg. number of days you work, and transfer that amount to your savings account by S/O before you get to see the rest of the money

BertieMeldrew

moozie wrote:

What do these % represent? I am so confused

Yeh... me too... DOH!

OP... is "necessary" really necessary... provide a breakdown and we'll see if we can offer inspriation

isgman

I wish I had £25 per month for myself... now when I was a lad...
Remember it can only get better...(thats what I am told..)

moozie_2

amosworks wrote:

Hi k9cuddles,
I mentioned to this to someone else before and a few people noted that they'd not thought about it like this before so maybe this is some help to you also?
Good luck anyhow

Hi Amos

I had a play with this and can certainly see the logic of what you are suggesting. At the moment my priority is paying 'me' as little as possible and 'them (my debts) as much as possible. I can't wait for the date where 'them' will be gone and 'me' can get a payrise of around £700 a month! :rotfl:

briona

K9cuddles wrote:

I've just looked at "next" months budget (that's after pay day this friday) and what do I see?

Total Income 100%
Necessary Expenses 77%
Discretionary Income 23%
Investment Spending 7%
Discretionary Income less Investments 16%
Discretionary Spending 1%
Amount remaining to save or invest 2%

Do you know who much that 2% is???!!! £25.. wow wee.. a whole £25 to myself.. and those figs don't include petrol for the month!!!! :eek:

Geeze.. it's sad knowing 77% is spent even before you've touched it!!!

Hi K9

This is a cool thread! I've never looked at my money in terms of percentages before... since I paid off my debts, the breakdown is as follows:

Salary = 100%
21% Rent+Bills
17% Transport [Bus, Train and Driving Lessons!]
15% Discretionary Spending [incl. holidays, xmas/birthdays, clothes, Starbucks, newspapers/magazines etc]
47% Savings*

From your signature, I notice your debt free date is July 2007 – that's not that far away! Having seen how much "necessary spending" you currently have [and I'm sure some of that goes on debt repayment], think how much MORE you'll have to save/invest or keep as discretionary spending once the debt's paid off!

Briona

*used to go towards debt! HUMPH! What a waste!!!

K9cuddles

Briona.. yeah I quiet like using %!! Yeah.. a hooge amount goes on my debt... I really want to stick to my target date (or nearly get bonuses in July!!! ) I know it's for the better but knowing I've got £25 next month to have "fun" is alittle disheartening!!! I do 20 hours OT a month as standard.. I guess I'll have to up the ante!

amosworks

moozie wrote:

Hi Amos

I had a play with this and can certainly see the logic of what you are suggesting. At the moment my priority is paying 'me' as little as possible and 'them (my debts) as much as possible. I can't wait for the date where 'them' will be gone and 'me' can get a payrise of around £700 a month! :rotfl:

That's true, but although you have debts, if you're not paying interest on them I think it's a good idea to have savings in case you need them and delay your DFD by a few months for all that security and peace of mind. Plus your savings are earning interest all that time!