Hello Dear Reader,
I grew up in a house with heating in one room, with that fact and the recent ‘surveys’ in the cost of raising a child, it’s a total surprise to many that I’m actually alive!
Our living room had a parkray coal fire which heated the water and that room. No other room had any heating at all. The coal fire also heated the hot water but it would take it being ‘opened up’ and set roaring to heat a bath and we just couldn’t afford the coal. We had a parrafin heater in our bathroom which was lit on Sunday afternoons when we had our weekly bath. The rest of the week, the bathroom was unheated and we had a ‘strip wash’, which I always successfully managed to have under my dressing gown! Half way through the week, I would wash my hair in the kitchen sink and it was usually damp the next morning. I never owned a hair dryer until I was grown up and with a job.
There were no supermarkets. Food was grown in our garden. Luckily, we had the usual size big council house garden that had plenty of space. Our back porch was full of ‘clamps’ where the root vegetables were buried in sand and peat to keep them throughout the winter. Apples were wrapped in newspaper and placed on planking shelves in the roof rafters of the garage. Our greatest luxury, was a deep freeze…………with a lock! Through out the summer, my parents and us kids, would pick barrow after barrow of broad beans, French beans, runner beans and peas and prepare them, blanch them and then freezer them in bags to keep us going throughout the winter. Apples were stewed and bagged and again stored in the freezer to last the winter. In the warmer months, my dad would fish off Par docks and Spit beach to catch whiting and mackerel. The mackerel was ‘soused’ or hot pickled and sealed in kilner jars and the whiting was gutted, filleted and frozen. He would go out of his friend’s boat and bring back pollock which would be gutted, steamed and mixed with mashed potatoes and there would be bags and bags of fish cakes in the freezer. Meat came from ‘Dave’s Discount’ freezer store and mum would buy a forequarter of beef (shin and mostly stewing meat) that was stewed and served with gravy. It was bagged up at home and stored in the freezer. The big roast dinner was reserved for Christmas.
We kept chickens and not just for eggs. We also had ducks. A good third of our garden was a muddy poopy mess! We had piles of birdy poop and bedding which we kept to dig into our garden. We would be sent with a barrow and fork to the nearby stables to ask for manure which we would bring home. As a child, I spent a lot of time either collecting shit or digging it into the garden. I quite enjoyed digging!
We had a green house and throughout the summer ate grapes and melons to the point that I was sick of them. We had lots of fruit bushes in a fruit cage and made jam to keep us going all year. School lunch was always a jam sandwich and yes, the bread was home made. In winter, there was cabbage, kale, purple sprouting broccoli and sprouts. Dinner was always ‘shut up and eat it’ and as we were always hungry, we always ate it.
School uniform came as balls of knitting wool from the local haberdashery and my mum would knit us all one school jumper each every year. When we out grew it, she would detach the jumper and start to unpick it and pick up the stitches and then just knit the body and sleeves longer. When our school skirts got too short, she would let them down. When our school shirts got tatty, she would turn the collars and patch where no one could see. We each had one set of uniform, the jumper and skirt got worn all week and the shirts and underwear washed by hand each night and dried by the fire. We had no washing machine and sheets were washed in the bath by sitting on the side and stamping on them. Mum and I would take them in the garden and hold an end and twist them into a sausage to wring them out. They would then be hoisted onto a high ling and held aloft with a pole to stop the line drooping in the middle.
Winters were harsh and everyone I knew had chilblains. You got them on your feet and hands. Everyone’s noses dripped, mouth cracked with cold sores and wore unwashed clothes, as no day was ever a drying day for weeks and weeks on end. Coats and shoes never really dried and the house would be damp and dark from October to March. We had ice on the inside of our windows and our pipes would often freeze, which meant no water until they defrosted. We took a hot water bottle to bed. When it got so cold that the blankets didn’t keep you warm any anything became a bed covering. Coats, dad’s donkey jacket, and old curtains. Still, I can remember sardines on toast and sitting around the fire on those cold evenings and all of us spending time together in one room.
