Hello, skint pals and sorry it’s been a while since my last post: last week was spent as far out of the city as I could get, on a family holiday on a farm. It was camp fires and sausages most lunchtimes, but this farm had a rather unique selling point – its own beauty salon. Rather random I know, but somehow it worked: it certainly made getting a manicure feel more justifiable when I could tell the beauty therapist that the reason my hands need TLC was that I’d just been hauling wood. (It was small sticks actually, but I fudged the truth a little, out of shame for my neglected nails).
Salon beauty treatments are something I never normally bother with. By and large I consider them a waste of money, but having allowed myself a couple down on the farm I might just become a convert. I didn’t realise what a difference a proper pedicure would make, but if I’m going to start splashing the cash on beauty treatments I’ll need to find a way to rein in some other expenses. We’ve all got money eaters – things we regularly shell out on without thinking about how much benefit we’re getting in return. And as my bank balance is feeling that post-holiday pinch right now, I’ve just been taking a look at my biggest cash-guzzlers to see where I might make some savings. This is something I talked about a while back, but I’ve still got way more work to do if I want to shave off some of my superfluous spending. Here are some of my spending habits whose days in power are numbered:
Newspapers – I don’t know if these should be culled or not, because I enjoy them so much, but I am a total newspaper junkie. A day without buying a newspaper is almost inconceivable to me and I will often buy four on a Sunday. Yes, four. I love them, you see – the main sections, the supplements, the lot. But still that’s more than £8 a go some Sundays and a quid or two most other days, so we’re looking at £15 a week, easy. That’s £60 a month!!!! Oh Lord, I had no idea. Clearly something must be done.
Office lunches – As I outlined here, this was a big money eater (literally) for me, but it’s one I’ve gone some way to curbing. Still more to be done though – as with so many expenses, lack of time is the enemy and at 7am I don’t always feel like making sarnies.
Illness/injury insurance– I pay out £35 a month for this policy, which covers my mortgage payments should I be struck down with any of several scary illnesses. At the time of taking out the mortgage it seemed like a good idea. I’m relatively risk-averse and was suitably scared by the advisor’s imaginary scenario of juggling mortgage payments with a life-threatening illness. Seven years and £3000 later, I’m not sure I need it; after all, I get sick pay for a decent time period via my employer. I’ve often thought about cancelling it, then chickened out for fear that two days later I’d be diagnosed with something horrendous.
On the other hand, I spend very little on stuff that others go a bundle on. Since I really don’t give a damn about motors I’ve had the same car for ten years. The jalopy still drives and that’s all I want. And because the idea of spending a weekend or longer looking round garages for a new car strikes me as about as pleasant as root canal treatment, I just keep putting it off, (yep, for ten years).
Maybe it’s all about choices – my newspaper habit gives me far more pleasure than a new car could, but still I got a shock when I totted up the monthly cost. When I came across this article on the best budgeting apps I thought it was pretty interesting – see what you think. I might try one to keep track of spending for a month or so.
What are your biggest regular money eaters? Or don’t you regret any of your spending habits? C’mon, let me know! x
Photo courtesy of Passion Nail Art.