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Judicious January Jangling & Juggling *blows budgeteering bugle*

999 replies

claretandamberforever · 30/12/2013 18:22

Sorry, couldn't resist going overboard on the J's

Happy new year y'all. Welcome to expert budgeteerers, newbies, lurkers and de-lurkers. We're a very friendly, non-judgmental bunch so please use this thread as you choose whether it's as a spending diary, to confess your money sins, ask for help or have a general whinge at the cost of living.....

OP posts:
daisywaisydoo · 01/01/2014 10:05

I'd like to join this Grin

I NEED to to be honest. Im on maternity leave at the moment and have frittered away so much money on coffees when I've wandered to town, then been lazy and got the bus home so that's about £5 altogether. I do this 2/3 times a week so that's at least £40 a month that i'm not accounting for Shock It horrifies me.

I have credit card debt of £1500 I think which hopefully when im back at work I can really cut into as I can still pretend im living off £50 a month like a have with maternity pennys. The rest can just go straight to paying my card off.

Also I need savings as a back up for anything. I've almost ran out of formula and don't get child benefit til Monday and it hit me that I don't actually have any spare money to my name. Eek need to get my life sorted and be a grown up!

WoodBurnerBabe · 01/01/2014 10:07

Mine haven't either. And my standing order to pay the mortgage hasn't gone either.

Just found an app called "Left To Spend" on the iPhone that looks useful - and free! You tell it how much disposable income you have divided by the number of days it has to cover (mine is a miserly £3.73 per day) and it keeps a running total over the month. So you tell it what you spend and it adds another chunk every morning so you can tell if you are ahead or behind for the month. That's a really bad explanation, but I'm going to try it this month and see if makes me more mindful about random crap spends...

Fluffycloudland77 · 01/01/2014 10:42

If anyone's joining slimming world there's a voucher for the joining fee in Woman Magazine.

The magazine costs 95p but the joining fee is £10.

I need cleanser today so no NSD for me.

Iamnotanugget · 01/01/2014 10:44

Direct debits will come out tomorrow as it's a bank holiday today.

Daisy Both dh and I have a pocket money account with with a separate card to the joint account. The joint account covers bills, stuff for dc and savings (don't actually have any savings as this pot is used for one off payments like insurance) and then my only personal account is mine to buy coffee or whatever. It's too easy just after payday to look at your balance and think you've plenty of money but actually most of it's already allocated somewhere Sad. You may find this set up helps you.

Had some friends round last night for dinner. Got up early with dc and all leftovers have been frozen or turned into something else or will be eaten for dinner. We're meeting friends for lunch but I have some vouchers so I'm hoping it'll just under £10 for the 4 of us.

Happy frugal new year everyone!

MyGoldenNotebook · 01/01/2014 11:57

Happy New Year All!

Okay so it's the first of January and thanks to swimming fees, my dad's 70th and Christmas I have exactly £10 disposable income left after groceries, bills, travel etc so I am going to need all the help I can get to make it to the 25th. I need to make the next 3 shipping to Aldi trips come in at £60 or less. Need to make one shop £40 really as have to go out for my dad's birthday meal (already have present). Luckily just bought big pack of nappies and soap powder.

Can I do it?

I must not enter any shop other than Aldi on a Saturday!

MyGoldenNotebook · 01/01/2014 11:59

Will look into 'Left to Spend' next month. Done think it's going to be too difficult to keep track of that tenner!

CremeEggThief · 01/01/2014 12:14

NSD to start the new year. Nowhere to go and nothing to buy.

Hope it's a good, frugal one for us all. Smile

Fluffycloudland77 · 01/01/2014 12:18

There should be a £5 off aldi voucher at the end of the month. It's usually the last Thursday of the month in the mirror/daily record.

claretandamberforever · 01/01/2014 12:19

Today's spends £2.50 on a bet (one day, I will be a millionnaire....)

