I don't know that my bank balance would agree with the title here but it is the new financial year and I am bound and determined to make it a happy one financially and in general too. I overhauled our budget a month or so back and things have certainly improved for us. I went from a rather laissez-faire system (that would be no system at all) to using the tried and true envelope type of system.
It is all relative though. When I look at our situation, it is actually rather good and we are grateful for what we have and how we live.
|a calendula which has nothing to do with finances.|
Petrol: $60 per week
Pocket Money: $20 per week
Chook food: $10 per week (I think I need to tweak this amount a little)
Tim's work 'syndo': $4 (this is for tea, coffee, milk etc)
Groceries: $150/ week
So far, it is working for us. I'm not sure how the $150 per week for groceries will stand up with Tom at home but I'll try.
I have found that it is easier than I thought it would be and apart from the chook food and 'syndo', there is generally some leftover lolly in the envelopes each week. We had become too accustomed to just going to the ATM and taking out more cash whenever we wanted. Certainly having only $10 pocket money each for the week makes you think twice before you buy a cappuccino.
Menu planning is also key. Without it the system wouldn't work for us at all.
|Snow peas which also have nothing to do with finances|
Our other costs are fairly well fixed and I think we have the best deals we can for phone, insurance, electricity etc. But I'll keep working on it.
Last month I took a big step and gave up my terrible(and embarrassing) addiction to cola. And this month I am adding chocolate to my banned substance list. I'm not sure how easy that will be but my body can only be better for it I'm sure.