2008 - Live on £4000 for a full year.

funkyfunkymonkey

For a medium size Cheese and Bacon loaf


¾ tsp yeast
400g/14oz strong brown flour
1 tbsp sugar
1 tbsp milk powder
1 tsp salt
290 ml water

Put everything into bread maker on ‘basic bake raisin’ option of 4 hours

Add 50 g/2oz cooked chopped bacon and 50 g/2oz grated cheddar cheese on the ‘raisin beep’

Apparently, wonderful toasted and served with poached eggs – I can let you know tomorrow.

I don’t know how you would cook this in other bread makers or by hand, I have a Panasonic and the recipe is from one of their recipe books.

FFM

Mollymop5

funkyfunkymonkey wrote: »

For a medium size Cheese and Bacon loaf


¾ tsp yeast
400g/14oz strong brown flour
1 tbsp sugar
1 tbsp milk powder
1 tsp salt
290 ml water

Put everything into bread maker on ‘basic bake raisin’ option of 4 hours

Add 50 g/2oz cooked chopped bacon and 50 g/2oz grated cheddar cheese on the ‘raisin beep’

Apparently, wonderful toasted and served with poached eggs – I can let you know tomorrow.

I don’t know how you would cook this in other bread makers or by hand, I have a Panasonic and the recipe is from one of their recipe books.

FFM

Fantastic thank you.will have to give it a try very very soon Yummm

justme111

nykmedia wrote: »

Justme111, what is the problem you are having with the maths? I'm sorry to see you have now, at whatever age, accrued debt, but we are all in the same boat here - we are living within budgets to either get out of debt, stay out of debt or to save for something specific. You are very welcome to join but it would be easier to understand where you're coming from if you could provide a little bit more information about why you seem to disagree with what we are doing here.

Hmm? have I told I had depths? I could not say so as I do not
My math is well, that's why I see that living on £4000 per year is not good.

Funkyfunkymonkey, living for £30 a month is not good - that's exactly the point we disagree on.



Mollymop5, I dare to say, keeping a close eye on where the money is going and living on £4000 per year are very different things.


P.S. food is a minor expense comparing to other ones so good quality homecooked food is good just per se, not so much as moneysaving. Obviously if the one used to live on takeaway it will save some money but much more importantly some health and tastebuds.:D

justme111

ps again - respect for baking loafs

System

justme111 wrote: »

Nice to read you. Probably we were starting our economies from different backgrounds, I did not eat unhealthy pies or drink before so starting being frugal did not meen cutting unhealthy food for me.
anyway the math just don't add unless you classify most of your expenses as essentials.

i did not (and did not say) that i drank a lot or ate pies before starting this. I have always ate pretty healthily. My healthy eating has increased because I have cut down on random drinks in cafes, pubs etc, and I plan food more so have less wastage, and I always have homemade lunches - in the past, I would get caught out away from home quite a lot becasue I wasn't as well prepared.

My comments about health were a response to your original assumptions that (young) people doing this challenge were neglecting their health in doing so - I wanted to point out that being frugal can actually improve your health, because healthy meals cooked from scratch tend to be fairly cheap.

My £2008 budget for the year includes everything apart from mortgage & council tax, and my essentials budget is only home/contents/and life insurance, and flat factoring fees and boiler cover (because of the way these finances are arranged - I don't personally deal with them, and I don't control how much is spent on them - if I did I would have a slightly higher budget, and my target would include everything apart from mortagage/council tax).

I am, so far, managing to come in a wee bit under-budget. I also take good care of a hamster and 2 fish on this budget (it adds up!) My sums may be slightly less than you would have estimated, as I share a flat with one other person and thus my yearly cost of phoneline/broadband/tv license is 50% of what one person running a household alone would have (although this only comes to around £160 less a year than if I lived alone). My volunteer work also provides me with an unlimited bus pass, so I will have no transport costs until this placement ends. I go socialise a lot, see my family a lot, and buy myself endless (but super cheap) presents, because I love 'stuff'

I have no debts (not inc. mortage) apart from my student lone - i don't repay this yet as Im not earning, and I have all the cash from this stowed away because I worked at weekends and rented out a room in my flat instead of having a living room. I am, amazingly, making a bit of a profit from this loan now becasue I keep it in a high interest account (student loan interest rates are comparably low) - although this info doesn't affect the sums you have estimated.

Can I ask in what way you think my maths can't add up? Did you think the challenge included mortgage/rent or council tax or something like that?

Although my personal target is very low, it is because it is a reasonable amount to keep someone in my situation. Many (most?) of those with targets of £4000+ are keeping several people on this budget - there are many people whose targets work out lower per person than my own target.

good grief iv written a lot (seems to literally be my life story, lol!)

mama67

Another £44.46 on weekly cash spends

Total so far

£177.92

Mollymop5

justme111 wrote: »

Mollymop5, I dare to say, keeping a close eye on where the money is going and living on £4000 per year are very different things.

maybe for some but it goes hand in hand for me.Thanks

justme111

will probably reply you tomorrow as by your lengthy post you challenged me to pinpoint exactly what does not add. it will be interesting.

funkyfunkymonkey

justme111 wrote: »

Funkyfunkymonkey, living for £30 a month is not good - that's exactly the point we disagree on.

I have never said that living on £30 a month is good, so there's a point we are not disagreeing on.

You haven't checked my signature have you?

FFM

System

justme111 wrote: »

will probably reply you tomorrow as by your lengthy post you challenged me to pinpoint exactly what does not add. it will be interesting.

My monthly budget works on 3 categories - bills(this also includes pet stuff), food (this also includes toiletries & cleaning stuff) and fun (any treat food or eating out food I also put in this category).

I don't have a detailed budget other than i pay all bills as and when I get them, whatever they may be (probably works out monthly at, say tv £6,phone & broadband £8.50, mobile £2.50, gas £?15? a month (we are pretty careful with heating, and flat is cosy newbuild type), & electicity £?20?, pets =£3?) = £55-ish a month?

Food in jan came to somewhere arounf £45 (don't have my diary on me so not sure exactly), so im aiming to trim this down to £40 this time - if I need more I spend more, i don't moniter it closely, i get whatever i want or need.

Target = £167.33 a month - £55 -£40 (ish) which leave me £72.33 a month for gallavanting around and plenty to cover food/bills if they are more than I expect.

I'm not totally sure about the gas and electricity, the numbers i have are based on what i remeber from the last bills. But plenty extra left over even if they were double that a month. And plenty extra if I wanted/needed to spend more on food than i do.

Which is why i spent only £110 in jan, :j and why £2008 seems a fair enough target for little ol' me. I don't have any more detailed plans or targets than that, its all pretty rough and flexible.

As you can see I have wide margins, so I don't have to worry about anything in particular - i just try not to fritter money.
I'm pretty sure that covers everything - doesnt it???? :eek: