I’m time-rich and cash-poor – that’s what happens if you retire when you’re 31! I also have poor impulse control and haven’t mastered the art of delayed gratification. So I overspend most months. Well, I think I do. The truth is, I don’t really know what I do with my money and, in this age of austerity, that can’t be a good thing.
I am, therefore, going to start tracking my spending. This won’t include direct debits (I’ve never had a payment bounce) but will include discretionary spending (how many books do I buy in a month?) and essentials (like food!) I’ll be starting on the 15th of October as this is pay day (or, rather, pension day) and shall allocate myself a budget of £200 split roughly into £50 per week (October’s a four-week month).