I am not one of those lucky people that earns a lot of money or inherited a fortune from a distant aunt that they’d never met. When I am not blogging, organising events, writing fashion pieces or performing at children’s parties – I work in administration. One of the things I must stop doing is introducing myself and what I do as “JUST admin”. One of the downsides of working in administration is the pay packet does not lend itself to a lifestyle flooded with Jimmy Choos, French beach-houses and a walk in wardrobe that Carrie Bradshaw would gasp at.
My finances have always been a concern. I moved out of home as soon as I started university (with my then boyfriend) and was living off my very first credit card while trying to find second and third jobs. I have never saved and therefore have always been petrified that “something untoward” may happen and I wouldn’t be able to pay for it. Funnily enough, a lot of us in our twenties live like this, in a terrified state of financial disarray. It usually doesn’t bother us because we tell ourselves that we are living in the moment and ‘we could die tomorrow’.
The voice of the QLC keeps reminding me that I have no savings and therefore no security, but the positive voice in my head points out that I do have something to show for it.
– I own the furniture and white ware in my apartment
– I started an events business (yes I lost a lot of money, but I learned a lot from the experience)
– This trip to Europe will be my second and I visited Bali last year
– I have moved countries (which takes a lot more investment than my 22 year old self thought).
However, I promised that I would analyse my spending and that is exactly what I’ll do. Here is a month’s worth of spending in the form of a colourful (and expensive) pie chart.
Doing this exercise made my jaw drop. How could I possibly have spent this much money when I was aware that I had to save for an overseas trip (3 months exactly today)?!
Over $500 a month on food seems ridiculous, but is actually under $20 a day (horrifying when it adds up though)! Most of the spend in Photography was on a 2 day course to learn how to use my camera, the Dentist couldn’t be avoided any longer (don’t put things like this off!) and looking at how much I spend on the gym did make me wince.
There will always be costs that crop up (renewing my P O Box and presents for Mothers Day and birthdays), but for the most part costs can (and will) be cut.
Next month’s goals:
- No money spent on Photography
- Borrow Magazines rather than buy them
- Spend less on Stationary
- Spend less on Food by eating more home-cooked meals
- Try to think of Presents you can make/create rather than buy