Our April 2018 Budget Report

It’s time for me to share with you our April 2018 budget report.

April was, for us, a month of heavy spending, but we found opportunities to be frugal and find lots of money-saving ways to reduce our expenses.

As we’d planned most of our expenses, it didn’t feel bad to be spending so much, though it still makes me gulp when large sums of money (again, they’re large amounts of money to us!) leave our bank accounts.

Mr B’s wages were lower than expected, due to his workplace going through a serious change, which meant days where staff got sent home early without pay.

We’ve known for a long time that April would be the time where our income from a certain source would end (somebody had been repaying us for a while, for helping with his debts a long time ago). Things will be tighter from May onward. However, though I can’t declare it to you yet, I may have increased our income from next month!

For new readers: I use percentages, instead of monetary amounts. This is both to respect my husband’s wish to keep our income private and in case you want to compare how much of your income goes to your own categories. As your income will be different to mine, percentages are more helpful.

April calendar - Our April 2018 Budget Report
Photo by Charles Deluvio on Unsplash

Our April 2018 Budget Report

Income

Apart from winning back twopences Mr B and I put into the slot machines at a recent trip for ice-cream and a few games at the arcades (his treat) and finding a penny on the floor, we didn’t get an income boost this month!

Outgoings

(Shown in percentages of April’s total income, rounded up or down to keep things simple).

  • mortgage: 26%
Birdhouse - Our April 2018 Budget Report
Photo by Hello I’m Nik on Unsplash
  • Council Tax: 7.3%

Our Council Tax payments for 2018 started up again this month (we pay over 10 months) and have increased, although April’s payment was lower than what we must pay in subsequent months.

  • gas and electricity: 3.8%
  • water: 2.6%
  • groceries: (Includes food, toiletries, and household needs.): 11%

We came in a good bit below our grocery budget limit this month due to getting another payout from Checkout Smart!

Whenever we don’t spend all our grocery budget, we roll the surplus onto the following month, because our grocery budget is tight. Should we be trying to pay off debts, we’d instead add any surplus to debt payments.

Man holding two apples - Our April 2018 Budget Report
Photo by Raquel Martinez on Unsplash
  • internet and landline: 1.1%
  • life assurance: 1.5%
  • mobile phone bills: 0.6%
  • my dental insurance: 0.6%
  • mortgage overpayment: 0%
  • pensions (besides to the small automatic deduction from Mr B’s wage): 0%
  • petrol: 1.4%
  • sinking funds: 14% put into our short-term savings.

April’s Sinking Fund Spending

From our sinking funds, in April, we spent money on the following:

  • home insurance annual premium

I shopped around for the best price using various price comparison sites, made two phone calls and ended up switching us to Legal & General.

Living room - Our April 2018 Budget Report
Photo by Alex Sawyer on Unsplash
  • car breakdown annual premium

This was an automatic payment. Last year I signed up for a great deal with the AA where they froze the price for two years.

  • sight test for Mr B

With a voucher printed on one of the numerous pharmacy bags my medications come in, we got Mr B an eye examination for £10 at Boots Opticians!

  • birthday meal for one of my nephews
  • greeting card for a birth in the family
  • deep fat fryer
  • sander pads
  • bearing kit for our washing machine

We’ll either return or re-sell the bearing kit. The job is too big for Mr B to want to repair. We’ll now let the machine carry on as is (working fine, just incredibly noisy when spinning!) until it dies. The washing machine got donated to us a few years back and we’ll replace it with another second-hand one when it dies.

Laundry on a line under window - Our April 2018 Budget Report
Photo by Marco Bianchetti on Unsplash
  •  dash cam

A good investment for protecting ourselves from poor drivers and accident scammers. We got a discount for this, found on HotUKDeals and I used Amazon vouchers earned from Swagbucks*!

