How detailed is your budget and do you keep a spending diary?

lynzpower

atlantis187 wrote: »

Whats the app called mate because im interested in this.

Thanks

its called the spendometer

D1zzy

anna42hmr wrote: »

LOL i have decided to only do the spending diary for a few months any way just to open my eyes up to how much i spend on c%!p that i dont want/need!

It's the £500 a year on cappucinos that's the killer!! (must get shares in coffee shops)

tara747

D1zzy wrote: »

Soooooooooooo glad I'm not married to any of you lot. :eek:
Its bad enough sharing a life with someone who's plotted every gas/elec bill for the last 30+ years, if we'd had too record every receipt as well, I'd a bin long gone

Oh, I only record my spending, not that of OH! If he wanted to do it, fine, but I wouldn't force him. I know how much he saves and that's it. He earns slightly less and has higher outgoings than me (student loan, car, higher pension contributions) so I have more disposable income than him. Mind you, I save most of it so I do pretty well!!!

We pay the bills jointly and everything else is our own to do with as we please. Obviously we are saving towards a deposit so I do expect a degree of financial responsibility from him!! I definitely spend more on clothes etc than he does so it all evens out.

D1zzy wrote: »

It's the £500 a year on cappucinos that's the killer!! (must get shares in coffee shops)

YIKES!!!

SDH

That god i'm not the only one. I keep a predicted spend/actual spend spreadsheet where i document every penny ............
I update it daily - only takes a minute to record the petrol i just bought (or whatever)

anna42hmr

D1zzy wrote: »

It's the £500 a year on cappucinos that's the killer!! (must get shares in coffee shops)

LOL its the bottles of diet coke from the works vending machine that seems to be my killer!!!!! woops better not tell my dentist that lol

ThrowingStonesAtYou

I have a budget to work out how we divide mine and my partners wages, basically we add our net pay together, deduct bills and then work out who needs to transfer money to who so that we have the same amount of spending money (usually she transfers to me as most bills are in my name). Beyond that I allocate £200/300 for spending and the rest goes into savings. I don't track what I use my spending money on, I just stick to the rule that if it runs out I don't spend anything else.

LeeSouthEast

I have just worked out next years budget (Jan-Dec 2010)... for some reason I didn't do financial years with my budgets, but did with everything else.. bit screwy, but there we go.

All worked out to within £2.07 of my income minus any overtime apparently.

Mudd14

lynzpower wrote: »

its called the spendometer

I use iXpensit or something along those lines. It costs £3.99 i think but much better than any others I have tried.

Joe_Bloggs

I do not know what the next unexpected event is going to be in my budget. I hope I have enough money in savings to cope with my lack of clairvoyance .
How well is your budget plan going to cope with the increase in VAT from 15% to 17.5% from after Jan 1st ?
Do retailers jack up prices on the run in to the Christmas buying frenzy ?
J_B.

LeeSouthEast

Can't speak for anyone else obviously, but my 2010 budget is VAT-adjusted.