To wonder where all my money goes?

[Oohgossip]

Household income of around £75,000 in the midlands so around 4500 a month.

We don’t live like kings yet seem to live pay check to pay check.

Mortgage and associated bills of around 1500. 2 children, £300 a month childcare. We rent our cars and have one hol a year. Kids don’t want for anything but I haven’t spent a penny on myself in years.

Hands up, we don’t budget.

Where the hell does the money go?

I think Tesco takes all my money 😂

Any recommendations for apps etc to track things?

If you think supermarket frittering might be the problem then watch a few episodes of Eat Well For Less.

Honestly you don’t need to open a Monzo account or photograph your receipts FFS.

There are dozens of FREE apps that will tell you what you spend. For FREE and without the hassle of opening new bank accounts.

At the touch of a button. It literally couldn’t be easier.

Honestly:-

1. how many times a week do you have take away?

2. how much food do you throw away each week from your cupboards, fridge and freezer?

3. how’s much do you spend on a weekly
   On line shop

4. how much roughly do you spend each time you poo only TESCO and ALDII each week?

Big banks are really threatened by the likes of Monzo I understand. I can see why as it is a totally different way of handling money. And people love it.

Interesting times I think

I’m not surprised! I have online banking but it doesn’t show payments pending - example Tesco take 3/4 days for payment

Only this week I thought I had money - turns out the £300 repair bill from 10 days ago hadn’t been taken straight away - so £300 down.

They need a running calculator or paydays less due DD’s so you can actually see what’s what without having to calculate all the time

Best advise is to keep logging in to the banking and check and double check cash flow

Where does it go?

In your case I would think

Household bills
Holidays
Rented Cars
Sky and other entertainment service
Mobile phones
Toys
Meals Out
Coffees out
The Pub
The lottery, and other gambling.
Leisure Trips
Overspending on Food
Takeaways
The Pub
Clothes
Personal Grooming (Hairdressing, etc - ladies tend to cost a lot more than men)

Watch "Eat Well For Less". It's not my favourite show, but you see a couple of things. Grown-ups who have no idea. Children who can't hold a knife and fork properly.

You forgot

Car insurance
Tv licence
Repair bills
Home insurance
Credit card payments
School (dinners, trips etc)
Glasses
Home purchases
Uniforms
Kids shoes (eek!)
Pets?
Play dates - farm trips cinema
Probably expensive kids clothes rather than stores?
WiFi and phone contracts
Life insurance
Prescriptions

List goes on

to the poster telling me it's 2019 and use an app etc....

the OP seemed to want to know what the money was being spent on. The apps show where you've been spending your money, but unless I've missed a big development - maybe I have? - they won't break down your supermarket spend like a till receipt, which I thought was what OP was thinking about.

Sorry if I've completely missed the point. I thought I was being helpful with people who genuinely wanted some budgeting input but maybe I'm just being a pain so I'll wander off.

not without highlighting this though

"how much roughly do you spend each time you poo"

I think it's worth swapping to a bank whose app shows pending payments and upcoming direct debits/standing orders if you don't have this already.

This thread inspired me to budget and then my bloody watching machine died yesterday, so I'm now £270 down before I've even started