This is just a super quick post about unnecessary spending which i will elaborate on more in a further post.
However, I am so shocked and feel so unwell about my findings that I have to share! After all the whole point in this blog is to be honest about our spending and saving even if I feel ashamed about it!
I have been trying to complete 50 miles for the local Maggies centre which has reminded me how much I enjoy exercising as I like the way I feel afterwards. With the recent weather it hasn’t been easy as it is so slippery outside my runs are turning in to walks. Gyms are closed so I can’t go there and so I started looking in to peloton. It is quite expensive at £80+ a month but a gym membership for me and one for my husband would cost roughly the same and exercise is seen as a necessary expense. Exercise is good for not just physical health but mental health!
In order to justify the monthly cost I thought I would break down last years spending a bit better. My bank account is through Monzo who allow you to tag payments under categories. I only started properly using this function in May last year. When I looked at what I had tagged in eating out which for us includes takeaways we had spent…
This does not include pre-May which I have not tagged or anything we paid for in cash! That is almost our savings goal eaten up by takeaway food! I can cook! I might not be the best cook ever but I really enjoy cooking and it is rare for my children not to want to eat what I have made. I am pretty competent in the kitchen and will try to make almost anything so we shouldn’t have even needed to eat out so much! I am so ashamed at how much money we have wasted.
Not only has this shown me where a large chunk of our spending was going but it has pushed me to start working out the cost of meals we make at home and do a price comparison! From next week (give me time to shop for the supplies) on a Saturday we will recreate our family takeaways at home, dish for dish and I will do a breakdown of the cost in the hope we never think eating out is an easy escape and start to see it as money wasted. My children love to help out in the kitchen so they will be helping out too!
If anybody has experience of peloton then let me know what you think too! It is a big cost so we want to make sure we are doing the right thing!
Wish us luck!