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2023 Frugal Living Challenge
edited 7 December 2022 at 1:37AM in Old style MoneySaving
821 replies 176.9K views
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I have increased my monthly budget for food only from £60.00 to £75.00 per month to accomodate the rising prices. But as usual I shall be tucking away in my seperate account any left over cash for a 'big' stock up shop.
I have just checked and I have around £119 in the 'big shop' account which will be spent after Christmas to restock things like washing detergents,bleach cleaning stuff and washing up liquid,toothpastes etc and dried goods.
All of this came from left over cash at the end of each month from June to December of this year.
I also have a stock of tesco vouchers, and nectar points that I can use as well during January. trimming a little here and there and utilising every penny does make a difference.
Next week when I eventually return from the Christmas celebrations I shall do a major stocktake of stuff I have, and see what's actually needed to restock my supplies.
I try to do as little shopping as I can in Jan/Feb as often the weather isn't condusive for an older lady with a stick wobbling around on icy pavements
I have already gone through my D/D's to see what can be haggled or trimmed, and only waiting to see what I can get reduced from my sim only phone card.
Hopefully we will all get through without too much of a problem
Wishing each and everyone a very Happy Christmas, and a healthy,frugal and worry free New Year
Take care everyone
Is there a list of "hint n tips" or good advice anywhere please? I've searched and can only find chat threads and longer posts about this.
Thanks in advance
I have the old state pension and an NHS pension. I live alone in a flat, mortgage free but the leasehold costs come to about £200 a month and we have to contribute extra to maintenance costs as they arise. Thankfully it is brick built and we have not had the problem of the scandalous cladding. I also have a parking space which would be expensive around here if I had to buy a permit.
I've worked out living costs over the year, divided by twelve and will put this into a savings account each month. I've allowed some regular savings which give higher interest rates, and more accessible savings for emergencies and the occasional day out. I've started a category for travel costs including petrol/bus/train fares, previously I paid for these on an ad hoc basis and ended up taking money out of savings so this seems more organised. I have a credit card which gives me points and pay it off each month, then use the points where I can get x3 the value.
I think I will be ok, in fact I am better off in terms of disposable income than I have ever been. There have been some pretty tough times that had me learning hard lessons when I was a young mum and we were threatened with losing our home. BUT this comes at the expense of being frugal every day, balancing wants and needs and only having myself to blame if things go wrong.
Oops, I've gone on a bit, I'll slope off now to get my green soup for lunch. Good luck to everyone and a Happy New Year.
I'm still working out what my annual budget will be for 2023, I plan to work through it over the next few days. The budget will solely be for me as I live alone, I work part time, provide some childcare for my gorgeous baby granddaughter and also have elderly parents who need my support.
I will update with my budget when I have some numbers firmed up
I am debt and mortgage free. Living off the equivalent of early retirement (I’m not 40 yet) so need to be a bit more frugal. I have a small income plus a pot to last us till we snuff it. I want to cut back on the consumerism and enjoy a more frugal life.