Friday, 14 March 2014

Budget update March 2014

The budgets have been drawn up and spending is planned and allowed for. I came in £4.72 under target in the food spend for February which I am very happy about. I was determined to hit this target. Come the last few days there were a couple raised eyebrows on what was served up for dinner from the other half. I simply said it's ifits. If it's there we are eating it! 
March has started rather nicely and calmly. I have discovered the Money Hub app from Yourwealth.co.uk. This is an app that does it all. It allows you to budget your spend on each area of your spends and allows you to link these budgets to your bank and savings accounts. It also enables you to do some future financial planning such as setting savings and debt goal and works out your financial worth taking into consideration what your assets and liabilities are. 
It updates regularly so takes out the hard work of updating budget spreadsheets, but it costs £9.99 a year. This is worth it in my eyes there is no excuse of not having enough time to update as it is all done automatically. Therefore I have no excuse not to know what I have left to spend and where I have to make cutbacks.
A great app to have for on the go financial management.


Now back to business...
We are nearly half way into the month and I am on track to come in under budget for everything. I have had to move some budgets around though. There was some body lotion on offer at superdrug that I needed and wanted to take advantage of a buy 1 get 1 half price deal. Therefore I have decided to cut my fuel budget as this is way there is the most scope for change. Easy enough as I was under last month. I find it so liberating to be able to chop and change my budgets according to the current months requirement. There is simply no point in beating myself up about going over on one element. This is not set in stone and should be flexible within reason.
Do you change around your budget?