To ask who else just isn't spending AT ALL!?

[junebug21]

Just that really... is anyone else noticing their bank account numbers rising!!? Due to being home on full pay and not spending on childcare, petrol, kids clubs, coffees etc etc all my pay is stacking up and I'm mind blown by how much I normally would be spending!! We are very lucky to not have many bills (no mortgage) we literally only pay insurances (life, house etc), electricity, Netflix and phones! I feel like I have been wasting A LOT of money beforehand! (I am aware that there are many not in this position etc and we are v lucky) but I also feel like I'm missing something and I owe someone/something a lot of money!!?? Anyone else??

We put £1300 in savings last month (up from 200!) and paid off £1K on credit cards (clearing the debt). This month we're on track to save another £1K, but have been spending a lot more on DIY supplies/purchases for our baby due in August, so I'm not sure we'll have much additional left over to add to it.

Lockdown has been a massive boost to our savings for my mat leave, so much so that I'm now able to plan to take 50 weeks instead of 39, which is amazing. I'm very conscious though that it's down to us both being in the very fortunate position of having secure jobs and being on full pay as both able to wfh.

Well my husband has just been made redundant so we won't be spending more than essential

We have "saved" well over half our disposable income (after all bills apart from food).
BUT we are choosing to forget about how our stocks and shares are performing, although our financial adviser says they're bearing up better than one might think. Still, it's a long-term thing so we'll wait and see.

Saving loads. I hadn't realised how much we were spending on travel to relatives, extra trips to waitrose at lunchtime, nights out and cinema etc, but we're saving an extra thousand a month or thereabouts and I think some of the changes will stick for sure.

No
What I’m saving on clothes shopping and coffee etc I’m spending on food - it’s our main treat at the moment
I’m losing money on expenses from work and spending more on bills working from home too

I'll make it all back from the documentary about how they took the front window out to get me out like an awkwardly shaped couch.

The firefighters are here for me now! 🤣🤣

I'm a single parent and WFH on full pay. I've saved a fair bit in the past few weeks but I'm also spending lots more on online shopping and booze food.

I think, from what work is saying, that this could be the new norm for us for a good few years, world-wide. Now all I need is for the pubs to open.

Work wise not worldwide

I’ve done a bit of online shopping but it’s stuff I’d anticipated buying soon anyway. I’m saving hundreds on coffees, buying lunch at work, petrol, parking, not to mention the random shite I pick up when I go around the shops on my lunch break. I’m also dieting and I’m surprised by just how much I’d been spending on takeaways and junk food

We're about the same as the loss in income is compensated by no childcare costs, cancelled holiday and only paying bills and food.
I'm quite enjoying the simpler life, although I do need a haircut.

I'm saving more but my food bill has skyrocketed which is a long- term worry

Started off not spending and being frugal and now- I’ve broken the bloody seal and can’t stop arggghhh

We are saving quite a bit as I like to fritter & normally go for lunch 3 times a wk plus always buy it out. Also go out for dinner once a week. zero travel costs & huge childcare saving (still paying a retainer).

Food bill defo gone up , still getting take sways & have had to buy some home office supplies, toys & crafts for kids.

I'm actively trying to save in case of job losses, tax rises etc. However it's a double edge sword & the more of us that do this & like the feeling of having "more in our pocket" makes the recession more painful.

To put it into numbers, we are saving about £180 on travel & £500 on childcare, clubs etc a month.

We’re about £1400 up this month. We normally go halves on the grandchild’s nursery fees so that’s our big saving. It’s just food and essentials for us now.

Definitely - we are living on less than half of one wage, and we really don't earn much! It has meant that we can fill the freezer with really good meat instead of supermarket stuff, and our cupboards are jammed. I am putting all the spare money into a deposit for a new car. Nearly there!!

I've saved 1.4k this month (half my income) and not felt any worse off. Makes me realise how much I used to spend unnecessary stuff. Especially clothes.

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I've been working throughout going into the office but not travelling to visit other offices so no mileage and spent far less on diesel. As lunch places are closed I've saved on buying lunch and coffees etc. plus the other bits that are put out to tempt you at petrol stations!
As I've been working I haven't spent on internet shopping and have saved a fortune on lessons and competitions for my hobby.
Feeling flush!
However DH is furloughed so has been a bit spend happy doing DIY stuff and buying unnecessary boys' toys aka tools

Our weekly food bill has doubled because there is an extra adult here full time and we are supporting local restaurants (not chains) that have swapped to takeout a couple of time per week.

However, we are saving massively on petrol, lunch monies, kids hobbies, going out money etc.

So yeah probably about £200 per week better off and that’s with DH furloughed.

I joined Monzo in January to get on top of my out of control spending and come out of the overdraft that I had been in for months. I transfer £200 a month for my frivolous spends.

I’ve made 6 transactions since 1st April- 5 are gifts for other people and the other ice cream for the kids.

I’m actually scared of spending now

My bank account is rising but Dh's isn't.

The food shop comes out of his bank account no joint account here however he does know about my exceptionally large bank balance

No gym no pilates no yoga. No eating out. No new clothes (I prefer to buy them in person, not online) No hair-do.
It's a good way of saving.

I spend a lot of money on coffee/sarnies/snacks etc when out and about (used to travel a lot in my job) if I added it all up probably would come to several hundred a month so that's a saving. Plus no fuel. Plus no socialising/eating/drinking out. I reckon I'm saving upwards of 500/month and for the first time ever I'm not going into my overdraft each month.

Amazon is my bestie at the moment....

I’m also hardly spending anything and not really missing it either!