For years my finances have been dreadful. I don’t have a clear idea of how I spend my money, and ended up deeper in the red every month. Things are a little better now, mostly because my salary went up, and because I put repaying my student loan on hold for a while.
I need to take stock of where I am.
- get a clear idea of monthly income vs expenses
- end a month in the black
- pay taxes that just came in the mail
- pay upcoming dental costs
- pay back loan from S.
- look over my insurances, any changes that should be made?
- put money in savings account. first goal: 1 month of salary as emergency backup 8 months ago
Money is a pain when you haven’t really got enough… and when you are used to having a certain amount then it is a problem trying to get by on less.
I haven’t really got any cause to complain. I am in a job which pays, I have been in my house, which we are buying on a mortgage, for more than a decade, and in ten years it will be mortgage free. But I used to earn in the order of £10k more than I do now, and the change is still taking some getting used to.
On the upside, I live in a country with a national health system so I don’t have to worry about medical insurance, my daughter is in a good infants school which we don’t have to pay for, so I guess the important things are covered.
I need to return to my ‘normal’ state of thinking, a more ‘glass half full’ state of mind than a ‘glass half empty’ one.
And I need to do the various bits and pieces which will make sure that I am paying my way, budget my spending properly etc. My aim should be to be debt free (apart from the mortgage) at the end of 2013.
Some things to help:
- Consider doing some extra out-of-hours work, possibly freelancing.
- Pay down credit card bills so that I am not paying interest
- Only buy things I need 11 months ago
I want to figure out how much my best friend and i owe eachother then get the difference off her. I want to make a monthly budget and stick to it. I want to find a job or extra way of bringing in more money and save it up to use on an investment. I need to become more aware of what i spend. 18 months ago
Gonna do this next 23 months ago
Changed my pay details 23 months ago
now to sort out savings. 2 years ago
Need to transfer money from my icici account to santander account before i decide what to do with the extra cash reserves. 2 years ago