Welcome to No More Spending; our money adventures as we attempt to pay off our mortgage by December 2015, move abroad, and reach Financial Freedom by 2020. You can read more about this site here and subscribe to get all the latest updates sent to you by email or RSS feed here.  Thank you for visiting!

29 February 2012

Budget Round Up: February 2012

Things sort of went to plan this month, it just looks like a lot of spending when it's all written down! Anyway here are the figures for February, and an update on our financial goals for the month.

Expenses:
(click on image to enlarge)


Spending:
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  • Grocery spending was over budget by £2.90 but I'm still very happy with that!
  • The bulk of my own personal spending allowance £65 went on my kids
  • I was very lucky and received birthday gift money, so was able to treat myself to a few items of sleepwear and a magazine. 
  • Hubby paid for all our eating out this month - approx £50
  • The cost of our sponsored children has gone up, but hubby is picking up the amount as the money comes out of his personal checking account before he sends money to the joint account.

February Financial Goals:
  • Make extra payments to our mortgage to get the balance down to five figures: YES!! The mortgage will be sub £100k when we get up tomorrow morning!!
  • Make at least £300 above and beyond and regular income: Yes! Although technically a lot of it was carried over from the end of January!
  • Contribute £500 to our travel fund: Yes, added £704, but we spent it! 
  • Contribute at least £250 to our long term savings: No. Added £138 due to above extra
  • Keep our grocery spending to £150: Nearly £2.90 over.

Let me know, how did your February budget plan go? 

Back tomorrow with a Net Worth update and a 5 figure mortgage...hopefully :)

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6 comments:

  1. We definitely spent more than planned. Hoping for a better March!

    ReplyDelete
    Replies
    1. I'm sure it wasn't too bad Michelle - good luck for March :)

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  2. I had no budget for February, but will get on board for March...
    Looks like a fabulous Feb. for you, well done..........

    ReplyDelete
    Replies
    1. Hi Maureen and thank you. Good to see you back on board (with budgets and blogging) :)

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  3. My spouse paid out of his own allowance for the two meals we ate out this month, too :)

    ReplyDelete

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