Wednesday, 29 February 2012

Extra Day!!

No Spend days: 32

I have been so busy rearranging my plans for the year that I haven't had time to do any updates on anything. Today is "leap day" that day that comes once every four years so I have an extra day to quickly up date my blog, no excuses!

I haven't completed my budget for the month and know I am over budget but haven't done too bad (I hope). February was quite a simple month not like March which includes my trip to Venice, Italy. A holiday I am really looking forward too as I haven't had a holiday since last summer, when I went up to the north of England to walk Hadrian's Wall.

The final budget for the month will have to be worked out later and my goals for March are as follows:
  • Saving £300 and £800
  • Expenses £250 ( this has been rounded up)
  • Flexiloan £260 (yes some debit is back again)
Having told everyone that I would be home for my cousins wedding in August for a few weeks I have had to call my Mums and tell her that I will probably not be home this year at all. (Always hate doing that)
So instead of flying home to New Zealand in August I will be flying to China in June and will spend a month there doing a TEFL course (Teaching English as a Foreign Language). As I am dyslexic this is going to be a great challenge and so I am swotting up on my grammar like crazy.

Wednesday, 1 February 2012

February Budget

19 daysI start this month with a short fall from last month of £43.42 - not a great start for the year. So I am hoping that this will make me a little more wary with regards to my spending.
My budget is pretty straightforward:
  • Expenses £250
  • Savings £850
  • Sundry £500
  • Spending £120

Simples! but after tax my income for this month is only £1,600 and as I have a short fall from last month of £43.42 it means I have less than no spending for the month. I really don't want to reduce my savings. (The sundry £500 is a one off payment) I don't want to use my emergency fund but I will have to for February. As I am having a holiday in March I don't think I will be able top up my Emergency fund until April at the earliest. Not good but better than being in debt.

The tax year ends on the 5th April and I would like to fully fund my ISA by then but will be short by £840. Should I use my Emergency fund to do this, as it will leave me with no safety net for a month or two. What do you think? Would that be good or bad?