All entertainment began and ended in the local village. Everything happened in the church hall. Brownies, Scouts, Guides, youth club on a Friday and Sunday school on Sunday. We flocked to Sunday school to collect our ‘I’ve been’ stamps in our books as it meant we got a Christmas present and a holiday to Porthpean for a week in the summer. No one at that summer bible camp had any pocket money, we ate what we were given and every year knew we would get an ice cream on the last day. We looked forwards to Christmas bazaars, summer fetes and sunday school ‘teas’.
Shoes were something that you got new in September for school. They were purposefully too big and everyone wore two or more pairs of socks. We clunk clunked our way to school in loose schools, with rolled up jumper sleeves and trousers turned up to almost the knee. They had no toes in them by June and by July we had to explain to our teachers why we were wearing our black plimsols for just a few weeks. Clothes came from jumble sales, hand me downs from friends and relatives. Schools knew and accepted that they were full of ordinary kids and consequently, I can’t remember a single school trip, day out or special occasion. We just went to school and learnt and that was it.
My dad was a lorry driver but that wasn’t well paid. My mum stayed home until we were older and I was at secondary school. I was expected to have the fire going and the dinner made for mum when she got home. I loved reading and drawing and would while away hours doing just that. There was no child care. I got a bus home from school and my sister and brother walked back from the primary school and I met them at the end of the lane and I took them home. There were no snacks, no multiple TV channels to watch and we all loved our own ‘tranny’ radio. If you were hungry, you made do with a jam sandwich as you did for breakfast and lunch.
Employment law was mercifully slack throughout my childhood. I and so many like me, picked the winter daffodils in bud and then the spring early Cornish potatoes. We got work in pubs washing glasses and chippys peeling spuds. I had friends who swept up and made tea in hair dressers and even crimped pasties in the back of bakeries. I sold ice creams in a van on the beach every summer from when I was thirteen years old, I was supposed to be fourteen but I lied. I used to save up and buy Mum roll-ons, Rimmel make up, Silvikrin shampoo and Yardley perfume. One summer, I was so determined to buy a pair of Wrangler jeans that I saved all summer. By the time of was sixteen, I was financially self sufficient and by eighteen was living independently. I’d never heard of a university until VIth form and didn’t stay long enough to go to one.
Everyone I knew lived a similar life to my own. In fact, I was much better off than many of my contemporaries. My mum knew who the hungry kids were and told me to bring them home. I was taller than most kids and my mum knew who was short of a cardi or a nightie and they could have my old ones. We always ate a hot meal every night, there was always a pot of tea and I was always able to bring school friends home and they always got fed too. Locally, we were strangely aware of the parents who smoked or drank their money and it wasn’t unheard of for my primary school head teacher to go personally to the house and give them a shot across the bough if they neglected their children.
As a family, things got better for us when both my parents had a job and we’d often have a coal fire in two rooms and later we had electric heaters in our bedrooms and we were allowed to switch then on just before going to bed. By the time I left home, there were three TV channels but still no washing machine but at least mum could afford to take the big wash to the launderette.
It takes what ever you have to raise a child. I didn’t have a holiday until my youngest child was thirteen and my eldest, now 27 has never had a holiday in his life. They didn’t get much at all, but in comparison to my childhood, grew up in decadence. They could have a bath every day, clean clothes every day, and we had a heated house with double glazing. They had breakfast cereal, juice and a packed lunch and a cooked meal every night. They had a birthday and Christmas present. They went of school trips and even school holidays. We had days out to the beach and parks. They had an ice cream every week!
It certainly doesn’t take that much to raise a child and those of us who didn’t plan them but had them anyway, know that you get by some how and do your best. Those of us who grew up, by modern standards, in poverty, were never aware that we were poor. Children need to be loved and wanted, have secure families, a roof over their heads, enough food, enough cleanliness and enough clothes. There is little more that they need. I was loved and wanted and so were my children and that is about all they or I truly needed.
The photo is of me and my lovely mum - a couple of summers ago. I am truly blessed, that despite of having no money, gave me a wonderful upbringing.
