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Wheres all my money going :(

rictus123
rictus123 Posts: 2,560 Forumite
1,000 Posts Combo Breaker Name Dropper
edited 23 January 2012 at 10:59PM in Debt-free wannabe
This is fantastic.
Work in progress...Update coming July 2012.
«13

Comments

  • spiderdijon
    spiderdijon Posts: 84 Forumite
    Have you tried keeping a spending diary?
    My money was disappearing too so I started a simple spreadsheet to log every penny I spent and it has made me realise how much money I spend on food! I no longer think "oh it's only a tenner" I now think "ohh that'll look bad on my spending diary, I'll not buy that". Sounds geeky but it saves you a hell of a lot of money trust me :D
    Good luck :)
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    Hey thanks for the reply, last time i had a LBM i went to get one going but then thought theres no point i wont have time, just every excuse you can think of but not anymore, il defo look into it :) Cheers for the idea.
    Work in progress...Update coming July 2012.
  • theoretica
    theoretica Posts: 12,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 21 September 2009 at 9:01PM
    According to your SOA you should have £866 spare each month, and want to save £750. You could take the £750 out of your account and put it into an easy access savings account at the start of the month and then keep a close eye on your main account to not go overdrawn and embarrass yourself if you need to transfer any money back for spending. Alternatively you have £116 + £50 entertainment + £20 presents to play with each month which is about £40 a week. You could take £40 a week out in cash and make yourself pay for everything except petrol with cash on a when it is gone it is gone basis.
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    edited 23 January 2012 at 10:59PM
    This is fantastic.
    Work in progress...Update coming July 2012.
  • LeeSouthEast
    LeeSouthEast Posts: 3,822 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Heaven forbid you end up in proper debt with money management like that :p

    Keep a spending diary. All will become clear.
    Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
    Do something amazing. GIVE BLOOD.
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    Lol just a few rough sums :P

    Il have to try and find excel and download it then.
    Work in progress...Update coming July 2012.
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    edited 23 January 2012 at 10:59PM
    This is fantastic.
    Work in progress...Update coming July 2012.
  • LeeSouthEast
    LeeSouthEast Posts: 3,822 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Google 'Lifestyle Inflation', then work your !!! off to avoid it.
    Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
    Do something amazing. GIVE BLOOD.
  • irishgirl62
    irishgirl62 Posts: 1,548 Forumite
    no budget for electric?
    I am determined to lose weight!:kisses3:
    Weight loss so far 2 stones 6lbs!! :j:j
  • Horace
    Horace Posts: 14,426 Forumite
    Don't you buy food or clothes? You need to make an allowance for these.
This discussion has been closed.
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