Pay day spree..

Kitty777

Hello

I have noticed that on every payday, I end up spending £20-£30 on things I may not really need...almost like a relief because I have been paid.

Does anyone else do this? I feel like I have won the lottery every day I am paid and go a bit mad ><

Million_Percent

Assuming you get paid monthly and fritter away an average of £25 each month then that means you are chucking away £300 a year.

National_Debtline

Hi Kitty

Treating yourself isn't a problem in itself. It's just a matter of making sure that what you spend is in proportion to your means. One person's £250 necklace is someone else's £2.50 vanilla latte.

Does this feel like money you can afford to part with, or are you finding it hard to make ends meet before the next payday comes around?

Regards

Dennis
@natdebtline

moohound

I used to do that, buy wine, pizza and a dvd, and a treat for my son. I think its a common thing to do, so if you are mad you are not alone, I try to not go in a shop on actual payday and the urge seems to have passed by then. I also found shopping at Al*i instead of Sainsbugs really helps as they don't sell X-box games, Lego or Blu-rays and the temptation is not there.

Moneymash

Do you have a personal spends allowance factored in to your budget, if so, then spending on payday shouldn't be a problem. When your allowance is gone, it's gone, no dipping in to other areas.

The only thing about frivolous spending on payday is, there may be something later on in the month you really want or need and you haven't got any money left.

Kitty777

I tend to do this AND have a personal allowence (£20) eek!

It doesn't take me into debt, although this month I was -£14 into my overdraft and had to move some money around.

I was just wondering if anyone had the excitement of this..today I bought food goodies but nothing too big....just some good treats

Moneymash

Kitty777 wrote: »

I was just wondering if anyone had the excitement of this..today I bought food goodies but nothing too big....just some good treats

Hmmm excitement you say, does that mean you are depriving yourself of treats towards the end of the month.

It depends on what type of person you are for getting out of debt and or saving. Some people are happy to be frugal for years, some people don't want to cut back on anything and take on overtime or a second job so they can keep their lifestyle and still pay down debt or save. Some take the scenic route and treat themselves regularly or when there are milestones as they know if they didn't they would splurge and go over the top, when they do spend. It sounds like you are the latter. Knowing and understanding your type is a good thing, don't fight it, well spaced treats will take the excitement out of pay day and save you money.

If you are regularly going overdrawn, then be true to yourself and adjust your personal spends budget to suit.

MadProf

I used to but since following the advice on these boards and budgeting properly (I use YNAB and have a "general spending" category where all my, now limited, frivolous spends go) I'm much more conscientious about what I spend money on and find that I occasionally end up having a NSD-spree on/after payday!