Over to you. Who else brought their kids up on not a lot more that good luck and prayer? Who else thinks that materialism has polluted family life and blurs the line between what we want and what we need?
Until tomorrow,
Love Froogs xxxxxxxxxxxxxxxxx
Category Archives: Budgeting
What do we need to budget for?
Hello Dear Reader,
I’m having some really positive email discussions with some of you about budgeting. It’s easy to over look what we actually need to budget for. I’ve had a good think about this and even then, I’m sure I’ve missed quite a few things. I had to think back to my children being at home and still in school and all the costs I had for them. Whilst at Secondary School, the costs were enormous and needed saving for all year. I knew they were not heading for university by the time they were fourteen but if they were that way inclined, or if yours are then I’m sure the holidays, treats, new clothes ect have all gone by the by as you save for the huge costs of sending them to higher education.
What ever we buy, how ever we buy it, we need to plan it and carefully work out how it fits into our budgets. We knew we couldn’t afford a holiday this year as we had to do house repairs (rotten patio door frame and corrupted double glazing needed replacing). After assigning every penny, we don’t have any money spare at all, not a bean! There’s no spontaneous days out, trips, treats, shopping or even a takeaway. Every penny is spoken for. It does mean we have sizeable savings and that the end of every financial year we can now roll over funds from immediate savings to long term savings as we will need a new car soon.
We all need to develop a saving habit which also means we have to develop a going without until I can afford it habit. It’s too easy, especially if we have children, to not plan carefully for all costs. A birthday invite can throw a budget askew by £10 for a present and then the family will soon be playing catch up because of that. Teaching our children to save their own pocket money to buy birthday gifts themselves can help alleviate sudden budget spin balls. Putting aside money every month to buy wood for the winter means I can keep really warm, dry all my laundry and keep my house at a steady temperature. Having my car maintained properly means I will get a decent price for it when I trade it in. Looking after my property means I have less surprises or suddenly unexpected bills.
We all of us need a ‘shit hits the fan’ fund too! Our washing machine is five years old and won’t last forever, nor will the dishwasher or oven and I couldn’t do without them. Someone could drive straight into me and right my car off and I might need to replace it quickly so I can get to work. There is always something that could go wrong and we need to be financially as prepared as possible or else we’ll be begging the bank for a loan!
Over to you Dear Reader, what have I missed that we should be saving for? You may make essential charitable donations or pay towards care home fees for your elderly relatives. What do you budget for? Do you have as many accounts as us? (No charges with a classic account - no over draft facilities, no frills bank accounts). We also need to budget for the ‘excess’ on our insurances and in countries outside the UK, that will be the excess on your medical insurances too.
I look forward to your pearls of wisdom on budgeting, we can all work that bit harder on our family finances and I would be glad for your in-put.
Until tomorrow,
Love Froogs xxxxxxxx
"Financial struggle with bills and debts worsen" - BBC
Hello Dear Reader,
BBC News
Sky News
I was contacted today by Sky news but didn’t read the email until the end of the day. They wanted to interview me by Skype, which would have been fun. The big news of the day is that across the UK, 50% of people are struggling to keep up with their bills. They would have had short shrift if they had interviewed me as I don’t struggle to pay my bills but certainly don’t have anything left after I have paid them.
Soon, the new school term will start and the news will be all about families who have to find a lot of money to buy uniform and equipment for their children as well as money for school trips. I thought I would share my views on budgeting and saving for the future.
1. The money in and the money out.
You all have to know how much money is coming in - that’s it! You can not spend it all, you can spend 90% of it (on bills and food and necessities and save 10%) but you can not spend any more.
You have to know what all your bills cost. If you haven’t sorted out monthly direct debits for all of your bills then do so now. Arrange that payments go out the same day as pay day.
What should be paid by direct debit? - Mortgage/rent, council tax, water bills, energy bills, car insurance, home insurance, debt repayments such as credit card bills.
2. There’s no such thing as disposable income!!!!
Get this and hear it loud and clear. No one has any spare money! If you want clothes, to go out, to go on holiday, to buy presents then you have to budget for it. You have to plan all your spending. Every single month! If you have debt or no substantial savings then you can’t afford any luxuries what so ever!
