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What does most of your money go on? watch

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    I'm finding I'm not being left with much money at the end of the month, so have been thinking about where my money is going. Where does most of your money go?

    Mine seems to be:

    1. Rent - so expensive now I'm not in a student house
    2. Bills - having to pay council tax etc. now, boo adulting :huff:
    3. Food - wow I spend too much money on food including my weekly shops, when I treat myself to buying lunch at work... and drinks on nights out
    4. Travel - all my spare money goes on holidays and weekends away :lol:

    Any tips for helping money go further? :puppyeyes:
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    Mortgage, Bills, Food.

    Out of your 4 its only really food and holidays you could cut back on. One seems the obvious answer..
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    I calculate how much my bills, direct debits etc will cost each month and how much I would like to save and allocate a set amount for spending. I then withdraw all of the money I need in cash when I get paid, I allocate a set amount for food, petrol, misc items etc, and stick to it. I also don’t take my card with me anywhere. If I go into a shop and forget my food money, I leave the shop.

    This is the only way I could reign in my frivolous spending and actually get my finances back on track.
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    Wine...
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    (Original post by BurstingBubbles)
    I'm finding I'm not being left with much money at the end of the month, so have been thinking about where my money is going. Where does most of your money go?

    Mine seems to be:

    1. Rent - so expensive now I'm not in a student house
    2. Bills - having to pay council tax etc. now, boo adulting :huff:
    3. Food - wow I spend too much money on food including my weekly shops, when I treat myself to buying lunch at work... and drinks on nights out
    4. Travel - all my spare money goes on holidays and weekends away :lol:

    Any tips for helping money go further? :puppyeyes:
    1. Rent - halls are a *****
    2. Food - Probably 15-20 pounds a week for all of my meals
    3. Miscellaneous expenses e.g. washing up liquid, washing tablets, using the washing machine, stationery etc.

    Rest goes into my savings account. I'd like to think I run a pretty tight ship when it comes to money.
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    I have cut down now, but mostly clothes, watches, belts and going out with the boys.

    Money is really hard to get over at my end, I don't have the heart to ask my dad for more money which I always did when I was a piece of **** when I was younger, but, and I swear on my life, currently its been 3 months and I have managed to raise £15 in change through keeping the change when mum gives me money to buy eggs and milk at co-op (since the prices constantly vary). Cant wait till i grow up and can actually work. I hope to make amends to them somehow.
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    (Original post by BurstingBubbles)
    I'm finding I'm not being left with much money at the end of the month, so have been thinking about where my money is going. Where does most of your money go?

    Mine seems to be:

    1. Rent - so expensive now I'm not in a student house
    2. Bills - having to pay council tax etc. now, boo adulting :huff:
    3. Food - wow I spend too much money on food including my weekly shops, when I treat myself to buying lunch at work... and drinks on nights out
    4. Travel - all my spare money goes on holidays and weekends away :lol:

    Any tips for helping money go further? :puppyeyes:
    Just over 50% goes on rent and all our bills and I'm hoping to be harder on myself and save 20% every month, the rest is clothes and other things.
    You could cut down on travel and food, if you go teetotal on a night out that makes a difference and if you take your own lunch that would help. I spend about £6 a week on lunches for four days, I take crisps, a cereal bar and 50p noddles, much better than when i used to buy £3 tesco meal deals every day.
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    (Original post by claireestelle)
    if you go teetotal on a night out that makes a difference
    Yeah, a difference to your level of fun
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    The answer would be rent if my parents didn't pay it directly.

    Clothes.
    Eating/drinking out and clubbing.
    Food for when I eat at home.
    Wine.

    In my first year I used to spend a lot on taxis (and more on wine), but my parents cut my monthly allowance by 300, thinking I was wasting money in clubs, so now I've reduced that somehow.
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    Probably holidays. I usually only have one a year but they don't come cheap. Last 2 were to Japan and New York.
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    Monday to Friday spend £20 tops on lunches and what not, then the weekend comes and I manage to bankrupt myself in 2 days ( usually nights out ). Currently live at home and trying to save around £8/900 p/m but proving very hard since I get so bored at weekends if I don't.
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    Alcohol.
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    (Original post by UWS)
    Alcohol.
    I tried saying it this simply myself, but felt the need to explain my poor life decisions
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    Excluding all the necessities like bills, food shopping etc - probably candles :teehee:
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    (Original post by Rum Ham)
    Excluding all the necessities like bills, food shopping etc - probably candles :teehee:
    You sound like my flatmate.
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    Running - races, shoes, a watch, weekends away (because for some strange reason it's cheaper to spend the extra night in a hotel than it is to come home on a Sunday) and other running kit.
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    After my rent, other bills and food and drink, the rest mostly goes into a savings part of my account and I'll occasionally treat myself to new clothes.

    My rent is the most expensive and I pay my gas and electricity bill combined, quarterly and it very rarely exceeds the £100 mark in total.
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    The big food shop, mainly.
 
 
 
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