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Should itsthelittlethings spend less on coffee?
Comments
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I have a holiday booked at end September for three days. It’s all that’s keeping me going. I try to have two holidays away a year at a cost of about £600-700.
Credit card 2395
Overdraft 2301 -
Actually probably more like £800-1000 for both.Credit card 2395
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I think it’s important to have holidays. I’d be very sad if I couldn’t afford holidays.Credit card 2395
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Monthly budget.
Coffee £50
Entertainment £80. (Includes exercise).
Bills £530
Miscellaneous shopping £200
Food £180
Debt £100
Savings £200
Travel £70
I really don’t know what’s going wrong.
Credit card 2395
Overdraft 2301 -
Yes
You should write down everything you spend for a month, that's every bill, coffee, chocolate bar, pair of shoes, train ticket, donation etc.itsthelittlethings said:Monthly budget.
Coffee £50
Entertainment £80. (Includes exercise).
Bills £530
Miscellaneous shopping £200
Food £180
Debt £100
Savings £200
Travel £70
I really don’t know what’s going wrong.
Then look at your budget.
For example what does "miscellaneous shopping" include? That's more than your food bill, and twice what you're throwing at the debt... At a basic level if you threw £200 at your debt, and £100 at your miscellaneous you'd pay the debt off much quicker.1 -
I forgot clothes.
Am feeling a lot better for a little week off work. Not ready to go back of course. I got some wool this morning so I’m knitting socks, very therapeutic.Credit card 2395
Overdraft 2301 -
This is my adapted budget.itsthelittlethings said:Monthly budget.
Coffee £50
Entertainment £80. (Includes exercise).
Bills £530
Miscellaneous shopping £200
Clothes 100
Food £180
Debt £100
Savings £200
Travel £70
I really don’t know what’s going wrong.Credit card 2395
Overdraft 2301 -
Yes
I'm sorry to be cynical but you're spending too much on unnecessary things. Your debt is fairly small and could be tackled easily by curtailing the clothes and miscellaneous spends for a few months. Try a "no spend" month and throw the money saved at your debts, as a starting point.itsthelittlethings said:
This is my adapted budget.itsthelittlethings said:Monthly budget.
Coffee £50
Entertainment £80. (Includes exercise).
Bills £530
Miscellaneous shopping £200
Clothes 100
Food £180
Debt £100
Savings £200
Travel £70
I really don’t know what’s going wrong.
As it stands it doesn't look like you're in the headspace to make the financial adjustments to live within your means (you seem a little divorced from reality in a few areas) so your debt will rise - at some point your lightbulb moment will happen (hopefully) but you will then be in a bigger hole debt wise.
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That’s my budget and I’m sticking to it.Credit card 2395
Overdraft 2301 -
Spent £6.75 on sock knitting needles today and £20 on a bag.Credit card 2395
Overdraft 2301
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