3. Some things happen every year!
If you have children, they will go to school and they will need money for uniform, books and trips. This happens every year. You need to set aside money every month to pay for shoes, coats, clothes, school equipment and even Boy Scout subscriptions.
Birthdays and Christmas happen every year and they are not a shock, you need to save money all year for this and it doesn’t have to be much as you don’t have to spend much but you need to set the money aside and make sure it fits your budget.
4. Plan your spending every month.
You will have one calculation each month
Salary -
Mortgage/bills/debts/direct debits =
What is left.
When you have calculated the figure that is left, then work out how much for food, for getting to work, and make sure what is left goes to savings.
5. You have to make cut backs - we all do.
Everyone can save money by planning their meals for the month. Nothing fancy, just beans on toast if that’s your budget but plan it. I think an adult can eat everything they need for £2 a day and all other items including toiletries will require another £1 a day. We can ‘get by’ on £40 a week. It can be a bit meagre at times but our cut backs mean we can pay every bill and save money every month just in case the SHTF. Everyone can save money by making sure they have used price comparison sites to find the best deals for energy, car and home insurance, mortgage deals, 0% credit card deals to pay off debts more quickly and making sure they have the best energy deals.
6. The **** WILL hit the fan and you have to be financially prepared for it.
I’ll start this by saying we didn’t have any savings until our debts were paid off. Consequently, when the boiler broke down we just had to be cold/freezing until we could afford to get it fixed. We took drastic steps to pay off our debts and life is a little more relaxed now we are debt free but we still save in case anything goes terribly wrong. We still live on the small amount of money we allocated to ourselves when we were in debt and now the extra money goes into savings. Your car will break down, your roof tiles will slip and your roof will leak, your boiler will break down, the crown will fall off your tooth and your filling will fall out, you will lose your keys and you will have to call out a lock smith. Something will go wrong and you will have to save money every month.
7. What do we need to save for?
Car tax, home insurance, new shoes, new underwear, occasional new clothes, household items such as washing machines, car repairs and servicing, the next car, home maintenance, children’s needs such as school requirements. You need to work towards having three months salary saved in case you lose your job - this will take you years and years to save for - until you’ve got this amount put away - consider yourself penniless as you haven’t got enough until you’ve saved for redundancy. Beware of thinking you’ll get a redundancy payment, companies who went bust left their employees without wages and no redundancy payments.
8. What do you not need?
No one needs a holiday, no one needs to eat out, no one needs a SKY/cable package, no one needs a mobile phone (no you don’t and we lived without them!), no one needs heating on all day every day in the winter (layer up!) , no one needs to keep up with the Jones, no one needs to be fashionable, no one needs to have their hair ‘done’, no one needs to ‘update their home’. If we get real and look at what we need, then we’ll all have a lot less wants and our lives will be much simpler.
9. What do you need? You need security of food and shelter. You need to be able to pay your bills on time every month, you need to be able to feed your family every month. Anything else that you can afford is a luxury. If you manage to get the car serviced, new tyres, and you can afford to get to work then you are doing well.
10. What is the biggest changes you can make to ensure you have financial well being? Pay off your debts. If you have any debts then don’t spend any money until they are gone. Cut up every credit card and get rid of them. Once you have paid debts off, close down credit card accounts. Never mind the bollocks about it worsening your credit rating as only a ninny would ever borrow money ever again! Also, now is the time to stop spending money. When you are debt free, then and only then can you save for planned spending.
Just say no! Mostly, you are going to have to say no to yourself and then to others. I still can’t fully engage in societies niceties as I don’t have any disposable income. I can’t afford to socialise, or go to my husband’s Christmas ‘do’ and I certainly can’t afford to dress to suit any social occasion. That’s my reality and I just have to get on with it.
My reality is still that to reduce my mortgage, to increase my savings, to be prepared for the shit that will hit the fan and that I will have unforeseen expenses still means I have to watch every penny. I can pay my bills and I can eat well but I can’t afford anything else and that’s the reality most people have to face every day.
