Noor77's personal budgeting thread

Mags

I should have been clearer in my previous post. I have taken out subscriptions to a number of Magazines, and am therefore less likely to wander in to a newsagent and in addition to buying my intended purchase, buy something else that I don't really want.

Considering the amount of stuff available to purchase online - books, CDs, groceries etc., shopping in such a manner may (if you don't go nuts) remove you from temptation to purchase additional items. Works for me anyway.

Imperator
 
Re:money

I have never bought anything on line, it just doesn't really interest me...and I think that if I did start buying things on-line I would be even more tempted to buy things I didn't really need.

Clubman - I found out today that my gross salary is 31,500 and then there is the 3,900 rental income as well. See, not 38k!!! :)
 
budget

You're doing well! €120 how are you! I have €25 to get me through til next wednesday €8 of that will be weight watchers which I won't have to pay anymore if I lose another 4.5lbs, which could easily happen since there will be no takeaways or drinking! I have a freezer full of food that would probably get me through a few weeks if it had to so I won't go hungry and mastercard for GENUINE emergencies!
 
Re: Re:money

Clubman - I found out today that my gross salary is 31,500 and then there is the 3,900 rental income as well. See, not 38k!!!

You were missing my point . €31,500 p.a. gross is €2,164 p.a. net assuming a single person with the basic tax credits and Class A PRSI. However you are also in receipt of €3,900 p.a. (€325 p.m.) tax free (Rent A Room scheme) rental income (which I don't remember being mentioned before?) and a tax free "mortgage subsidy" of €250 p.m. from your parents. In total you are getting €2,164 + €325 + €250 = €2,739 into your hand each month. This is the equivalent net monthly income that somebody on €44,000 gross would be getting!
 
Re: Re:money

Clubman! You can't add the €250 a month because it doesn't come to me at all....it goes straight into my mortgage account....so my mortgage is €696 p.m. + €250 p.m. You can't count something I don't REALLY get!!!

:)
 
Re: Re:money

OOOOOOOOOOOOOOOOOOOOOOOOOOOOHHHHHH.......now you've highlighted that thing in red to make me feel really stupid ;) Well, I never pretended to be a financial savant did I?! Hence my dependence on this site :)
 
Re: Re:money

Why would you not include the €250 a month? It's being paid off your mortgage so it is something that you are getting?? If your parents weren't paying this then that €250 a month would come out of your own salary so you are better off by €250 a month:)
 
Re: Re:money

Clubman! You can't add the €250 a month because it doesn't come to me at all....it goes straight into my mortgage account....so my mortgage is €696 p.m. + €250 p.m. You can't count something I don't REALLY get!!!

It is income to you even if it is used to pay the mortgage.

now you've highlighted that thing in red to make me feel really stupid ;)

No - I just wanted to highlight the key point. Do you understand my point here? You are earning the equivalent of c. €44K p.a. gross overall. If you don't accept/understand that then please clarify where you are having problems.
 
Re: Re:money

I know Smree, but I tend to think of it as "invisible" money - money that I don't see but that does a lot of good and that I'd be very stuck without!

Seriously though, this site, and the contributors, have helped me an awful lot...and I still have lots to learn :)
 
Re: Re:money

You're making me feel like Jeremy Paxman or Vincent Browne now... do you accept my figures above?
 
Re: Re:money

Sorry Clubman,

I wasn't trying to wind you up :(
I understand it when you say it.....but I don't feel it. That's what I mean. And obviously the fact that I don't feel it is just a reflection of my general incompetence when it comes to money

:(
 
Re: Re:money

Did you ever
<!--EZCODE LIST START--><ul><li>Do a detailed spending diary for a week or two?</li><li>Identify unnecessary spending or areas in which you could save/not spend money?</li><li>Set a weekly budget and stick to it?</li></ul><!--EZCODE LIST END-->
It's not rocket science.
 
Re: Re:money

Yes, yes and yes

Sometimes Clubman Paxman, I think you would be nicer to me if I said I had a big CC debt ;)

Since I have come across this site I have begun both budgeting and saving, so you (despite your gruff manner ;) )
are obviously doing something right! Pat on the back to you for that...and as you mentioned a few posts ago ...a pat on the back is free!!!
 
Re: Re:money

despite your gruff manner

Fair enough - if you don't like my manner or being presented with objective feedback which might challenge your status quo then I'll sign off this topic and forget about trying to help you... :rolleyes
 
budget

from today until next wednesday my budget is:

Rent 130
TV 30
ESB 50
Eircom 75
Mr. Binman 14
Food: 21 (will be hard)
Entertainment 20 (again hard)
Parents Siver Anniversary: 300 (paying some of there trip and also buying a silver engraved plate)

tough one eh?
 
Re: Re:money

That was intended as a joke Clubman :(
And I am very sorry if you were offended in any way by my dubious sense of humour


But I meant it about the pat on the back. Your advice is always welcome and appreciated
 
Re: budget

That's a tough one alright Melybaby.....any chance on holding off on the Mr. Binman labels so you could have a bit more money for food?

If not you could always try and live off noodles for a few days. I did this a lot in college! When it was really bad in college and we couldn't afford any milk, we would eat our cornflakes with hot sugared water instead!
 
Re: students budgets

When I was in college and particularly skint ( usually every Wednesday to Friday until I could take the train home and raid the family cupboards) it was boiled rice and ketchup, and if there were any left, a fried egg. Euurgh!
 
Re: students budgets

Yip it will be hard.

ugh, boyfriend just called our esb is now 400
(155 arrears) then regular 245 which a notice on how charges have increased ugh.....
 
Re: students budgets

Hiya Vanilla

We never tried the rice and ketchup....but we did have plain pasta with ketchup when we had no sauce! We actually lived on cereal a lot. Another thing we used to have was baked beans and cheese mixed together.
 
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