budgeting plan, fEAsible, financial focusing, goal update, wEAlth

Financial Focusing update #13

My last day today focusing on the finances.  It is funny that I should end my updates on number 13 – unlucky for some maybe but I have potentially saved a lot of money over the last month with my bills and my task today is to revise my Housekeeping budget.

I have noticed on my travels that one persons Housekeeping is not comparable to another as they encompass different categories.  So that you are not in any doubt I will set out exactly what comes under the heading of Housekeeping in this household.

  • Car Wash (hubby’s company car)  -birthdays and high days as they say – usually in preparation for my mums visits.  Mine stays dirty most of the time.
  • Extra Cleaning Products – usually from Wilkos
  • Groceries / Wholefoods / Drinks / cleaning products
  • Lunch and Snacks at work – these are bought lunches – the cost of packed lunches would come out of the groceries budget
  • Medicines / Remedies / Supplements – anything to make or keep me well
  • Mobile Phone – hubby – only used at the cottage
  • Mobile Phone – me – emergencies
  • Parking charges (non contract) – usually on shopping trips and days out
  • Petrol – my car
  • Postage
  • Stationery
  • Toiletries and make-up

For 2013 this is how my housekeeping spending looked

Housekeeping Budget for 2013

A grand total of £5,220.26 or £100.39 per week

If you look at the Groceries and wholefoods this is the biggest spend at £3168.98 or £60.94 per week.  £10 over my original budget of £50.

So my challenge now is to reduce the amount for the total Housekeeping and this will mean identifying where cuts can be made.

Toiletries and Makeup

The total spend on some items is more of a shock than others – £521.84 on Toiletries and make-up when I only wear a bit of mascara and lip-gloss.  The rest is on beauty creams (though they obviously don’t work that well for the money!), shampoo, shower gel, body cream and cotton wool.  I always use the Boots money off vouchers and gain points so I wonder what the full amount would have been.  I like the products I buy so I can only use less and make them last longer or ask for vouchers as birthday and Xmas gifts.

Medicines / Remedies / Supplements

The other shock is medicines, remedies and supplements – now this category may contain some wholefoods in the figures as some items are on the same till receipt and I may not have split them out.   The total was quite a shock and even though Vitamins and supplements are quite expensive £11.85 a week is a steep figure to keep healthy.   The only medicine I buy is dissolving Paracetamol as I have some training in using Homeopathic remedies.  The biggest spend will be the supplements which will include my daily Vit D, Krill oil, EPA oil and Vit B12, because I am vegetarian and  Aloe Vera juice and Acidophilus for my digestion.  I do believe in keeping myself as healthy as possible and I am hardly ever off sick – I certainly haven’t had a cold this year.   The Thyroxine that I take is free on prescription for life because I will be dependent on it for life and keeps me from being Hypothyroid.

Petrol

My petrol costs me £8.29 a week – again I will only fill up when I have a money off voucher from Sainsbury’s.  I must read up on how to cut fuel costs I think there are certain techniques you can employ when driving to reduce consumption and I don’t mean coasting down all the hills although we have plenty around here.  So just like turning your oven off for the last 5 minutes of cooking I could coast the last 1/2 mile to our house LOL!

Lunch and Snacks at work

My lunch and snacks are actually less than I expected and with more effort I could reduce further –  I had already decided to take two and buy two meals at work each week.  The summer is easier for packed lunches as there is a constant supply of salad – this weather I just want soup.   (Yes I know I could make it myself and I do at the weekend but then we eat it!)

Mobile phones

I topped up my mobile with £20 in February and December – I didn’t quite make the year but maybe could stretch the December top up over this coming year.  The only reason I ran out in December was because I broke down and the very inefficient Jobs Worth at One Call Insurance took so long to deal with the situation.  Don’t they know I am on a tight budget LOL!

Stationery

Stationery – what can I say  – the lure of Rymans is just too much for a girl and all those seemingly insignificant items like display books, plastic wallets, pens and filofax diary inserts that I have purchased over the course of the year just add up.  It is my one weakness (apart from magazines but luckily they come under Leisure in my budget).

So my aim is to reduce these amounts definitely by 10% and hopefully by 20% or more in some categories.

How does this look in figures – take a look at the chart below.

Housekeeping Budget for 2014

The groceries work out at £50 a week and this year I will work on the start I made last year to meet this target.

In addition to this category we have, of course, all the other extra items such as cards and gifts, household contents, decorating, garden requirements, leisure and entertainment, books and magazines, crafts and hobbies and I will be coming to these but maybe not today.

So there we are January is well and truly over now and although I have not done every task on my list I feel my finances have had a good overhaul.  I will be carrying on throughout the year especially reducing the housekeeping which I will log on my blog rerouted.  I will also do occasional update reports but for February my attention will be on my next project.

Have a good weekend x

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4 thoughts on “Financial Focusing update #13”

  1. I think reducing from 100 a week to 73 a week is a very steep cut, 27%! Since you know the supplements you take work well for your health, will you continue buying them and use less, try to find them on sale, or eliminate some? As you say, you were already doing really well using coupons and points on your Boots stuff. I think you are being too tough on yourself, unless you desperately need the money for something else. But kudos to you if you achieve this and it doesn’t hurt too much!

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    1. I will have to think about the supplements. I have to take Vit D on doctors orders and I prefer mine to the presecription ones. Having constant thyroid problems or in my case no thyroid problems does mean my digestion is slow and I certainly couldn’t do without some of the digestive aids. Maybe I will take some of the supplements every other day and that should make them last longer. The Krill oil is £24 for 90 days supply and the EPA £12 for the same. Every so often I take a Bilberry concentrate mixture daily to boost my immune system and this can be £25. So you see how it mounts up but I need to stay healthy so as you say it may be money well spent.

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    1. Hi Denise – your comment made me smile!
      It has felt a bit of a shock to see where all our hard earned money goes – last year I thought I was doing quite well with the groceries but it can be all those other things like creams and supplements that add up over the year. I have never itemised these in such detail before but when I enter my receipts now I am making sure I categorise the items more and then my computer program can produce any report – even tell me which shop I have spent the most money in!

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