The financial month is coming to an end, or as we all know it, the week before payday. It’s time to get out the calculator and look at bills and finances. I’ve been busily not shopping, not putting the heating on, not buying anything and not spending any money. This time, each month, I log onto all of my internet banking sites, my 0% credit card site and check that the balances have gone down. After I’ve checked all of the bills, I go back to my bank account and ’round off’ anything left over. So, a balance of 3873.29, then becomes a balance of 3970.00. When I’ve finally done rounding everything off, what ever is left gets ’rounded down’ to add to my savings account. I usually add around £10 a month extra to my savings account.
I use my savings account to pay for car tax, tyres, servicing and all home related costs. It does mean that I leave myself hardly anything spare at all but I have the huge sense of relief that everything is paid for! I know I have to pay almost £150 a year for car servicing, so £15 of each month’s savings has to go towards that. I know I need about £100 a year for clothes and shoes, so I make sure £10 a month goes into the savings account for that. It all seems a bit pathetic really, it doesn’t seem very much. It might seem really ridiculous after a day at work, to sit and shuffle pennies in one direction or the other. I promise, I’m not turning into Silas Marner! I actually like to end the month with no money left in my main bank account and know I’ve reduced debt and given myself some peace of mind.
Thanks all 2000 of you who clicked ‘Frugal Queen’ yesterday, who became a follower, or who kindly left a comment. I always look forward to hearing from you all.