Here’s June’s spending report. A busy month all told, with some travel for work and some busy weekends; I went to Wembley to see the Spice Girls with my best friends, we went on a day trip to Longleat and we also went away for the weekend with friends. We kept costs down where we could, so we didn’t feel the purse strings slip too wildly out of control!!
I’m trying my best to be conscientious with the groceries budget and using a mixture of Aldi and Sainsbury’s. Aldi can’t be our full time shop at the moment as it’s too far away for me to realistically go regularly with a full time job. There’s a lot I could say about the cost of working (maybe a blog post one day!) but higher grocery costs is definitely a very real factor in our lives because of full-time working.
credit cards: how we buy everything
easier to track expenses
We track every single penny we spend. So, we like to do most of the spending on one card. I also have my card linked to my phone so I’ll get a notification every time I use it – easy to pop the expense in our budget tracker right then & there.
I’m still loving our premier BA Amex card. We rack points up fairly consistently and we’re only £3,800 away from earning our companion voucher. I definitely see a reward flight in our future!
build our credit
For simplicity, we could just pay on our debit card for everything, particularly as it would be even easier to track expenses that way instead of using a credit card and debit card. However, it’s important to build up our credit history and maintain a good credit score rating.
And yes, we pay off our credit card in full, every month.
how we organise our expenses
As I alluded to in an earlier post, we track every single penny – more on our budget strategy in this post here. So what we generally do is put numbers next to categories but those numbers aren’t set in stone. We generally try to spend as little as we can, with those figures there to guide us. In my report, I haven’t added the planned numbers, just the actual spend.
what you won’t see here on a month-month basis
We pay for some things up front on an annual basis. All our insurances are paid this way, as is the car tax and we tend to do our charitable donations all in one month at year end. Those expenses will pop up in the month they’re paid.
|Housing (rent & council tax)||£1840.00|
|Utilities (electricity, water, tv, music, mobile phones, broadband, cloud storage)||£154.70|
|Food (groceries, household goods, food out (work lunch & eating out)||£678.66|
|Personal spending (own money, haircut, work clothes)||£438.96|
|Transport - train (commuting)||£221.70|
|Transport - car (petrol, parking fees & tolls, car tax)||£59.22|
|Misc spending (incl health spending)||£225.41|
Total £3,628.65 || Savings rate 56.74%*
*(excludes passive income)
notes on june
- groceries spending was down but eating out was higher as we had a couple of takeaways and meals out with friends as well as a date night
- our personal spending included attraction tickets and alcohol spending for our weekend with friends
- our spending in june 2018 was £3,697.63, with a savings rate of 51.3%. Pretty impressed we’re tracking slightly lower than a year ago on spending, given that our rent and council tax is more expensive now