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  • holiday savings: (‘vacation’ to U.S. readers) 7.5%

April’s Holiday Savings and Spending

From our holiday savings, in April, we spent money on the following:

  • new passport applications (paid for hoping to go abroad this year but have decided upon a UK holiday this year and have our ‘big’ holiday next year, instead).
  • passport photos
  • Cornwall holiday accommodation, which included a security deposit that will get returned to us.
  • Railcard
  • Train tickets to Cornwall
  • ‘Treat’ food in both the first week of April when Mr B took annual leave and during his next lot of time off, which began on the last weekend of April.

Read how we saved money on our holiday costs here.

Seaside-themed bathroom - Our April 2018 Budget Report
Photo by Lisa Board for Bunchy the Budgeteer
  • miscellaneous buffer: 0.9%

In our miscellaneous category, we overspent a lot:

April’s Miscellaneous Buffer Overspend

From our miscellaneous buffer, in April, we spent money on the following:

  • bike repair and tip.

We needed a professional bike mechanic to work on Mr B’s bike, which has enabled him to cycle to and from work now Winter is over (as long as we don’t have rain – he’s a fair-weather cyclist!). Him cycling more saves us petrol plus wear and tear on the car.

Bicycle wheel - Our April 2018 Budget Report
Photo by Markus Spiske on Unsplash
  • one taxi to work (I must’ve been too unwell to drive him one day when he couldn’t cycle).
  • medication for Mr B

We used money from our holiday savings to cover our overspend.

  • personal spending money: (which has to cover clothing, haircuts, makeup, and gifts for each other on special occasions): 9%

My Personal Spending in April

In April my personal money got spent in the following areas:

  • bakery treats for Bubs and I
  • my food for the birthday meal out with my nephew (our ‘gifts’ budget section covered his share).
  • donations to the homeless in our town
  • chocolate/crisps
  • a milkshake for Bubs and I to share
  • to my savings pot for Mr B’s birthday
  • clothing savings
  • vape juice
  • a make-up item
  • to my general, personal savings (that cover the *cost of running this blog)

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And that’s it for April!

Remember, When looking at your spending each month, your life and requirements will be very different to ours. I share our budget to give you insight into how we budget in the hope it may give you ideas for your own budget if you need them.

So, how was April for you? How do you divide up your money each month? Do you need to make a budget?

Read: Are You Within the Recommended Guidelines for Your Monthly Expenses?, Things You Need to Know Before Making Your First Budget, and Easy Budgeting for Overwhelmed or Lazy People.

If you think this article (or any of the posts on the blog) could help anybody, please share. You can even pin to Pinterest! Just hover over the left-hand corner of the image below and click the red ‘P’ icon.

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Our April 2018 Budget Report

I love hearing from people who want to improve their finances and/or simplify their lives. Don’t be shy! Comment, contribute to the Facebook page, or send me a private message.

Until next time.

Bunchy x

*This post has an affiliate link to the company used to host my blog. If you want to start a blog but aren’t sure which hosting service to choose, hence my link to Siteground. Their customer service has been outstanding as has their technical support. If you sign up via the link, I’ll receive three month’s free hosting at no extra cost to you (you’ll get a great discount!). Don’t worry, I’d only ever recommend things from which I get true value.

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3 Replies to “Our April 2018 Budget Report”

  1. Love Cornwall! I’d love to go again soon, I’ve only been once years and years ago. Hope you both have a great time!
    I’m also working on my April Monthly report as we speak, hoping to have it posted by the weekend. Looking forward to comparing 🙂

    1. We’re having a lovely, relaxing time. 🙂

      Weather not perfect, but that’s Blighty for you!

      Looking forward to your next post. I must get on with mine after my return and after I’ve prioritised an article for somebody else!

    2. It’s SO beautiful! You must go back there sometime. If you’re passing by North Somerset on the way there, hit me up and we can share a cuppa and nerd out about finances. 😉

      Checking out your latest post later – with a cuppa no less.

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