Norcy91
Member
Registered: 15th Sep 08
User status: Offline
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Right then, basically i'm wanting to know what all you people do to watch your spending, if you do 
I have a good, steady income which should easily cover what i spend, but i always seem to be struggling 
I'd like to think it's because i need to be paid more, but i've come to the conclusion i'm just shit with money!
The main money i have going out each month is my car loan, gym payment and a bit of rent to my mum each week.
What money saving methods do you all recommend me? 
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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If you have more money you spend it. Simples
Just set up a direct debit to a savings account when you get paid and try to forget about it.
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Best approach is to just think about what you spend and make sure you never pay too much for anything.
Are you buying things cash or on a debit card? The latter being better for record keeping.
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Nath
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Registered: 3rd Apr 02
Location: MK
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Some people get out a lump sum on payday and use that cash as their 'spending money'. I on the other hand just spend and hope I dont run out 
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Paul_J
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Registered: 6th Jun 02
Location: London
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Read 'rich dad / poor dad' - ideal for this.
http://www.amazon.co.uk/s/?ie=UTF8&keywords=rich+dad+poor+dad&tag=googhydr-21&index=aps&hvadid=17221993790&ref=pd_sl_24bpsh1oyr_e
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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That's what I do nath. Pretty bad really lol
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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John
Member
Registered: 30th Jun 03
User status: Offline
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Is there any subject you've not got a scheme book for Paul?
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Norcy91
Member
Registered: 15th Sep 08
User status: Offline
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Well i seem to spend little bits of money here and there, and this seems to be my biggest problem. Majority of the time i'm buying my lunch at the co-op nearer my work, i'm having to spend quite a bit on petrol going to work, college and my girlfriends.
Then there's football i have to pay for twice a week as well. It all adds up but i can't keep track of it
My brother has just bought himself a cheap diary and started writing in it exactly what he buys each day and totaling it up, reckons it's been working for him?
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Tom G
Member
Registered: 4th Aug 08
Location: Cheshire
User status: Offline
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Dont need a diary really, sure their will be an app which lets you tot up numbers, easier too
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by John
Is there any subject you've not got a scheme book for Paul?
haha pretty much no. I read a lot of stuff, from psychology, nlp, philosophy, social dynamics, trading, programming, business, finance, life style, health, self improvement and occasional fiction.
The other day I downloaded 976 kindle books 
[Edited on 10-10-2011 by Paul_J]
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John
Member
Registered: 30th Jun 03
User status: Offline
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Do you read them all? I think I've got that package, not really looked at it though.
Reading that free radicals book atm.
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Tom J
Organiser: South Wales
Premium Member
Registered: 8th Sep 03
Location: Bridgend
User status: Offline
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take packed lunches you will save a lot. do a weekly shop at lidl some good stuff there much cheaper.
try and minimise your car journeys, even though it sucks because i live further out from work etc i try and do shopping etc or other errands on my way to from work to save going out on a day off, saves a fair bit, adds up
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Tom J
Organiser: South Wales
Premium Member
Registered: 8th Sep 03
Location: Bridgend
User status: Offline
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make up a spreadsheet of your expenditure, keep your receipts and total it all up and you will see where you are overspending
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by John
Do you read them all? I think I've got that package, not really looked at it though.
Reading that free radicals book atm.
yeah there are quite a few classics in that collection. Quite a mix in there though. Rich dad / poor dad was just one I had seen mentioned before and decided to read it, it's quite short so could be read in an evening, but it's quite refreshing to read and ultimately would answer this guys question.
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3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
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I look after my pennies, apparently my pounds will be looking after themselves, got loads of pennies now, so hope the pounds don't let me down or I'll be pretty annoyed with them.
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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I use an app called pocket money, monitor all my spending!
Made me see where I was wasting most money and what I could save!
Just have to ensure you put every spend in it or bit pointless!
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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harrisp
Member
Registered: 15th Dec 07
Location: Derbyshire
User status: Offline
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Take a pack up to work otherwise you will spend a fortune in food.
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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Internet banking is one of the best things I've ever done for money budgeting. I have cancelled about 5 direct debits that I didn't even know was coming out. I had 3 lots of phone insurance doing the same thing, paying £35 a month in phone insurance :-/
I am trying to cut down on fast food. Other than that if I want/need something then I buy it. Only time I have to really think about whether I can afford it is big purchases and might put them on a credit card to spread the cost over a few months.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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got money, buy stuff. got no money, dont buy stuff.
thats the extent of my budgeting
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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quote:
Originally posted by Norcy91
i'm buying my lunch at the co-op nearer my work ...
i'm having to spend quite a bit on petrol going to work, college and my girlfriends. ...
Then there's football i have to pay for twice a week as well.
What is the alternative to lunch at Co-op?
Petrol you can't really lose without not going to places and the only one there you can cut is the girlfriend, not ideal.
Football as well you can't really lose without altering your weekly regime. Although is it essential that you pay for it? Is it indoors or something?
Record keeping is one aspect of it but you must know when you are spending money. Whenever you spend it, question it. Is that the cheapest/best value way of doing what you need to do.
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AlunJ
Member
Registered: 3rd Apr 07
Location: Newport
User status: Offline
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I keep a spreadsheet of my regular outgoings, put in what ive been paid for the month and it works out what I've got left to play with.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by AlunJ
I keep a spreadsheet of my regular outgoings, put in what ive been paid for the month and it works out what I've got left to play with.
I do this. Simply Excel spreadsheet which has my income for that month (as I often get paid commission) plus all my fixed outgoings. This also enables me to add unplanned outgoings such as car maintenances, Christmas etc etc.
You can then easily see what you have left and then can spend according to that.
I also bank with Barclays and within my current account have e-savings accounts. I have one for petrol, one for bills, one for savings. So I transfer all out of my current account on pay day, and then transfer back once the direct debit is due or when the direct debit has come out.
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by Nath
Some people get out a lump sum on payday and use that cash as their 'spending money'. I on the other hand just spend and hope I dont run out
Got it in one I fear ATM's after a heavy night.
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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If you're shit with money, open up another bank account and set up your direct debits etc. from there.
Then when you get paid each month, transfer the money to cover these payments and the rest of the money you have left in your original account will be your spending money.
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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I don't have a fucking clue what is in my bank from day to day
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