We all try and save and something gets in the way. You’re saving for the holiday or car deposit and then the boiler breaks down or the washing machine just can’t be fixed again.
There’s always something isn’t there? Next thing you know, it’ll be school holidays, new school uniform and it’ll be Christmas before you know it.
If you’re interested, here’s how we make financial plans for the year ahead.
Bills and utilities – all our household bills, both here and in France are paid by direct debit and we make sure we only use electricity, gas and water sparingly.
Insurance – we pay house, home content and car insurance annually and have policies that are not automatically renewed. We buy a calendar in December and fill it up with the renewal dates and write in reminders in each of the three months preceding. I also set up the next years reminders in outlook in my phone and sync that to my phone. There’s no surprises, I know when my renewals are due.
We have a monthly saving budget, we’ll a few savings ‘pots’. We save more than we leave ourselves to live on so the insurances are saved for and there’s spare money to renew anything we need. The dogs need haircuts, so do we. The dogs might need the vet and we might need dental treatment. We have annual dental checks, bi-annual eye checks and new glasses and we have a budget for that and it all needs saving for.
We also keep a close eye on household appliances, the boiler is serviced annually but we don’t use an expensive company like British gas, we use our local gas engineer. We have our chimney swept annually and know that every year, we have those expenses. They go onto the financial planning g calendar and into outlook with plenty of reminders. We do the same with the car’s annual service and none of these are a surprise and happen every year.
Then, importantly to us, we save for four ferry trips to France, which with a car, two passengers and three dogs and that’s a priority to us so we make January and February our pay for the the ferry trips months.
All this might sounds as if every month we are saving for this or that and leaving us without ready cash. So we don’t go crazy, we set aside a small amount of money for something nice to eat once a week and have money for parking to get out and about at the weekend. We also go to the cinema about three times a year and pick up books, games and jigsaws from charity shops. We don’t live like misers but we budget carefully, we think there’s a difference.
My, what I pay, when I pay is just an example so here’s a few ideas of something you might need to budget and save for: school holiday care, school uniform, termly school lunch payments, school trips, birthday presents or party for the children, dental check ups and treatment, holidays, washing machine replacement, car break downs, car servicing or the car failing its MOT, a wedding invite, retirement whip round are all likely to happen and if any of you have children, a car or teeth then they are all expenses that will come up. Notice I said will and not might and none of them will be a surprise.
So, here’s where you can help. Let’s all put together a list of any expense that will happen, maybe not to you, but to someone.
As ever, I look forward to hearing from you.
Love Froogs xxxx