March has been a month full of fun and this is reflected in our end-of-the-month bank balance. At a first glance, being of budget was slightly disappointing but after assessing where the money was spent, we felt a little less concerned. It’s not as bad as it looks; because petrol and food carries across from one month to another it means money is spent on these thing at the end of the month even though the produce will see us into the new month.
Here’s how we did:
We STILL haven’t got internet so no money was spent here.
We did so well in February but we did a full shop at the beginning of March and required another in the last week which meant two big shops in one month even though about two thirds of the produce will be consumed in April. Even this being the case, we still came in £50 below budget. Looking at our shopping pattern over the last three months I feel a monthly food budget of £250 would work well but we shall give it another month to test my theory.
Hurrah! Spring is here and our electricity spend is proof. We have almost spent just half our allowance which is comforting. Maybe we could try and get our spend down to just £30 over the summer as we shouldn’t need any heating at all. We are living quite comfortably; the heating is on in the front room all evening and we always put the electric blanket on before climbing into bed. We could spend a lot less if we really tried but we feel that a good balance of saving money and enjoying ourselves is important.
Oh dear! What happened here? Well, like the food spend, it’s quite easy to explain; we filled both cars up right at the beginning of the month and 3 days before the end of the month (and several times in between) where as in February the final fill up lasted the last couple of weeks of the month. We also visited D’s parents the first weekend in March which costs £70 and then visited friends in
which cost around £80 in petrol. We went a lot over budget but the under spend in other areas compensates for this. Norfolk
March was a social month for us. My sister’s birthday was at the beginning of the month meaning some budget was spent on presents compared to no presents being bought in January and February. We ate out a couple of times when we visited our friends in
and went for lunch together last Sunday. It felt like we spent a lot of money this month on social activities but spent just over 50% of our allowance. Norfolk
Overall we went £16.60 over budget but we are still happy with the total considering the amount of socialising we have done this month and the far-away places we have visited. We have pleanty of money in the account left over from underspends in January and February to cover the extra we have spent this month which means there is no need to rely on the overdraft. Next month, the council tacx installments drop to around £75 per month which is £20 less than we are currently paying out but we wont reduce the amount we are putting in the account; we shall just let the extra accumulate for rainy days and incase we go over our budget in the coming months.
PS. How did you do with your budget in March?