We are now in the fortunate situation of being totally debt free, having worked hard to pay off our mortgage and having no credit cards, so the next step is to reduce our monthly outgoings. In order to know where we could make savings, I tracked our outgoings to the penny for a whole month. Oh my! I could hardly believe how much we spent on stuff! It seemed that we were in the supermarket almost on a daily basis, picking up a forgotten item from the previous days shopping, only to add another three to the basket , before you know it, another £17 has disappeared from the account!
In the following month I set a cash budget for food and 'sundries'. My husband has a small amount of cash each week and was charged with trying to stop the gauge at £40 for any fuel fill-up. He gets so cross when it nudges over to £40.01!! I then dug out two ziplock bags and labelled them up with our cash amount for the month £400 for food and £100 for sundries. We also have a savings tin for any small change or anything left over at the end of the month.
In case you are wondering the flowers were a gift from our guests on Friday evening.