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Need fresh eyes on my budget!

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  • Spendless
    Spendless Posts: 25,194 Forumite
    Part of the Furniture 10,000 Posts Name Dropper

    I'm doing my first month of giving every £1 a job with my pots and some I've got plenty left and 1 I've overspent in (am aware why) and contemplating whether I rectify this or just leave it running till payday.

    Re clothes- I went thru my wardrobe a few weeks ago, after a spell of some sunny days (hahaha!) I tossed out what didn't fit, was torn etc and then had a good look at what was left. I discovered I could easily find an outfit for a day at the beach/work/a wedding what I really lacked was smart casual stuff, the sort of outfit you'd wear to an outing to a pub lunch. I bought 2 outfits to rectify this, 1 that coordinated with items I already owned, 1 to 'build on' (if that makes sense). A few days later I also struck lucky with a never worn dress on a 50p charity rail. Do you know the clothing categories where you lack items?

  • joedenise
    joedenise Posts: 18,484 Forumite
    Part of the Furniture 10,000 Posts Name Dropper

    I use YNAB which is a give every £1 a job budget and it tells you when you have overspent in a category and to rectify it so that is what I do. I know others actually have a pot called buffer with a little spare money in it in order to use that to put overspent pots back to where it should be. Personally I just move money from pots which are building for longer term things like new TV/phone/laptop etc so nothing that's needed at the moment.

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