Friday, 30 December 2011

Planning the New Year

Hope you all had a great Hanukkah/Christmas!
Now that the festivities are done, it's time to sit down and see what damage it has all done to our finances.
For me - so much for not doing Christmas, I have spent way more that I thought I would on my Godkids and even sent some pressies back home for my younger brothers family. And of cause something for my Mums too.
My biggest thrill this year was a text from my Dad wishing me "Happy Christmas" - haven't seen him since 2000 and last contact I had with him at Christmas was when I was 9 years old.

But back to my finances I will end the month with £500 less in my savings than I had planned for December. So not a good end to the year.
Christmas and New Year are good for me as I get double time and so this will greatly help with my expenses for January, which includes the first payment of my income tax for 20011/12. As I have very little in the way of expenses to worry about next year is now all about saving and paying in cash for all my spending. I am planning some trips in March and in August, possibly even a trip to Africa in May. The African trip is purely vanity - I just want to see my sponsor kids again. It would be better to just send them the monies I would have to pay for my flight and accommodation but I would really love to see them. May is the end of the rainy season and is said to be cheaper at that time. Will see how well I keep to my budget between now and March.
The plan for the next month is as follows:
  1. Pay 1st payment for 2011/12 tax year in full.
  2. Save £300 in my regular saving account.
  3. Save £500 in my ISA.
  4. Keep to my expenses budget of £200 (ie. don't overspend on my phone or Internet usage)
  5. No food purchases unless out with friends. (This for my wast line as much as for my finances)
Wishing you all a very happy New Year!
(this one is a big one for the UK)

And like the pub landlord said - "it's going to be a little bit shit"!


Louise said...

thats great that your dad texted you :)

LisaClark said...

Thanx Louise it has made my Christmas!