Money

July 2014 NET Worth/Budget

Credit
Cash – £2.54
Santander 123 C/A – £3,067.42
First Direct C/A – £1,376.54
EasyCash – £1.00
Credit total – £4,447.38

Debts
Capital One C/C – £892.69
Creation C/C – £562.30
MBNA C/C – £3,319.92
MBNA C/C 2 – £4,118.40
Debt total – (£8,893.31)

Net worth
£4,447.38 – £8,893.31 = –£4,445.93

So there it is, I finally have an accurate number of how much debt I am in and wow it makes me want to cry. I have never really been in any kind of debt before and even though I know that this is a necessary evil for the time being it does not make me feel good to see it written down. The good thing about it is I finally feel like I know where I stand and I feel more empowered to make a plan to get back to the positive numbers yet again.

Budgeted Actual +/-
Rent & Bills £600 £567.39 -£32.61
Essentials £3,500 £2,772.61 -£727.39
Everything Else £750 £525.93 -£224.07
– Food/Drink £300 £321.72 £21.72
— Groceries £154.94
— Eating Out £166.78
– Travel £200 -£106.05 -£306.05
— Transport £0.00
— Breaks -£106.05
– Entertainment £0 £237.90 £237.90
– Miscellaneous £250 £72.36 -£177.64
— Clothes £0.00
— Beauty £11.99
— Gifts £11.00
–Charity £0.00
–Fitness £8.05
–Other £41.32
£4,850 £3,865.93 -£984.07

The good thing is that I came in almost £1,000 under budget this month so things could have been worse. I spent very little on Miscellaneous items but way too much on entertainment because I forgot that I would need to sort out tickets for London Film and Comic Con this month rather than after the first of July to beat the online store closing. Overspent on food yet again but only slightly and I don’t intend on doing any big shops over the next month as I’m only in London for two weeks before heading home for another two where I can raid my mum’s fridge. (Sorry mum!)

Budgeted Actual +/-
Rent & Bills £600
Essentials £500
Everything Else £500
– Food/Drink £150
— Groceries
— Eating Out
– Travel £150
— Transport
— Breaks
– Entertainment £100
– Miscellaneous £100
— Clothes
— Beauty
— Gifts
–Charity
–Fitness
–Other
£1,600

I’m waiting to hear if I’m getting a pay rise this year and if I do it’ll be reflected in my July pay in two weeks which would be great. My flat is now (bar some cleaning) finally ready to be rented out which I intend to get resolved when I’m at home mid-month so it should be rented out and earning me money very soon as well. Although I figure the first months rent will be eaten but by fees etc sadly.

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