Wheres all my money going :(

imamoneysaver

Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 100 <--- lucky you!!
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 58
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0 <-- never?
Entertainment........................... 50 <-- this is what is probably not right!! at 18 i spent this a week- at least!!!
Holiday................................. 0 <-- never?
Emergency fund.......................... 0 <-- should allow something for this
Total monthly expenses.................. 373


Assets
Cash.................................... 200
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly.. .APR
loan...........................2000......60.05.... .0
Total unsecured debts..........2000......60.05.....-


Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 373
Available for debt repayments........... 927
Monthly UNsecured debt repayments....... 60.05
Amount left after debt repayments....... 866.95

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,000
Net Assets.............................. -1,500



A few comments...

sp1987

Do you eat banknotes or something?

Only kidding...you are certainly letting it disappear somewhere. Do you buy £10s worth of food each time you stop for petrol? I used to when I was 18/19....most of my diet was derived from Texaco!! I think it is just creeping away on little bits every day.

Vow to keep all your receipts for a month so you at least see where anything has gone on the sly. If you are an 18 year old male do you drink litres of coke?

Luckily you have far more coming in than going out so that is reassuring! You just need to find out where you keep losing hundreds before your salary goes up and you misplace even more!

gfplux

hello rictus123,
A spending diary is the first step

gfplux

Had a little problem with previous post.
Start a spending diary TODAY to find out exactly where your money goes. That knowledge will shock you but also give you power.


If you want a spread sheet programme do not buy one. Use the FREE open office. It is used by millions around the world (including me)


http://www.free-download-place.org/openoffice-v2/index.php?source=CCN-CD281-MSN8484UK1-openoffice&msnId=IZB

Good Luck

rictus123

imamoneysaver wrote: »

Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 100 <--- lucky you!!
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 58
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0 <-- never?
Entertainment........................... 50 <-- this is what is probably not right!! at 18 i spent this a week- at least!!!
Holiday................................. 0 <-- never?
Emergency fund.......................... 0 <-- should allow something for this
Total monthly expenses.................. 373


Assets
Cash.................................... 200
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly.. .APR
loan...........................2000......60.05.... .0
Total unsecured debts..........2000......60.05.....-


Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 373
Available for debt repayments........... 927
Monthly UNsecured debt repayments....... 60.05
Amount left after debt repayments....... 866.95

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -2,000
Net Assets.............................. -1,500



A few comments...

Thanks for all the replies. I only pay £100 a month rent as its digs to my mum, this covers electic, food, internet etc. My gf is a fully qualified hairdresser so i dont need to pay for haircuts :P I only go out 1 night a week max and costs are halved with my gf/split with mates so i dont ever spend more than £50 a week now on going out, maybe i used to....Nothing down for holiday as i dont think im going away on holiday until 2011 so il start saving for it when i get my next payrise, July 2010. Then il be saving about £100 a month for 10 months. £1000 will be plenty for this.

So realisticly with these spends and £200 currently banked £2000 at xmas is defo possible in your opinions? Aiming for £2500

angelicmary85

Rictus - maybe if you didn't spend £100's on prezzies for your lovely lady then you'd have some cash! haha!

angelicmary85

rictus123 wrote: »

i dont ever spend more than £50 a week now on going out

That's £200 a month!

rictus123

This is fantastic.

angelicmary85

rictus123 wrote: »

Gfs birthday at the start of this month cost me £67 all in and she was delighted

What about all the stuff you'd said you'd bought her?!

rictus123

Paid for with my Aug ebay money lol