How much do you all budget?
I assume the older generation of us who no longer live with parents will budget or at least have a rough idea so you don't overspend.
I'm curious how.. extensively everyone else budgets.
How much do you all budget?
I assume the older generation of us who no longer live with parents will budget or at least have a rough idea so you don't overspend.
I'm curious how.. extensively everyone else budgets.
I have a list of all my bills then how much I have leftover that month. Around 3/4 goes to my savings. Rest is for me to do whatever. Plus my mileage (which is around 3-4x the amount of petrol I put in) is also for me to save or spend. I save whatever's left the day before payday. Only thing I really budget is shopping but I don't keep an eye on it.
pigged 25/08/2019
I'm kind of similar, I have a list of all bills and the date of them, but then I also have a list of everything that goes in/out of my bank.
I've also got my savings account roughly planned for like 2+ years in future...
I only put a certain amount in my savings though, so at the end of the month if I have £1000 extra then it stays in my current account and builds up so I can blow it all on something I want, I put 50% of disposable income into savings, if I do overtime etc it just stays in my current account.
I have certain months where I spend a bit more than others (like date nights, new tech stuff, IKEA trips, etc) so I like always having quite a bit of money to 'play' with.
One could only dream of having £1000 spare a month
pigged 25/08/2019
It's rare working the odd weekend helps though given it's about £500 after tax/etc.
usually if I get a decent amount from overtime/expenses I end up 'treating' myself and buying a new computer table, bunch of smart home stuff, or buying loads when out for a meal
Last edited by scottish; 06-03-2019 at 01:31 PM.
Usually on payday 1/3 goes into rent account, 1/3 goes into savings account and last 1/3 is for spending during the next two weeks. Usually that covers groceries, bills, and a few treats here and there and then I’d save whatever’s left by next payday. Most of the time this works fine but unexpected things usually comes out of savings (vet bills etc). Other than that I don’t really budget that much, we do meal plan though so that helps to keep our food costs lower.
You know the story, mortgage repayments, gas, electricity, council tax, internet, water, food etc. Bills, bills, bills.. saying that we're doing alright. Managing two holidays abroad this year.