Budget Check In: April

Ah April! Season of – well, we’re in Denmark, so season of sunshine plus snow showers plus beautiful blossoms whilst still having to wear a scarf and gloves. Personally it has been a mixed month as well. My step dad had an accident and fell down the stairs, and whilst he’s fine apart from a beard full of stitches, it has opened up the conversations about how we are going to collectively support my parents as they move into their next phase of life. On the other hand, easing of some lockdown restrictions and a change in weather means I feel a little bit less like a rat in a cage. So overall, onwards and upwards.

The start of a new financial year – summer is on the way (sort of)! Photo by Waldemar Brandt on Unsplash

Budget wise, it’s been a mixed month. My daughter’s birthday is in May, and with the reopening of things – or at least the expectation of reopening – my thoughts have turned to booking in plans for the summer. So whilst I didn’t really overspend for April itself, I have spent a lot of money on May-July. We did have one day where the malls reopened, and we went shopping which is unusual. I felt so giddy: look at all the shops! Look at all the lovely things! What if we have to get stuck at home AGAIN and we haven’t bought knitting needles!? So we managed to spend about £60 with no plan. And then we went back to avoiding malls.

Item Monthly BudgetSpend April% of monthly budget
Childcare costs £           1,100.00 £       572.7152
Car (insurance, tax, petrol) £              125.00 
Charity £                 66.67 £          14.8822
Eating out £              120.00 £       167.57140
Entertainment – subscription £                 50.00 £          84.97170
Entertainment £              100.00 £          17.7318
Kids – extra curricular £              250.00
Family £                 50.00 £       183.85368
Groceries £              400.00 £       736.91184
Holidays  £              300.00 £    2,154.87718
Insurance £              200.00 £       127.0064
Personal care £                 30.00 £       231.84773
Shopping – general £                 25.00 £          60.12240
Shopping – gifts / birthdays £                 58.33 £       301.31517
Shopping – clothes £                 29.17 £          30.73105
Rent and Bills £           1,500.00 £    1,500.00100
Transport £                 41.67 £          87.80211
Utilities £              200.00 £       193.2297
TOTALS £        4,645.83 £    6,473.92 

So, once again I overspent my budget, spending £6,473 against a budget of £4,645:

  • The majority of the addition was holiday costs where I spent £2,154, making the non-holiday total £4,319 which I don’t feel too bad about. That is a LOT less than I spent last year because I wasn’t bounced into booking whatever holiday clubs were left. It covers six weeks of holiday clubs (three per child) doing a mix of swimming, football, trampoline camp and a STEM camp for my daughter which looks awesome. It also covers flights to the UK and a week’s Air BnB for me to go and spend some quality time with my friends which, let’s be honest after 14 months at home, I am desperate for. So I am pretty pleased. I will need to hire a car, and spend some other bits but that should be the bulk of the holiday spend. All in all though I definitely under budget for holidays and I will need to make a plan since I have spent the entire annual holiday budget.
  • I spent again on personal care including visits to the dentist for all of us. This is something I should be able to claim back, but for now I will leave it here and balance it at the end of the quarter. For now I have lovely clean teeth and a sticker which says ‘I was brave at the dentist’.
  • I spent about £300 on gifts which is mostly for my daughter’s birthday, but included a few things for friends and family who are far away and having a hard time. I try to concentrate on being lovingly in touch with people by phone and message, but sometimes a little something in the post can make a big difference, so I am ok with spending money here.
Getting that giddy spring feeling. Photo by Alexander Schimmeck on Unsplash
 Monthly saving planApril% of plan
Mortgage (UK house)  £                500 £              500100
Mortgage Overpayment  £                500 £              500100
Emergency Fund  £                  100 £               100100
ISA £               1,250 £               50040
Kids savings £                   248 £               248100
SIPP £                   300 £               300100
  £   2,898.00 £ 2,348.0087

So what did I save? Again I focused on getting the last of the money together for our house move in July, so I have saved the removal costs and some extra for getting things painted etc. So there is nothing amazing in terms of savings this month but I carried on with the usual basics which is still savings (or paying toward capital) of £ 2,348.

So this month, a very unimpressive savings rate of 20% compared to spending 80%. In theory though I should be able to to save more over the coming months since those big holiday costs are paid out, so I will make a plan to do so. And head back toward more conscious spending once the thrilling spring feelings start to wear off.

How was your April? Would love to hear from you!

More Copenhagen spring beauty. Come on, you feel it too!