Our One Income Family Budget (March 2018)

March was a great month because we went on holiday up to Northumberland so of course, we spent a little bit more especially on groceries. Now we also continued with our goal to get our house as finished as we can to put it on the market, and I can say the end is in sight.

So here are our Real Figures.

Expenses

Mortgage: £755 – We have been paying this amount for many years and is something that is very manageable for us.

Water: £31 – Our water bill comes out every month and last year we were in credit so a deal was made to reduce the monthly direct debits. Of course, this figure could go back up if we start using more water.

Gas/Electric: £73 – We have switched a few times with different providers of our gas and electric to make sure we are getting the best deal for the amount we are using. The last company we used kept us on a low monthly payment which ended up seeing us in debt at the end of the year and having to pay a large lump sum.

Internet/Phone: £14.99 – This year we have paid our phone bill in one lump sum which you can check out from the January’s expenses, and now we have small monthly payment for the rest of the year for internet.

Mobile Phones: £30 
– Doug and I buy our phones outright and then pay a sim only monthly deal (no contract) with a certain amount of free data and minutes/messages. It is £7.50 each package from GiffGaff, but on occasions on the 31st of the month, Doug’s next month’s payment would come out as well meaning we paid twice for him. This month for some reason we both paid twice, mine for last month and this month, and Doug’s for this month and next months.

Credit Card (Includes Groceries and Petrol): £538.71 – This is STILL incredibly high and has been something I have been working on to decrease each month. It primarily includes groceries and petrol, but the odd payment from B & Q or Wickes can find itself on here. I must add that we pay this off in FULL every month.

Extra Groceries: £189.10 – Sometimes during the month we find ourselves having to nip out for some extra groceries that we may have run out of. Plus we needed groceries for our accommodation when we went up to Northumberland.

Petrol: £65 – While travelling up and back from Northumberland we needed some Petrol which we paid for out of or account rather than use the Credit Card.

Eating/Drinking Out: £53.42 – We like to go out and socialise or have a family treat each month and the girls really love it.

Home Improvements: £93.73 – We are going through this year trying to do as much to our house as we can as we will move house, so each month we might just have some home improvement costs.

Personal Money: £114.38 – Doug and I have an allowance each month so we have a little bit of freedom to buy some things we need or want for ourselves.

Events: £107.99 – When it comes to birthdays and events I try not to go over the top with buying costly items. This month I had to pay the last amount for my friends Hen Do which of course is a must.

Train Ticket: £43.20 – Towards the end of last month Doug’s bike broke and so it meant that he had to get the tube in London. This is an added cost on top of the season ticket we pay each year.

MOT/Service: £194.99 – Each year we get an MOT and a Service because we don’t want to find out later down the line of expensive problems.

Holiday: £52 – While we were away we treated ourselves to some books at Barter Books and extra treats for the girls

Passports: £274.47 – With the price hike on passports starting at the end of the month I knew it was the right time to renew ours and get the girls their first passports.

Account Fee: £5 – This is our banks account fee that we pay every month, but like most things, we constantly look at other companies to see whether we are getting the best deal. 

Total: £2,635.98

This leaves us with £257.88 when we take it away from what we had coming in from Doug’s Wage, Child Tax Credits and Extras. This means we have some money to save and put towards Doug’s season ticket and other yearly expenses that crop up.

See you again next month.

How did your March budget go?
Are you in the green or red this month?

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