OP posts:
daisywaisydoo · 01/01/2014 12:33

I think we already do that Iamnotanugget! I have my bank account, he has his and he also has a separate account for all our bills. He pays in his half and I give him my half for him to put in. We're very much half and half on everything we pay for, I would get confused if all our money went into one pot!

delasi · 01/01/2014 12:51

Just learned what an NSD is and have been thinking about it. I thought, "Oh, that should be easy, I must do that loads" but of course, I don't! So in an effort to not spend today, I've just saved myself from wasting £20 in an online sale.

One question: on a NSD, would you count that as an absolute, ie including no travel costs?

It's very basic, but I have a Word document which I keep track of everything in. I have a list of our monthly bills with an allocated amount for transport (we don't drive). I have another list showing up to 6 months in advance the dates we expect different money to come in and these are allocated to a month, eg 27th of the month would be allocated to the month following. I then have a table each month to track groceries, food out/takeaway, and transport. As we always spend on card I can just check our bank balance, but usually I just keep my receipts and enter it in straight away.

At the beginning of the month I take the total for bills and transport and deduct it from our income for that month. I deduct a set amount for groceries plus a bit extra for misc./contingency. Then the remainder goes into an online saver. Unless I know we're going to visit family or something, then I leave a little extra out for other costs. We just have 2 accounts, the joint and the saver. We used to have others but due to money coming in on different days it got confusing and we kept having to transfer between accounts, got hammered on bank fees by forgetting a couple of times Sad

daisywaisydoo · 01/01/2014 12:56

Is NSD a no spend day? I agree it sounds easy but only really if you aren't leaving the house! Far to tempting to buy daft things here and there.

I have a spreadsheet that is basically a calendar and has a list and total of my bills to the side (my phonebill, home insurance etc) and has days money goes in and how much and days bills go out.

I want to track everything I buy but I feel like i'll give up/get bored quite quickly. But I know if im tracking it il know exactly where every penny has gone and either feel proud or ashamed.

daisywaisydoo · 01/01/2014 12:57

Also me and my fiancé both get paid fortnightly so it makes things awkward to work out for the whole month in advance as money comes in gradually.

shortscotty · 01/01/2014 13:50

Starting again, my trouble is I get caught up in the whole saving money thing I try to do too much at once, make a mess of it then have to start again. Going to start out brand new, done freezer and pantry lists, I have tons of stuff. A friend has asked me to make a cake and 12 cupcakes for her, she said £10 I know she is really struggling so aren't bothered about the cash though have just made 120 for another friend wedding, she bought tops and cases plus gave me £30. But that didn't scratch the surface with ingredients and power, let alone something for my time. So resolution (if it can be called that) is to charge realistically then put anything I get into my £2 coin tin. Plus save £2 coins, this year I am saving 5ps too. Takes ages to build up £1 in them so stashing them for Christmas shop 2014.
Onwards and upwards, love these threads even if I lurk as it focuses my (not) spending. Smile

fuzzpig · 01/01/2014 14:50

Happy frugal new year everyone! I'm feeling optimistic. Compared to this time last year when everything was so bleak and pointless - what a change. :)

We didn't get around to doing the food shop last night, so we are ordering later. DH currently doing an audit and we are being sensible while writing a list - just one 'important' meal as SIL and family are visiting for dinner tomorrow. Trying to be mindful of overbuying as that's my main weakness; so much gets wasted.

We agreed that we will have a groceries budget of £320 a month to start with. This includes all food from supermarket and things like snacks while out (a biiig money sink for me), as well as laundry/toiletry stuff. Doesn't include rare meals out (the only thing DH and I really do, we have boosted loads of clubcard points for it as well) and I think £320 will be plenty. Two adults, 6yo and 4yo and teen DSDs who often stay at weekends). We've put a piece of paper on the fridge and we will write the new remaining total each time we spend on groceries/household. The amount remaining will be transferred into the ISA at the end of the month even if it's only a couple of quid.

Now we are limiting food budget we will only be doing one bigger shop per week rather than two smaller ones (as £40 is the minimum spend, so two shops would end up being over £80) but the problem is that fresh stuff seems to go off really fast apart from hardier things like apples, carrots etc. I guess we will use more frozen/dried/canned stuff towards the end of the week.

