Managing Our Budget in 2013

An update on how we manage our budget in preparation for the New Year.


Managing our budget and learning to live on less helped us to pay off a considerable amount of (my) consumer debt…..and now that it’s gone, we’re attacking the mortgage – it’s not due to end until 2031, but we would love to have it paid off by the end of 2015, sixteen years early!

To help us do that, we keep a tight control over our budget.

Every month I start with our basic budget (below), and then add in any other expected costs – after that everything else goes to the mortgage.


2013 basic budget
2013 Budget


Personal checking | Joint checking | Personal checking
Personal E-saver| Travel Fund | Personal E-saver
Gift and Mini E-Fund
Freedom Fund
Emergency Fund


  • Both personal checking accounts get funded with wages – me weekly, hubby monthly (on the 20th) – then automatic transfers fund the joint account. The transfers are all of our respective salaries minus our personal spending allowances – we both have the same allowance.
  • We each have a personal e-saver attached to our personal checking accounts – I use mine as a clothing fund
  • The travel fund and gift/mini e-funds are attached to the joint checking.
  • Our long-term Emergency Fund is kept in an ISA and our Freedom Fund is kept in a separate ISA.
  • From the checking account we pay the bills and fund our online savings accounts……mainly with automatic payments.
  • All our automatic bill payments (Direct Debits) are set to be paid between the 25th and 1st of every month and are, where possible, the paper free kind.
  • Grocery is paid for on a cash back credit card, which is then paid in full every month


If you have any questions please let me know?

PS. I LOVE budgets and this post is just an excuse to talk about them!


4 thoughts on “Managing Our Budget in 2013

  1. Hi Laura,

    I think personal checking is a great idea. I do that monthly, although not on my blog.

    I love your money saving goals on your other blog-couldn’t see a place to leave my comment there.

    Sft x

  2. hi Laura, It’s great comparing costs between countries, I’d love to have your gas and electric bill! :)

    do you have the internet on at home? couldn’t see it in the budget

    1. ..I think it’s high lol!

      Re the Internet: Yes we do but (very lucky for us) it’s a claimable work expense for hubby as he works from home a lot.

Comments are closed.