Review of Money Spent in October
As part of my effort to save money for my next cycling expedition around the world, I have started a mini-project to keep track of how much money I spend each day, and then each month. Anyone that has a twitter account can follow my regular daily updates on the subject (which are incredibly thrilling, I know). My twitter account is – @davestravelpage
As it is now the end of October, I have totalled everything up, and found that I have spent £839.25. This is the amount spent that has left my wallet or my bank account over the course of the month. My golden rule is to always pay of credit card bills in full, and pay all bills promptly and on time.
So, what did I manage to spend all that on then?
The big chunk of it is £450.00 for rent. As this is for a two bedroomed house with council tax included, I have got a huge bargain here, and am not going to be changing it any time soon!
The next big chunk was on food shopping. I can't put an exact figure here, but through Tesco's alone it was just over £125.00 for the month. A lot of this was for beer and wine though. This is something that I have recognised, and will be cutting down on in the following month.
The next big hit was for my virgin multi media bill at just over £60.00. This is a contract I am tied into at the moment, but when my year is up in July, I will need to seriously consider whether to carry this on or not. Over the course of a year, it amounts to £720.00 which is easily one and a half months, if not two months travel money.
Another hit was £50.00 and a bit for a night out. Now, I actually had more nights out than this, but I was fortunate that a lot of them were free drink and food nights courtesy of work. In fact, I have about 5 more nights like this out in November and December which are all freebies – can't wait for them!
And that's about it really. Overall, I am very happy with what I spent, although it goes without saying that I am actively looking at ways to reduce my expenditure even further. That said, I don't want to kill my social life off, so I am looking for a happy balance. My goal for November, is to have a total spend of under £800.00… that is something that I feel is easily attainable.