Budgetting for the next few years

Starting on July 1st, I have laid a budget, that I am going to adhere by. I made a spreadsheet, where I wrote my income and my expenditures, and when all is said and done, I will have money left. That's the benefit of moving to a place where I know my rent in advance. Where I have a flat fee to pay. I also came to realize, that I have too many streaming services. I spend $109 a month just on streaming. I need to look into cutting down on them.. But I need them all.. I might just keep them all, actually. They are pretty handy to have, and I will not run out of content anytime soon.

Now it's time for some money stuff! The biggest post I have, apart from rent, is my food budget. A massive $196 in total each month. What can I say, I am a foodie.. I am always looking for ways to improve my cooking.. Anyway.. I have three expensive months, and nine "cheap" months. The expensive months, I spend $1244, and on the "cheap months, I spend $1211. I get $1474 each month, so when all is paid, and I have put some money into savings, I will still have money left over. That's a first for me, since I used to spend all my money in 14 days.. Sometimes 7 days.. When I moved to Scotland, I got the biggest reality check ever, which I needed. Since then, I have been managing my money. Rarely have I fallen behind on bills, and it's almost six years ago since I came back home.

Speaking of saving up money.. My dream is to own a house. It doesn't matter where it is, as long as it's mine. Or maybe just an apartment somewhere. Apartments are cheaper than houses anyway.. But I would like to own some property one day. I am thinking with my trucking job, I can save up even more than I am now, because if I don't change my spending habits, I can comfortably send almost triple into my savings than what I do now.

But we'll see what happens. Right now, I plan to hold my budget for three years, minimum. I am sure it's doable!
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Comments (6)

maybe the tax payer should take a closer look at people who free load off the state ,as state payments are for the essentials and not for people to waste on internet streaming ,,obviously they are paying you way to much money ,,,,
When you say "savings", what exactly do you mean? Do you put the money into a savings acct at a bank, bury it in a jar in the back yard, or just stick cash under a mattress? Are you earning anything on your savings? Or is it just sitting there waiting for you to spend it? confused
Edison: It's not like I don't pay taxes on my income - I do. It's a safety net for people who are between jobs, and it's been a thing ever since I can remember. Some people look down on people who are on government welfare, which is why I want to get out of it as fast as possible. That will happen in August when I begin my education. 20 weeks on education boost, and after that, I get a proper salary from a company.

Ooby: I put them in a savings account.. Well.. I transfer them to my mother, who is keeping them for me. If I need some money from it, I have to ask my mother to transfer them to my account. I don't earn any interest on the savings at the moment. One of these days, I am going to open up a proper savings account and transfer the money there.
Cancel your streaming services pleading poverty, and if they offer you a cheaper deal you get to keep it. If you then waste the difference in a real shop it improves the town.
What is the average interest rate on a savings account?
0.04% APY
According to the FDIC, the national average interest rate on savings accounts currently stands at 0.04% APY. This applies to both average and jumbo deposits (balances over $100,000).Apr 8, 2021

So, if you put $1000 into a savings acct in 1 year you will have earned $40.00. Hardly seems worth it. There are much better places to put that money.
ooby, yea you practically lose money on having them in the bank. Can you name me one good investment that I can maybe use later, if I happen to have a few thousand extra one day.
One or max two would do. Stocks? Fonds? Bitcoin?
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Philipsen

Vallensbæk, Zealand, Denmark

Well not the LITERAL end of the World.

So.. Who am I? Well, my name is Danny, and I live in Denmark. I am a down to earth, carefree guy, who loves the small things in life. I am a fan of well crafted stories, and old movies. The Godfather is the [read more]