Welcome to our January spending post! Our total spend for the month was £2,049.
It seemed like 2020 would never end, but we finally made it to 2021! Fingers crossed for a more positive, normal year.
Our total this month is slightly over our £2,000 target, but we bought a few things in the January sales which we’ve been meaning to buy for a long time. We also booked another few bits for the wedding. See below for details on all of this.
Continue reading “Monthly Spending – January 2021”Welcome to our annual spending post! Our total spend for the year of 2020 was £22,858. For context, this is for 2 adults plus a baby, born in July 2020.
If you’ve been following our monthly spending posts, you’ll know how this goes. Throughout 2020 we managed to keep our spending pretty low. We’re really happy with the total as it’s below our £2,000 per month target by a healthy margin.
This is partly due to being in lockdown and not having much to spend money on. But to be honest, this has had a minimal impact for us. Our spending is low even in normal times, so this year was always going to be a low total. We had already decided we wouldn’t be spending much due to Baby Way arriving in July. Settling into parenthood was our top priority!
Continue reading “Annual Spending – 2020”Welcome to our December spending post! Our total spend for the month was £2,454.
Finally, we made it! Sometimes it felt like 2020 would never end, but here we are. For more of a review of the year, see Mr Way’s 2020 Personal Review and our Financial Review too. We’ll also be posting a summary of our total spending throughout 2020 in the coming days.
Our total this month is slightly over our £2,000 target, but that’s down to Christmas and our car insurance renewing. We also paid a deposit for some wedding food. See below for more detail!
Continue reading “Monthly Spending – December 2020”Here it is! Our financial review for 2020. Below, we’ll detail how we each got on this year, including progress towards our FIRE goals.
If you want to see a more personal review of 2020, see this post by Mr Way.
Continue reading “2020 Financial Review”Well, what a year! It’s finally time for my 2020 Personal Review, and boy has it been a crazy one.
Nobody saw the global pandemic coming, but there have been so many other things going on in my life too! It has been pretty manic at times and hard to process everything that has happened. Hopefully my ramblings below make some sense as I attempt to put 2020 into some sort of order!
Continue reading “2020 Personal Review – Mr Way”Welcome to our November spending post! Our total spend for the month was £1,818.
There weren’t any big expenses this month, just a few Christmas presents etc. Steady away! That’s what national lockdown does for you. See below for the full details!
Continue reading “Monthly Spending – November 2020”Welcome to our October spending post! Our total spend for the month was £1,952.
This marks another month below our target of £2,000, even considering we had to buy a new washing machine! Coronavirus restrictions have certainly seen a reduction in our spending, as there aren’t many things we’re allowed to do! With another ‘national’ lockdown looming, we expect this to continue.
Continue reading “Monthly Spending – October 2020”Welcome to our September spending post! Our total spend for the month was £1,636. We’re really happy with this as it’s significantly below our £2,000 target.
Before we get into the spending, we want to apologise. We haven’t been creating any blog posts recently, other than these monthly spending breakdowns. We’re determined to get back on it soon, but we’ve just been so busy since Baby Way arrived in July. He’s taking up so much of our time! There has also been a lot of work for Mr Way managing his tennis club (he’s the chairman!) and Miss Way has started doing some teaching over Zoom. Mr Way has also been told he’s in line for a promotion (about time!!) this side of Christmas so his work is busy too. A combination of all of these things have meant the blog had to take a hit. Anyway, on to the spending!
Continue reading “Monthly Spending – September 2020”Welcome to our August spending post! Our total spend for the month was £1,970.
We’ve been eating out more than usual, as Miss Way increases her socialising and introduces Baby Way to family and friends – at a distance. We also had an MOT on the car this month, and bought a lot of house plants! Considering those factors, we’re happy to still come in under £2,000.
Continue reading “Monthly Spending – August 2020”I recently went through an interesting exercise at work and wanted to share the findings here. Essentially, my company don’t offer salary sacrifice pension contributions and I wanted to persuade them to consider it!
As you can probably tell, I’m bit of a personal finance nerd! I created a document showing the benefits of salary sacrifice to both employer and employees. I even added some Sankey Diagrams to demonstrate the difference it would make!
The information below shows what I submitted to my employer. Hopefully it will help explain the different pension contributions as well as giving you inspiration to request similar changes from your own employer!
Continue reading “The Benefit of Salary Sacrifice Pensions”