So once again things are flying by and I find myself a month behind already – I put it down to a holiday, providing holiday cover and work being very busy indeed.
I am definitely not complaining but time is really pelting on, which makes me glad for the GTP ISA – I don’t need to do anything!
Anyway, onto the more interesting (hopefully!) side of things…
So the usual salary has gone in and a little extra from my other half’s ISA dropped in which continues to build and help. All in, nothing exciting and life continues to move on. And naturally, of course, dreaming of having that stream of cash coming in without having to work!
|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.||31%|
|Groceries||All the food and other stuff needed for home||3%|
|Alcohol for home||Home alcohol consumption only||4%|
|Bicycles / Car related||Any costs related to either the bikes or the car||1%|
|Alcohol Out||Generally, its the pub….||6%|
|Eating Out||I include purchased lunches in this as well as meals out etc.||6%|
|Other||My catch all for anything I may have missed….||3%|
|Holidays||Any spending related to holidays, flights etc.||8%|
|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)||38%|
* This covers a number of things that I would class as essential for me. Yes, I could move to somewhere cheaper to reduce the mortgage (which in turn would reduce the insurance I have to pay), yes I could reduce my bills by switching energy supplier etc. but it comes down to what I am happy with. There are a few other things in there that are classified as essential that others may object, and so I have just lumped it into there.
So a friends wedding and stag do hit the holiday numbers and alcohol and food out – it doesn’t happen often so I made the most of it! Unfortunately, although the savings rate still looks good, the only way I could keep my GTP ISA going was by eating further into my cash reserves. This will soon have to stop of course.
Other than that things just keep ticking along, no great surprises and mostly keeping a lid on the spending. The holiday and stag do did put a big dent into the costs, however if I can reduce those going forward I will be in a much stronger position.