One of the things that used to do my head in when I was budgeting as I was growing up, was the fact that there is not 4 weeks in every month. When I had all my expenses written out on my piece of paper, I based it on one month, as I was always paid monthly. Strangely, every job I had growing up I was paid monthly so I was always a monthly Girl. I always knew the amount of pay I was going to get monthly, so that was where I started. In those days, a lot of my bills and expenses were monthly anyway (until I got more homeowner related expenses after I bought my first home).
However! Being a young girl who generally only went out on a weekend, I used to count the weekends. No, I am not kidding. Realising there was often 5 weekends that fell between my monthly pay cycles was devastating, as you can imagine. Each month, I would either divide the monthly amount by four, or sometimes five. Do you know how much of a difference that made, to my going out money, etc?? I would take my monthly pay, account for all of the monthly deductions and pay them accordingly... then, the “going out money” had to be either split four ways, or even worse; 5 ways! I can distinctly remember the going out money being one hundred pounds (I am English remember). A lot of the months were 4 weekends long and so I had twenty five pounds to spend. Happy Days. When the month had five weekends in it, the going out money reduced to twenty pounds per weekend. I used to fit a LOT of spending in with that twenty or twenty five pounds and Sod’s Law always ended up that the busier weekends – where I needed more money – were on the five weekends in a month. It was a nightmare. I even used to attempt to pretend that there was five weekends in every month – because I thought that might be easier - and then there would be excess cash, but that got way too complicated for my simple brain. The end of the month came around quick and I always seemed to spend all of my money, no matter how many weekends there were in it. Damn it. This Budgeting malarkey was not much fun when I was growing up and attempting to pay for all of my commitments. Adulting was hard! How did the Adults cope (you know it; they charged their teenager rent for a kick off).
Once I became a homeowner (albeit a VERY small unit, that I lovingly called “home”), all of those home owning obligatory expenses came into play. Gas, Electric, Phone (landline in those days!), Mortgage, Rates, Council Tax (England Remember!). Not to mention all of the expenses that I had gotten used to when I lived “at home”; Petrol, Car Loan, Going out money, clothes, etc. etc. As I got older, the frequencies became more varied. I was attempting to pay for things, quarterly, monthly, annually. It was a flipping nightmare to keep up. I kept having to go back to my monthly pay to attempt to squeeze it all in. It never used to fit in. I was forever working out an annual amount for something, and then dividing it by twelve so that I could account for it in my monthly budget…. Sometimes, there was not enough to cover it all (even with all my side hustles) and so something had to give. Often my clothes money, or even worse, my going out money. If only there was a system that did all of the predicting for you. It would have saved me a lot of time, and energy. If I only knew then, what I know now….. Isn’t hindsight marvellous? For a no obligation chat with Spending Made Easy, schedule a time here;