Annual Spending – 2020

Summary 

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!  

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Monthly Spending – December 2020

Summary 

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! 

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2020 Personal Review – Mr Way

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!

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Monthly Spending – October 2020

Summary 

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.  

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Monthly Spending – September 2020

Summary 

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! 

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Monthly Spending – August 2020

Summary 

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. 

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Monthly Spending – July 2020

Summary 

Here’s our July spending – our first month as a 3! In early July, we welcomed Baby Way to the world. Fingers crossed our spending for 3 won’t be significantly higher than it was for 2. We’re using reusable nappies, wipes etc so that should really help minimise the cost on disposable items as well as being so much better for the environment. We do expect our energy bill to increase though – the washing machine hasn’t stopped! 

Another big help here is the fact we’re now receiving Child Benefit. As he’s our first child, Baby Way will earn us £21.05 per week. This is a pretty big help and we expect it will go a long way to covering all of his costs! 

Our total spend for the month was £1,886. Obviously Baby Way has not yet had a big impact on our spending. Long may it continue!! 

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Monthly Spending – June 2020

Summary 

And there it is – our June spending – our final month on our own! Baby Way is now over-due and will be with us before the next monthly spending post. We’re really excited and looking forward to showing that it doesn’t have to be a crippling financial decision, as most of our peers seem to insist! 

Our total spend for the month was £1,928. We’re pretty happy to come in under our £2,000 target again despite a few big expenses this month. 

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