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Expenditure monitoring diary

Discussion in 'Money Saving Tips - Money Saving Diaries' started by FrugalKaru, Sep 17, 2017.

  1. FrugalKaru

    FrugalKaru Well-Known Member

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    Month 4 - breakdown of costs

    2017-10-07 21.25.45.png
    * 34% - property refurbishment (DIY tools and material)
    * 28% - housing

    * 16% - visiting home (flights)
    * 15% - home improvement (lighting, furniture, decorations etc.)
    * 7% - everything else

    (I record detailed cost accounts under each category, this is just a computer analysed high level view.)
     
  2. FrugalKaru

    FrugalKaru Well-Known Member

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    Consolidated results (4-month average):

    * Target expenditure: <30%
    * Actual expenditure: 39% (36% if deposit will be returned)
    * Savings rate: 61% (64% if deposit will be returned)

    I had large property maintenance costs in August, which significant impacted the savings margin.
     
  3. FrugalKaru

    FrugalKaru Well-Known Member

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    Consolidated results (4-month average) - breakdown of costs:

    Right, so what were my biggest cost articles from May to August?

    2017-10-07 21.27.04.png

    * 58% - housing
    * 15% - property refurbishment
    * 8% - visiting home
    * 7% - home improvement
    * 6% - groceries & household chemicals
    * 6% - everything else

    (I record detailed cost accounts under each category, this is just a computer analysed high level view.)

    How would you compare?
     
  4. taffynoel

    taffynoel Active Member

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    Is it best to declare love outright or just say this is right up my street! Good work, I could dig out my own breakdown, which was very similar in structure. My categories were tax, personal investments (pensions,NI,real estate capital), overheads (interest aspect of mortgage, bills, insurance), motoring (sub divided, of course), food, living (everyday spending, gifts, holidays and hobbies) etc.

    Before I lived on about 20% of my wage, saw 20% lost to the system and saved/invested over half.

    Now I add 'baby' on to the list and just wince.
     
  5. taffynoel

    taffynoel Active Member

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    Ps did you ever work out a retirement age? It's quite simple to look at what cash you live on now to project pension income (spread out to the same level of income) so as to continue infinitum. In my case my private pension kicks in at 60 and later at 68(ish) my state pension. By the time I am 55 I'll be fully up on NI and my LISA will be nearly ready to mature paying me the shortfall from age 60-68.

    It's also reassuring to see what my pensionable income is likely to be, having contributed 15 years and counting into a final salary scheme.

    All in all I recon I can work 4 days a week from age 40, 3 from 50 then quit at 55. Or find a job I love and go it for fun (halving my salary will be a real option), once the mortgage noose has gone in a few years.

    Or the wife wants a bigger place.

    Or the daughter goes to uni (I'll probably retire then just to avoid the fees)

    Or, I'll get mowed down looking at the Roamler app whilst crossing the road to enter Morissons next week,
     
  6. Andrew

    Andrew Super Helpful Superstar

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    Just before going to a ready meal check I assume? Haha
     

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