Another month complete, another spending report up on the blog. September was glorious and work flew by – mostly because we were on holiday for 2 weeks and had just 2 weeks at work. I like how fast payday seemed to roll around as I wasn’t counting down 4 working weeks this month! All quiet once we got back from holiday, we had a weekend away at the end of the month too, which was glorious and cheap and cheerful to boot!
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.
Our credit card is a BA rewards card, so we earn Avios points whenever we spend on it. We’re formulating some pretty ambitious travel plans so these points are going to come in very handy!
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 (when our Amex isn’t accepted in some places). 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 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)||£1,761.00|
|Utilities (electricity, water, tv, music, mobile phones, broadband, cloud storage)||£178.08|
|Food (groceries, household goods, food out (work lunch & eating out)||£522.00|
|Personal spending (own money, haircut, work clothes)||£511.03|
|Transport - train (commuting)||£71.50|
|Transport - car (petrol, parking fees & tolls)||£55.33|
|Transport - car (insurance)||£309.95|
|Misc spending (incl health spending)||£87.92|
Total £7,294.72 || Savings rate 14.1%*
*(excludes passive income)
notes on september
- we pay for holidays from our wages the month we take them, so holiday months can be quiet on other spending categories but our holiday spending explodes! Which is absolutely fine by us, as travelling is one our main passions…. as is relaxing!
- our car insurance was due which is why you see it pop up here – we pay the premium in one go, the month it is due.
- hopefully this is the last month my portion of the personal spending category will be so high. This year I’ve had to replace a few things that had worn out – this month I had to replace my walking boots.