How much spending money a week?
Posted 14 June 2006 - 12:52 PM
We found that if we didn't have a limit, we would go stupid. Since having such a strict budget we have saved over $5000 (since xmas) that we wouldn't have now without the budget.
Posted 14 June 2006 - 04:41 PM
What happens is I make sure that first of all that ALL bills are paid! Every single little one, even if it's not due yet, I still pay it if I know it's going to come out of the same pay packet, that way I know what we have left is for us to use as we please.
We could be saving a hell of a lot more, but as far as i'm concerned as long as we're getting the bills paid and money put aside for the wedding, car expenses etc. then why shouldn't we get to do something we enjoy with our money? We work hard for our money, we should get to have something out of it atleast Obviously if we had to be on a tighter budget (which we've been through and no doubt in future will have to again) we would buy less.
Having said that though, I wish we would save more, because I do agree with phoenix, you only spend what you have! Basically our money goes on me buying lunch every day, which I only spend about $5. H2B takes his lunch most days, because he spends way too much when buying lunch. The rest of the money goes towards what we do on the weekends, when we go out, when we go to the movies etc.
Hehe I started the piggy bank topic, see I set one good example and then ruin another hehehe i'm evil
'Be who you are and say what you feel, because those who matter don't mind and those who mind don't matter.' - Dr. Seuss
Posted 14 June 2006 - 04:47 PM
KBW - 031107
MAW - 220310
Posted 14 June 2006 - 05:02 PM
i would really like to get it more under control though - lunch out every day, a few dinners out, and a bit of saturday afternoon shopping on the weekend can easily work through several hundred dollars a week/fortnight...
Posted 15 June 2006 - 11:42 AM
That being said we don't really have limits because if something comes up socially like a dinner for friends, drinks etc we will usually go anyway (but spend accordingly) but we now manage to keep a good balance on our spending.
When we get paid we divide up the money straight away:
- We put a set amount into savings (the amount we expect to pay on a mortgage by the end of a year plus a good margin for int% increases)
- A chunk into our 'bills account' to cover groceries, bills and other budgeted things (clothes, petrol) [the amount we worked out we needed to put away every fortnight over the year to cover all bills - so we don't get killed when we have both car rego's, elec, water, third party and other bills due in the one month].
- And the rest (not much at all) is left in our spending account which gives us cash for frivilous spending (we get out $40 a week ($20 each)) and then we get out more for work lunches, drinks etc if required. But we don't spend it all every fortnight and try to keep a good buffer for those expensive weeks.
Posted 27 June 2006 - 08:27 PM
But now that i'm not working anymore (as of this Friday) its whatever "pocket money" I can wrangle off the money bags husband
Posted 27 June 2006 - 09:08 PM
My husband and i allow ourselves $50 a week for ourselves. Sometimes i might go over-but we always talk about what we want/need before we buy it.
Posted 28 June 2006 - 08:53 PM
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Posted 29 June 2006 - 09:58 PM
Posted 30 June 2006 - 11:27 AM
But h2b and I have a joint account and then we each have our own single account which we can spend how we like, so occasionally I take money out of that to buy myself something or I get money out of our joint account.
But I have around $50 to spend on myself.
Camilla & Adam - 14 April 2007
Posted 06 July 2006 - 06:14 PM
Posted 06 July 2006 - 10:30 PM
Posted 07 July 2006 - 12:38 AM
but generally it was about $70, I tend to buy alot of furniture with my money.
Posted 20 July 2006 - 09:02 AM
We have a joint bank a/c and found that it was easier to allocate 'pocketmoney' than having to explain random transactions in the statement. We found it eliminated silly little fights.
Posted 20 July 2006 - 01:31 PM
We have 'guilt free' money each fortnight to spend as we wish. DH gets more than me but that is fine as I have less personal expenses than him generally.
He elects to spend his 'blow on sh*t money" on buying lunch at work, beers, triathlon stuff etc. I prefer to take my lunch to work and spend my "sparkly shoe money' on clothes, eating eat with the girls, shoes etc.
All of the rest of our incomes are allocated to certain things- bills, mortgages, savings, holiday and education funds etc., these acounts are for us to have some kind of fun without asking the other for permission each time we spent or even letting each other know what we spend it on.
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