Budget

Want to reduce your yearly expenditure, whilst retaining or improving your quality of life?

I started this blog as I wanted to prove that it is possible to thrive, not just survive on one salary.  Obviously less income, means less spending and therefore some budget cuts are necessary.  Those budget cuts however are the key to unleashing your creative side, as very often homemade items are far cheaper and healthier than shop bought products.

I have managed to slash my yearly budget by a little under £3000 and have provided a summary of estimated savings below (all savings are specific to my young family of 4):

 

Item Then Now Estimated yearly savings Links to more   info on the blog
Holidays Accommodation paid for I have signed up to a house   swapping website, so accommodation is free (no need to worries about price   hikes during school holidays) £750.00 Coming   soon…
Presents Shop bought when needed Homemade/ planned for and bought   in sales / in bulk £450.00 Coming   soon…
Poultry I was buying an organic chicken   every week Now buying an organic chicken   every 3-4 weeks and making it last longer £505.00 Affordable organic chicken
Tumble   dryer I was using the tumble dryer 4   times a week Now I’m using the tumble dryer   once every couple of weeks £290.00 One salary
Vegetables/   herbal tea I was buying lettuce, herbs,   herbal teas, garlic, horseradish, spring onions (all organic) Homegrown,herbs, rocket, pak   choi, horseradish, garlic, chives (great replacement for spring onions) £270.00 Don’t buy tea grow your own
Babywipes I was using 1-2 packets a week Now using sparingly (approx 1   packet every 3 weeks) £150.00 One Salary
Cereal   bars and biscuits I was buying expensive organic   cereal bars for the kids and 2-3 packets of biscuits a week Homemade £145.00 Coming   soon…
Greetings   cards Shop bought (I calculated the   number of people I routinely send birthday and greeting cards to and averaged   a cost of around £2 a card) Homemade (I did the same as on   the left, but averaged a cost of around 20p a card) £95.00 Handmade cards and envelopes
Fruit I was buying 2 punnets of berries   a week in the summer months Homegrown, raspberries,   blackberries, plums, apples, strawberries and blueberries. £80.00 Grow your own berries
Liquid   soap Ecover Homemade liquid handsoap £55.00 Make soap at home
Sandwich   and freezer storage bags I was using approx 3 a day Using approx 1 a week. £50.00 One salary
Cleaning   products I was buying various shop bought   cleaners such as kitchen, bathroom, window, antibacterial, dust removal and   limescale removal cleaners. I also bought bleach, floor wipes and stain   removers. I am using e-cloths and water,   lemon juice, vinegar and bicarbonate of soda. £35.00 R.I.P. My Chemical Crammed Cleaning Cupboard
Total savings: £2,875.00

Item

 

Those are some of the potential savings so far.  I have lots more ideas for making savings and for making money from home, which I will continue to blog about.  There is more to come!

I would love to know how much you could save with the substitutions above (and am always open to more eco-conscious money saving ideas), so please post your comments and feeback below.

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