There you are SKY news, that’s what I would have said if I could have spoken to you today.
Until tomorrow,
Love Froogs
Everyone will have to budget from now on!
Bulk Buying and Menu Planning
Hello Dear Reader,
Today is a stock take, plan and shop day. I went to the butchers and spent £68.49 and have portioned everything to feed us for two months. It may seem strange to some people but I loath shopping and like to ‘get it over and done with’ and good planning helps me to achieve that. Buying in bulk at my local butchers also means I get very good prices. Here is what I bought:
2 chickens = 6 meals, 2kg of minced beef, which I portioned into 400g bags = 7 meals, 1 small beef/brisket joint = 2 meals, 1 beef/sirloin joint = 3 meals, 8 sirloin steaks (£12 and £1.50 each) = 4 meals, 8 pork steaks = 4 meals, 1.4kg of Braising steak divided into 350g bags = 4 meals, 8 thick slices of Belly pork = 4 meals, 2kg of sliced smoked bacon (it has a million uses) divided into 250g packs = 8 meals.
From my stock take I had:
1 pack of homemade faggots (for our supper tonight with homemade oven chips and beans, 1 shoulder of pork joint = 4 meals, 1 beef/sirloin joint = 2 meals, 1 pack of bacon pieces = 3 meals.
One shop and 52 meals!
Here’s the menu plan
So far, I’ve planned 28 meals and will have enough in my freezer with the addition of a few meat free days for another 28 days. I don’t religiously stick to my plan; if I fancy something different or something which I planned for another day then we eat that instead. For me, menu planning is all about making my life simpler and having to shop less. My butcher supplies large meat packs at prices lower than any of the shops around us and I’m happy to come home and re-bag meat into portion sizes appropriate for us. Menu planning makes my life simpler as I never have to stand in the kitchen, or worse the supermarket and wonder what we’ll have for supper that night.
I keep a very supply of staples in our cupboards and they include pasta, rice, flour, tinned vegetables such as beans and tomatoes. I buy sauces and marinades in a mass bi-annual purchase from Approved Food and have enough sauce mixes, jars of apple sauce, spices and jars of cook in sauces to last for months and months.
I’ve also made 48 muffins today for the freezer - chocolate and raspberry and blueberry. I use frozen fruit from Aldi and then allocate two muffins to a freezer bag and freeze them all. I take out one bag of muffins a day to go in Dearly Beloved’s lunch box. I now don’t have to bake him any other treats for a month! All this gives me more time for quilting, walking and gardening.
Over to you Dear Reader and here’s a chance to ‘ask Froogs’. If you have something in your pantry or freezer and lack inspiration, share it on here and either myself or another Dear Reader can come up with some suggestions. Alternatively, share your menu plan ideas.
Until tomorrow,
Love Froogs xxxx
Nine circles of shopping!
Menu planning for the month
Hello Dear Reader,
Following on from my earlier blog where I shared my budgeting, here is where I share my menu planning - click on the menu to enlarge. I have made six ‘meals’ of faggots today and they have been frozen. I’m about to make two lasagnes, a cottage pies and two steak and kidney pies for the freezer. All I will need to buy over the coming month will be veggies, margarine/butter, some cheese and a chorizo. I’m pretty well stocked for the rest.
I make a loaf every other day and we have an egg, or bacon sandwich or just toast for breakfast. Lunch is usually reheated leftovers. We really only eat the one main meal a day.
I agree with a reader who left a comment, eating frugally can be boring but we like simple old fashioned recipes and like to eat home made at home. We usually just have a cup of tea or glass of water with our meals and keep our portions to reasonable sizes. We’re also quite happy to eat the same thing for two days running. We like to eat a snack meal or what we call and on toast meal at some time as we already feel that we eat too much most days.
I hope this insight is useful to those of you who asked.
