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How much spending money a week?


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Poll: How much general 'spending money' (ie not groceries, petrol, bills) do you allow yourself each week?

How much general 'spending money' (ie not groceries, petrol, bills) do you allow yourself each week?

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#16 carls

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Posted 14 June 2006 - 12:52 PM

We allocate $40 each for spending. I usually buy a magazine or something like that, some weeks I save it to buy something bigger like CD etc.

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.
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#17 Old_User

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Posted 14 June 2006 - 04:41 PM

I voted for no control....which is really bad unsure.gif

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 tongue.gif 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 ph34r.gif
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#18 Renee`

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Posted 14 June 2006 - 04:47 PM

Generally whatever we want we buy it...although we really wanna start doing things to our house so for 'fun' stuff it varys...when klay is home - generally we get $200 a week - but when klay isnt home i usually limit myself to about $100 a week - which is usually easy coz i work i dont have time to spend money...
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#19 lazuli

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Posted 14 June 2006 - 05:02 PM

we don't have limits - we have budgeted what we need for bills, food, mortgage (and extra), and savings, and whatever is left over from our pay, we can splurge on what we like.

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...
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#20 hubby33

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Posted 15 June 2006 - 11:42 AM

I definitely agree with what a lot of people have said - you will usually spend up to your limit, so it's dangerous to set one. That is the main reason why our 'limit' is so small ($20) is because otherwise we'd probably spend heaps more on crap during the week. I like the mental block which makes me stop after about $10 of crap spending (eg coffee, snacks [rare]) - realistically the other $10 is usually spent on groceries/house stuff which we need during the week.

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.


#21 Hamilton

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Posted 27 June 2006 - 08:27 PM

I voted no control...I used to have a spending budget of $150-$170 per week for things like petrol, coffee, weekly lunches etc.....

But now that i'm not working anymore (as of this Friday) its whatever "pocket money" I can wrangle off the money bags husband ph34r.gif

#22 Mrs Meyer

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Posted 27 June 2006 - 09:08 PM

Hi,


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. smile.gif

#23 Channy

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Posted 28 June 2006 - 08:53 PM

We budget $150 spending money each per month - which we can spend on anything we like. We are trying to pour as much as possible into our mortgage - so we have to set a limit. We do okay on that, we really look forward to it each month!
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#24 Cate

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Posted 29 June 2006 - 09:58 PM

I voted 'no control' but inspired by this thread I drew up a budget and was shocked at just HOW much money we spend on nothing! So starting from last week we are limiting ourselves to $100 per week each. This will be for movies, coffees, magazines etc. We are taking it out per fortnight in cash and plan to never use eftpos for personal spending again!
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#25 ~Camilla~

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Posted 30 June 2006 - 11:27 AM

Each week I start off with $50 which I buy my train ticket with then from that money I buy my lunch one day of the week.

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.
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#26 T'sPrincess

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Posted 06 July 2006 - 06:14 PM

i usually spend about 60 - 70 a week on things like going out, coffees, movies etc its a bit much im hoping that i can cut it down to 30 a week

#27 Leilahbabe

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Posted 06 July 2006 - 10:30 PM

After receiving my salary I first make sure that there is enough in the bank to pay off the two mortgages we have on our two investment properties and leave that in my bank account. I then throw an extra sum of money, amounting to the total sum of mortgage repayments for that month on to one of the mortgages (am trying to pay it off much quicker). This leaves me with approximately $150 per week, which I can use to splurge on whatever. Hubby saves his own money on to our nest egg. Don't know how much he uses for splurge money.

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#28 TK3

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Posted 07 July 2006 - 12:38 AM

ATM we spend little as with the wedding and BILLS POPPING UP LIKE MUSHROOMS mad.gif

but generally it was about $70, I tend to buy alot of furniture with my money.

#29 AKS

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Posted 20 July 2006 - 09:02 AM

We have $50 each a week to spend how every we want. All other social activities lunches, dinners out, movies , DVD's etc come out of the entertainment budget, which is varied each month, dependent on what we have planned for that month.
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.


#30 Erasing the digi footprint

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Posted 20 July 2006 - 01:31 PM

I disagree with some of the posters above about the set amount being spent- we do it for exactly that reason- to be spent!!! (guilt free).

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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