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:
- Pay 1st payment for 2011/12 tax year in full.
- Save £300 in my regular saving account.
- Save £500 in my ISA.
- Keep to my expenses budget of £200 (ie. don't overspend on my phone or Internet usage)
- 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)
(this one is a big one for the UK)
2 comments:
thats great that your dad texted you :)
Thanx Louise it has made my Christmas!
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