2008 - Live on £4000 for a full year.

Penny2myName

Have decided to include my WoW payment into this years budget, also decided to do my week up till yesterday (blame that spending dairy site) so for last week my totals are as follows
Bills £10.95
Clothing £8.00
Entertainment £25.17
Food £17.65
Total £61.77

The conclusion of week 1:
Initial amount to spend = £4000 over 366 days, average £76.50 per week
New balance = £3938.23 over 360 days, average £76.57 per week:j mine is raising.

mini_huny_money

notanothergreyhair wrote: »

NSD for me which means I have had a NSW

:rotfl: I misread NSW (which after re reading, I reckon means No Spend Week ) as a NSW.........No swear week !!!!!!

If I had a No Spend Week, Id def be having a no swear week!!!!

Frugaldom

Penny2myName wrote: »

Have decided to include my WoW payment into this years budget, also decided to do my week up till yesterday (blame that spending dairy site) so for last week my totals are as follows
Bills £10.95
Clothing £8.00
Entertainment £25.17
Food £17.65
Total £61.77

The conclusion of week 1:
Initial amount to spend = £4000 over 366 days, average £76.50 per week
New balance = £3938.23 over 360 days, average £76.57 per week:j mine is raising.

I was just a bit confused by the entertainment and WoW payments... what's WoW? Wombles of Wimbledon? World of Wildlife? Wonders of Websites? With or Without? Me not know what WoW means, sorry :rotfl:

debrag

nykmedia wrote: »

I was just a bit confused by the entertainment and WoW payments... what's WoW? Wombles of Wimbledon? World of Wildlife? Wonders of Websites? With or Without? Me not know what WoW means, sorry :rotfl:

You forgot 'World of Warcraft' lol

Could be CDWOW

Jay1_2

I'm starting this from tomorrow (I've only just registered and can't remember what I've spent so far this year so it seems easiest). Miss out an entire week so by my sums (could be wrong) thats £3923 for the year.

I'm going to count my rent and mortgage etc (shared ownership) and car costs as essentials not to be counted - I do use the car occasionally for just me rather than work but I wouldn't have it if it wasn't that I had to for work so... So in return the water and electricity bills WILL be found from the £3923. :eek:

I'm hoping it won't be too bad as I only have myself to buy for. The money I earn and don't spend will be put toward decorating my new flat and overpaying on my mortgage :A

Frugaldom

Hi Jay1, welcome to money madness and mayhem! Glad you are joining us here. The www.spendingdiary.com site is excellent for keeping up to date with what you spend! (I'm a new convert to that, can you tell?)

Good luck and don't be scared to ask any questions. There'll always be someone around here to answer

notanothergreyhair

mini_huny_money wrote: »

:rotfl: I misread NSW (which after re reading, I reckon means No Spend Week ) as a NSW.........No swear week !!!!!!

If I had a No Spend Week, Id def be having a no swear week!!!!

I have been far from having a no swear week. I'm glad you didn't read it as a no sex week...:)

mini_huny_money

notanothergreyhair wrote: »

I have been far from having a no swear week. I'm glad you didn't read it as a no sex week...:)

Thought never even crossed my mind..........gotta have something to replace the thrill of spending money......:D

mumzyof2

mini_huny_money wrote: »

Thought never even crossed my mind..........gotta have something to replace the thrill of spending money......:D

sure do lol

Frugaldom

We now have 111 people now taking part in this challenge!

Well done to all who have committed themselves (and their households) to this frugal lifestyle and I really hope you all enjoy the ups and downs that will be 2008.

Week one is now complete. :T

For beginning week 2, deduct everything you have spent from your annual allowance (eg: this is mine: £4000 - £86.37 = £3913.63).
Divide your new balance by 359 and then multiply it by 7 to see your new weekly target (Mine is £3913.63/359 = 10.90 x 7 = £76.31)

My grocery challenge is set at £120 per month and this month has 31 days, so that's equivalent to £3.87 per day :eek: