No. For the 8th month running.
If not, why not?
Spend was £267 over budget. Although the budget caters for a certain amount of one-offs, we had a few this month. £250 on a new Sofa. Not ideal, but a good bargain and the last one was on it's last legs. Also this was a high priority on the Mrs's list for 2016. We also spent £225 on fixing the car and £176 on my brothers 18th birthday.
So 2 extravagant, possibly unnecessary expenses, which without these we would have been under budget by £200~.
Any positives?
The primary positive was the decision to accept that I am having to repay tax via my income tax instead of a lump sum. This allowed for the £800 put aside for this to be put direct onto the Credit Card, which is now down to £6,200.
Credit Card variable spending was also the lowest we've had since records begun (July 2015) and the first time under budget.
Lessons / thoughts?
Separating out spending from Debit and Credit card makes no sense. It is still variable cost. So will condense these into one now.
Expectations for next month?
TV Licencing due (£145).
Can't think of any other large investments right now.
Effect on overall finances?
S Student loan – £336 was paid off direct from payslip. Total remaining now is £7,803
· House loan – £298 was paid off direct debit. Total remaining now is £8,931
· Credit Card - £962 was paid off. Total remaining now is £6,200
Total debt reduced by £1,596
Total debt reduced by £1,596
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Total Debt = £22,934 (Student Loan is £7,803; House loan is £8,931 ; Credit Card loan is £6,200)
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