Wednesday, 31 August 2011

Months End

What happen to summer, we have had a horrid month weather wise here in London. What happened to global warming? Oh well.......
My saving plan for the month is completed but because my pay cheque wasn't banked until Tuesday (as Monday was a bank holiday), it will not clear until Friday so I will transfer another £250 into my Freedom Fund then.
September is going to be a half month as I have two weeks holiday but will still plan to save a minimum of £800.
So on Monday I am off up north to walk Hadrian's Wall, all 84 miles and am really looking forward to it. The weather should be terrible, wet and windy but I figure if that is my expectation all should be well and I may even get a nice day or not. After my walk I will be spending a few days with my god kids, so expect to spend a little money while with them.

Thursday, 11 August 2011

August Catch Up

July has gone and the tax bill is paid for, for another six month. With the chaps from Her Majesty's Revenue and Customs dealt with I feel very free to start planning my finances for the rest of the year.
But before I can get to excited I have to reveal that I have had to purchase a new computer as my last one died on me suddenly. I had had it for just over five years so it was to be unexpected I guess but none the least I hadn't plan to have to replace it just yet. Thankfully the local Curry's store was having a laptop sale on, so I was able to replace my computer for one that was more powerful but less than I had paid for my last one. (I always think that, that so great)
So my current finance plans are;
  • The computer purchase has been paid for via my Emergency Fund so I will need to start building that Fund up again.
  • Keep up planned saving, which are £500 into ISA and £300 into Regular Savings.
  • Set aside 28% of income for taxes and national insurance.
  • Share builder account depositing £100 per month.
I have decide my staycation will be in early September and did all the bookings at the end of July to keep the costs down. My travel is less than £40, that's for return train tickets to the north of England. Savings of about £100 for the travel and I also booked a night in a central London hotel for £49, which is also a very good price. For my trip I am going to walk Hadrian's Wall - all 84 miles of it!

Last month like June I did spend more than I should have on online purchases but ended the month on budget, which is always the main goal. Still debt free!