My savings

lmcamoes

Hi,

I am trying to save money. In order to achieve that I am reducing my costs.

These are my monthly costs:
Pocket Money 15
School meals 30
Dance school 48
House rent 635
Electricity/gas 59
Council tax 118
Water 47.20
Phone and internet 16.40
tv licensing 12.12
vodafone (2 mobiles) 18
AA 8.81
Car Insurance 40
Car Tax 15
MOT, Servicing 25
Loan (10k) 210
Credit card (4k 0% interest) 200
Grossery, bus, etc 700

Any suggestions where I can save a bit more?

Thank you

savingwannabe

Hello welcome and bless you for posting. I am sure someone that knows what they are doing will give you good advice in a bit.


My advice? Well, I would look at the grocery bill - I am not sure how big your family is but I bet you can get the costs down by going to a cheaper supermarket, dropping a brand and maybe just shopping once a week with a list.


Good luck!:j

lmcamoes

We are a family of 3.
Daughter of 13 years old, Mum and dad.

We are already looking into grocery costs, £700 was last month, includes petrol, supermarket, takeways, bus pass, etc.

lmcamoes

Updating costs list, petrol removed from grocery amount
Pocket Money 15
School meals 30
Dance school 48
House rent 635
Electricity/gas 59
Council tax 118
Water 47.20
Phone and internet 16.40
tv licensing 12.12
vodafone (2 mobiles) 18
AA 8.81
Car Insurance 40
Car Tax 15
MOT, Servicing 25
Loan (10k) 210
Credit card (4k 0% interest) 200
Petrol 125
Grocery 575

I manage to reduce this month:
- Sky TV and Broadband - phoned to cancel Sky TV and they offered broadband for free for 12 months. From £56 went down to £16.40
- AA was £13 due to renewal but after a phone call went down to £8.81
- bus pass was £52 a month now I cycle to work
- House rent was £695, moved house and rent went down to £635
- pack lunch to work - save around £3 a day
- canceled NetFlix - £7
- cancled BT Sport - £13

All these savinss work around £228 a month
That is £2736 per year !!!!!!!!!!!!!!!!

savingwannabe

Really well done. Have you thought of shopping in a cheaper supermarket? You can buy lots of food at v reasonable prices. Also drop a brand if possible. Frugal Queen (one of my heroes) cooks everything from scratch and that saves a lot of money. I shop at As** and it is v cheap. I do buy some processed foods though. There is an ald% and a lid& by me but difficult to get too so I don't bother.

19lottie82

Groceries for 2 adults and a child = £575 a month? Ouch!
I have 2 adults and 2 teens in my house and I think I would struggle to spend half of that.

downloart

Don't worry still better than me

Savings in Eastern Eu country (Bulgaria)

Pocket Money 15
Meals 30
GYM 40
House rent 400
Electricity/gas 290
Water 39
Phone and internet 14
tv licensing 12
vodafone (1 mobile) 12
AA 8.81
Car Insurance 40
Car Tax 49
MOT, Servicing 25
Loan (10k) 210
Credit card (4k 0% interest) 000
Grossery, bus, etc 40

lmcamoes

Thank you all for your support and feedback

My costs updated :-(
Updating costs list, petrol removed from grocery amount

Pocket Money 15
School meals 35
Dance school 48
House rent 635
Electricity/gas 59
Council tax 118
Water 47.20
Phone and internet 16.40
tv licensing 12.12
vodafone (2 mobiles) 18
AA 8.81
Car Insurance 40
Car Tax 15
MOT, Servicing 25
Loan (10k) 210
Credit card (4k 0% interest) 200
Petrol 100
Grocery (and everything else) 700

TOTAL - 2302.53

Need to go down to 2000 per month!

The amount for Grocery is not only for groceries... I haven't managed to split hat item with everything else, like cloths, wife and daughter makeup :-), etc.

By the end of the month I will be able to split those expenses in more detail.

savingwannabe

Well done on sorting out what you have though. You sound v determined. Good on you. I wish you v well in your efforts we are all in the same boat. :j