Throughout 2018, I will be tracking every last penny I spend, and sharing it here weekly. I’m a (late) twenty-something lady, living in the North of England with my Other Half, commonly referred to as OH. I travel regularly for work, and often spend more time on the motorway than in my own home, which can often account for my fluctuating Car Expenses and entirely random Grocery costs! By the end of the year, I’m hoping to have a better overview of where my money goes to each month, and have a realistic retirement savings plan in place (as well as the many other savings plans I have in my head, but you can read more about that here). You can also read the full series (so far) of my money diaries here. I’ve built myself a personal money tracker spreadsheet, I am armed with my bank statements, a weekly budget worksheet and a monthly budget worksheet and I am ready to rock!*!
I. Am. Obsessed. They’re lighthearted, and give a really good insight to what people all over the world spend on a daily basis, how they live off varying salaries, anything from a student loan of £9,000 per year, to multi million pound incomes. It’s so interesting!
I have taken inspiration from this and decided to ditch the name “weekly spending report” (it just sounds far too clinical and serious!) and roll out the Money Diaries.
This week has been a quite successful financially, I’ve managed to keep my spends low, however, this is only due to a fairly hectic work schedule and have been travelling lots, meaning more food/travel expensed and less time to treat myself!
Bills: £60 – This week is quiet for bills, just my Service Charge of £60 to pay on the 28th to the management company of my apartment building.
Groceries: £26.68 – Travelling 5 days out of 7 made for a cheap week on groceries! OH was home alone all week so had already got the basics in, I just supplemented these on Sunday, so what I’ve bought will last us for a couple of days this week too. My brother also came to visit from home, bringing some of my favourite treats (it’s amazing how many products are sold in Ireland that aren’t available in England!)
Expenses:£147.38 – Includes a couple of hotel nights and some meals through the week. I don’t tend to eat much when I’m working away as I’m always so busy, and grabbing a sandwich from the nearest corner shop just isn’t all that appealing most of the time. Who knew?! Will be reclaimed from work next month.
Car Expenses: £36.34 – A fill of diesel at the start of the week, luckily, my car is VERY cheap to run, around £50 fills the tank and will do me for around 470-500 miles. Will be reclaimed from work next month.
Lunch: £6.10 – Only one day in my own office this week so only one opportunity for an overpriced toastie!
Takeaways: £0 (Feelin’ good about these, y’all!)
Travel: £20.38 – I’ve booked flights for a weekend at home in Ireland at the end of February (yes, that’s a return price, and yes, it really is that cheap! Say what you want about Ryanair, but when they can fly me home and back for less than the price of my cab to the airport, I’m sticking with them!)
Misc: £29.95 – This week has included the airport toll from dropping my brother off for his flight home yesterday, some paper for my printer and a couple of newspapers and seriously overpriced munchies from a motorway service station!
To be returned on Expenses: £183.72
Actual Spends: £143.11
I’m fairly happy with that, considering it’s including one of my monthly Direct Debits. Next week will look a whole lot different, as I have my mortgage, utilities, and a small boiler loan payment on direct debit.
Myself and OH also talked last night about opening a joint bank account. We currently split the cost of our regular bills, which are all paid from one of my bank accounts, he transfers half in and I transfer in half. But we don’t split the cost of day to day living evenly, we just assume it all works out in the end. We’re happy enough with this, but in terms of me budgeting for us, it makes it really difficult. OH tends to spend more on groceries, as he passes the supermarket on the way home from work. It just makes sense. I usually pay for more of our nights out and car expenses (big ones we will half), as I us a rewards credit card (and pay it off immediately!).
So I realised, I have pretty much no idea of how much we spend on our weekly groceries. You may notice over the next few weeks until we get this account up and running, my grocery spend probably does seem a little low so this explains it!
I’m quite lucky in that both of us make around the same amount of money, we don’t have a breadwinner and our money is our own to spend how we please. He has never once batted an eyelid at the several weekly trips to the post office to pick up missed deliveries from late night online shops. And I would never dream of asking if he really needed to buy another guitar.
This has me interested however, how to other couple manage their money? I know everyone is different obviously, but I’m always intrigued by what others do differently, and how it works for them.
Leave me a comment below and let’s hear your tips!