2012 Frugal Living Challenge (Part 1)

quintwins

i'm gonna join you all aswell my budget looks like this

rent- £6360
elec and oil- £1800
food-2400
desil- 1560
t.v £145
phonebill/sky/broadband- £792
gifts -£600
clothes-£300

thats comes to a massive £13,957,it's scary when you see it like that but our income is £23,004 so it's not so scary, i'm gonna set my budget at £14,500


i feel like i've forgotten something i don't have any other car costs because it's a company car (it's a family business it's our car but they bought it and pay tax and insurance and mot and servicing ect worst we ever do is top up the oil). i don't pay council tax as it's rates over here and my landlord pays them and we don't have water tax

so if u could put quintwins on the list please

silverfox13865

silverfox13865 please add me too

natnat13

When doing budgets the easiest thing is to go down through your bank statement then you can see all your DDs, SOs and payments, don't forget things like water, car maintenance, breakdown, phone costs and any insurances (house, life etc) Sorry that was meant to be helpful, hope I don't sound bossy!!!

Nice to see you CW18, sounds like you have lots of plans in the pipeline, good luck hun x x

cw18

natnat13 wrote: »

Nice to see you CW18, sounds like you have lots of plans in the pipeline, good luck hun x x

Just got to get off my backside and get stuck into them now :rotfl:

Mind, I've made a start this morning..... backlog of pots has been washed, and I've just finished cleaning the hob, the tiles behind it, and the doors on the cupboards around it. Giving myself a 10 minute break, then I'm back in there to clear off the worksurfaces alongside it..... and that could take a while

fruityslh

OK worked out my budgets which I hope are sustainable - as I've joined the pay all debt by xmas12 thread - I really need to focus on my day to day living expenses. So I have budgeted 57% of our income on budgeted outgoings such as mortgage, bills. etc, 14% on savings for xmas / emergencies / holiday/days outs and all insurances and car bills(paid yearly not monthly), 1% contigency on monthly spending leaving 28% to repay debt. Will watch this thread with interest for ideas.

Buffythedebtslayer

A very rough budget

Item Month year

Rent - 750, 9000

House extra savings - 100, 1200

Petrol - 120, 1440 (OUCH)

Shopping(weekly shop for me and the pets plus occasional clothes) - 200, 2400

Going out(including haircuts) - 200 2400

Birthdays, pets, union, 100, 1200


750 in rent and 720 in spends.

1470 a month.
hmmm that leaves with me 540 to save each month. not enough, am supposed to be saving for a deposit. it is a start I guess!

I do have my second job but am considering giving it up as it is adding to the stress of life at the moment. I don't want to give it up as I enjoy but for now will not include it in the budget.

In general since it is a 11.30 I should get a shift on.

xxxx

short_bird

cw18 wrote: »

So the plan was to get seriously stuck into that in the hope I'd be well done by Easter (suspect I'll have to go through everything several times, getting rid of more on each cycle until it becomes manageable)

You get a different perspective on your stuff as it thins out; some things that you couldn't think of parting with get a bit more space and a bit more light and, eventually, you think why the heck am I hanging on to that?:D

rictus123

Hope once I move out I don't clutter the place up and have to sell it all for half the price a year or 2 later. Hoping from now on only debt is mortgages.

Nikadi

May I be added please?

I'm working on my budget in great detail at the moment, but it's already coming up over £8000 in spending over the course of a year (and that's paying only £225 a month rent!) O_O Scary stuff. I'll be picking at it tonight to work out where it can be chipped from

but then that budget includes my very expensive car insurance, public transport costs and various work-related costs (insurance, business insurance on my car, ofsted registration, work associations, courses, etc) which easily reach half of that figure alone

Frugaldom

Frugaldom wrote: »

THE 2012 CHALLENGER LIST

Slowlyfading has kindly offered to help run this challenge for 2012.

Please post your username if you would like it added to this list for the new challenge.

2wildthing2
Alisean221
Amber03
Angelaf
Anouchka
Aril
Asiacat
Ayeshalush
Buffythedebtslayer
Catslovelycats
CheapsKate
Cheerfulness4
Chika
Chipps
Choc-addict
ClaireT13
ClootiesMum
Cocoribbon
CW18
Davidjmclare
Dazzler123
DeepIn
Determined New MS
DizzyBee
DizzyLizzie
Doom_and_Gloom
Fairyclicks
Findingmyfeet
Flip1
Flourgirl
Flying_Fresian
Frugaldom
FrankieM
Fruityslh
GinTotMelinda
Glen
GrainneOK
HelenPie
Hiddenidentity
Icontinuetodream
JammyDodger
Jcst104
JIL
Karismatik
Kerry Woman
Knithappens
Lingojingo
Little Miss Kirsten
Deleted_User
Mama
Mcjordi
Mishmogs
Munchin
NannyGladys
Natlie
Natnat13
Nikadi
NotSuchaSmugMarriedNow
Pauper1
Phoenix_Dragon
PinotGrigio41
Poorbutrich
Prepareathome
Purpleorchid
Purpleruby
Quintwins
Rictus123
Risingfromtheashes
Saavybunny2009
Sandrascarlett
SeriouslyFrugal
Shellgsxr
Silaren
Silverfox13865
Slowlyfading
Stitching Witch
Strandedinaber
SusieWa
SuziTiger
The_cat
The frugal frog
Thrawn frugal lassie
Tink1981
TravelDolly
Tumptyteapot
Youngmummy

This is the challenger list to date. Let me know if your name is missing.

Welcome to Nikadi, Anouchka, Alisean221, Davinmclare, Hiddenidentity, Pauper1, Quintwins, Silverfox13865, Findingmyfeet, Rictus123 and CW18.

I have added the link to the coupons thread to handy links

CW18, good luck with your new bloke and the marathon - well done on that! I'm guessing any thoughts of heading to (less than) sunny Scotland for your downsizing will be off the cards for now.