Moving to a cheaper house just saved me £700/ month!

Now I’ve finally (almost) moved into my new house I feel confident enough to make a few ‘expenditure’ goals for the next year or so…

NB the charts look much nicer on Tableau Public!

Projected monthly expenditure for 2019 (and the rest of 2018)

My projected budget for the rest of 2018 and 2019 is approximately £1230/ month. The breakdown is as below…

Analysis

About £900 of this I categorize as ‘fixed’: items I can do little about in the short term, such as mortgage, council tax, broad band connection.

The other £300 I categorize as ‘flexible’… I could probably halve this amount, or even cut it to zero some months, although this wouldn’t be pretty!

NB – it’s not quite ‘true’, there’s somewhere between £50-100/ month which I’ve paid forward – e.g. car insurance I paid for in a lump sum (saving about £50 compared to the monthly version).

My ‘typical monthly’ budget for the last 5 years or so

Below is my budget from 2015… this is pretty typical of my last five years’ worth of expenditure, but tending towards the ‘frugal’ – this is taken from my initial ‘enthusiastic’ Early Retirement Extreme phase:

Comparative analysis

In short – the difference is all about the mortgage! 

I’ve managed to halve my mortgage/ service charge from a  combined £1400/ month to around £650 month, if I include anticipated heating costs (might be being a bit optimistic here!)

So… I’m calling this a success: much lower mortgage, £6-700 taken off my monthly outgoings: BOOM!

 

The tabular version (which doesn’t look very pretty in WordPress, and may well be unintelligible in steem (bit of an experiment this!):

Item 2019 2015
Mortgage Repayments 600 1023
Service charge 0 200
Council Tax 100 110
Insurance 30 35
Heating 50 0
Water 20 20
Electricity 20 20
Phone/ BB 30 25
Mobile Phone 0 16
NUT 0 20
TV license 12 12
Green Party/ Global Justice Now 15 15
Go Daddy 10 8
The Week 15 15
Food 150 132
Beer 20 121
books 20 3
munchies 10 10
coffee 20 30
poundland 10 9
take out 10 11
Allotment 20 58
Transport 30 35
Tools 10 5
Other 20 34
Clothes 20 26
Total 1242 1993
Fixed 902 1519
Flexi 340 474

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