Daily Spends – A Diary of Spending Habits

What I spend, when and where?

Archive for the ‘unexpected costs’ Category

How to Stop Spending

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Spending and overspending is easy. Unfortunately, stopping spending requires a lot more willpower!

Everyone has the odd splurge every now and again but if you find yourself regularly in the red you could be living above your means. Here are a few tips to help you take control of your spending.

Find out what you already own

When was the last time you really looked through your wardrobe, drawers or kitchen shelves? Before you go shopping, spend some time thinking about what you need to buy and make a list. Take this list with you and you will be far less likely to buy things you already own or simply do not need. Just make sure you stick to your list and avoid the temptation of buy-one-get-one-free offers!

Choose your time

Although shopping can be a great mood booster if you are feeling bored or depressed, the financial hangover that comes after a shopping spree doesn’t have the same feel good effect. Avoid the shops if you’re feeling down, as the temptation to spend can be difficult to resist.

Question yourself

Get into the habit of questioning yourself every time you are about to buy something. Ask yourself “Why am I buying this?” before handing over your cash or card. When you can’t answer or find yourself making up an excuse, put the item back. You can always come back later if you decide you really do need it and the chances are you won’t.

Budget

Although the thought of drawing up a budget can be daunting to say the least, budgeting really is the best way to take control of your spending. By examining your monthly income and outgoings you will find out exactly how much you have to spend and can usually spot ways to make savings. Once you have analysed your spending, allocate yourself a monthly budget and stick to it.

Go on a spending holiday

Really put your money-saving prowess to the test by going on a spending holiday. Decide on a week during which you will spend nothing at all, except on unavoidable costs such as travelling to work. Prepare for the week by shopping for groceries and planning a few free activities like going for walks or visiting friends. Don’t carry any credit or debit cards and restrict yourself to keeping just a small amount of cash with you for emergencies.

Think ahead

The recent economic downturn caught many people by surprise. Thankfully interest rates have remained low, helping homeowners keep on top of mortgage payments. Nobody has a clear idea of what the future holds for UK consumers however, as the political and economic situation remains uncertain. If interest rates go up and inflation causes the cost of goods to rise, this could spell trouble for many households who would struggle to pay the bills.

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May 23, 2011 at 9:05 am

Childcare Costs – Pushchairs

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We’ve got another baby due in Sept 08 and we’re getting very excited! Yesterday we went looking at Pushchairs to decide which one we’d be investing in for the new baby and I was shocked by the price of some of them!

There are a few issues we’re considering when choosing a suitable pushchair/pram:

1 – Is it suitable from birth?
2 – Does it look cool?
3 – Is it too expensive?
4 – Is it gonna be comfy for my little one?

Two of those criteria are reasonably easy to meet (1 & 4) but the other 2 are quite a different matter as it seems you can’t have one without the other! Cool looking prams do not come cheap in the same way that cheap prams do not look cool.

Here’s our shortlist:


Bugaboo Bee – Approx £400.00 All in


Quinny Buzz – £300.00 all in

There’s only £100 in it and I think the Bugaboo is more stylish – which one would you go for?

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April 22, 2008 at 1:32 pm

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Kids Party Time

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For the purpose of this post the word ‘party’ means ‘expensive’. Now I don’t mind spending a bit of money on the little blighters . . . in fact I’m quite happy to spend my well earned cash on a birthday party of epic proportions . . . however never ever let it be said that a child’s birthday party is cheap. It’s not!

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April 7, 2008 at 11:30 am

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Take Away Food – Plays havoc with your budgeting!

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My Wife’s pregnant at the moment which is fantastic! What’s even better is that she’s craving all kinds of take away foods.

Last night it was  kebab & pizza. A Milano’s special kebab (donner, chicken & lamb) and a 9 inch Hawaiian pizza. I really enjoyed it – it was lovely.  Hang on in there . . . there’s a point to the story.

I managed to save £10.00 yesterday by going without something I could have done with, but didn’t need. The intention was to squirrel it away in my draw at work so by the time next Christmas comes around I’ll have a nice little purse to buy some special presents for my family.

Guess what happened? Yup, you guessed it! That £10.00 didn’t get squirrelled away, it got spend on that Take Away instead. My present fund is now down to £0. Time to start again!

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March 6, 2008 at 2:53 pm

Bit Miffed at Excessive Train Fare – add £1.90

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Hmm – got stung on the old train fare this morning. Well, actually, tram fare to be exact. After failing to stop at my usual station because of ‘overcrowding’ I was unfortunately forced on to a further stop which required me to take a tram to work.

It added another £1.90  to my daily spend of £10.50 – GUTTED

I know it doesn’t sound much but times that by 365 days and that’s an extra £693.50  per year.

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February 20, 2008 at 3:02 pm

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