Until tomorrow,
Love Froogs xxx
Budgets and reality
| That’s all that’s left! |
Hello Dear Reader,
I make no secret that I am financially lucky as we both have jobs. I know full well what it’s like to live on minimum wage as that’s what Dearly Beloved and I earned before we both went back into education in our thirties and then started to earn a professional salary at the respective ages of thirty seven. We brought the children up on nothing at all and used to breath a sigh of relief when parents sent us cash for Christmas as it meant we could buy food and get the children some presents. We know what it’s like to have two jobs each, to have no car, to have no holidays, to have no heating, to have no new clothes, to have no social life and to have to run up debts just to pay the bills. We’ve been there!
I’ve included our actual budget - click on the picture above to enlarge it enough to read it, to show the difficult choices we still face even though we earn a lot of money. We can not afford to spend money without thinking about it first. We have a little spare money each month and can if we want, go for a mooch around charity shops, out for a coffee, or buy a magazine. We can, but sometimes don’t as we might want to buy a new jumper.
You can see from our joint combined budget that we save a considerable amount of money each month. This means there is an addition to our savings every year. We do not spend that amount of money every year but leave a considerable ‘float’ at the end of each year. Anything extra to that goes to pay mortgage capital. It means we could have a holiday, we could replace the car, we could do some work on the house. Those are choices we could make. We have ready cash because we are careful with money. We have our car serviced regularly, it is road worthy and safe and we budget for that. We have ready cash to pay for annual charges such as boiler servicing, car tax, home and car insurance and we can get the very best deals as we can pay in one go, use Quidco to get money back. We also have a cash back debit card where we get 1% back on food shopping, 2% back on fuel and can often get up to 5% back on large purchases such as car insurance by using Quidco. If I need new clothes, I search for discount codes, free delivery and whether I can buy it through Quidco. If you look, you can buy new clothes from Matalan with 25% discount code and then 2.5% cashback through Quidco. Having spare money doesn’t mean you no longer have to haggle for a bargain!
Having a household budget means, you know exactly what’s coming in the house and what’s going out. You spend consciously and know what things cost. Having a household budget means I have to plan. I have to plan meals, then plan the shopping list and then go shopping. When I do this, it means I rarely spend my shopping budget a week and have spare. Some weeks, I only need to spend about £5 on vegetables and the money stays in our wallet.
Our budget and the running total doesn’t mean we only have £77 to our names. We have money in our current accounts but just don’t spend it because it’s there. We leave it there. Any money left gets added to it. At the end of the month, I leave myself with a ‘float’ in my current account and any excess, even an arbitrary amount such at £32.98 gets transferred to my mortgage. This is exactly how I got rid of my debts and now exactly how I continue to live. That £77 a month is what we use to buy gifts, contribute to a baby or retirement present at work, pay for birthdays and Christmas. You can see with such a small amount of disposable income, that I still have to live with the reality I have and being told to buy myself treats and go out, is I’m sure, well meaning but I just have to continue to be careful.
Our budget allows us to add to what we already have. If I need a jumper, I can buy one………it’s never going to be the case that I need a ‘new wardrobe for this season’. I might need a new pair of trousers or some underwear, the additional expense per month may run to somewhere in the region of £15 and I certainly won’t need to spend that more than three times a year.
In reality, we all need to budget. We all need to be aware of what’s coming in, what’s going out. Here’s a brutal fact for you. If you are in debt, you can’t afford to buy anything you don’t need and you need to get very real about what is a need or a want. I’ll get back to writing more today about budgeting for food, menu planning and deciding what’s needed from the shops. Hopefully, as you’ve seen my budget, I won’t need to go shopping.
Until later,
Love Froogs xxx
Stock take and menu plan
Hello Dear Reader,
Before I go shopping, I stock take. This is everything I have to eat in my kitchen. I really don’t need much at all. Apologies for any typos but I did this with DB’s lap top in the kitchen and I know what it means. I’m just giving you a glimpse of what I do. I’ve put a menu plan together and I only need to buy a few items this week.
