Before I bought my house I went through my budget with a financial adviser to see if I really could afford to own my own house. Now putting together a budget seems pretty easy but it?s not until you actually own the house that you can see all the drains on your salary there really are so I thought it would be prudent to go through my budget again and see how things balance out.
A quick search on Google brought up the MoneySavingExpert.com Budget Planner, a free to download Excel spreadsheet (they also do an online one too), and so I?ve had a run through and I?m happy to say that I still budget to spend less than I earn which is the way it should be.
I have to admit that I?ve been spending over my limit these past couple of months but am comfortable with that as it was for one offs such as a new kitchen, etc, and now that they?re in place I don?t envisage paying out again for a few more years to come. This has left me with a bit of money on my credit card, but I am comfortable with the amount and will now work to reduce that over a set period, something I can work out with my budget planner.
OK, so not a very interesting post but as I?m paying out money left, right, and centre it?s good to know that I?ll be fine in the long run, and can work my way back towards having some savings.