My main priority is to still include plenty of fruit and particularly veg (my DCs are total fruitbats but are quite limited with veg they willingly eat... I seem to be cutting up cucumber and carrot all the bloody time as it's the easiest, but it's so boring), and preferably up the pulses as I don't think we are getting enough fibre (especially as DH is coeliac) - and we won't be having much meat so the protien is vital too.

I am torn, though (sorry, waffling like mad now!), between wanting to save as much as possible, and wanting some convenience. My health means food preparation is difficult, DH does most of it but on weekends he's often at work so I need things I can do easily without needing to collapse in a heap - but also don't want to rely on too much 'freezer foods' - and when we buy them 'for emergencies' we tend to use them far too often.

Any ideas of super easy but healthy child friendly meals would be much appreciated!

Ohhelpohnoitsa · 01/01/2014 14:56

This reply has been deleted

Message withdrawn at poster's request.

Cocolepew · 01/01/2014 14:56

If anyone use Android there are a few free trackers/ money manager apps on that too.

Ohhelpohnoitsa · 01/01/2014 15:01

This reply has been deleted

Message withdrawn at poster's request.

Skiingmaniac · 01/01/2014 15:03

Happy new year all!Thanks

Nsd here as too hungover to move!

Blimey Scotty you must charge more if you are going to bake! I ran a cake biz and was considered cheap by charging £1 per cupcake...any fancy toppers, flavours or cases were above that so it sounds like your friend's wedding should have been approximately £150. Remember it's not just ingredients and power - what about your time and effort - you should get at least the minimum wage! Good luck though I'm sure you're brilliant Smile

Right....slinking off back into hangover land now Confused

Cocolepew · 01/01/2014 15:10

My cant be bothered meals are usually, pasta with bacon lardons and a bit of sauce mixed in, grated cheese. Anything invoving chips, sausage, fish fingers beans, eggs, or chip buttys.. Omlettes or make soup and feeze it. Frozen pizza. Bought soup with crusty bread or rolls. My gran used to say you always have a meal in the house if you have eggs and bacon Grin.
I'm not very adventurous Blush.
My dad gets me a big sack od spuds from the greengrocers which works out much cheaper. It lasts for weeks and stops me nipping in to buy a bag and buying something else along it. Also if I have potaotes Im not tempted to go to the chippy.

fuzzpig · 01/01/2014 15:12

You're right I REALLY need to get better at that ohhelp - not organised enough generally Blush

We also have a huge slow cooker which we have never used Blush

Skiingmaniac · 01/01/2014 15:14

Hi coco Grin
Can I ask a question - you obviously make homemade chips with all those potatoes....do you have a deep fat fryer? Or do you do oven baked ones? I always do the frozen ready chips and wondered if there was a better/tastier/frugaler way Grin

Turnoffthelights · 01/01/2014 15:22

Hello everyone - old, new, fledgling and returned!

My frugal New Years resolutions:

  1. meal plan from Aldi Super 6 each week
  2. check online balance every day, moving as much into savings as possible and only moving back for essential spends (aim for savings to be £600 better off by end of year)
  3. sell 60 'lots' of things over the year (could be ebay, Facebook, carboot, music magpie, haven't really done much before and this averages at 5 lots per month so should be achievable)
  4. start a savings account for Christmas 2014, aim for £5 per month.

Will set budgets and restart proper tracking from Monday - the real start of the new year in my opinion!

Cocolepew · 01/01/2014 15:29

I have a deep fat fryer, tastes so much better Grin.

I make roast potatoes nearly every night, DD1 doesn't likemash and we only got her to eat roasties a couple of years ago! I put a joint in the slow cooker before I go to work, and if I'm prepared never have the potatoes all ready boiled. I find a joint of meat works out much better for us, we are big meat eaters.
There is usually some left over for a sandwich or to throw into soup the next day.

Cocolepew · 01/01/2014 15:30

Is ebaying a faff? I've never tried to sell anything before it goes to the charity shop usually. I have a few things that could be sold but I'm too scared to try it!