As you can see, I’m using up what’s in my fridge and freezer first. We’ll get round to using up the dry goods and I’ll make sure I don’t buy any more until this stock has diminished.
| We must eat this lot so I can defrost the freezer |
My cooking plans for this afternoon are to make: hummus, falafels from the mix in the cupboard and freeze them for lunch in the week. Make a Dundee cake for our lunch boxes. I also have pastry, some cream and a few lemons which are starting to look elderly which I will make into a lemon tarte. A luxury treat but I don’t like anything to go to waste.
We ate really well yesterday so we’ll just eat beans on toast for lunch.
All I need to get from the supermarket.
1 can anti-perspirant 1.99 - Savers - last two weeks
1 tube toothpaste 1.80 - last two weeks
Value cream cleanser - 32p - last a month
1 box tea bags 5.99 - last a month
1 packs of cat food 2.49 - last a week
1 pack value carrots 0.92
1 pack value parsnips 0.85
1 savoy cabbage 0.69
12 FR eggs 1.98 - Lidl - pick up on way home from work.
9 pack of loo rolls.1.99 - last two weeks.
Approx. £19.02 although a lot of items will last much longer than a week. Costs are ever increasing and I need to be very careful to stick to my menu plans, my food and grocery budget and make sure I use up everything I have. I’m good at being careful with money and I still find it difficult to budget, save money and overpay my mortgage. These are tough times and more and more people will need to be careful with money.
Over to you Dear Reader. Any ideas of what to do with the store cupboard ingredients. Does any one else have any stock piles? Is anyone else ‘eating down’ their freezer?
Until tomorrow,
Love Froogs
Coping with rising costs
Hello Dear Reader,
My mortgage rate (standard variable) has gone up and when one major banks does it, the rest of them will join in soon. I pay the same amount each month even though I pay down the balance every month. I will have to adjust this figure in few months as the rising costs of living leave us with less and less money to eat with. I keep in regular contact with my building society, getting an accurate balance each month and over paying every month, even if only by a few hundred. Our finances are so finely balanced that an over spend anywhere results in less going into savings and mortgage over payments.
I run my family finances like a business. I try, as accurately as possible, to predict how much I will need over the year. I work out annually: home and contents insurance, car insurance, boiler insurance, car service, dental checks, optician checks, costs of tyres and then work out an annual total and then set aside one twelfth of that amount plus 15%. I buy these annually and shop around judiciously to find the very best deals. I then check whether I can purchase them through quidco after using price comparison sites.
We keep a close eye on our energy and water meters. I check that I am on the lowest tariff and use price comparison sites. I read my own meters and submit my readings on line. I keep a close eye on my water meter as I have no choice but to use the most expensive water provider in the country. I calculate the amount of water I have used and make a monthly payment online where I also pay another 15% to take into account the standing charge. I’m sometimes in credit, but only by a few pounds so I’m usually very accurate.
Costs are rising and every one of us will have to be constantly mindful of not only what we spend but how much we save to cope with rising costs. I need Stoptober more than ever. To make sure I don’t spend a single penny, I’ve purposefully left myself without any and have emptied my account into my mortgage on the 1st of the month and have not waiting until the end to put in what’s left. Dearly Beloved and I will sit down and do what we do every month and look at what we have left that we can put into other saving funds. There is no budget for going out any where at all, there is no budget for a cup of tea or so much as a stamp. If you are serious about paying off your debts or paying off your mortgage early then you need to get real and pay everything you can at the beginning of the month. What ever I have will do.
I did my week’s shopping this month. I bought meat at the weekend and we’re eating out of the cupboards and larder. I bought two tubs of sunflower marg, 18 free range eggs, 6 litres of skimmed UHT milk, one punnet of cherry tomatoes, one head of celery and one cucumber - £8.75 and £3.25 for any other food for the rest of the week.
Oh boy - do I need Stoptober and I am so glad I won’t be doing this alone. Join me and others on Twitter for #FQstoptober and let’s keep each other going through this long lean month as we do what we can to make financial provisions for tomorrow! If you see a good tweet or blog with others cutting back this month, then lets share #FQstoptober. It’s tough for all of us and the least we can do is support each other.
Until tomorrow,
Love Froogs xxxxxxxxxx