2020 time to change

EchoB

I will make sure I do!!! I’m very restricted on what I can spend on at the moment, no naughty work lunches or coffees! 

mark55man

I think a lot of us are going to realise the cost of all these things when we don't spend them.  My budget sheet was all over the place - coffees and entertainment practically zero but groceries significantly up!!  Good luck and stay safe

savingholmes

It is good to adapt your budget to changing circumstances. Go for it - if clearing a CC now makes more sense than the OD - just make sure you have a plan in place to resolve it within your given timetable

Savingtomove

We have saved loads on travel but are spending a fortune on food and art supplies for the kids.  Hoping it will calm down a bit this month.  Keep going you have made amazing progress! 
STM x

EchoB

Nothing exciting to report, I’ve spent more than usual on food which is not good for a) my finances or b) my waistline.

18 days until payday. I’m currently in my interest free part but I have a few DD payments left which will take me out of it, but at least I’m not paying higher interest on my CC.

I feel like I’m wishing my life away at the moment, although I have been on a few walks locally (usually I would drive to a beauty spot for a walk) but I’m finding some lovely closer to home areas to walk.

Hope everyone is ok, staying safe and keeping themselves occupied x

savingholmes

We are doing okay. Don't wish your life away. I feel like most of us have been given a fresh opportunity to stop and smell the flowers, be grateful for what we have and make the most of  it.

EchoB

So my lack of EF has been playing on my mind, so I’ve set up a £222 a month standing order to a savings account.  If I don’t touch it I will have £2k in December, however, I have £1k on 0% which expires in August, so I may have to use some to clear this.

I’ve had an unplanned expenditure of £250 so am at £500 OD today which is frustrating. I decided to not put it on a CC to just defer the spend (it was this which spurred me on to starting me EF from this payday). Although if I run out of £ at the end of the month I may use some of mays contribution to tide me over.

looking forward to updating my totals on Thursday.

I am feeling motivated to keep going towards debt freedom.

bd80s

That will be a great emergency fund at that rate  
It a good plan to put it away at the start of the month and if you really need some of it back you can get it  
Keep the motivation going, looking forward to Thursdays update  

mark55man

always a bit of a balancing act - seems like a sound plan.  I believe most OD are free up to £500 under CoVid rules but I'm not quite sure where I heard it from so I would double check

savingholmes

I love that you are setting up an EF. It brings so much peace of mind.