Money Monday

I think when it comes to money that there are certain types of people. Take my friend, she accounts for every single penny that comes in and goes out. I bet that she could tell you at any given time, exactly how much is in each bank account she has . Now with this, she is not a penny pincher. Indeed she lives a much more extravagant lifestyle than me but she manages her money very well.

All the moolah! From Weheartit

Quite opposite to this friend, I'm ashamed to say is me. I would call myself an ostrich. I spend money without thinking what my balance is with my head stuck firmly in the sand. I don't add expenses up and then I am surprised when I finally read my bank statement (having avoided it for a week). Now I am an intelligent person (without blowing my own trumpet lol!). I have a masters degree. It can't be that hard to change my habits can it?!

Well I'm going to try!! I know it may be slightly over the top, but I'm going to be strict with myself for a while to try and beat some good habits into me. I don't want to carry these bad habits into my adult life when my financial responsibilities extend to scarily responsible things like houses, pensions and so on..

-When I'm aware of how much money I have I don't knowingly overspend so therefore I will check my current account every day.

- To practise some self control I am starting a spending diet. I found out about this idea from the blog and then she saved. I'm giving myself £75 a month to spend.

-To make sure I stick to my spending diet, I will track everything I spend on an excel spreadsheet. I spent loads of time earlier in the year, making an all singing, all dancing one and never really filled any of it in! Not this time though!

What my spreadsheet should look like! From Weheartit

And of course I shall let you all know how I get on here. Wish me luck!

Cheerio!