Didn't realise I'd spent that much.

Money_and_Travel

Just received my first annual statement.

Seems I've spent over £4,000 in the last 12 months.   

Didn't seem anything like that amount.

Nasqueron

Maybe worth checking statements monthly and keeping an eye on each line to see if anything is being wasted

Money_and_Travel

Not sure what you mean by wasted.

I don't pay any interest, if that's what you mean?

MattMattMattUK

Money_and_Travel said:

Just received my first annual statement.

Seems I've spent over £4,000 in the last 12 months.   

Didn't seem anything like that amount.

That is only £333 per month on average, with how many people do not perceive monthly costs and how they accumulate I can imagine that one could not realise. 

It is similar to people who complain that their morning coffee and pastry on the way to work and buying lunch does not add up to much, until they actually look at the numbers and realise they are spending £2,500+ a year, small but regular amounts add up very quickly. 

Are you using a card with cashback?

Money_and_Travel said:

Not sure what you mean by wasted.

I don't pay any interest, if that's what you mean?

Unneeded purchases, buying things like a coffee every morning that you think does not cost much, but adds up to a significant amount, things like paying for parking regularly when there is free parking 200 meters away, that kind of thing. 

There is nothing inherently wrong with spending money, but many people spend money in a way that is wasteful for what their stated goals are. 

Olinda99

for budgeting purposes it is not so much how much you have spent but what you have spent it on

martinbainbridge1975

long as you keep within your means and don't pay interest that's all that matters, just don't do anything to lose any promotions

Nasqueron

Money_and_Travel said:

Not sure what you mean by wasted.

I don't pay any interest, if that's what you mean?

Your original post seemed to suggest you were concerned by the level of spend?

NoodleDoodleMan

I'm not really sure what the OP's issue here is.

 

Money_and_Travel

martinbainbridge1975 said:

just don't do anything to lose any promotions

I don't think I have any promotions.

Money_and_Travel

Nasqueron said:

Your original post seemed to suggest you were concerned by the level of spend?

No, just surprised at how much I had spent.

eskbanker

Money_and_Travel said:

Nasqueron said:

Your original post seemed to suggest you were concerned by the level of spend?

No, just surprised at how much I had spent.

Still puzzled - what responses were you hoping for if you were essentially just sharing the fact that you don't have a handle on your finances?