2016 – the year of the spendthrift

So I tracked my spending pretty diligently from mid-August until the end of December (my end of December was the 25th because my months currently start on payday while I try to get a month ahead on my bills). I haven’t shared my findings in a single post yet, mainly because for the first 6 weeks I was tweaking my tracking. The last three months, I’ve been more consistent. Here’s what the last quarter of 2016 looked like.

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Righting my debt repayment ship | The Uber Frugal Month Challenge

As anyone reading the last few posts might know, I’ve been fairly rubbish at curbing my spending the last few weeks. When I started tracking my spending in August, I meant to do it for a few weeks (a month really) and use the data to create a realistic budget. At first I was pretty good, I discovered where my leaks were and made some progress plugging them. Then my parents got scammed and I paid their Airbnb charges, I went to Houston and then Edinburgh, and now Christmas.

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A wonderfully classy frugal night in

 

I love Christmas. It’s my second favourite time of year. Mainly because it’s the one time of year that people hang with family (whether by choice or not). London empties out because everyone heads home for the holidays. I got a seat on the Northern line before 9 this morning – Northern line residents will understand how incredible this is north of Balham and south of High Barnet. So, when it came to planning a pre dispersal gathering with my friends, it was easy to settle on a wine and cheese evening in.wine-and-cheese Continue reading

Side hustling: not just about the money

I have directorship in a company that my friend set up so that we could take advantage of tax laws and pay less tax. Due to my financial ignorance (and desire to remain stupid) all these years, I had never really done more than ask a few contractor friends here and there about what it was like to work as a contractor. When my friend took the plunge last year, all I bothered to ascertain was that he pays a flat rate 20% corporation tax on the money he earns as opposed to the different tiers, maxing out at 40% for his income bracket.  Continue reading

Anatomy of a chronic spendthrift | How did I get into this mess?

People, including myself, often wonder how I’ve survived 6 years of crippling debt. How did I let it get so bad? How could I sleep at night? How do I remain cheerful and upbeat even when I have £20 in my wallet to last me a week? How do I stay generous – even going as far as taking on debt to help someone out? How did I keep it all to myself? How didn’t I crack under the pressure? I like to attribute the answers to all these questions to one thing, it’s just the way I am. Let me break it down though. Continue reading

Advent challenges | How I intend to build discipline this festive period

December is my second favourite month of the year, after October. I love the festive spirit, the laid back work vibes, as well as the tons of christmas parties, drinks and what not that are scheduled. All of this stuff usually has an impact, on waistlines and wallets.  Last year I took part in my first Advent running challenge – the premise is based on the Advent calendar with an aim to run everyday for the 25 days from December 1st till Christmas day.

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