So March is over, and what a March. Snow, rain sun – everything! So how did this affect the spending and income? Do you really care or are you just enjoying gawking at what is spent? 🙂
So the standard pay cheque went in – still deducting my companies share scheme which is painful but it is a long term bet so I won’t complain too loudly! I still seem to be draining my cash reserves whilst making sure that I keep the same amount going into ISAs. Another few months and the share scheme payments will cease going out and my pay should bounce back up.
To this day I still have no idea how much pay I will have in my pay cheque in April. The plus side is I got (yet another) Tax Code in the post. This is once again a different one to any I have had before so maybe I should take a bet on how long before my next Tax Code arrives….
The income from my other half’s ISA is also continuing to go up so further extra cash. It’s been a long wait to see it get to this level but it is starting become very valuable.
So – what do the finances look like?
|Things I choose not to avoid*||Mortgage, Insurance, shared bills etc. – yes, we could move somewhere cheaper, not have insurance, reduce our bills a bit and so on, but we are where we are.||37%|
|Groceries||All the food and other stuff needed for home||2%|
|Alcohol for home||Home alcohol consumption only||3%|
|Bicycles / Car related||Any costs related to either the bikes or the car||2%|
|Alcohol Out||Generally, its the pub….||2%|
|Eating Out||I include purchased lunches in this as well as meals out etc.||1%|
|Other||My catch all for anything I may have missed….||1%|
|Holidays||Any spending related to holidays, flights etc.||5%|
|Savings||Anything left over! This includes money into ISAs, mortgage payments and non relief pension contributions. My company pension comes out before it hits my bank account so isn’t included, nor do I include the “top up” of money when my money goes into my personal pension (i.e. I put in £100, I register it as £100, not the £125 that gets credited in my pension)||47%|
So a little extra on holidays – a friend is getting married so booked some of the bits we will need for that, but something to look forward to.
Overall things I do nothing about is dropping slightly which is good too. Not at all a bad month – my highest ever savings rate. 47%! I really am amazingly pleased with that rate – so close to 50% I want to keep pushing. My 12 month rolling average savings rate is also creeping up to 40% so I am starting to believe I may yet make this happen!
I also did some money moving around – more into my other half’s ISA, and some extra into the Go T’ Pub ISA to make the most of the allowances that I can. This continues to hammer my cash reserves – I really do need to build these up as they are lower than I am comfortable with, especially as I am pushing up the money going into ISAs I no longer have the flex I used to.
Did you manage to keep control of your budget in March?
Update: As Quitting Teaching asked how my bills are so low – I do have a small confession. I am currently using up loads of John Lewis vouchers at Waitrose that I have been stockpiling for a while. I have done 2 huge shops for food this year of which I haven’t had to pay a penny for and so don’t show up…