August 2022 Budget

I have to admit that I didn't really want to write this blog as we haven't done particularly  well this month at all.  We were already starting this month on the back foot we hadn't been able to build back up the baseline of our joint account to £1000 which covers our regular bills.  I also lost one weeks pay as we went on holiday this month.  Thankfully my husband still got paid for the days he took off, but it still made a noticeable difference not having that one payment.

The other thing was that, even though we knew that this month was going to be tight,  we still spent way more money than we should have done.  Ironically this wasn't actually during our holiday, as we had expected, but mostly on items that will allow us to do more free activities in the future.  Theoretically this is good, but maybe not for this month.

As I knew that the money would be low during our holiday I didn't pay one weeks pension or pay off some purchases I had made with my credit card.  Then there was the week I was off and not earning to I wasn't able to pay these again on that week.  I will need to find a way of catching back up on these two items and if I could do that by the end of September that would be very useful.

That being said, we haven't done too badly on the groceries and eating out spending which I was expecting to be much higher as we were on holiday.  Obviously the fuel was quite a bit more this month from all the driving we did when we were away.  We have still had to move money over from our savings again to help pay our standard bills, but this is a habit we really need to break.  However, by the end of the month we were able to bring the balance of our joint account back to where we want it and put just over £200 back into our savings.  Have to take the wins where we can.

Despite all this I don't regret us going on the holiday as we needed the break and we got to go to a place that I love and have a family connection to, but which Ed has never been to.  We also got to get in a great walk as well, but more on that in a future post.

However, it's now time to get serious again about our financial situation now.  We've known for a while now that it is pretty unlikely that we'll reach our savings goal by the end of this year and, if I'm being honest, that did dishearten me a little bit and put me into a 'why bother' mentality.  I did try and fight it, but sometimes you have to sit with those emotions for a bit to actually get through them.  Now the time for wallowing is over.  We may not reach our savings goal, but we can get closer to it and that's still a good thing to hold onto.  I also now made a visual representation of our savings that I can look at on a daily basis and that should also help.  So, bring on September and whatever that month has to throw at us.